The government is keeping power tariffs flat to protect consumers and is trying to increase competition in order to deregulate markets. But power costs have still risen more than 60% in the last seven years.
Consumers fear living at the mercy of power companies even though these companies do not write power sector policies or set quarterly power prices. But progressive deregulation and fair pricing would help the more than 200 independent power vendors to manage their portfolios and offer prices that are closer to the real costs of production than current tariffs. A market with fewer regulations will increase power sales. The telephone is a prime example of this phenomenon.
