Wednesday, May 13, 2009

Campaign for Fair Electric Rates Launches Video Explaining Need for Reform of Wholesale Electric Markets

Why do over 50% of Americans pay electricity rates up to 70% higher than others?

A short informational video at the Campaign for Fair Electric Rates website explains how the Federal Energy Regulatory Commission (FERC) allows electricity producers and traders make billions in profits, in private self-regulated spot markets that influence retail rates.

The purpose of the video is to educate individuals about deregulation of the wholesale electricity markets, and the impact upon electric consumers. The video is also on YouTube.

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