Harrisburg, PA –– The Retail Energy Advancement League (REAL) has issued the following statement in response to the development and publishing of R Street Institute’s State-By-State Scorecard on Electricity Competition. The following statement can be attributed to Chris Ercoli, the president and CEO of the Retail Energy Advancement League (REAL).
“The Retail Energy Advancement League is excited about this new resource that R Street Institute has created to help state leaders improve energy markets for consumers.
“This scorecard offers lawmakers and regulators in almost every state a clear, comparative assessment of how well they’re serving residents with electricity options — and, more importantly, where there’s room for improvement.
“The results of this state-by-state analysis further highlight the limitations of monopoly utility markets when compared to restructured markets. Competition applies downward pressure on prices, drives innovation, empowers consumers, and enhances accountability — all while reducing exposure to unnecessary utility risks.
“While the letter grades provide a benchmark, the scorecard’s true value lies in identifying where states may be underperforming and how they can learn from one another to deliver better outcomes for electric customers.
“R Street has produced a valuable resource with this scorecard, especially at a time when state leaders are attempting to address energy affordability and reliability concerns. We believe it is in the best interest of state leaders to work toward enhancing electricity competition while improving consumer benefits –– and ultimately reaching A+ status.“
The R Street Institute’s State-By-State Scorecard on Electricity Competition can be found here.
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