Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
How Electricity Deregulation Reshaped Productivity
In this episode of The Productivity Podcast, Lucas and Luna explore how the deregulation of electricity markets in the 1990s and 2000s—particularly in the United States and Europe—spurred productivity gains in power generation and across the broader economy. They examine the specific case of the United Kingdom's 1990 privatization and the introduction of competition, which led to a 25 percent reduction in operating costs at power stations and a 60 percent drop in electricity prices for large industrial users. The hosts also discuss the challenges of competitive markets for grid…
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