Worth Reading: There is no free market for electricity

Worth Reading: There is no free market for electricity

Electricity is an input in virtually everything we do as a modern society. Few Americans remember what it was like to live without it and its attendant benefits on quality of life, labor productivity, and human health. Electricity is today largely taken for granted, yet for middle-class and older Americans utility bills often constitute a significant share of household expenses. In the manufacture of everything from aluminum to silicon to chemicals, electricity is usually the largest operating expense; for many other manufactured goods, it is second only to labor. —American Affairs