Question
A well-known State deregulated the wholesale market for electricity in which its private utility companies purchased the extra power needed to make up for generation
A well-known State deregulated the wholesale market for electricity in which its private utility companies purchased the extra power needed to make up for generation capacity they lacked. However, the State did not also deregulate the retail rate consumers pay for the power usage.Unfortunately, the wholesale market price of electricity soared during the peak-demand, hot summer months.Thus utility companies faced bankruptcy because they could not pass the wholesale rate increases on to customers as retail rate increases.Since the State's power plants were already producing at their capacity (and capacity increases could not be undertaken for several years due to lengthy construction times), how might the States' private power plants use "rolling brownouts" to change the supply of power to the end user? The brownouts are planned power outages which ____________ the supply of power available to be consumed
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