Axel Postinetti from Texas on the dangerous deregulation of the electricity market and exorbitant electricity prices

“What concerns consumer advocates and politicians is the realization that the energy industry in Texas, thanks to minimal regulation and new “flexible” electricity contracts, was actually able to establish a system in which the end consumers always have to bear all the consequences and costs alone. Even costs for mistakes and omissions of the industry that it has brought about itself.”

– Axel Postinetti in “Fear of a new blackout – Deaths, cities without electricity, shut down industries: In Texas, the trauma of last winter’s chaos runs deep. It is a frightening lesson from the deregulation of the electricity market. Now the government wants to intervene.”, Handelsblatt, January 27, 2022, No. 19

More quotes