|
|
|
|
|
UBS: Retail Trend is Towards More Re-Regulation; Not Further Deregulation The trend in the retail electric sector is, "towards re-regulation; not further de-regulation," Julien Dumoulin-Smith said in a note to UBS Investment Research clients.
Dumoulin-Smith is executive director for UBS' US Electric Utilities & IPPs Group.
"We think the trend is towards re-regulation; not further de-regulation," Dumoulin-Smith said in the research note titled "Evaluating the Competitive Landscape."
"Retail growth is likely limited to existing markets," Dumoulin-Smith said.
"While talk of 'expanding' retail opportunities to market has persisted since initial re-entrenchment in a decade ago, we see little palatability of increasing 'caps' on switching in Michigan, California, alongside a host of other potential markets," the research note said.
"Additionally, we believe the short tenor of retail contracting for energy (typically only up to 1-year) will only reiterate the need for underlying capacity constructs to provide revenue visibility and fuel diversity across the grid desired by power generators and regulators alike," Dumoulin-Smith said in the research note.
UBS' research note also cites the potential for New England and New York to essentially re-regulate new build generation through state-sponsored procurements akin to California (see related story today)
ADVERTISEMENT Search for more retail energy careers: Copyright 2010-
April 30, 2013
Email This Story
Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Regulatory Counsel -- Retail Supplier
• NEW! -- Sr. Energy Manager -- Texas
• NEW! -- Corporate Counsel
• Energy Advisor -- Ohio / Various
RetailEnergyJobs.com
|
|
|
|
|