× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
New Topic  
John Mavor John Mavor
wrote...
Posts: 10
Rep: 0 0
2 years ago
Enron was an infamous energy company in the US. Read this article https://www.theguardian.com/business/2005/feb/05/enron.usnews and use the Enron example to explain how deregulation helped profits in the Neoliberal SSA. (Enron is also the subject of the excellent film: Enron: The Smartest Guys in the Room)
Read 110 times
1 Reply

Related Topics

Replies
wrote...
Staff Member
2 years ago
Under deregulation, energy companies like Enron manipulated power supply, drove up prices and, forced rolling blackouts. Prior to deregulation, electricity was sold at a regulated price reflecting the cost of generating the power plus a reasonable profit for the power producer. Under deregulation, the market was supposed to take care of itself and, freed from government regulation, save consumers money, but it did the opposite.

Through deregulation, it allowed allowed middlemen to buy and sell electricity like a commodity in the free market. The attempt to create a market for the trading of this essential service developed out of the greed of power companies like Enron to profit off of. When a service as vital to society as electricity is left in the hands of unregulated companies like Enron, it becomes the subject of those companies' greed.
Ask another question, I may be able to help!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1139 People Browsing
 135 Signed Up Today
Related Images
  
 863
  
 133
  
 1210