It's really just bad luck. A lot of these rate caps are coming off at a time when gas prices are sky high. While this does raise questions about the design of the wholesale market, there's actually very little any one can do about it at this point.
More Quotes from Kenneth Rose:
Deregulation isn't working in the way that most people had hoped. Evidence that we're gathering -- at least as we had originally thought it would work -- is not bearing out from the customer perspective.Kenneth Rose
At best, at this point in time, no discernible overall benefit to retail consumers can be seen from restructuring.
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This is a very grim reminder of a stark era in American history when people were worried not just about another war but about the extinction of life on the planet.
Kenneth Rose
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