Does every us citizen have a right to free electricity

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Assignment:

What market based solutions would you recommend. You also did not mention if you believe electricity to be a public good or a private good. Does every U.S. citizen have a right to free electricity? What would happen then if that free electricity was not produced and a hospital with 10 critical patients were lost? Understanding the forces at play in the current market system is really important. Electricity is not free and we can't just put someone in jail because they scheduled some maintenance at an inopportune time.

This is where pay for performance comes into play. We (the P.U.C.) will pay you to be on standby and generate power when we call. If you are not able we will then send you a stiff penalty. Nothing will incentivise a corporation like loss of guaranteed revenue. In any market based system any and all taxes, fees, costs whatever it is will always be shuddered to the consumer. The trick is to get the numbers right so that when it does happen that cost gets spread out over millions of people and we really won't notice it.

Reference no: EM133918528

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