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Confidence in deregulation falls. (News).
The results of a Cap Gemini Ernst & Young (CGEY) survey show mixed messages about the success of deregulation. In contrast to the very strong global endorsement CGEY found in 2001, overall, less than 30% of responses were more positive about events in the last year and over 40% are now less positive.
The main factors behind the positive assessments were continued progress with deregulation in some markets, and more globally, the fact that the industry survived Enron's collapse. Despite the commercial disruption, the physical flows of gas and power continued. Amongst the negative comments, continued interventions in markets by government and regulators, and a loss of confidence and liquidity in wholesale markets were recurrent themes. There is also concern that industry ...
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