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COMPETE coalition pushes for deregulated market in Wisconsin

Wisconsin's COMPETE coalition sent a letter to the state Public Service Commission urging it as well as the state's legislature and governor to draft energy deregulation laws that would end the current monopoly utilities have on the market.

The PSC will now receive responses from the public on the statutorily mandated Strategic Energy Assessment. Already, the commission has stated that energy rates "continue to increase across customer classes," which has limited Wisconsin residents' ability to save money on their energy bills.

"Many ratepayers have expressed their anger and frustration publicly and directly to the Commission about utilities raising rates during a time when they are using less in order to reduce their energy costs."

In its letter, COMPETE implored the commission to create a competitive retail energy market to lower costs and give residents the option to compare electricity plans. By doing so, customers can find an independent supplier that best meets their individual energy needs.

The demand for a competitive market in Wisconsin dates back to 1999, when Wisconsin Electric Power Company asked the PSC to create criteria for performance-based ratemaking.