[The blackout]

What implications will the recent blackout in the East of the USA have for…

a) …the worldwide deregulation debate? I hope to see a non-dogmatic discussion centering around what kind of investment the sector needs and what regulatory design will help achieve it the most efficiently.

b) …the ongoing “reform” of the Russian electricity sector? Probably none at all. Proponents of each reform (or non-reform) scenario will reference the blackout as a colorful extra argument in support of their position. A few academic and semi-academic pieces will appear in the next 6 months or so. That’s it.

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