By Futurist Thomas Frey
You can’t choose your electric company. In most of America, one utility has exclusive rights to serve your area. You can’t shop around, can’t negotiate rates, and can’t switch providers if you’re dissatisfied. This monopoly is government-sanctioned, supposedly justified because utilities are “natural monopolies” where competition would be inefficient.
The bargain was simple: utilities get guaranteed monopoly status, and in exchange, they accept rate regulation and service obligations. Regulators would ensure fair pricing, adequate investment, and reliable service. Customers would get stable, affordable power without the chaos of competing infrastructure.
That was the theory. AI analysis of how utilities actually operate reveals something very different: a system where monopoly protection removes competitive pressure, where regulatory capture ensures favorable treatment, and where customers pay far more than necessary for service quality that lags behind what competitive markets deliver elsewhere.
The awakening in energy and utilities isn’t about whether we need electricity and water—we obviously do. It’s about revealing that the regulatory monopoly model has evolved into a mechanism for guaranteed profits with minimal accountability, where inefficiency gets rewarded and innovation gets resisted.
Continue reading… “The Awakening Series Part 9: Energy and Utilities—The Regulated Monopoly Inefficiency”
