Proponents of a statewide initiative that would bring electricity competition to Florida and allow consumers to choose their own suppliers enjoyed a significant victory earlier today.
A panel of state’s economists called the Financial Impact Estimating Conference (FIEC) rejected the investor-owned utilities’ arguments against energy choice and will not oppose the initiative. The FIEC found that “because it [energy choice] is subject to The legislative implementation, the final design of the restructured system is unknowable at this time.”
The FIEC is part of the Office of Economic and Demographic Research (EDR), a research arm of the Legislature principally concerned with forecasting economic and social trends that affect policy making.
The initiative, which is backed by the political committee Citizens for Energy Choices, calls for wholesale and retail electricity markets to “be fully competitive so that electricity customers are afforded meaningful choices” among multiple electricity providers. [full article]