Friday, December 17, 2010
Post 5: One monopoly I would like to see broken up
I would like to see the PSEG monopoly broken up. Currently there is only one company that my family and friends can get electricity from, and that's PSEG. I believe that my friends and family will greatly benefit from this monopoly breaking up. PSEG can charge whatever they please because people have to go to them if they want electricity. If broken up, prices will lower which will benefit the consumers (my friends and family). I believe lower prices for electricity are necessary for consumers given the current state of the economy.