What kind of monopoly is fpl

In the U. However, as polarized as the country has become, there are some issues that transcend partisan politics. One of them is the value of a free trade system — few things get Americans as riled up as the perception that a company is monopolizing any industry.

Yet, in Florida — as in many states — the utilities have a monopoly on the energy market. The law allows only regulated power companies to distribute power. But a movement is afoot to end the energy monopoly in Florida. It enables them to increase rates nearly at will — seldom do state regulators deny their proposals to increase prices because state law provides them a guaranteed profit.

FPL Home Services share and use the regulated power company facilities, so there is less overhead. Local 10 News reached out to FPL, more than once, for someone to answer very specific questions and clear up any misinformation that may be out there. They refused an on camera interview. From time to time, FPL Home utilizes resources from other NextEra Energy family companies and compensates those entities for the use of such resources.

To suggest otherwise is simply wrong. Rodriguez says he and others are working on legislation to combat this issue. That is one of the biggest challenges we have. Legislation takes time though, and business owners that Local 10 News spoke to say they don't know how long they can take this jolt from the power giant. Nichols so that like the rest of the country, they can participate in fiscally sound initiatives, stave off the most definite rate hikes, gain energy independence, and lower their energy bills by creating their own energy supply.

Oh yeah, and they get all the tax breaks — just like GE has been in the news about recently. Now lets examine that for a second. It all gets down to this. Its a matter of choice. You can access the funds, and their upside benefits, or trust FPL to not raise your rates, but lower them. AWS Deloitte Genpact. Events Innovation Festival. Follow us:. By Ryan L.