Say fuel oil increase from $90 to $100 per Barril. 11% increase. What could one expect.
The problem with deregulation is that fuel prices are amplified into electricity prices. Expect more than 11% increase in electricity prices. Sometimes much more.
The problem with regulation is that fuel clauses transfer fuel prices. Expect an 11% increase.
EWPC mitigates fuel prices by introducing demand elasticity to the industry. Expect less than 11% increase. Sometimes much less.
So the message is "we need demand elasticity in the power industry."
As simple as that.