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State regulators oversee utilities on a "stand-alone basis" and set electricity rates accordingly.
And because natural gas can easily be substituted for coal or nuclear, it tends to set electricity prices.
What is more, power companies are allowed to set electricity rates according to a complex system that includes a vast range of often unclear expenses.
Much more private money would be forthcoming for such projects if public institutions, including the regulatory bodies that set electricity and water prices and road tolls, were reformed and freed from political interference.
Industry sources say that the energy regulator, Ofgem, is in principle in favour of the move, which would wipe out one of the central planks in the privatisation of the energy markets: allowing companies to independently set electricity prices.
Instead of directly condemning the foreign companies, Bulgaria's government heaped the blame on to the National Commission of Electrical and Water Regulation, which is supposed to keep an eye on the providers and use their data to set electricity prices.
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It hopes soon to stop setting electricity and gas prices too.However, it has been less successful in getting rid of its extensive industrial and financial holdings.
The Public Service Commission agreed on Tuesday to reduce the rates residents of Westchester County pay for electricity, ending a three-year battle between local officials and the state commission that sets electricity rates.
The head of the independent board that sets electricity rates in Maryland exchanged a series of candid e-mails with a Pepco lawyer last year in which he describes his decision to fire five senior staff members as giving a "lobotomy" to his agency.
The AMI sets electricity usage amounts and discerns each user's usage patterns based on the usage data from each household.
"As a country, we are consuming more natural gas than we are finding," says Sempra Chief Don Felsinger, adding that more infrastructure will help lower the cost of the fuel that typically sets electricity prices.
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