|Date:||January 24, 2013|
|Length:||13 / 3876|
|No of views:||0|
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The company has revenues of approximately $3 billion and assets of $7.6 billion. NSTAR’s top competition is Energy East Corporation, National Grid, and Northeast Utilities. The company had a successful year in 2005, despite facing the challenge of buying reliable supplies of electricity for their customers in a market where energy prices have almost doubled over the years...
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While it appears that NSTAR operates as a monopoly due to the combination of customers having to pay prices that NSTAR sets and the fact that NSTAR largely controls the supply, it actually is in an oligopoly dominated by a few number of firms with very high barriers to entry.
NSTAR, being a giant firmament, responded to energy deregulation in Massachusetts by cutting its rates and selling most of its regulated electric generating assets...
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