Theodore Bolema is an adjunct scholar with the Mackinac Center for Public Policy and senior policy editor with the Mercatus Center at George Mason University. Previously he was a principal with Anderson Economic Group, LLC, an economics consulting firm, and was a professor of finance and business law at Central Michigan University.
Bolema worked as an attorney with Weil, Gotshal & Manges, LLP in New York and with the Antitrust Division of the U.S. Department of Justice. He has taught at the George Mason University School of Law, Wayne State University and Michigan State University. He also served as a policy advisor to the Office of Policy, Planning and Analysis of the U.S. Department of Energy.
A native of Michigan, Bolema received his Ph.D. in economics from Michigan State University and his J.D. from the University of Michigan Law School. He graduated from Hope College in Holland, Mich. with a B.A. in math and economics.
He has been cited on regulatory law and economics topics in numerous publications including The Washington Post, Chicago Tribune, The Detroit News, Politico and the Los Angeles Business Journal.
From Dr. Theodore Bolema
Electricity Choice Policies in Michigan: Comment on "Readying Michigan to Make Good Energy Decisions: Electric Choice"
Between the years 2000 and 2012 two distinct changes emerged. Between 2000 and 2008 new suppliers were allowed to start entering the Michigan market and competing with incumbent utilities. Between 2008 and 2012 competition was restricted to guarantee a 90 percent market share for the largest utilities. The analysis of these two periods suggests that market competition tends to bring innovation and lower prices to Michigan electricity consumers, while monopolistic policies tend to raise prices. Michigan should once again embrace opening its electricity market to more entrants to see if they can perform better than the incumbent firms, which will drive down prices for electricity consumers. Michigan allowed such competition to start to emerge during its brief era of Full Customer Choice, and the early results were promising. The initial results from a more tightly regulated and protectionist experiment have been by contrast disappointing.
A video recording of the January 22, 2014 Issues and Ideas Forum featuring the author discussing the topic of expanding the electricity market can be viewed here. … more