Ideally, sure. But if I was being cynical, I'd point out that the prices paid for electricity are not even sufficient to maintain the electrical infrastructure

Ideally, sure. But if I was being cynical, I'd point out that the prices paid for electricity are not even sufficient to maintain the electrical infrastructure in CA - certainly not enough to stop the equipment from regularly starting fires. So something else (perhaps regulation on PG&E) is likely to be required.