Electricity Restructuring: Key Challenges Remain
Article from: OGEL 1 (2006), in Electricity Law and Regulation
Highlights of this Study (by Government Accountability Office, United States)
Over the past 13 years, the federal government has taken a variety of steps to restructure the electricity industry with the goal of increasing competition in wholesale markets and thereby increasing benefits to consumers, including lower electricity prices and access to a wider array of retail services. In particular, the federal government has changed (1) how electricity is priced-shifting from prices set by regulators to prices determined by markets; (2) how electricity is supplied-including the addition of new entities that sell electricity; (3) the role of electricity ...