Trading, Markets and Competition
Article from: OGEL 2 (2007), in Electricity Law and Regulation
Introduction
For almost a century, electricity was a mystery to most businesspersons, and best left to specialized government owned utilities, or quasi-monopolies in the private sector. There was no conception that electricity could be traded like any other commodity. Electricity trading and electricity markets are hardly 15 years old, having originated in the United Kingdom and made a name because of the push that was given to it by Enron and other American utility companies. In India, the Electricity Act, 2003, recognized trading in electricity as an activity by itself. However, ...