Electricity market

Electricity markets are being developed as a result of the deregulation of electricity utilities around the world. The process began in 1990 when the UK Government under Margaret Thatcher privatised the UK Electricity Supply Industry in England and Wales. The process followed by the British has been followed in other countries. The institutions and market designs may differ but the underlying concepts are the same. These are: separate the contestable functions of generation and retail from the natural monopoly functions of transmission and distribution; and establish a wholesale electricity market for electricity generation and a retail electricity market for electricity retailing.

Related Topics:
Deregulation - Electricity utilities - 1990 - UK Government - Margaret Thatcher - Privatise - UK Electricity Supply Industry - England - Wales - Generation - Retail - Natural monopoly - Transmission - Distribution

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