The Evolution of US Competitive Retail Electricity Markets
Young Kim, Former Associate Director, Retail Markets at DNV KEMA Energy & Sustainability
One of the main reasons for restructuring electricity markets in the United States in the mid- to late 1990s was to give customers a choice. It was generally believed that the transmission and distribution of electricity was a natural monopoly, which required regulation, but the generation/supply of electricity should be deregulated and competitive. The states that were most willing to go down this path of restructuring the vertically integrated electric utilities were the ones that faced higher prices. One of the benefits of restructuring, early retail ...