Distribution Industry
Traditionally the electricity industry has been a publicly owned institution but starting in the 1970s nations began the process of deregulation and privatisation, leading to electricity markets. A major focus of these was the elimination of the former so called natural monopoly of generation, transmission, and distribution. As a consequence, electricity has become more of a commodity. The separation has also led to the development of new terminology to describe the business units (e.g., line company, wires business and network company).
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Famous quotes containing the words distribution and/or industry:
“There is the illusion of time, which is very deep; who has disposed of it? Mor come to the conviction that what seems the succession of thought is only the distribution of wholes into causal series.”
—Ralph Waldo Emerson (1803–1882)
“Your representative owes you, not his industry only, but his judgement; and he betrays instead of serving you if he sacrifices it to your opinion.”
—Edmund Burke (1729–1797)