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).
Read more about this topic: Electric Power Distribution
Famous quotes containing the words distribution and/or industry:
“The man who pretends that the distribution of income in this country reflects the distribution of ability or character is an ignoramus. The man who says that it could by any possible political device be made to do so is an unpractical visionary. But the man who says that it ought to do so is something worse than an ignoramous and more disastrous than a visionary: he is, in the profoundest Scriptural sense of the word, a fool.”
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