Electricity Market Reform
Some regulators regard electric transmission to be a natural monopoly and there are moves in many countries to separately regulate transmission (see electricity market).
Spain was the first country to establish a regional transmission organization. In that country transmission operations and market operations are controlled by separate companies. The transmission system operator is Red Eléctrica de España (REE) and the wholesale electricity market operator is Operador del Mercado Ibérico de Energía – Polo Español, S.A. (OMEL) . Spain's transmission system is interconnected with those of France, Portugal, and Morocco.
In the United States and parts of Canada, electrical transmission companies operate independently of generation and distribution companies.
Read more about this topic: Electric Power Transmission
Famous quotes containing the words electricity, market and/or reform:
“There are two great unknown forces to-day, electricity and woman, but men can reckon much better on electricity than they can on woman.”
—Josephine K. Henry, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 15, by Susan B. Anthony and Ida Husted Harper (1902)
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—Ralph Waldo Emerson (1803–1882)
“When I go into a museum and see the mummies wrapped in their linen bandages, I see that the lives of men began to need reform as long ago as when they walked the earth. I come out into the streets, and meet men who declare that the time is near at hand for the redemption of the race. But as men lived in Thebes, so do they live in Dunstable today.”
—Henry David Thoreau (1817–1862)