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:
“The question for the country now is how to secure a more equal distribution of property among the people. There can be no republican institutions with vast masses of property permanently in a few hands, and large masses of voters without property.... Let no man get by inheritance, or by will, more than will produce at four per cent interest an income ... of fifteen thousand dollars] per year, or an estate of five hundred thousand dollars.”
—Rutherford Birchard Hayes (1822–1893)
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