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)
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)
“All reform aims, in some one particular, to let the soul have its way through us; in other words, to engage us to obey.”
—Ralph Waldo Emerson (1803–1882)