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:
“Prudence and justice tell me that in electricity and steam there is more love for man than in chastity and abstinence from meat.”
—Anton Pavlovich Chekhov (1860–1904)
“But the nomads were the terror of all those whom the soil or the advantages of the market had induced to build towns. Agriculture therefore was a religious injunction, because of the perils of the state from nomadism.”
—Ralph Waldo Emerson (1803–1882)
“Undoubtedly if we were to reform this outward life truly and thoroughly, we should find no duty of the inner omitted. It would be employment for our whole nature.... But a moral reform must take place first, and then the necessity of the other will be superseded, and we shall sail and plow by its force alone.”
—Henry David Thoreau (1817–1862)