ABSTRACT
Globally, more than 1.6 billion electricity meters are installed at end-use locations, measuring usage information that provides the global electric utility industry with revenues of more than one trillion dollars annually. As airline deregulation had driven down prices in the 1980s, it was believed that the price of electricity to the end user would go down if the price of generation to the electric delivery company was determined by a free market. In the PJM market and in Texas, for example, deregulation has been considered a very real success. While many utilities continue to operate in open wholesale and retail markets, the Enron debacle is still fresh in enough people's minds to dampen any enthusiasm for expanding deregulation further. Globally, more than 1.6 billion electricity meters are installed at end-use locations, measuring usage information that provides the global electric utility industry with revenues of more than 1 trillion dollars annually.
