Electric Restructuring: Current Successes and Future Technological Innovation
By Nat Treadway
The Energy Retailer Research Consortium ERRC) is an independent research consortium that supports retail energy choice. Each year, the ERRC issues the Annual Baseline Assessment of Choice in Canada and the United States (ABACCUS), a report about the status of retail electricity competition in North America. The ABACCUS report identifies the successful markets and examines the policy choices that led to those successes.
Members of the general public, who do not follow electric markets closely, are frequently surprised to learn about electric industry successes. Most people recall the California-Enron energy crisis of 2000–2001 and believe that electric industry deregulation was a failure. This mistaken viewpoint reveals a lot about the news cycle: spectacular failures make news, while quiet successes are not covered.
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