Summary of Electric Restructuring History Whitepaper
Electric Restructuring in New England – A Look Back
Abstract of white paper released by NESCOE in December 2015
Available in full at http://nescoe.com/resource-center/restructuring-dec2015/.
Why Restructure?
In the 1990s, during a period when competitive wholesale power markets were evolving at the federal level, at least half the US states, mostly those with higher-than-national average retail rates, began investigating the potential benefits of opening their retail markets to competition. California, New York, and New England were early leaders in the exploration, although by the late 1990s, the majority of US states, even those with electric rates close to or even below the national average, were also considering the beneficial prospects of deregulating their retail supply markets, particularly given seemingly unrelenting rate increases over the previous few decades.
