How should utilities adjust to the coming deregulated environment?
A utility`s success in prospering in the changing industry environment will depend on its understanding of the nature and timing of external change. To the extent that a utility can organize its management structure to reflect both regulated and competitive environments, and the role of each in the transition, it should have a good chance at success. The utility environment today is in a remarkable state of structural upheaval. New parties at the table - non-utility developers and large customers - are calling for abandonment of the ancient regulatory compact: sheltered monopoly markets in return for universal utility service and regulated profits. Many customers and the better-prepared competitors are demanding deregulation now. Just as it transformed the airline, long distance telephone and natural gas industries, today`s call for a market-based, largely unregulated power supply industry seems likely to turn the power generation sector, where the bulk of the industry`s investment is found, into a wholly new structure, in which there will be winners and losers-and none of the security of the past.
- OSTI ID:
- 457696
- Journal Information:
- Electricity Journal, Journal Name: Electricity Journal Journal Issue: 3 Vol. 9; ISSN ELEJE4; ISSN 1040-6190
- Country of Publication:
- United States
- Language:
- English
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