Research on the Evolution of US Electricity Market Regulation
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Abstract
The evolution process of electricity market regulation in USA lasts for more than a century, which indicates that the regulatory system and the electricity market are mutually interacting with each other. Regulation and deregulation exist at the same time, and the regulatory rules keep making adjustments to the development of electricity market. On one hand, changes and developments of power industries bring challenges to the supervision, and then rules will be adjusted to the changes; on the other hand, new rules can guide the development of electricity market. This paper analyzed the evolution of American regulatory mechanisms of electricity market, which started in the 1920s and works till now. It also traced key events which brought about changes in the regulatory rules, discussed how the government designed the new rules, and showed what adjustments they made and their influences on the development of American electricity market.
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