Question

Some states have recently restructured (or are considering restructuring) their electricity industries to allow utilities to purchase wholesale electricity supplies from competitive electric generators in deregulated markets. What do you think has changed that allows state policy makers to consider deregulation?

Answer 1

Answer:

Innovative technologies brought about by competition in the industry that cannot be fostered by state owned electricity corporations or industry

Explanation:

power sector deregulation which allow for private owned power distribution companies are done for the purpose of encouraging competition in the power sector market by eliminating monopoly brought about by state owned power sectors. This consequently eliminates lethargy and inefficiency and non customer focused state owned sectors giving birth to competitive markets where private companies can compete on prices and deliver innovative technologies to solve power problems and satisfy consumers