Wholesale Electricity Markets: An Industry Game Changer

Two things happened 20 years ago that changed the electricity industry forever: the introduction of wholesale competition and the rising use of the Internet. For the New England region of the United States, this combination has led to unprecedented growth, innovation, and even excitement about the next chapter of this once-monolithic industry. When you compare New England's electric power system in the 1990s with today's power grid, the contrast is striking. Virtually every aspect of the region's power grid has changed-from the retirement of older, less efficient generation types, to the introduction of new, highly efficient technologies, and even from how electricity is bought and sold to how we use it.