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The power industry is moving rapidly from regulated conventional setup to a deregulated environment. There is an urgent need to keep a track of international experiences and activities taking place in this emerging field. This paper gives a bibliographical survey and general backgrounds of research and development in the field of power system wheeling under deregulated environment based on over 170 published articles. Wheeling in general and the establishment of wheeling rate in particular, are subjects of extensive debate today. This will be very much useful for all countries, especially those developing countries which are moving toward the unbundling of electricity supply industry (ESI). The collected literature have been divided into many section, so that new researchers do not face any difficulty for obtaining literature particularly in the area of wheeling of power under deregulated environment.