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Big private firms now generate and trade electricity there and look abroad for projects.
Integrating power grids and letting firms trade electricity internationally would be a big help.
"There won't be any going back to saying we won't trade electricity".
By 2006, all power plants were meant to be privatised, and buyers and sellers would trade electricity through a mix of long-term contracts and a "spot" market.
As an energy trading company's credit ratings erode, it becomes more expensive to trade electricity, because counterparties demand cash or collateral up front.
The PJM system, which is administered by an independent operator regulated by the federal government, allows the generators to trade electricity throughout the region.
Similar(45)
They traded electricity, running water and security for wild boar, rutting ibex and legends.
The notes suggest that Enron made large sums trading electricity in California.
Regulators intent on lowering electricity prices introduced a system in March of last year that set up a market for trading electricity.
Southern has acquired power companies in several other European countries and it trades electricity across the Continent.
The board accused the Uzans of transferring assets from two publicly traded electricity generators they controlled to their other businesses.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com