DEREGULATION OF THE U.S. ELECTRIC UTILITY INDUSTRY

다국어 초록 (Multilingual Abstract)

In 1978, the U.S. Congress passed the public Utility Regulatory Policies Act (PURPA) that would end the monopoly of electric generation by the electric utilities. It allowed competition in the electric generation market by introducing the non-utility independent power producers (or qualifying facilities).
In 1992, the National Energy policy Act addresed all major elements of mational energy supply and use. It marked the end of a highly regulated and structured period for electric utilites by changing federal policies governing the generation and sale of electric power in the wholesale marketplace. since then despite doubts about whether the electric utility industry should be deregulated or not, the deregulation process has accelerated and is moving fast toward wholesale and retail competitions. This paper gives an overview of the deregulation process of eletric utilty ondustry in the U.S and discusses problems amd questions associated with it.