Definition of Electric industry restructuring

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TeachMeFinance.com - explain Electric industry restructuring



Electric industry restructuring

The term 'Electric industry restructuring' as it applies to the area of energy can be defined as ' The process of replacing a monopolistic system of electric utility suppliers with competing sellers, allowing individual retail customers to choose their supplier but still receive delivery over the power lines of the local utility. It includes the reconfiguration of vertically-integrated electric utilities'.

Previous 5 Terms:
Electric expenses
Electric generation industry
Electric generator
Electric hybrid vehicle
Electric industry reregulation
Next 5 Terms:
Electric motor vehicle
Electric non-utility
Electric operating expenses
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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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