The production and distribution of electricity

The electric power industry covers the generation, transmission, distribution and sale of electric power to the general public and industry. The commercial distribution of electric power started in 1882 when electricity was produced for electric lighting. In the 1880s and 1890s, growing economic and safety concerns lead to the regulation of the industry. Once an expensive novelty limited to the most densely populated areas, reliable and economical electric power has become an essential aspect for normal operation of all elements of developed economies.

Articles

California LP targets utility taxes with "Operation Energy Tax Revolt", Libertarian Party News, Jan 2002
"Over the past year, the state legislature has sent energy prices soaring by piling regulations on energy companies in the wake of California's electricity crisis ... 'We don't believe local governments should benefit monetarily because of state government regulations that drive up prices for consumers,' said Starr ..."
Central Planning of Electricity Must Fail, by Sheldon Richman, 20 Aug 2003
Explains why deregulation (or the "free market") was not responsible for the Northeastern U.S. blackout of 2003
"California, the land of alleged power deregulation, is often used to indict free markets. There the authorities froze retail electricity prices even when wholesale prices were rising. (Other stifling regulations were also imposed on every stage of the industry.) ... When higher demand would have raised prices, signaling to end-users that they should conserve, government price controls kept those users from getting the message. Demand continued to rise, squeezing utilities, whose prices were not capped, until a crisis hit."
The Experimental Economist: Nobel laureate Vernon Smith takes markets places they've never been before, by Vernon L. Smith, Nick Gillespie, Michael W. Lynch, Reason, 9 Oct 2002
Topics discussed include law (discovered vs. formally made), experimental economics, electric power, demand-interrupt pricing, airport landing and takeoff slots, NASA missions, libertarianism and economics
"Let's say you're creating a market for wholesale electricity. You have buyers and sellers of power at different nodes in an electric power network. People put in location-specific asking prices to sell power; they've got to be location-specific because power grids leak, and depending on where you are on the network, your costs will be different. ... A computer essentially takes all the asks, all the bids, and all the location costs and it maximizes the gains from trade. ... We did experiments for this sort of system in Australia in 1993 and again in '96. ... Australia ended up deregulating its electric power industry ..."
The Right Way to Fix The Grid, by Jerry Taylor, Peter Van Doren, New York Post, 19 Aug 2003

The introductory paragraph uses material from the Wikipedia article "Electric power industry" as of 11 Oct 2018, which is released under the Creative Commons Attribution-Share-Alike License 3.0.