Energy markets and responsive grids5/11/2023 ![]() ![]() However, following a series of failures in the early 2000s, several states reconsidered or scaled back these ambitious shifts in regulatory approach. The move toward competitive wholesale electricity and the restructuring of the power sector began in the 1990s. The intent is that the improved efficiencies and wholesale prices, in turn, will lead to lower retail prices and customer savings. The promise of competitive electricity generation is that economic efficiencies in the transmission and dispatch of generating resources will lead to lower prices than are possible under the traditional cost-of-service regulatory model. Policymakers in the United States have demonstrated a renewed interest in electricity markets in recent years.
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