Electricity Market Reforms

Electricity market reforms are changes made to how electricity is generated, traded, and managed to improve efficiency, affordability, and reliability. These reforms often involve introducing competition among electricity providers, allowing consumers to choose suppliers, and creating independent regulatory bodies to oversee fair pricing and quality standards. The goal is to encourage investment in cleaner and more efficient energy sources, reduce government control, and ensure a stable and affordable electricity supply for users. Essentially, it shifts the system from one dominated by government control to a more open, competitive marketplace aimed at better service and innovation.