On January 11th, 2006, I posted the following message under the article The Potential for Residential Demand Response on Transmission and Distribution Assets:
Len, if every customer is not allowed to participate, then is not a switchboard. That is a centralized market. I see the problem in the central market.
The retailer might purchase part of his long run needs by contract with a plurality of suppliers - generators - and the remainder from the central spot market. The innovations come from competition not by imposition.
The customer contracts with the retailer not the provider. Should a retailer enter into a contract regardless of the provider’s price, its days are counted under competition. The IMEUC is a metering monopoly that is a barrier for retailer’s business design innovations.