Len Gould says:
I agree with Mr. Vanderhorst-Silverio that advanced metering can provide a true market in electricity if combined with open access for all to an electronic central market of offers from generators, and provided all generation, including the smallest residential CHP or etc. generating equipment can participate fairly in that market without exhorbitant connection fees or standby fees etc.
Distribution should be compensated a flat rate based on amortization of capital invested + O&M (or perhaps max. service load capacity), regardless of customer consumption.
One interesting possibility at
http://www.energypulse.net/centers/article/article_display.cfm?a_id=1176
http://www.energypulse.net/centers/article/article_display.cfm?a_id=1181
With this in place, then feel free to completely remove all regulation.
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