Please Blame the Deregulation and Regulation Fiascos Parte 42

It seems that Lens ends the series on May 20th:

Jose: In the model I propose, every transaction, (eg. supply of electricity, gas, etc. for an agreed time period) is contracted on a competetive basis, and I see no clear distinction defining a "Retail" transaction from a "Wholesale" transaction, eg. nobody cares whether you are buying for final consumption or for re-sale, and nobody cares whether you are buying 1 kwhr or 10,000 in a time interval, because (and this is critical) the transaction cost is so low as to be insignificant. Since the transaction cost itself is essentially zero (prepaid by the customers in the purchase of the meter included in the base connection monthly fee, eg $3.00 - $5.00 / month / meter) then a generator or exploration company can do just as well by selling 1 kwhr x 10,000 customers as they can selling 10,000 kwhr to one customer.

I concieve the "market manager" operating very similar to a banking transaction clearinghouse, but (and again this is critical) any point in the system where customers cannot be provided a choice of several cometeitive service providers for a required service must be managed in a way to deal with market power, eg. cost based regulation or etc. (this will certainly include operation of the regional central market software system, and pipes-and-wires local distribution).