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Restructuring in Retrospect, 2001

This report provides policymakers with guidance as they examine past and future restructuring efforts and seek to determine how competitive markets can be of benefit to customers. Industrial and larger commercial customers may benefit from competitive markets, while residential and small commercial customers may not benefit unless legislators focus specifically on their needs. But it also has become evident that even the largest customers will save money only if the wholesale market functions smoothly. State policymakers have at their disposal numerous options that may enable both retail and wholesale power markets, but even five years into the experiment, it has yet to be determined which state policies will be most effective