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What is electric restructuring or electric customer choice?

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What is electric restructuring or electric customer choice?

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Today your local electric company makes or purchases electricity and delivers it to your home or business. Electric restructuring is the process which permits customers to select providers of electric supply and distribution. Electric service is being unbundled into three components: (1) generation (electric supply — the production or purchase of electricity), (2) transmission (moving the electricity over power lines from the generation source to a local distribution system, also a supply component), and (3) distribution (the delivery of electricity to individual customers). Customers may elect to stay with their current electric company under rates regulated by the MPSC or move to alternate suppliers whose rates are determined by market forces.

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