Competition has been introduced in many forms into the electric power sector in the United States and around the world. Throughout the United States, every transmission system offers access to other power generators, and wholesale power marketers and generating companies can trade bulk power at market rates. Seven Regional Transmission Organizations (RTOs) or Independent System Operators (ISOs) have been formed that operate centralized bulk power markets,and in many cases, the states within these regions have enabled retail competition, allowing customers to choose their electricity supplier at market-determined prices.

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Generation Cost Savings From Day 1 and Day 2 RTO Market Designs