As the article says, > Deregulated markets, which might be better described as “differently regulated” markets, separate these concerns. Independent power prod

As the article says, > Deregulated markets, which might be better described as “differently regulated” markets, separate these concerns. Independent power producers (generators) build and sell electricity wholesale to Retail Electric Providers (REPs), who sell to households, while utilities manage the transmission and infrastructure. On the face of it this makes sense to me. Deregulation doesn't mean there are no regulations at all. It means we split up a monolithic entity into different parts that can each be subject to competitive forces and be regulated differently.