textbooks, a cheap source of just about any energy service
that end-users conjure up or have suggested to them.
Currently, however, there are growing pressures for change.
One source for these was the wave of electricity industry
restructuring across many countries in the 1990s centering
upon the introduction of competition into electricity markets.
The explicit principles behind the introduction of competitive
electricity markets, and the associated corporatization, or
privatization, of previously government-owned or regulated
private monopoly industry participants, included improved
efficiency and innovation, as well as improved customer
choice. Outcomes to date have been mixed, and meanwhile,
other, arguably more pressing, drivers for change have
emerged. These include seemingly endless demand growth,
growing energy security concerns (particularly with respect to
the ongoing supply of fossil-fuel primary energy resources),
and climate change. These are discussed in the section
“Pressures for Change: Rising Demand, Energy Security, and
Climate Change” of this chapter.
There is a promising range of existing and emerging
technologies capable of helping address these challenges,
with some that fit well within current centralized supply style
arrangements. Many of the most promising options, however,
center upon distributed energy options, including energy
efficiency and demand management arrangements. These
latter can help reduce demand growth, thereby improving
energy security and reducing emissions. However, utilizing
their full potential will almost certainly require a very
different relationship between end-users and the electricity
industry from that established historically. Here lies the
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