Contrary to conventional wisdom, deregulation has lowered electric power prices for the majority of consumers compared with costs under traditional regulation. The majority of US consumers have paid less for electricity since the onset of power system deregulation in 1997, achieving total savings of about $34 billion relative to the costs if traditional regulation had continued.

This Executive Summary of the CERA Multiclient Study Beyond the Crossroads: The Future Direction of Power Industry Restructuring examines the impact on the industry of this misperception and offers a "grading" of the deregulation efforts in the United States over the past decade. The report offers clear insight into the key issues, analyses of each sector of the value chain affected, and strategic input into the ongoing policy dialogue on US electric power deregulation.

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CERA Reports Online, a wholly owned subsidiary of IHS Energy, is a leading advisor to international energy companies, governments, financial institutions, and technology providers. CERA delivers critical knowledge and independent analysis on energy markets, geopolitics, industry trends, and strategy. CERA's expertise covers all major energy sectors--oil and refined products, natural gas, and electric power--on a global and regional basis.