Abstract
After 1998, Britain's regional electricity companies (REC) will be `regional' no longer. They may also stop being primarily `electricity companies'. The author looks at the implications of the end of regional franchises for electricity supply. The author discusses the REC business and the technologies available to the RECs to enable them to become more flexible in managing demand to meet supply capability. The author also discusses investment opportunities for the RECs and product differentiation. The author also discusses how the RECs may supply more then just electricity as they diversify into gas, heat, water, telecoms, waste disposal and TV services.
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