The Reed Consulting Group has released a study, which predicts that in 10 years, no more than six major companies will dominate the Northeast power market in each of the generation, wires and energy services industries.
The study also said the transition to competition primarily would affect generation and energy marketing.
On the Brink of Competition: RCG's Guide to the Northeast Power Market finds that New England and New York are setting the pace for the nation on power and fuel markets convergence.
"The Northeast market is ripe for significant development of new merchant power plants, subject to alleviation of gas pipeline capacity constraints," the study said. "Participants from outside the region will be interested in gaining access to the Northeast market, but electric transmission constraints in the region could inhibit the market's competitive benefits in the short-term."
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