The electricity industry restructuring is the results of transaction cost decrease, but how to restructure should consider the transaction cost influence.

电力重组得以发生正是交易费用降低的结果，但是如何进行重组又必须考虑到交易费用的影响。

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The restructuring of the electricity industry was an extraordinary achievement that became the template for restructuring utilities around the world.

ECONOMIST: The law and competition