# Generation company

> Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Generation_company
> Markdown URL: https://mediated.wiki/source/Generation_company.md
> Source: https://en.wikipedia.org/wiki/Generation_company
> Source revision: 1327720433
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

'''Generation companies''' (often abbreviated as '''GenCos''' or '''GENCOs''') are entities within the deregulated electric power industry that own and operate power plants.{{sfn|David|Wen|2001|p=175}} In a restructured power system, these companies compete to sell the electricity they produce, typically operating as independent entities distinct from [transmission](/source/Electricity_transmission) (performed by [transmission owner](/source/transmission_owner)s, TO) and [distribution](/source/Electricity_distribution) (done by [DISCOs](/source/DISCOs) also known as DISTCOs) functions.{{sfn|David|Wen|2001|p=175}} While the GenCo might not own the generation equipment it uses, the term '''generator owner''' ('''GO''') is frequently used as a synonym.{{sfn|Olson|Rassenti|Smith|2008|p=}}

Following the [deregulation of the power industry](/source/deregulation_of_the_power_industry), the traditional [vertically integrated](/source/vertically_integrated) utility structure was [unbundled](/source/Unbundling) to foster competition.{{sfn|Kennedy|2000|p=16}} This restructuring process separated the generation of electricity from its delivery, allowing generation companies to compete for customers in an open [electricity market](/source/electricity_market).{{sfn|Kennedy|2000|p=16}}

== References ==
{{reflist}}

== Sources ==
* {{cite book |last1=David |first1=A. K. |last2=Wen |first2=Fushuan |editor-last=Lai |editor-first=Loi Lei |title=Power System Restructuring and Deregulation: Trading, Performance and Information Technology |chapter=Transmission Open Access |publisher=John Wiley & Sons |year=2001 |pages=172–217 |isbn=978-0-471-49500-0 | chapter-url=https://books.google.com/books?id=FwtNfInjUzkC&pg=PA175}}
* {{cite book |last=Kennedy |first=Barry W. |title=Power Quality Primer |publisher=McGraw-Hill Professional |year=2000 |isbn=978-0-07-136284-9| url=https://books.google.com/books?id=AmGo6Vc0a2YC&pg=PA16}}
* {{cite book |last1=Olson |first1=Mark A. |last2=Rassenti |first2=Stephen |last3=Smith |first3=Vernon L. |editor1-last=Plott |editor1-first=Charles R. |editor2-last=Smith |editor2-first=Vernon L. |title=Handbook of Experimental Economics Results |volume=1 |chapter=Chapter 73: Energy, Reserve and Adjustment Market Behavior With Industry Network, Demand and Generator Parameters |publisher=Elsevier |year=2008 |pages=681–699 |isbn=978-0-444-82642-8 |doi=10.1016/S1574-0722(07)00073-X |chapter-url=https://www.sciencedirect.com/science/article/pii/S157407220700073X}}

Category:Electric power
Category:Energy economics
Category:Electricity markets

{{electric-stub}}

---
Adapted from the Wikipedia article [Generation company](https://en.wikipedia.org/wiki/Generation_company) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Generation_company?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.