(Solved): 1.1. Determine the electricity market structure that exists in one of the regions in the US (e. ...

1.1. Determine the electricity market structure that exists in one of the regions in the US (e.g., ERCOT, CAISO, PJM, MISO, etc. regions) and any other region/country outside of the US. Discuss any differences that you observe between the traditional model and the electricity market implementation in these regions. Discuss in terms of ownership (private $$\mathrm{v}/\mathrm{s}$$ public) and level of vertical integration (None, certain, or all) for the different functions in the electrical supply of electricity: generating plants, transmission networks, and distribution networks. Also, identify the organizations that fulfill the functions of market operator and system operator in these areas. $$???????)$$ Electricity flow within a company Fig. Traditional Vertically Integrated Utility Model 1.2. Identify policies that have been implemented to promote the development of renewable energy sources in the areas that you chose.