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Electricity industry comprises companies that transmit, distribute and supply electricity from power generators to distribution centers, utilities and final consumers to households, offices, stores and other commercial spaces. The transmission system basically consists of lines, poles, meters and wiring that deliver the electricity to final consumers. Electricity is transported from generators to substations through high voltage by transmission networks, and then on to end users at low voltage by the electricity distribution industry. The electricity industry is growing at a steady pace but the revenue has declines in the last five years, the revenue growth rate is slow and it is forecast to grow with the ongoing economic recovery. The major setbacks for growth were the economic instabilities and crisis which resulted in lowering of the prices and as companies across all industries ramped up their production and while it is ongoing, the demand for electricity is expected to rise at a good steady rate. The operators are expected to continue to benefit from federal stimulus funding for the development of a national smart grid and also for the improvement of the electricity grid. In addition, the legislation is expected to encourage the utility companies to invest in new infrastructure after several high publicized blackouts were reported in the last decade.

This industry's revenue is distributed according the way population is growing, how households are consuming electricity as well as business and manufacturers. Here, the primary drivers are high populated areas and regions in a country where the requirements and demands range from industrial and governmental purpose to households in a large output basis. But, regions with high population concentration typically have a relatively smaller share of industry establishments, as each establishment can more easily service a large number of customers.

Current Trends in Electricity Market

The electricity industry operates the high-voltage electricity network that links electricity generators to the distributors that supply low-voltage electricity to consumers. According to Caroline Finch, electricity is most efficiently carried at high voltage but most end users need lower voltage supply, so the industry carries all interstate electricity. The electricity industry's market share concentration is high and in the past and in the past it was even more with only one producer/ generator that supplied to most states. But lately in the twentieth century, it has changed rapidly as there are separate power generators, different and separate transmission and distribution firms and they split from single state governed entity.

In the last five years, until 2014, distributors of electricity are expect to expand to the scope of their activities and supply on a larger scale as the demand increases. The industry's revenue has increased at CAGR of 7.7% to the value of $27.5 billion, with growth of 5% or more that is forecast by the end of 2014. In the investment department, the last five years' network investment has increased to meet the increased demand that is in peak. The major demand factor and the factor that is driving this growth is the ever increasing presence of home appliances, electronic gadgets and devices, entertainment models and many other in households that in the lastÌý five years, the demand has expanded the theoretical volume of electricity the industry must be able to transport during peak demand events and occasions especially.

Major Electricity Industry Players

Major players in the electricity industry include Queensland Electricity Transmission Corporation, BESCOM, TransGrid, SP AusNet, Electricity Networks Corporation, ElectraNet and Transend Networks.