The electric power industry is the generation, transmission, distribution and sale of electric power to the general public. The electrical industry started with introduction of electric lighting in 1882. Throughout the 1880s and 1890s, growing economic and safety concerns lead to the regulation of the industry. Once an expensive novelty limited to the most densely populated areas, reliable and economical electric power has become a requirement for normal operation of all elements of developed economies.
By the middle of the 20th century, electric power was seen as a "natural monopoly", only efficient if a restricted number of organizations participated in the market; in some areas, vertically-integrated companies provides all stages from generation to retail, and only governmental supervision regulated the rate of return and cost structure.
Since the 1990s, many regions have opened up the generation and distribution of electric power to provide a more competitive electricity market. While such markets can be abusively manipulated with consequent adverse price and reliability impact to consumers, generally competitive production of electrical energy leads to worthwhile improvements in efficiency. However, transmission and distribution are harder problems since returns on investment are not as easy to find.
An electrician is a tradesperson specializing in electrical wiring of buildings, stationary machines. and related equipment. Electricians may be employed in the installation of new electrical components or the maintenance and repair of existing electrical infrastructure. Electricians may also specialize in wiring ships, airplanes, and other mobile platforms, as well as data and cable.
Many jurisdictions have regulatory restrictions concerning electrical work for safety reasons due to the many hazards of working with electricity. Such requirements may be testing, registration or licensing. Licensing requirements vary between jurisdictions.
What dangers lie in wait for an electrician?
Why do many people use the services of electricity while performing even simple repairs or replacement of components of electrical installations? This question can be answered in a very simple way - a lot of people afraid of any contact with the flow, because it can be extremely dangerous not only for health, but also for human life. Commonly known cases in which the electrician while performing their work was seriously injured and even died as a result of contact with electricity. On the other hand, many electricians have daily contact with electrical installations retains fewer and fewer safety work and then can easily lead to tragedy.