The Galvin Electricity Initiative is calling for a new Smart Grid that embodies the following principles: 

Principle 1: Allow free, competitive retail markets for electricity service.

Principle 2: Enable municipalities to access and make investments in the grid infrastructure within their jurisdiction, and give them a say in how funds collected for improvements are spent.

Principle 3: Compensate utilities for reliability, efficiency and customer service, not just for the amount of electricity they sell.

Principle 4: Incent utilities to provide customers with time-of-use rates.

Principle 5: Pave the way for smart microgrids.

Principle 6: Require higher reliability standards for the electric grid.

Principle 7: Enact new energy efficiency standards to conserve power.

Principle 8: Change tax codes to foster grid innovation.

Check out the details here: http://galvinpower.org/blog/archives/category/policy-principles?utm_campaign=OilHangover