Reasonable approach. As to current policy, here is a better cite from the FERC website. Gooc comprehensive overview of the policy and its recent historical development  
 ordermaven   

 AS to results, you can check the OFGEM web page for England, though I do not promise easy and clear statistical information.  This gives you a little bit of intro to European policy.  

 As to results, if I come across a good piece on this will let you know. You can see that the regulators believe they are getting and are going to get good results from competitive wholesale power markets. It would be interesting to get a valid statisticl analysis of results.