The British Electricity Experiment: Privatization: The Record, the Issues, the Lessons

The British Electricity Experiment: Privatization: The Record, the Issues, the Lessons

by John Surrey
     
 

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ISBN-10: 1853833703

ISBN-13: 9781853833700

Pub. Date: 06/01/1996

Publisher: Earthscan

In 1991 energy in the UK underwent a unique and fundamental transformation, with the privatisation of the electricity supply industry. This is the first book to fully assess the experiment. It first explains how – and why – the British electricity supply industry was privatised. It then identifies the subsequent changes in electricity prices, profits, employment,

Overview

In 1991 energy in the UK underwent a unique and fundamental transformation, with the privatisation of the electricity supply industry. This is the first book to fully assess the experiment. It first explains how – and why – the British electricity supply industry was privatised. It then identifies the subsequent changes in electricity prices, profits, employment, investment, nuclear power and renewables, and the extent to which each of these was due solely to privatisation or to other factors, or could have been achieved by reform of the previous model, rather than privatisation. Finally, the book analyses the key unresolved issues of regulation, introducing competition into the domestic energy market in 1998, supply security, and other long-term strategic considerations. Throughout, it distinguishes between the uniquely British elements of the experience and those which can be drawn upon by other countries embarking upon similar reforms.Today, governments throughout the world are looking to the UK's experience as a potential prototype for the restructure of their own electricity supply industries. For them, and for electricity utilities, fuel and power plant suppliers, regulation authorities, financial analysts, international agencies, journalists and academics alike, this thorough and pragmatic study will be essential reading.

Product Details

ISBN-13:
9781853833700
Publisher:
Earthscan
Publication date:
06/01/1996
Pages:
329
Product dimensions:
5.25(w) x 8.75(h) x (d)

Table of Contents

List of Tables
List of Abbreviations
The Authors
Foreword
Acknowledgements
1. Introduction
John Surrey
2. UK Electricity Supply under Public Ownership
John Chesshire
3. The Privatization of the Electricity Supply Industry
Steve Thomas
4. The Development of Competition
Steve Thomas
5. Regulation
Gordon MacKerron and Isabel Boira-Segarra
6. Effects on Demands for Fossil Fuels
Mike Parker
7. Nuclear Power Under Review
Gordon MacKerron
8. Renewable Generation - Success Story?
Catherine Mitchell
9. The Winners and Losers so far
Gordon MacKerron and Jim Watson
10. Competition: the Continuing Issues
Mike Parker
11. Unresolved Issues of Economic Regulation
John Surrey
12. Strategic Government and Corporate Issues
Steve Thomas
13. General Conclusions and Lessons
Mike Parker
Notes and References
Index

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