Energy, the State, and the Market: British Energy Policy since 1979

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A broad and lively survey of British energy policy since 1979. The book blends economic analysis with political and historical narrative. The author traces the way in which political pressures from the proponents of both nationalization and privatization, as well as environmentalists, have affected the development of an industry which forms a significant part of the national economy. There is a particular focus on the role of government and the influence of technological advances.

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Product Details

  • ISBN-13: 9780199262038
  • Publisher: Oxford University Press
  • Publication date: 4/10/2003
  • Pages: 408
  • Product dimensions: 9.30 (w) x 6.30 (h) x 1.30 (d)

Meet the Author

Dieter Helm is Official Fellow in Economics at new College, Oxford. He has been a member of the Department of Trade and Industry's Energy Advisory Panel since 1993 and is also Chairman of the Academic Panel of the Department for Environment, Food and Rural Affairs. He is a director of Oxford Economic Research Associates Ltd (OXERA) and has advised governments, regulators and major companies in the UK and internationally.

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Table of Contents

1. Introduction
2. The Inheritance: State Ownership, Monopoly, and Planning
3. First Steps Towards the Market Philosophy
4. Thatcher and Scargill: Getting Off the Labour Standard
5. The Nuclear Option in the 1980s: Security of Supply and National Energy Independence
6. Missed Opportunity: British Gas Privatization
7. Electricity Privatization
8. The Transition to Competition in the Electricity Industry
9. Preparing for the End of British Coal: Privatization and Decline
10. Nuclear Privatization and the End of the Nuclear Dream
11. Regulatory Failure and Financial Engineering: The RECs' First Review
12. Takeover Mania and Capital Market Competition
13. The Break-Up of British Gas
14. Domestic Competition in Gas and Electricity
15. Regulatory Reform and New Labour
16. Energy Sources, Diversity, and Long-Term Security of Supply
17. NETA and the Consolidation of Generation
18. Price Reviews Again: Asset-Sweating or Investment?
19. The Environment Moves Centre Stage
20. The European Dimension
21. Energy Policy Revisited
22. Reinventing Energy Policy

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