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England and Wales electricity industry – experiences in deregulation

England and Wales electricity industry – experiences in deregulation Electric utilities traditionally operate as government monopoly institutions in vertically integrated structures. As monopolies, secondary costs incurred as a result of inefficient operations are passed down to consumers, even when such did not constitute major operational or quality of supply problems. In the 1990s, environmental issues, regulatory and economic challenges, and changing public perception created a radically different world for electric utilities. Consumers demand price transparency and reduction of cross‐subsidies among different users. The need for higher energy efficiency in technical systems of utilities and significant growth in energy demand were recognised. Most governments were under pressure to raise funds for social services, balance budgets and to carry out economic reform. This paper presents a review and analysis of the successful deregulation of the electricity supply industry in England and Wales as a pointer to other countries (e.g. developing countries) contemplating such programme. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Engineering Design and Technology Emerald Publishing

England and Wales electricity industry – experiences in deregulation

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References (2)

Publisher
Emerald Publishing
Copyright
Copyright © 2005 Emerald Group Publishing Limited. All rights reserved.
ISSN
1726-0531
DOI
10.1108/17260530510815312
Publisher site
See Article on Publisher Site

Abstract

Electric utilities traditionally operate as government monopoly institutions in vertically integrated structures. As monopolies, secondary costs incurred as a result of inefficient operations are passed down to consumers, even when such did not constitute major operational or quality of supply problems. In the 1990s, environmental issues, regulatory and economic challenges, and changing public perception created a radically different world for electric utilities. Consumers demand price transparency and reduction of cross‐subsidies among different users. The need for higher energy efficiency in technical systems of utilities and significant growth in energy demand were recognised. Most governments were under pressure to raise funds for social services, balance budgets and to carry out economic reform. This paper presents a review and analysis of the successful deregulation of the electricity supply industry in England and Wales as a pointer to other countries (e.g. developing countries) contemplating such programme.

Journal

Journal of Engineering Design and TechnologyEmerald Publishing

Published: Mar 1, 2005

Keywords: Electricity deregulation; Market structure; Market design

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