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UK experience of utility regulation since 2003 and outlook

Author

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  • Bolt, Chris

Abstract

Regulatory practice continues to be criticised and challenged. Issues which were concerning Government, regulators, companies and consumers in 2003 are, in many respects, still unresolved. There is a risk that too many decisions on developments in regulatory policy will be taken by Ministers rather than regulators, working with companies and consumers in the sectors they regulate, and that Ministers will be unduly influenced by “DIY economics”. The main challenge for the next ten years is, therefore, likely to be the relationship between regulators and government.

Suggested Citation

  • Bolt, Chris, 2014. "UK experience of utility regulation since 2003 and outlook," Utilities Policy, Elsevier, vol. 31(C), pages 173-177.
    • Handle: RePEc:eee:juipol:v:31:y:2014:i:c:p:173-177
    DOI: 10.1016/j.jup.2014.10.007
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    References listed on IDEAS

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    1. Dieter Helm, 2013. "British infrastructure policy and the gradual return of the state," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(2), pages 287-306, SUMMER.
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    Citations

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    Cited by:

    1. Stern, Jon, 2014. "The British utility regulation model: Its recent history and future prospects," Utilities Policy, Elsevier, vol. 31(C), pages 162-172.
    2. Havyatt, David, 2022. "Toward consumer-centric energy network regulation: Australia's experience," Utilities Policy, Elsevier, vol. 78(C).
    3. Lodge, Martin & Stern, Jon, 2014. "British utility regulation: Consolidation, existential angst, or fiasco?," Utilities Policy, Elsevier, vol. 31(C), pages 146-151.
    4. Monios, Jason, 2019. "Geographies of governance in the freight transport sector: The British case," Transportation Research Part A: Policy and Practice, Elsevier, vol. 121(C), pages 295-308.
    5. Pinto, Francisco Silva & Simões, Pedro & Marques, Rui Cunha, 2017. "Raising the bar: The role of governance in performance assessments," Utilities Policy, Elsevier, vol. 49(C), pages 38-47.

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    More about this item

    Keywords

    Economic regulation; Regulated industries; Infrastructure; Sectoral planning;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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