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On The Implementation Of Economic Regulation In Uk Energy Industries

In: The Uk Energy Experience A Model or A Warning?

Author

Listed:
  • MICHAEL WATERSON

    (Department of Economics, University of Warwick, Coventry CV4 7AL, UK)

Abstract

This paper discusses two major issues in UK energy regulation. The first concerns the idea (or ideal) of "regulation for competition" practised in the UK. This means that attention naturally focuses on regulation of access prices to network transportation facilities and the creation of markets for purchase and supply of electricity and gas. The second issue is the appropriate scope of regulation. How might it be determined that some industries require a dedicated regulator whilst others do not? What are the benefits of regulation? Some light is cast on these questions by means of comparisons between gas and oil.

Suggested Citation

  • Michael Waterson, 1996. "On The Implementation Of Economic Regulation In Uk Energy Industries," World Scientific Book Chapters, in: G MacKerron & P Pearson (ed.), The Uk Energy Experience A Model or A Warning?, chapter 33, pages 455-464, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781848161030_0033
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