Advanced Search
MyIDEAS: Login to save this paper or follow this series

The Restructuring and Privatisation of Electricity Distribution and Supply Businesses in England and Wales: A Social Cost Benefit Analysis

Contents:

Author Info

  • Domah, P.
  • Pollitt, M.G.

Abstract

In December 1990, the twelve regional electricity companies responsible for the distribution and supply of electricity in England and Wales were privatised. For the first few years following privatisation, real prices, profits and costs in the industry rose. Following two price control reviews, prices have now fallen sharply and there have been substantial reductions in costs and, more recently, in profits. This paper attempts to conduct a social cost benefit analysis of the privatisation by examining actual and predicted falls in costs over the period to 2005. The authors conclude that the privatisation did yield net benefits but that these were unevenly distributed across time and groups in society. Relative to our preferred counterfactual, the gains to consumers are equivalent to 3% lower prices, and the government gains £5bn in sales proceeds and net taxes. However, consumers only begin to gain from 2000.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.econ.cam.ac.uk/research/repec/cam/pdf/wp0007.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0007.

as in new window
Length:
Date of creation: Oct 2000
Date of revision:
Handle: RePEc:cam:camdae:0007

Note: IO
Contact details of provider:
Web page: http://www.econ.cam.ac.uk/index.htm

Related research

Keywords: Cost benefit analysis; Electricity; Productivity; Privatisation; Restructuring;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Leroy P. Jones & Pankaj Tandon & Ingo Vogelsang, 1990. "Selling Public Enterprises: A Cost/Benefit Methodology," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262600625, December.
  2. Antonio Estache & O. Chisari & C. Romero, 1999. "Winners and Losers from the Privatization and Regulation of Utilities: Lessons from a General Equilibrium Model of Argentina," ULB Institutional Repository 2013/44005, ULB -- Universite Libre de Bruxelles.
  3. Newbery, David M & Pollitt, Michael G, 1997. "The Restructuring and Privatization of Britain's CEGB--Was It Worth It?," Journal of Industrial Economics, Wiley Blackwell, vol. 45(3), pages 269-303, September.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cam:camdae:0007. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.