The Restructuring and Privatisation of the Electricity Supply Industry in Northern Ireland: Will it be Worth it?
AbstractUntil 1992, the electricity supply industry in Northern Ireland was controlled by a single state-owned enterprise. It was then restructured into three new generating companies and a transmission and distribution company, all of which were privatised. Since then, unit costs have fallen sharply but prices have risen relative to the rest of the United Kingdom. This paper conducts a social cost benefit analysis of the restructuring and privatisation by looking at the efficiency gains and the actual and future investment and environmental effects of the process. It concludes that relative to the central counterfactual, the net gains are equivalent to a permanent cost reduction of 6% per annum, consumers pay 13% higher prices, while the government gains around £1.3bn in asset sales and higher tax revenue.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 9701.
Date of creation: 1997
Date of revision:
Contact details of provider:
Web page: http://www.econ.cam.ac.uk/index.htm
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Jamasb, Tooraj & Mota, Raffaella & Newbery, David & Pollitt, Michael, 2005.
"Electricity sector reform in developing countries : a survey of empirical evidence on determinants and performance,"
Policy Research Working Paper Series
3549, The World Bank.
- Jamasb, T. & Mota, R. & Newbery, D. & Pollitt, M., 2004. "‘Electricity Sector Reform in Developing Countries: A Survey of Empirical Evidence on Determinants and Performance’," Cambridge Working Papers in Economics 0439, Faculty of Economics, University of Cambridge.
- Mota, R.L., 2003. "The Restructuring and Privatisation of Electricity Distribution and Supply Business in Brazil: A Social Cost-Benefit Analysis," Cambridge Working Papers in Economics 0309, Faculty of Economics, University of Cambridge.
- Massey, Patrick, 2004. "Is Irish Utility Regulation Failing Consumers?," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2004(4-Winter), pages 1-18.
- Pollitt, M., 2007.
"Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market,"
Cambridge Working Papers in Economics
0756, Faculty of Economics, University of Cambridge.
- Pollitt, Michael, 2009. "Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market," Utilities Policy, Elsevier, vol. 17(1), pages 13-23, March.
- Newbery, D., 2002. "Issues and Options for Restructuring Electricity Supply Industries," Cambridge Working Papers in Economics 0210, Faculty of Economics, University of Cambridge.
- repec:eso:journl:v:33:y:2002:i:1:p:23-41 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).
If references are entirely missing, you can add them using this form.