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On Restructuring, Regulation, and Competition in Utility Industries: Experience in the United Kingdom and Implications for Latin America

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  • Andrew Powell

Abstract

There are two similarities between the utility privatization programs of the UK and Latin America. Privatization has largely consisted of the transfer of industry-dominant, state companies into the private sector, often with statutory monopoly powers. In addition, the extensive use of price cap rather than rate-of-return regulation. A difference is that, arguably, the UK tried to create a fair but flexible regulatory policy by establishing a set of individual industry regulators somewhat independent from the government with considerable discretionary powers.

Suggested Citation

  • Andrew Powell, 1996. "On Restructuring, Regulation, and Competition in Utility Industries: Experience in the United Kingdom and Implications for Latin America," Research Department Publications 4038, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4038
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    References listed on IDEAS

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    1. Spiller, Pablo T, 1996. "Institutions and Commitment," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 5(2), pages 421-452.
    2. Powell, Andrew, 1993. "Trading Forward in an Imperfect Market: The Case of Electricity in Britain," Economic Journal, Royal Economic Society, vol. 103(417), pages 444-453, March.
    3. M.E. Beesley & S.C. Littlechild, 1989. "The Regulation of Privatized Monopolies in the United Kingdom," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 454-472, Autumn.
    4. Dieter Helm & Andrew Powell, 1992. "Pool prices, contracts and regulation in the British electricity supply industry," Fiscal Studies, Institute for Fiscal Studies, vol. 13(1), pages 89-105, February.
    5. Bishop, Matthew & Kay, John & Mayer, Colin (ed.), 1994. "Privatization and Economic Performance," OUP Catalogue, Oxford University Press, number 9780198773443, Decembrie.
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    Cited by:

    1. Marcel Boyer & Michel Patry & Pierre J. Tremblay, 2001. "La gestion déléguée de l'eau : Les options," CIRANO Project Reports 2001rp-10, CIRANO.

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