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The British Electricity Experiment - Privatization: the record, the issues, the lessons (Paperback)
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The British Electricity Experiment - Privatization: the record, the issues, the lessons (Paperback)
Series: Energy and Infrastructure Set
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In 1990, energy in the UK underwent a unique and fundamental
transformation, with the privatization of the electricity supply
industry. This is the first book to fully assess the experiment. It
first explains how - and why - the British electricity supply
industry was privatized. It then identifies the subsequent changes
in electricity prices, profits, employment, investment, nuclear
power and renewable, and the extent to which each of these was due
solely to privatization or to other factors, or could have come
about by reform of the previous model, rather than privatization.
Finally, the authors analyse the key unresolved issues of
regulation, introducing competition into the domestic energy market
in 1998, supply security, and other long-term strategic
considerations. Throughout, the distinguish between the uniquely
British elements of the experience and those which can be drawn
upon by other countries embarking upon similar reforms. Today,
governments throughout the world are looking to the UK's experience
as a potential prototype for the restructure of their own
electricity supply industries. For them, and for electricity
utilities, fuel and power plant suppliers, regulation authorities,
financial analysts, international agencies, journalists and
academics alike, this thorough and pragmatic study will be
essential reading. 'This is likely to become the definitive book on
the first six years of the great British electricity experiment'
Walt Patterson The British Electricity Experiment is the result of
a detailed study undertaken by the Energy Programme at the science
Policy Research unit (SPRU). Professor John Surrey was head of
SPR's Energy Programme between 1969 and 1986. He has worked with
the central Electricity Generating Board, as a government Economic
Adviser, and as a Specialist Adviser to numerous House of Commons
Select Committee inquiries on energy matters. Originally published
in 1996
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