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Experiences from the United Kingdom in the regulation of privatised utilities
Kay, John
As Ireland embarks on a programme of privatisation and liberalisation of markets, it may be informative to reflect on the experiences of the UK on competition, privatisation and regulatory issues in the utilities sector over the last two decades. The regulation of privatised utilities in Britain is widely criticised today. The criticism comes from many quarters. Customers resent their money being handed out in excessive salaries and dividends. Academics are now widely critical of the RPI-x formula for capping prices below the retail price index (RPI), which was once a proud British innovation. A curious alliance of politicians and senior industry executives is concerned to suggest that the regulatory process is insufficiently accountable.
Keyword(s): Market liberalisation; Privatisation; Government regulation; Utilities; Competition policy; 314.15
Publication Date:
2000
Type: Journal article
Peer-Reviewed: Yes
Language(s): English
Institution: Trinity College Dublin
Citation(s): Kay, John. 'Symposium on market liberalisation in Ireland: competition, privatisation and regulatory issues - Experiences from the United Kingdom in the regulation of privatised utilities'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXIX, 1999/2000, pp33-47
Publisher(s): Statistical and Social Inquiry Society of Ireland
Alternative Title(s): Symposium on market liberalisation in Ireland: competition, privatisation and regulatory issues
File Format(s): application/pdf
First Indexed: 2014-05-13 05:34:48 Last Updated: 2015-03-23 11:13:19