Chapter

Restructuring the Electricity Industry in England and Wales

Richard Green

in Electricity Deregulation

Published by University of Chicago Press

Published in print August 2005 | ISBN: 9780226308562
Published online February 2013 | e-ISBN: 9780226308586 | DOI: http://dx.doi.org/10.7208/chicago/9780226308586.003.0003
Restructuring the Electricity Industry in England and Wales

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This chapter analyzes the restructuring and deregulation of the electricity industry in England and Wales which started in 1990. It explains that the goal of the deregulation was to reduce prices and this was accomplished by a substantial drop in electricity prices after 1990. This chapter also discusses how regulators in England and Wales anticipated and reacted to the problems of the deregulated market and cites lessons for other markets.

Keywords: electricity industry; deregulation; England; Wales; electricity prices; restructuring

Chapter.  20570 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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