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PRIVATISATION, COMPETITION AND REGULATION IN THE SCOTTISH ELECTRICITY INDUSTRY †
Author(s) -
Littlechild S. C.
Publication year - 1996
Publication title -
scottish journal of political economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.4
H-Index - 46
eISSN - 1467-9485
pISSN - 0036-9292
DOI - 10.1111/j.1467-9485.1996.tb00835.x
Subject(s) - competition (biology) , electricity , electric power industry , vertical integration , industrial organization , economics , new england , business , market economy , engineering , ecology , electrical engineering , biology , middle class
A bstract This paper analyses the experience of the privatised electricity industry in Scotland. The retention of vertical integration in Scotland has led to a number of different features in the regulation of the industry in Scotland and England and Wales. It has also led to a different pattern of development of competition. Although regulation and price competition appear to have operated to the benefit of consumers thus far, the Scottish system is as yet untested in its ability to cope with significant new entry.