Privatization, Competition and Regulation in the British Electricity Industry, with Implications for Developing Countries
The report summarizes the British experience in the electricity industry, from its privatization in 1989, until 1998. It reviews the principles of private ownership, competitive markets, and independent regulation, beneficial to customers in terms...
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| Format: | ESMAP Paper |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2000/02/693344/privatization-competition-regulation-british-electricity-industry-implications-developing-countries http://hdl.handle.net/10986/20325 |
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okr-10986-203252021-04-23T14:03:37Z Privatization, Competition and Regulation in the British Electricity Industry, with Implications for Developing Countries World Bank ACCESS TO MODERN ENERGY ADVERTISING AGGREGATE SUPPLY AGGREGATE SUPPLY CURVE BIDDING BUILDING POWER STATIONS COAL COAL INDUSTRY COMMERCIALIZATION COMPETITIVE GENERATION COMPETITIVE MARKETS COMPETITIVENESS CONSUMERS DEVELOPED COUNTRIES DISTRIBUTION COMPANIES DISTRIBUTION SYSTEMS DUOPOLY ECONOMISTS ELECTRICITY ELECTRICITY GENERATING BOARD ELECTRICITY INDUSTRY ELECTRICITY POOL ELECTRICITY SUPPLY ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY SECTOR MANAGEMENT ASSISTANCE FOSSIL FUELS FUEL FUELS GAS PRICES GAS SUPPLY GAS TURBINE GAS TURBINES GENERATION GENERATION MARKET GENERATION MARKET SHARES GENERATORS HIGH-VOLTAGE TRANSMISSION INDEPENDENT REGULATION LEGISLATION LIVING CONDITIONS MARGINAL COST MARKET INCENTIVES MARKET POWER MARKET SHARE MERGERS MONOPOLIES NEW ENTRANTS NUCLEAR STATIONS POVERTY ALLEVIATION PRICE CONTROL PRICE CONTROLS PRICE INDEX PRICE REGULATION PRIVATE OWNERSHIP REGULATORY FRAMEWORK REGULATORY POLICY RENEWABLE ENERGY RETAIL RURAL CONSUMERS SUPPLIERS SUSTAINABLE ENERGY TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL OUTPUT TRANSITION ECONOMIES TRANSMISSION USE OF ELECTRICITY WHOLESALE PRICES The report summarizes the British experience in the electricity industry, from its privatization in 1989, until 1998. It reviews the principles of private ownership, competitive markets, and independent regulation, beneficial to customers in terms of lower prices, and improved quality of services. Competition in generation was enabled through a combination of market incentives, and regulatory policy, while, pressures on gas prices, on equipment installation costs, and efficiency, as well as on contractual risk-sharing arrangements, have brought down the new entry price. The industry's environmental record improved, for tighter emissions limits have been enforced on generating stations, which has induced new entrants to build combined cycle gas-fired stations, reducing carbon monoxide, and sulfur emissions. Furthermore, increased nuclear output, and greater use of combined heat, and power technology, also helped improve the environment. Social benefits account for several factors, namely, the introduction, and enforcement of relevant license conditions, and appropriate Standards of Performance, such as availability of a wide range of payment options; provision of special services to retirees, disabled, or chronically sick customers. Although circumstances may differ from Britain, essentially the principles of public policy apply as well to developing countries. 2014-09-30T21:29:31Z 2014-09-30T21:29:31Z 2000-02 http://documents.worldbank.org/curated/en/2000/02/693344/privatization-competition-regulation-british-electricity-industry-implications-developing-countries http://hdl.handle.net/10986/20325 English en_US Energy Sector Management Assistance Programme (ESMAP);no. ESM 226 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: ESMAP Paper Publications & Research Europe and Central Asia United Kingdom |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO MODERN ENERGY ADVERTISING AGGREGATE SUPPLY AGGREGATE SUPPLY CURVE BIDDING BUILDING POWER STATIONS COAL COAL INDUSTRY COMMERCIALIZATION COMPETITIVE GENERATION COMPETITIVE MARKETS COMPETITIVENESS CONSUMERS DEVELOPED COUNTRIES DISTRIBUTION COMPANIES DISTRIBUTION SYSTEMS DUOPOLY ECONOMISTS ELECTRICITY ELECTRICITY GENERATING BOARD ELECTRICITY INDUSTRY ELECTRICITY POOL ELECTRICITY SUPPLY ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY SECTOR MANAGEMENT ASSISTANCE FOSSIL FUELS FUEL FUELS GAS PRICES GAS SUPPLY GAS TURBINE GAS TURBINES GENERATION GENERATION MARKET GENERATION MARKET SHARES GENERATORS HIGH-VOLTAGE TRANSMISSION INDEPENDENT REGULATION LEGISLATION LIVING CONDITIONS MARGINAL COST MARKET INCENTIVES MARKET POWER MARKET SHARE MERGERS MONOPOLIES NEW ENTRANTS NUCLEAR STATIONS POVERTY ALLEVIATION PRICE CONTROL PRICE CONTROLS PRICE INDEX PRICE REGULATION PRIVATE OWNERSHIP REGULATORY FRAMEWORK REGULATORY POLICY RENEWABLE ENERGY RETAIL RURAL CONSUMERS SUPPLIERS SUSTAINABLE ENERGY TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL OUTPUT TRANSITION ECONOMIES TRANSMISSION USE OF ELECTRICITY WHOLESALE PRICES |
| spellingShingle |
ACCESS TO MODERN ENERGY ADVERTISING AGGREGATE SUPPLY AGGREGATE SUPPLY CURVE BIDDING BUILDING POWER STATIONS COAL COAL INDUSTRY COMMERCIALIZATION COMPETITIVE GENERATION COMPETITIVE MARKETS COMPETITIVENESS CONSUMERS DEVELOPED COUNTRIES DISTRIBUTION COMPANIES DISTRIBUTION SYSTEMS DUOPOLY ECONOMISTS ELECTRICITY ELECTRICITY GENERATING BOARD ELECTRICITY INDUSTRY ELECTRICITY POOL ELECTRICITY SUPPLY ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY SECTOR MANAGEMENT ASSISTANCE FOSSIL FUELS FUEL FUELS GAS PRICES GAS SUPPLY GAS TURBINE GAS TURBINES GENERATION GENERATION MARKET GENERATION MARKET SHARES GENERATORS HIGH-VOLTAGE TRANSMISSION INDEPENDENT REGULATION LEGISLATION LIVING CONDITIONS MARGINAL COST MARKET INCENTIVES MARKET POWER MARKET SHARE MERGERS MONOPOLIES NEW ENTRANTS NUCLEAR STATIONS POVERTY ALLEVIATION PRICE CONTROL PRICE CONTROLS PRICE INDEX PRICE REGULATION PRIVATE OWNERSHIP REGULATORY FRAMEWORK REGULATORY POLICY RENEWABLE ENERGY RETAIL RURAL CONSUMERS SUPPLIERS SUSTAINABLE ENERGY TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL OUTPUT TRANSITION ECONOMIES TRANSMISSION USE OF ELECTRICITY WHOLESALE PRICES World Bank Privatization, Competition and Regulation in the British Electricity Industry, with Implications for Developing Countries |
| geographic_facet |
Europe and Central Asia United Kingdom |
| relation |
Energy Sector Management Assistance
Programme (ESMAP);no. ESM 226 |
| description |
The report summarizes the British
experience in the electricity industry, from its
privatization in 1989, until 1998. It reviews the principles
of private ownership, competitive markets, and independent
regulation, beneficial to customers in terms of lower
prices, and improved quality of services. Competition in
generation was enabled through a combination of market
incentives, and regulatory policy, while, pressures on gas
prices, on equipment installation costs, and efficiency, as
well as on contractual risk-sharing arrangements, have
brought down the new entry price. The industry's
environmental record improved, for tighter emissions limits
have been enforced on generating stations, which has induced
new entrants to build combined cycle gas-fired stations,
reducing carbon monoxide, and sulfur emissions. Furthermore,
increased nuclear output, and greater use of combined heat,
and power technology, also helped improve the environment.
Social benefits account for several factors, namely, the
introduction, and enforcement of relevant license
conditions, and appropriate Standards of Performance, such
as availability of a wide range of payment options;
provision of special services to retirees, disabled, or
chronically sick customers. Although circumstances may
differ from Britain, essentially the principles of public
policy apply as well to developing countries. |
| format |
Publications & Research :: ESMAP Paper |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Privatization, Competition and Regulation in the British Electricity Industry, with Implications for Developing Countries |
| title_short |
Privatization, Competition and Regulation in the British Electricity Industry, with Implications for Developing Countries |
| title_full |
Privatization, Competition and Regulation in the British Electricity Industry, with Implications for Developing Countries |
| title_fullStr |
Privatization, Competition and Regulation in the British Electricity Industry, with Implications for Developing Countries |
| title_full_unstemmed |
Privatization, Competition and Regulation in the British Electricity Industry, with Implications for Developing Countries |
| title_sort |
privatization, competition and regulation in the british electricity industry, with implications for developing countries |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2000/02/693344/privatization-competition-regulation-british-electricity-industry-implications-developing-countries http://hdl.handle.net/10986/20325 |
| _version_ |
1764437219217506304 |