The Restructuring and Privatisation of Electricity Distribution and Supply Businesses in England and Wales: A Social Cost-Benefit Analysis

Fiscal Studies

Volumn 22, Issue 1, 2001, Pages 107-146

  Domah, Preetum ^a   Pollitt, Michael G ^b  

^a QUEENS COLLEGE   (United Kingdom)

^b UNIVERSITY OF CAMBRIDGE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000865039     PISSN: 01435671     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1475-5890.2001.tb00036.x     Document Type: Article

References (42)

1. Alchian, A. A. (1965), 'Some economics of property rights', Il Politico, vol. 30, pp. 816-29.
2. Averch, H. and Johnson, L. L. (1962), 'Behaviour of the firm under regulatory constraint', American Economic Review, vol. 52, pp. 1052-69.
3. Bishop, M. and Thompson, D. (1992), 'Regulatory reform and productivity growth in the UK's public utilities', Applied Economics, vol. 24, pp. 1181-90.
4. Burns, P. and Weyman-Jones, T. (1994), 'Regulatory incentives, privatisation and productivity growth in UK electricity distribution', CRI Technical Paper no. 1, London: CIPFA.
5. _ and _ (1996), 'Cost functions and cost efficiency in electricity distribution: a stochastic frontier approach', Bulletin of Economic Research, vol. 48, pp. 41-64.
6. Chisari, O., Estache, A. and Romero, C. (1999), 'Winners and losers from the privatisation and regulation of utilities: lessons from a general equilibrium model of Argentina', World Bank Economic Review, vol. 13, pp. 357-78.
7. CRI (1995), The UK Electricity Industry: Electricity Services and Costs 1993/94, Statistics Series, London: CIPFA.
8. _ (1996), The UK Electricity Industry: Financial and Operating Review 1994/95, Statistics Series, London: CIPFA.
9. _ (1998), The UK Electricity Industry: Financial and Operating Review 1996/7, Statistics Series, London: CIPFA.
10. _ (1999), The UK Electricity Industry: Financial and Operating Review 1997/8, Statistics Series, London: CIPFA.
11. Electricity Consumers' Council (1982), Annual Report and Accounts, London: Electricity Consumers' Council.
12. _ (1988), Annual Report and Accounts, London: Electricity Consumers' Council.
13. Electricity Council (1988), Annual Report and Accounts, London: Electricity Council.
14. Galal, A., Jones, L. P., Tandon, P. and Vogelsang, I. (1994), Welfare Consequences of Selling Public Enterprises: An Empirical Analysis, Oxford: Oxford University Press.
15. Green, R. (1996), 'Reform of the electricity supply industry in the UK', Journal of Energy Literature, vol. 2, pp. 3-24.
16. _ (1998), 'England and Wales: a competitive electricity market?', Berkeley, UCEI, POWER, Working Paper Series no. pwp-60.
17. _ and McDaniel, T. (1998), 'Competition in electricity supply: will "1998" be worth it?', Fiscal Studies, vol. 19, pp. 273-93.
18. Henney, A. (1994), A Study of the Privatisation of the Electricity Supply Industry in England and Wales, London: EEE Limited.
19. _ (1997), Trade and Industry Committee: Energy Regulation, First Report, Vol. 2, published by the Stationery Office as 'Memorandum submitted by Alex Henney, EEE Ltd', ordered by the House of Commons, 11 March 1997.
20. Jones, L. P., Tandon, P. and Vogelsang, I. (1990), Selling Public Enterprise: A Cost-Benefit Methodology, Cambridge, MA: MIT Press.
21. Kleinwort Benson (1990), The Regional Electricity Company Share Offers, London: Kleinwort Benson Ltd.
22. MacKerron, G. and Watson, J. (1996), 'The winners and losers so far', in J. Surrey (ed.), The British Electricity Experiment: Privatisation, the Record, the Issues, the Lessons, London: Earthscan Publications Ltd.
23. Milgrom, P. and Roberts, J. (1990), 'Bargaining activity, influence costs, and the organisation of economic activity', in J. E. Alt and K. A. Sheple (eds), Perspectives on Positive Political Economy, Cambridge: Cambridge University Press.
24. Newbery, D. M. G. and Pollitt, M. G. (1997), 'The restructuring and privatisation of Britain's CEGB: was it worth it?', Journal of Industrial Economics, vol. 45, pp. 269-303.
25. NGC (1999), NGC Seven Year Statement for 1998/9 to 2005/6, UK: National Grid Company.
26. Niskanen, W. A. (1968), 'The peculiar economics of bureaucracy', American Economic Review, Papers and Proceedings, vol. 58, pp. 298-305.
27. OFFER (1994), The Distribution Price Control: Proposals, Birmingham: Office of Electricity Regulation.
28. _ (1997), The Competitive Electricity Market from 1998: Price Restraints and Proposals, Birmingham: Office of Electricity Regulation.
29. _ (1998a), Reviews of Public Electricity Suppliers 1998-2000, REC Business Plans: Consultation Paper, Birmingham: Office of Electricity Regulation.
30. _ (1998b), Report on Distribution and Transmission System Performance 1997-8, Birmingham: Office of Electricity Regulation.
31. _ (1998c), Reviews of Public Electricity Suppliers 1998-2000, Price Controls and Competition: Consultation Paper, Birmingham: Office of Electricity Regulation.
32. _ (1999a), Reviews of Public Electricity Suppliers 1998-2000, Distribution Price Control Review: Consultation Paper, Birmingham: Office of Electricity Regulation.
33. _ (1999b), Quality of Supply: Attitudes of Business and Domestic Electricity Customers, Research Study conducted for OFFER by MORI, Birmingham: Office of Electricity Regulation.
34. Ofgem (1999a), Reviews of Public Electricity Suppliers 1998-2000, Distribution Price Control Review: Final Proposals, London: Office of Gas and Electricity Markets.
35. _ (1999b), Electricity Distribution Licences: Initial Proposals on Standard Conditions for the Financial 'Ringfence': A Consultation Paper, London: Office of Gas and Electricity Markets.
36. Pollitt, M. G. (1997a), 'The impact of liberalisation on the performance of the electricity supply industry: an international survey', Journal of Energy Literature, vol. 3, no. 2, pp. 3-31.
37. _ (1997b), 'The restructuring and privatisation of the electricity supply industry in Northern Ireland: will it be worth it?', University of Cambridge, Department of Applied Economics, Working Papers Amalgamated Series no. 9701.
38. _ (1999), 'The restructuring and privatisation of electricity supply industry in Scotland', mimeo, University of Cambridge.
39. Secretary of State for Energy (1988), Privatising Electricity: The Government's Proposals for the Privatisation of the Electricity Supply Industry in England and Wales, Cm. 322, London: HMSO.
40. Thomas, S. (1996), 'The privatisation of the electricity supply industry', in J. Surrey (ed.), The British Electricity Experiment: Privatisation, the Record, the Issues, the Lessons, London: Earthscan Publications Ltd.
41. Yarrow, G. (1992), 'British electricity prices since privatisation', Oxford, Regulatory Policy Institute, Studies in Regulation, paper no. 1.
42. Willig, R. D. (1994), 'Public versus regulated private enterprise', Proceedings of the World Bank Conference on Development Economics, pp. 155-80.