MARKETS, IMPER FECTIONS AND THE DANGERS OF OVER‐REGULATING ENERGY MARKETS

Colin Robinson

Economic Affairs, 2004, vol. 24, issue 2, 52-55

Abstract: Government regulation in general has over‐expanded. However, in British energy markets, a new form of regulation, concentrating on promoting competition in gas and electricity, has emerged to the benefit of consumers. If the government pursues its policy of targeting favoured energy activities, these gains will disappear, the costs of achieving environmental targets will be unnecessarily heavy and energy markets will be re‐politicised.

Date: 2004
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