Economics at your fingertips  

The British utility regulation model: Its recent history and future prospects

Jon Stern ()

Utilities Policy, 2014, vol. 31, issue C, 162-172

Abstract: This paper considers the evolution of the British model of independent utility regulation from the publication of the 1983 Littlechild Report on telecom regulation. Over the last ten years, the model has faced some threats to its pro-competition emphasis, notably in energy regulation and particularly in electricity. These threats have arisen since 2008 and the onset of the Great Recession. However, with the partial exception of energy, challenges to the independence of regulators and to the role of competition have not been acute. The model seems to have generally been able successfully to meet the challenges faced and, relative to other countries, remains intact, if less distinctive. The main continuing issue is how best to handle repeat price-setting regulatory reviews where new initiatives have been tried but have not as yet reached a settled framework within which to handle the underlying strategic gaming problems.

Keywords: Incentive regulation; Competition and regulation; Strategic gaming (search for similar items in EconPapers)
JEL-codes: L51 K23 L14 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.jup.2014.09.005

Access Statistics for this article

Utilities Policy is currently edited by D. Smith

More articles in Utilities Policy from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2020-06-16
Handle: RePEc:eee:juipol:v:31:y:2014:i:c:p:162-172