Liberalisation of the Energy Market: A Favourable Supply-side Shock for the UK Economy?

Colin Robinson ()
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Colin Robinson: Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey

No 73, Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS) from Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey

Abstract: Privatisation was clearly the most significant change in Britain’s industrial policy since nationalisation. The privatisation and liberalising moves of the late 1980s had a big impact on the energy industries since they included two large energy utilities. But how important were the change in the energy industries in the context of the UK economy? Is their impact likely to be significant to spill over into a favourable effect on Britain’s economic performance? In discussing this issue, I begin with the situation which existed before liberalisation so we can appreciate the scale of the potential gains. Then I discuss the extent to which the liberalisation took place. Finally, I consider the impact of liberalisation.

Pages: 28 pages
Date: 1994-06
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