Utility Regulation and Competition Policy

Utility Regulation and Competition Policy

Edited by Colin Robinson

In this book, the latest volume in the annual series published in association with the London Business School and the Institute of Economic Affairs, some of the main issues in UK and EU utility regulation and competition policy are discussed. Topics examined include the new electricity and gas trading markets, regulating the railways, introducing competition into water, telecoms and Ofcom, opening EU gas and electricity markets, the 1998 Competition Act, EU merger policy and a general review of privatisation and regulation in Britain. Essays by expert commentators are followed in each case by comments from the relevant regulator.

Chapter 7: Opening European Electricity and Gas Markets – Graham Shuttleworth, Chairman’s Comments – Clare Spottiswoode

Graham Shuttleworth

Subjects: economics and finance, competition policy, public finance, public sector economics


In this chapter, I take a look at market opening in European electricity and gas markets from an economic point of view, which means from three separate angles: 1. I consider whether the move towards competition is being driven simply by the economics of the sector, without the need for specific interventions by governments and regulators. 2. Since I will answer this first question in the negative, I will look at the measures that governments and regulators need to introduce, if they are serious about introducing competition. 3. I will list some outstanding issues, that is, problems that legal and regulatory institutions in European markets have yet to deal with,

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