Utility Regulation and Competition Policy
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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.
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Abbreviations and acronyms


BG BSC CAPEX CEER CTC DETR DGES DGFT DGWS DSO DTI ECHR ECJ ECPR EMR ETSO FERC FTA ISO IT M&A MALC MCR MMC MS NBP NERA NETA NGTA nTPA NTS OCM Ofcom Offer Ofgas British Gas Broadcasting Standards Commission capital expenditure Council of European Electricity Regulators compensation for transition to competition Department of Environment, Transport and the Regions Director General of Electricity Supply Director General of Fair Trading Director General of Water Supply distribution system operator Department of Trade and Industry European Court of Human Rights European Court of Justice efficient component pricing rule European Merger Regulation European Association of TSOs (see below) Federal Energy Regulatory Commission (USA) Fair Trading Act independent system operator Information Technology Mergers and Acquisitions market abuse licence condition Merger Control Regulation Monopolies and Mergers Commission Member State national balancing point National Economic Research Associates new electricity trading arrangements new gas trading arrangements negotiated third-party access national transmission system on-the-day commodity market Office of Communications Office of Electricity Regulation Office of Gas Supply viii PRELIMS 6/2/02 11:22 am Page 9 Abbreviations and acronyms ix Ofgem OFT Oftel OPEX OPRAF ORR PSO RA RAB RCAM REC RETA ROSCO RTO rTPA SBM SND SO SPV SRA TACs TFP TOC TPA TSO USO Office of Gas and Electricity Markets Office of Fair Trading Office of Telecommunications operating expenditure Office of Passenger Rail Franchising Office of the Rail Regulator public service obligation Radio Authority regulatory asset base Regulated Community Asset Mutual regional electricity company Review of Electricity...

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