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Utility Regulation and Competition Policy

Edited by Colin Robinson, Emeritus Professor of Economics, University of Surrey, UK
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.
In Association with the Institute of Economic Affairs and the London Business School
Extent: 240 pp
Hardback Price: $128.00 Web: $115.20
Publication Date: 2002
ISBN: 978 1 84064 850 8
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  • Economics and Finance
  • Competition Policy
  • Public Finance
  • Public Sector Economics
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.

Contents: Introduction – Colin Robinson 1. The New Electricity Trading Arrangements in England and Wales: A Review – David Currie, Chairman’s Comments – Callum McCarthy 2. A Critique of Rail Regulation – Dieter Helm, Chairman’s Comments – Tom Winsor 3. Moving to a Competitive Market in Water – Colin Robinson, Chairman’s Comments – Sir Ian Byatt 4. The New Gas Trading Arrangements – George Yarrow, Chairman’s Comments – Eileen Marshall 5. A Review of Privatisation and Regulation Experience in Britain – Irwin M. Stelzer, Chairman’s Comments – Stephen Littlechild 6. Converging Communications: Implications for Regulation – Mark Armstrong, Chairman’s Comments – David Edmonds 7. Opening European Electricity and Gas Markets – Graham Shuttleworth, Chairman’s Comments – Clare Spottiswoode 8. Concurrency or Convergence? Competition and Regulation Under the Competition Act 1998 – Tom Sharpe QC, Chairman’s Comments – Geoffrey Horton 9. Ten Years of European Merger Control – Paul Seabright, Chairman’s Comments – Derek Morris
‘. . . this is a comprehensive book with abundant information on recent developments in regulation and competition policy. . . the book is certainly an important addition to the libraries of exploring utility regulation and competition policy from an academic perspective as well as of those interested in the more practical issues.’
– Lars Kumkar, Review of World Economics

‘The regulatory essays do not focus exclusively on the UK energy industry. There is an excellent review of progress in opening European electricity and gas markets, which hints at further reforms that have occurred since the book was published. There are also fine reviews of regulatory developments and competition policy in telecommunications, railroads, and water supply. In short, there is probably something of interest here for any serious energy professional or student of regulatory economics.’
– Jeff Skeer, The Journal of Energy and Development
Contents: Introduction by Colin Robinson 1. The New Electricity Trading Arrangements in England and Wales: A Review – David Currie, Chairman’s Comments – Callum McCarthy 2. A Critique of Rail Regulation – Dieter Helm, Chairman’s Comments – Tom Winsor 3. Moving to a Competitive Market in Water – Colin Robinson, Chairman’s Comments – Sir Ian Byatt 4. The New Gas Trading Arrangements – George Yarrow, Chairman’s Comments – Eileen Marshall 5. A Review of Privatization and Regulation Experience in the UK – Irwin M. Stelzer, Chairman’s Comments – Stephen Littlechild 6. Converging Communications: Implications for Regulation – Mark Armstrong, Chairman’s Comments – David Edmonds 7. Opening European Electricity and Gas Markets – Graham Shuttleworth, Chairman’s Comments – Clare Spottiswoode 8. Concurrency or Convergence? Competition and Regulation Under the Competition Act 1998 – Tom Sharpe QC, Chairman’s Comments – Geoffrey Horton 9. Ten Years of European Merger Control – Paul Seabright, Chairman’s Comments – Derek Morris Index