Competition in Electricity Supply: Has the Energy Act Failed?

The UK's 1983 Energy Act attempted to establish a market in electricity by introducing competition from the private sector. However, entry has failed to occur. Two competing hypotheses attempt to explain this: 1. the efficiency hypothesis, which argues that little entry has occurred because the...

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Veröffentlicht in:	Fiscal studies 1986-02, Vol.7 (1), p.11-33
Hauptverfasser:	HAMMOND, E.M., HELM, D.R., THOMPSON, D.J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Barriers Capacity costs Competition Cost structure Economic competition Economic theory Electric power Electric power industry Electricity Energy Failure Hypotheses Incumbents Legislation Marginal analysis Marginal costs Market entry Private sector Rates Statistical data Supply Tariffs
Online-Zugang:	Volltext
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