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2001 Transmission and Distribution Conference Preview

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Abstract

The author describes how available statistics and consumer participation indicate that, though not perfect, the benefits of UK electric utility privatization and competition outweigh the monopolistic structures of the past.

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... Electric power industry in many countries was transformed from the vertically integrated structure towards unbundling. Different aspects of these reforms were discussed on the cases of Great Britain (Lamoureux, 2001a(Lamoureux, , 2001bSurrey, 1996), USA (Barkovich & Hawk, 1996), Argentina and Chili (Pollitt, 2008a;Rudnick, 1996), and many other countries all over the world. Due to the reforms energy generation and distribution became competitive sectors, but the transmission is considered by most researchers as a natural monopoly despite the opposite position of some economists (DiLorenzo, 1996;Gordon, 1982). ...
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