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Institutional Evolution and Energy Reform in the UK

In: Corruption, Development and Institutional Design

Author

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  • Richard Green

Abstract

Over the last twenty-five years, the UK’s energy utilities of electricity and gas have been completely transformed. Publicly-owned monopolies have been replaced by competing private companies. In gas, the formerly integrated vertical stages have been separated, and the nature of vertical integration in the electricity industry has also changed. New regulators are responsible for overseeing key parts of the industry, and new markets have been created.

Suggested Citation

  • Richard Green, 2009. "Institutional Evolution and Energy Reform in the UK," International Economic Association Series, in: János Kornai & László Mátyás & Gérard Roland (ed.), Corruption, Development and Institutional Design, chapter 12, pages 235-252, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-0-230-24217-3_12
    DOI: 10.1057/9780230242173_12
    as

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