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Regulating Energy and Natural Resources$
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Barry Barton, Alastair Lucas, Lila Barrera-Hernández, and Anita Rønne

Print publication date: 2006

Print ISBN-13: 9780199299874

Published to Oxford Scholarship Online: January 2010

DOI: 10.1093/acprof:oso/9780199299874.001.0001

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The Political Economy of Regulation: Developments in British Energy Regulation Under Labour

The Political Economy of Regulation: Developments in British Energy Regulation Under Labour

Chapter:
(p.149) 8 The Political Economy of Regulation: Developments in British Energy Regulation Under Labour
Source:
Regulating Energy and Natural Resources
Author(s):

Aileen Mcharg

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199299874.003.0008

This chapter surveys developments in energy regulation in Britain since 1997, in order to identify the main themes underpinning Labour's reforms and assess whether they constitute appropriate responses to the existing and emerging regulatory challenges posed by the gas and electricity industries. Changes in regulatory institutions, regulatory objectives, and regulatory instruments are examined in turn. These are not, of course, entirely distinct; choices in relation to one aspect of the regulatory system may influence or constrain choices for other aspects. Nevertheless, the dynamics of reform in each area have not been identical.

Keywords:   Britain, energy regulation, Labour Party, regulatory challenges, energy policy

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