On Restructuring, Regulation, and Competition in Utility Industries: Experience in the United Kingdom and Implications for Latin America

39 Pages Posted: 20 Apr 2011

See all articles by Andrew Powell

Andrew Powell

Inter-American Development Bank (IDB); Universidad Torcuato Di Tella - School of Business; Harvard University - Center for International Development (CID)

Date Written: December 1996

Abstract

There are two similarities between the utility privatization programs of the UK and Latin America. Privatization has largely consisted of the transfer of industry-dominant, state companies into the private sector, often with statutory monopoly powers. In addition, the extensive use of price cap rather than rate-of-return regulation. A difference is that, arguably, the UK tried to create a fair but flexible regulatory policy by establishing a set of individual industry regulators somewhat independent from the government with considerable discretionary powers.

Suggested Citation

Powell, Andrew P. and Powell, Andrew P., On Restructuring, Regulation, and Competition in Utility Industries: Experience in the United Kingdom and Implications for Latin America (December 1996). IDB Working Paper No. 272, Available at SSRN: https://ssrn.com/abstract=1815959 or http://dx.doi.org/10.2139/ssrn.1815959

Andrew P. Powell (Contact Author)

Inter-American Development Bank (IDB) ( email )

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Universidad Torcuato Di Tella - School of Business ( email )

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Harvard University - Center for International Development (CID) ( email )

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