“There are occasions when questions about satire and in fact go beyond a joke. Things have become so ridiculous that laughter is incredibly painful., The UK electricity privatization and regulation of business has now reached that point.” So began an article in the March 1995 issue of the Energy Economist. This quote captures the depths that had fallen the credibility of the UK program to regulate its power supply companies. What happened to a system of regulation tout … Read more »

“There are occasions when questions about satire and in fact go beyond a joke. Things have become so ridiculous that laughter is incredibly painful., The UK electricity privatization and regulation of business has now reached that point.” So began an article in the March 1995 issue of the Energy Economist. This quote captures the depths that had fallen the credibility of the UK program to regulate its power supply companies. What was to be a system of regulation happens touted as a model for the rest of the world model, most experts believe was a substantial improvement on yield arrangements that are widely used in the U.S.? The core of the British system performance-based prices were either adopted or taken into account in more than 30 countries. It was the new wave of regulation. But in the UK, they had run smack into one of the largest political and financial furor in recent times. HKS case number 1619.0.
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Henry Lee
6 pages.
Release Date: 1 January 1998. Prod #: HKS862-PDF-ENG
Price Cap: The British efforts to promote regional distribution companies HBR case solution Regulate

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