Privatization in Britain brings winners, losers
Article Abstract:
The privatization of the natural gas industry in Britain, which began with the sale of British Gas (BG) in 1986, has generally benefitted large users and at the same time kept the prices low due to competition. The low price is likely due to a general fall in oil price, which started in the 1980s. The gas industry has generally shifted charges from large to small users as large users have greater choice, since they can always negotiate prices with the various suppliers. With industry being lightly regulated, BG has opportunities to move some costs to small consumers to meet new challenges.
Publication Name: Forum for Applied Research and Public Policy
Subject: Science and technology
ISSN: 0887-8218
Year: 1995
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Regulation, competition in natural gas industry
Article Abstract:
Government policies on natural-gas before Federal Energy Regulatory Commission (FERC) deregulated the prices were incorrectly based on the belief that policymakers could forecast demand, supply and prices of gas and anticipate problems and take timely corrective measures. For the natural-gas market to flourish, the government should recognize the huge capital costs involved and interdependence with the transportation network and provide enough statutory safeguards for these operations. Regulation at the federal, state and local levels should be better coordinated.
Publication Name: Forum for Applied Research and Public Policy
Subject: Science and technology
ISSN: 0887-8218
Year: 1995
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Decade of enterprise in the United Kingdom
Article Abstract:
The economic development measures adopted by the UK Parliament to reinvigorate deteriorating urban centers has elicited mixed response. Investors showed a preference for economically recoverable safe zones, but less likely and infrastructurally weak areas were overlooked. The result was that certain areas exhibited progress, but others remained with nominal changes. Overall, the reformation efforts indicated a healthy trend by generating new jobs and stimulating entrepreneurship.
Publication Name: Forum for Applied Research and Public Policy
Subject: Science and technology
ISSN: 0887-8218
Year: 1995
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Comment about this article or add new information about this topic:
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