Abstract
This chapter looks at the regulation of the regional electricity companies (RECs), and the conduct of the Office of Electricity Regulation (Offer). The repeated interventions — the two attempts at the 1994/95 periodic review, as well as the subsequent payouts from the flotation of the National Grid Company (NGC), and then the windfall tax — represented not only ‘regulatory failures’, but also served to undermine the credibility of the price-cap RPI-X regime.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Paper version not known
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
