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- Title
Markets, imperfections and the dangers of over-regulating energy markets.
- Authors
Robinson, Colin
- Abstract
Government regulation in general has over-expanded. However, in British energy markets, a new form of regulation, concentrating on promoting competition in gas and electricity, has emerged to the benefit of consumers. If the government pursues its policy of targeting favoured energy activities, these gains will disappear, the costs of achieving environmental targets will be unnecessarily heavy and energy markets will be re-politicised.
- Subjects
ECONOMIC development; ENERGY industries; GOVERNMENT agencies; ECONOMIC policy; POWER resources; MARKETS
- Publication
Economic Affairs, 2004, Vol 24, Issue 2, p52
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/j.1468-0270.2004.00474.x