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Article: THE ELECTRICITY SUPPLY INDUSTRY: A STUDY OF AN INDUSTRY IN TRANSITION.
- Article from:
- National Institute Economic Review
- Article date:
- July 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 National Institute of Economic and Social Research. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Michela Vecchi [*]
In 1989 the UK began a process of transferring an almost wholly state-owned electricity supply industry (ESI) into a collection of privately-owned generation, transmission and distribution utilities. Using data from 1960-97, this paper aims to evaluate how the performance of the UK ESI has changed over time and to compare the UK performance with France, Germany and the United States in order to assess the impact of the liberalisation process. The study takes a whole industry approach, combining the four aspects of electricity production - generation, transmission, distribution and supply. The computation of labour and total factor productivity ...