A Counterfactual Price Analysis of British Electricity Privatisation

Research output: Contribution to journalArticlepeer-review

15 Citations (SciVal)


The aim of this paper is to challenge the widely held view that electricity privatisation in Great Britain (comprised of the markets of England and Wales, and Scotland) was beneficial simply because the price of electricity has subsequently fallen in real terms. This is carried out by comparing the electricity prices actually observed with those that might have been charged had the industry remained in public ownership. In order to do this the paper develops a counterfactual scenario for the likely decisions and effects of a publicly owned industry. This leads the paper to conclude that observed prices are indeed significantly higher than they would have been had privatisation not occurred.
Original languageEnglish
Pages (from-to)31-46
Number of pages16
JournalUtilities Policy
Issue number1
Publication statusPublished - 2000


  • Electricity; Privatisation; Counterfactual price analysis


Dive into the research topics of 'A Counterfactual Price Analysis of British Electricity Privatisation'. Together they form a unique fingerprint.

Cite this