Evolution of the British Electricity Market and the Role of Policy for the Low-Carbon Future
David Newbery, Imperial College, London and Electricity Policy Research Group, University of Cambridge, Cambridge, UK
1 Introduction
The United Kingdom was the first European country to liberalize its electricity market in 1990 and set the model for subsequent European Union (EU) Electricity Directives that have driven EU liberalization and compelled unbundling of generation from transmission and distribution. In many ways, the United Kingdom has remained at the forefront of further reforms, and although subsequent policies often seem poorly ...
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