Gas Prices in the UK - Wright, Philip
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Nor is it the case that more competition, with more switching by consumers, can provide a remedy. Instead, the UK government will have to consider re-introducing price control regulation for domestic consumers while also requiring upstream companies to protect consumers from volatility by holding more gas in storage. As well as providing new insights into causes of relatively high gas prices in the UK, the book also provides a long-overdue source of reference about the UK gas industry: about its infrastructure, companies, marketplaces, contracts and regulation.
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Produktbeschreibung
Nor is it the case that more competition, with more switching by consumers, can provide a remedy. Instead, the UK government will have to consider re-introducing price control regulation for domestic consumers while also requiring upstream companies to protect consumers from volatility by holding more gas in storage. As well as providing new insights into causes of relatively high gas prices in the UK, the book also provides a long-overdue source of reference about the UK gas industry: about its infrastructure, companies, marketplaces, contracts and regulation.
This book provides insights into the reasons for dramatic increases in UK gas prices since 2003, contending that replacement of administered arrangements by market relationships and competition have made UK gas prices far more sensitive to insecurities of supply, both small-scale and large-scale, leading to the formation of an industry ownership structure.
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Autorenporträt
Philip Wright is Professor of Energy Policy and Economics at the University of Sheffield and a Fellow of UK's Institute of Energy. Over more than two decades his research, publications, consultancy and teaching have covered all the energy industries and the companies which operate in them. As well as contributing a critical perspective on the liberalisation of gas and electricity industries, his recent work has also addressed the UK's oil and gas fiscal regime. His views and expertise have been sought by government organisations, international organisations, companies, trade unions and universities in Europe and Latin America.