New accountabilities in utilities: fifty years of legal accountability in the gas industry


Conrad, Lynne and Waddams Price, Catherine (2001) New accountabilities in utilities: fifty years of legal accountability in the gas industry. Energy Policy, 29, (15), 1357-1361. (doi:10.1016/S0301-4215(01)00042-8).

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Description/Abstract

Privatisation was to have released the nationalised industries from the ‘dead hand of government’. Regulation with a ‘light hand’ was imposed to curb abuse of monopoly power. But as the industries have matured in the private sector we have seen regulation extended to cover a wider area, both in theory and in practice. This paper examines the change in responsibilities and the way they are divided between industry, regulator and government, tracing the legal accountability of the UK gas industry through nationalisation, privatisation and more recent regulation reform as an example. It concludes by questioning the appropriateness of the ‘vertical separation’, instituted by the privatisation and competition legislation, of responsibilities for the public interest and for organisational operations.

Item Type: Article
ISSNs: 0301-4215 (print)
Keywords: ublic interest, regulated utilities, accountability
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Business and Law > Southampton Management School > Accounting
ePrint ID: 344826
Date Deposited: 16 Nov 2012 11:47
Last Modified: 27 Mar 2014 20:26
URI: http://eprints.soton.ac.uk/id/eprint/344826

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