UK energy policy

Heald, D. (1981) UK energy policy. Energy Policy, 9(2), pp. 99-112. (doi:10.1016/0301-4215(81)90173-7)

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Abstract

This article examines the hitherto neglected link between the system of economic and financial control exercised by the UK government over the nationalized energy industries and the wider objectives of energy policy. If designed appropriately, the control system can facilitate the achievement of energy policy objectives. If it is not, however, there can be severely damaging consequences both for these and for enterprise efficiency. The application of the control system to the energy sector must have regard for the distinctive characteristics of the latter, notably externalities, sectoral interdependence and the depletion of non-renewable resources. This article demonstrates that opportunities to establish a coherent policy towards the energy sector are now being missed and proposes a set of policy changes.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Heald, Professor David
Authors: Heald, D.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:Energy Policy
Publisher:Elsevier
ISSN:0301-4215
ISSN (Online):1873-6777
Published Online:02 July 2003

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