In 1989, the United Kingdom embarked on
one of the first modern privatizations in the water sector,
selling assets under license and setting up an independent
economic regulator. An important regulatory innovation is
its use of price caps and yardstick competition. The author
highlights two lessons from U.K. regulatory experience:
effective price cap regulation has heavy information
requirements, and the necessary data and analytical tools
take time to assemble. And such built-in checks and balances
as financial autonomy for the regulator and status as an
independent government department are not always enough to
prevent political interference.
Bibliographic Details
| Main Author: |
van den Berg, Caroline |
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| Format: | Viewpoint
biblioteca
|
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| Language: | English |
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| Published: |
World Bank, Washington, DC
1997-05
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| Subjects: | ASSET VALUATION,
CERTIFICATION,
COST SAVINGS,
CROSS-SUBSIDIES,
CROSS-SUBSIDIZATION,
DEBT,
DIVIDENDS,
DRINKING WATER,
EFFICIENT WATER USE,
FINANCIAL VIABILITY,
INCOME,
INVESTMENT DECISIONS,
LOW-INCOME HOUSEHOLDS,
MANAGING WATER RESOURCES,
PERFORMANCE INDICATORS,
PRICE CAP REGULATION,
PRICE DISCRIMINATION,
PRIVATE COMPANIES,
PRIVATE UTILITIES,
PUBLIC OWNERSHIP,
QUALITY STANDARDS,
REGULATORY AGENCY,
REGULATORY REGIME,
RESIDENTIAL CUSTOMERS,
RIVER WATER,
RIVERS,
SERVICE STANDARDS,
SEWERAGE COMPANIES,
SEWERAGE SERVICES,
TARIFF STRUCTURE,
UTILITIES,
WATER AUTHORITIES,
WATER COMPANIES,
WATER CONSUMPTION,
WATER INDUSTRY,
WATER METERS,
WATER POLICIES,
WATER PRICING,
WATER QUALITY,
WATER RESOURCE,
WATER RESOURCE MANAGEMENT,
WATER RESOURCES,
WATER SUPPLY,
WATER SUPPLY COMPANIES,
WATER USE,
WILLINGNESS TO PAY WATER SUPPLY,
DENATIONALIZATION,
PRICING,
REGULATIONS,
PUBLIC ENTERPRISES,
WATER UTILITIES, |
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| Online Access: | http://documents.worldbank.org/curated/en/1997/05/441652/water-privatization-regulation-england-wales
http://hdl.handle.net/10986/11585
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