Energy, the State, and the Market
British Energy Policy Since 1979 2nd Revised edition
By (author) Dieter Helm
Normal Price: $90.95
Your Price: $81.86 AUD, inc. GST
Shipping: $7.95 per order
You Save: $9.09! (10% off normal price)
Plus...earn $4.09 in Boomerang Bucks
Availability: Available to Backorder, No Due Date for Supply
Energy, the State, and the Market by Dieter Helm
Book DescriptionThe transformation of Britain's energy policy in the last two decades has been more radical than any such change in developed economies. Since 1979 the great state energy monopolies created after the Second World War have been privatised and made subject to competition. Images of Arthur Scargill and the miners' strike of the 1980s remain vivid, but what effect has the new market philosophy had on Britain's energy industries? Since 1979 the National Coal Board, British Gas, and the Central Electricity Generating Board have all been broken up. Energy trading, electricity pools, auctions, and futures markets first developed, but they failed to solve the old energy policy problems of security of supply and network integrity, and the new ones of the environment and reliance on gas. The government introduced a new regulatory regime as a temporary necessity but regulation did not wither away, rather it grew to be more pervasive. Changing the ownership of the industries did not reduce the government's involvement, it simply changed its form. The 1980s and 1990s were years of energy surpluses and low fossil-fuel prices. There was little need to invest, and much of the investment in the so-called dash for gas was artificially stimulated. The new owners sweated the assets, and engaged in major financial engineering. Takeovers consolidated the industry into a smaller number of dominant firms. As investment priorities became more urgent, with the environmental pressures of climate change and the gradual switch to imported gas, the market philosophy was found wanting. Energy policy could not rely solely on the market. And it is the government which finds itself responsible for resolving the core issues of energy policy. Helm's book tells this story. It is a major study of the new market approach to energy policy in Britain since 1979. It describes the miners' strike, the privatisations of the gas, electricity, nuclear generation, and coal industries, and looks at events such as the dash for gas, regulatory failures in setting monopoly prices, and the takeovers and the consolidations of the late 1990s. Helm sets out the achievements of the new market philosophy, but also analyses why it has ultimately failed to turn energy industries into normal commodity businesses. The revised paperback edition includes a new chapter on the White Paper on a low-carbon economy and updated discussions on nuclear power, to incorporate the 2003 Nuclear White Paper, price reviews, and emissions trading.
Buy Energy, the State, and the Market book by Dieter Helm from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780199270743
(233mm x 156mm x 28mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 19-Feb-2004
Country of Publication: United Kingdom
Books By Author Dieter Helm
Burn Out, Hardback (March 2017)
An energy revolution is under way with far-reaching consequences for nations, companies, and the way we address climate change
Nature in the Balance, Hardback (January 2014)» View all books by Dieter Helm
This book addresses the economic and policy issues involved in biodiversity protection. It brings together conceptual and empirical work on valuation, international agreements, the policy instruments, and the institutions.
» Have you read this book? We'd like to know what you think about it - write a review about Energy, the State, and the Market book by Dieter Helm and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Dieter Helm
Dieter Helm is Official Fellow in Economics at New College, Oxford. He has been a member of the Department of Trade and Industry's Energy Advisory Panel since 1993 and is also Chairman of the Academic Panel of the Department for Environment, Food and Rural Affairs. He is a director of Oxford Economic Research Associates Ltd (OXERA) and has advised governments, regulators, and major companies in the UK and internationally.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2017. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.