Keeping your eye on the ball – the Keeping your eye on the ball – the unexpected consequences of liberalisation unexpected consequences of liberalisation Carole Pitkeathley Carole Pitkeathley Head of Regulatory Affairs Head of Regulatory Affairs energywatch energywatch , UK , UK 11 October 2005 11 October 2005
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Keeping your eye on the ball – the unexpected consequences of liberalisation Carole Pitkeathley Head of Regulatory Affairs energywatch, UK 11 October 2005.
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Keeping your eye on the ball – the Keeping your eye on the ball – the unexpected consequences of unexpected consequences of
liberalisationliberalisation
Carole PitkeathleyCarole Pitkeathley
Head of Regulatory AffairsHead of Regulatory Affairs
energywatchenergywatch, UK, UK
11 October 200511 October 2005
• The UK energy market
• Off to a good start!
• Market structure and the social dimension
• The need for continued reform
Presentation Presentation
OverviewOverview
• 25 million electricity households
• 20 million gas households
• 2 million+ in fuel poverty
• Gas market opened in 1996
• Electricity market opened in 1998
• 66k electricity & 83k gas ‘switch’ each week
The UK The UK
Energy MarketEnergy Market
Off to a good Off to a good start!start!
• Choice
•Lowering prices
•Removal of supply price controls
•Abuse of dominant position prevented
•NETA
•Suppliers’ offerings were innovative and attractive – e.g. Dual Fuel
Levels of Switching in UKLevels of Switching in UK