Why Did Electricity Prices Fall in England and Wales? Market Mechanism or Market Structure?

The England & Wales Electricity Pool (‘the Pool’) began trading on 1 April 1990 and was the centrepiece of UK electricity market deregulation and price liberalisation. As one of the first examples of a competitive wholesale electricity market anywhere in the world’ it was copied, almost in entirety in some cases, by a number of other countries seeking to reform their electricity industry.

By: J. Bower

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