The Wholesale Electricity Market in Britain – 1990-2001

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1、PublicServicesInternationalResearchUnit(PSIRU)TheWholesaleElectricityMarketinBritain–1990-2001SteveThomas1PSIRU,UniversityofGreenwich,LondonAugust20011Introduction.....................................................................................................................22.Thest

2、ructureoftheBritishelectricityindustry..............................................................33.TheDesignofthePowerPoolandNETA......................................................................33.1ThePowerPool.....................................................................

3、..................................33.2NETA......................................................................................................................44.WhywasitbelievedthePowerPoolfailed?...................................................................44.1PoorDesignofthePool

4、..........................................................................................54.2Concentrationofthemarket....................................................................................54.3Lackofconsumercompetition.........................................................

5、.......................64.4Dominanceoftransitionalcontracts,increasednuclearoutputandnewgas-firedplantsbuiltbytheretailsupplycompanies.........................................................................64.5Verticalintegrationofgenerationandretailsupply...............................

6、.................74.6ConclusionsonthePool..........................................................................................85.Whywassomuchmoneyinvestedinnewpowerplants?..............................................85.1Whywastheplantbuilt?..........................................

7、...............................................85.2Theresultsofthe‘dashforgas’..............................................................................95.3Investmentinacompetitivegenerationmarket....................................................106.NETA............