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Essay text:
In order to pass savings onto the consumer, the electricity companies would have to work under certain restrictions imposed by the government and the electricity regulator, (OfGen), which were designed to prevent private monopolies exploiting the consumer.
The aim of this project is to investigate to what extent the industry has changed since these changes were implemented and how the price of electricity to consumers has been affected by these changes.
The privatisation of this industry has seen four main stages:
Firstly, British Electricity, a government run industry which was effectively a public monopoly ran from the 1960’s until the first step to privatisation in 1990...
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