Can vertical disintegration, deregulation and innovation be a win, win, win for electricity markets?
The lecture will draw on experience in electricity markets across the United States to examine the extent to which vertical integration and regulation stifles the experimentation of producers and consumers. It will propose lessons which could be applied in the current enquiry into the energy supply market in the UK being conducted by the Competition and Markets Authority.
The Beesley Lectures are a series of eight annual lectures covering regulated industries in the UK. The lectures are held in memory of Professor Michael Beesley, who was a leading architect of the British system of utility regulation and a Managing Trustee of the Institute of Economic Affairs. He founded the series in 1991 and organised them until his death in 1999.
The lectures are taking place every Thursday between 2nd October and 20th November this year, at the Institute of Directors. Evenings will begin at 6.30pm and delegates are encouraged to network over refreshments until 7pm, when the lecture will commence. Lectures will last for one hour, followed by a 20-minute response before handing over to the audience for extended discussion. The proceedings will end at 8.45pm with refreshments.
For more information, click here.
The lectures are organised with the assistance of the Centre for Competition & Regulatory Policy, City University.
Sponsored by PwC.