Water Privatization and Regulation in England and Wales

In 1989, the United Kingdom embarked on one of the first modern privatizations in the water sector, selling assets under license and setting up an independent economic regulator. An important regulatory innovation is its use of price caps and yards...

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Main Author:	van den Berg, Caroline
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ASSET VALUATION CERTIFICATION COST SAVINGS CROSS-SUBSIDIES CROSS-SUBSIDIZATION DEBT DIVIDENDS DRINKING WATER EFFICIENT WATER USE FINANCIAL VIABILITY INCOME INVESTMENT DECISIONS LOW-INCOME HOUSEHOLDS MANAGING WATER RESOURCES PERFORMANCE INDICATORS PRICE CAP REGULATION PRICE DISCRIMINATION PRIVATE COMPANIES PRIVATE UTILITIES PUBLIC OWNERSHIP QUALITY STANDARDS REGULATORY AGENCY REGULATORY REGIME RESIDENTIAL CUSTOMERS RIVER WATER RIVERS SERVICE STANDARDS SEWERAGE COMPANIES SEWERAGE SERVICES TARIFF STRUCTURE UTILITIES WATER AUTHORITIES WATER COMPANIES WATER CONSUMPTION WATER INDUSTRY WATER METERS WATER POLICIES WATER PRICING WATER QUALITY WATER RESOURCE WATER RESOURCE MANAGEMENT WATER RESOURCES WATER SUPPLY WATER SUPPLY COMPANIES WATER USE WILLINGNESS TO PAY WATER SUPPLY DENATIONALIZATION PRICING REGULATIONS PUBLIC ENTERPRISES WATER UTILITIES
Online Access:	http://documents.worldbank.org/curated/en/1997/05/441652/water-privatization-regulation-england-wales http://hdl.handle.net/10986/11585

id	okr-10986-11585
recordtype	oai_dc
spelling	okr-10986-115852021-06-14T11:03:56Z Water Privatization and Regulation in England and Wales van den Berg, Caroline ASSET VALUATION CERTIFICATION COST SAVINGS CROSS-SUBSIDIES CROSS-SUBSIDIZATION DEBT DIVIDENDS DRINKING WATER EFFICIENT WATER USE FINANCIAL VIABILITY INCOME INVESTMENT DECISIONS LOW-INCOME HOUSEHOLDS MANAGING WATER RESOURCES PERFORMANCE INDICATORS PRICE CAP REGULATION PRICE DISCRIMINATION PRIVATE COMPANIES PRIVATE UTILITIES PUBLIC OWNERSHIP QUALITY STANDARDS REGULATORY AGENCY REGULATORY REGIME RESIDENTIAL CUSTOMERS RIVER WATER RIVERS SERVICE STANDARDS SEWERAGE COMPANIES SEWERAGE SERVICES TARIFF STRUCTURE UTILITIES WATER AUTHORITIES WATER COMPANIES WATER CONSUMPTION WATER INDUSTRY WATER METERS WATER POLICIES WATER PRICING WATER QUALITY WATER RESOURCE WATER RESOURCE MANAGEMENT WATER RESOURCES WATER SUPPLY WATER SUPPLY COMPANIES WATER USE WILLINGNESS TO PAY WATER SUPPLY DENATIONALIZATION PRICING REGULATIONS PUBLIC ENTERPRISES WATER UTILITIES In 1989, the United Kingdom embarked on one of the first modern privatizations in the water sector, selling assets under license and setting up an independent economic regulator. An important regulatory innovation is its use of price caps and yardstick competition. The author highlights two lessons from U.K. regulatory experience: effective price cap regulation has heavy information requirements, and the necessary data and analytical tools take time to assemble. And such built-in checks and balances as financial autonomy for the regulator and status as an independent government department are not always enough to prevent political interference. 2012-08-13T15:27:51Z 2012-08-13T15:27:51Z 1997-05 http://documents.worldbank.org/curated/en/1997/05/441652/water-privatization-regulation-england-wales http://hdl.handle.net/10986/11585 English Viewpoint: Public Policy for the Private Sector; Note No. 115 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Europe and Central Asia United Kingdom
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ASSET VALUATION CERTIFICATION COST SAVINGS CROSS-SUBSIDIES CROSS-SUBSIDIZATION DEBT DIVIDENDS DRINKING WATER EFFICIENT WATER USE FINANCIAL VIABILITY INCOME INVESTMENT DECISIONS LOW-INCOME HOUSEHOLDS MANAGING WATER RESOURCES PERFORMANCE INDICATORS PRICE CAP REGULATION PRICE DISCRIMINATION PRIVATE COMPANIES PRIVATE UTILITIES PUBLIC OWNERSHIP QUALITY STANDARDS REGULATORY AGENCY REGULATORY REGIME RESIDENTIAL CUSTOMERS RIVER WATER RIVERS SERVICE STANDARDS SEWERAGE COMPANIES SEWERAGE SERVICES TARIFF STRUCTURE UTILITIES WATER AUTHORITIES WATER COMPANIES WATER CONSUMPTION WATER INDUSTRY WATER METERS WATER POLICIES WATER PRICING WATER QUALITY WATER RESOURCE WATER RESOURCE MANAGEMENT WATER RESOURCES WATER SUPPLY WATER SUPPLY COMPANIES WATER USE WILLINGNESS TO PAY WATER SUPPLY DENATIONALIZATION PRICING REGULATIONS PUBLIC ENTERPRISES WATER UTILITIES
spellingShingle	ASSET VALUATION CERTIFICATION COST SAVINGS CROSS-SUBSIDIES CROSS-SUBSIDIZATION DEBT DIVIDENDS DRINKING WATER EFFICIENT WATER USE FINANCIAL VIABILITY INCOME INVESTMENT DECISIONS LOW-INCOME HOUSEHOLDS MANAGING WATER RESOURCES PERFORMANCE INDICATORS PRICE CAP REGULATION PRICE DISCRIMINATION PRIVATE COMPANIES PRIVATE UTILITIES PUBLIC OWNERSHIP QUALITY STANDARDS REGULATORY AGENCY REGULATORY REGIME RESIDENTIAL CUSTOMERS RIVER WATER RIVERS SERVICE STANDARDS SEWERAGE COMPANIES SEWERAGE SERVICES TARIFF STRUCTURE UTILITIES WATER AUTHORITIES WATER COMPANIES WATER CONSUMPTION WATER INDUSTRY WATER METERS WATER POLICIES WATER PRICING WATER QUALITY WATER RESOURCE WATER RESOURCE MANAGEMENT WATER RESOURCES WATER SUPPLY WATER SUPPLY COMPANIES WATER USE WILLINGNESS TO PAY WATER SUPPLY DENATIONALIZATION PRICING REGULATIONS PUBLIC ENTERPRISES WATER UTILITIES van den Berg, Caroline Water Privatization and Regulation in England and Wales
geographic_facet	Europe and Central Asia United Kingdom
relation	Viewpoint: Public Policy for the Private Sector; Note No. 115
description	In 1989, the United Kingdom embarked on one of the first modern privatizations in the water sector, selling assets under license and setting up an independent economic regulator. An important regulatory innovation is its use of price caps and yardstick competition. The author highlights two lessons from U.K. regulatory experience: effective price cap regulation has heavy information requirements, and the necessary data and analytical tools take time to assemble. And such built-in checks and balances as financial autonomy for the regulator and status as an independent government department are not always enough to prevent political interference.
format	Publications & Research :: Viewpoint
author	van den Berg, Caroline
author_facet	van den Berg, Caroline
author_sort	van den Berg, Caroline
title	Water Privatization and Regulation in England and Wales
title_short	Water Privatization and Regulation in England and Wales
title_full	Water Privatization and Regulation in England and Wales
title_fullStr	Water Privatization and Regulation in England and Wales
title_full_unstemmed	Water Privatization and Regulation in England and Wales
title_sort	water privatization and regulation in england and wales
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1997/05/441652/water-privatization-regulation-england-wales http://hdl.handle.net/10986/11585
_version_	1764417265811324928

Water Privatization and Regulation in England and Wales

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