Electricity Market Reform: So what's new?

David Toke, Keith Baker

Research output: Contribution to journalArticle

3 Citations (Scopus)
6 Downloads (Pure)

Abstract

The British government has restructured Britain’s electricity markets through a programme of electricity market reform (EMR). Energy security and climate change mitigation are public goods that are prioritised. Cultural theory (CT) is used to explain changes in the regulatory regime under EMR. EMR involves an incomplete shift from ‘individualist’ to ‘hierarchical’ frames of regulation. Conflicts between these frames hamper the institutional design of EMR. This has obstructed deployment of nuclear power. Policymakers must fit the cultural framing to suit their preferred public good and not expect a defined public good to emerge from a preferred mix of cultural bias.
Original languageEnglish
Pages (from-to)445-461
Number of pages17
JournalPolicy & Politics
Volume44
Issue number4
Early online date2 Sep 2015
DOIs
Publication statusPublished - Oct 2016

Keywords

  • cultural theory
  • electricity
  • low carbon
  • regulation

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