Restructuring Public Utilities for Competition

Public utility industries, once regarded as monolithic monopolies, in fact are made up of many separate activities, many of which can sustain effective competition. Experience shows that introducing competition into these industries leads to enhanced efficiency and greater innovation as well as benefits for consumers such as lower prices, better service and greater variety. But owners of bottleneck facilities are often in a position to restrict or limit the growth of competition. There is a growing realisation that fundamental structural changes are often necessary if the full benefits of comp