Successful network utility privatisation requires incentive-based regulation that allows investment to be adequately rewarded form unsubsidised revenues while maintaining quality, and restructuring that permits effective competition for the network services. The potential for success and the...

The supply function model of the English electricity spot market is extended to include a contract market and contestable entry, both of which have dramatic effects on the determination of equilibrium. I present an analytically tractable model that can be solved with contracts, variable numbers...