Europe has played the role of a green hegemon on the global arena for several decades. By exploring its green transition in the electricity industry, the article discusses whether Europe is on track with regard to delivering sustainable development in a core sector at home.

Norwegian deregulation was, together with the British, a pioneer forerunner in the restructuring of European electricity industry. The Norwegian and British model both had their distinct features: the British was based on privatisation, structural change and gradual opening up of the market. The...