Bibliography: How Energy Privatisation Bankrupted Britain

Hey everyone!

In the rush to get the video out last week, I didn't quite manage to prep a proper references list for launch day as I usually do.

So, here it is, a little late!

As ever, to avoid it being just a ridiculously long list of URLs, I've highlighted a few sources which I would suggest would be good starts for further reading.

But, if there are any particular aspects of the video you'd like to learn more about and want some pointers, let me know and I'll do my best to guide you in the right direction!

Cheers all!

Tom

Bibliography

Baines, Joseph, and Sandy Brian Hager. ‘Profiting Amid the Energy Crisis: The Distribution Networks at the Heart of the UK’s Gas and Electricity System’. Common Wealth, March 2022. https://uploads-ssl.webflow.com/5e2191f00f868d778b89ff85/622f520e724a38ea2fc7f3f0_CW_Profiting%20Amid%20the%20Energy%20Crisis.pdf.

Beckett, Andy. ‘The Right to Buy: The Housing Crisis That Thatcher Built’. The Guardian, 26 August 2015, sec. Society. https://www.theguardian.com/society/2015/aug/26/right-to-buy-margaret-thatcher-david-cameron-housing-crisis.

Bolton, Paul, and Iona Stewart. ‘Domestic Energy Prices’. House of Commons Library, 6 January 2023. https://commonslibrary.parliament.uk/research-briefings/cbp-9491/.

Boushey, Heather, and Helen Knudsen. ‘The Importance of Competition for the American Economy’. The White House, 9 July 2021. https://www.whitehouse.gov/cea/written-materials/2021/07/09/the-importance-of-competition-for-the-american-economy/.

British Gas ‘Tell Sid’ Advert Series (1986) - Ad #2. Online Video. YouTube, 2022. https://www.youtube.com/watch?v=-bv_wYwJ_6Y.

Browning, Charlotte. ‘Corporation Tax: Could We Have Raised More?’ Full Fact, 15:07:20.199267+00:00. https://fullfact.org/economy/corporation-tax-rates-and-revenues/.

Burton, John. ‘Privatization: The Thatcher Case’. Managerial and Decision Economics 8 (1987): 21–29.

Burton-Cartledge, Phil. Falling Down: The Conservative Party and the Decline of Tory Britain. London: Verso Books, 2021.

Carter, Chris. ‘3 December 1984: BT Is Sold off in a Gamble over Privatisation’. MoneyWeek, 3 December 2020. https://moneyweek.com/417238/3-december-1984-bt-is-sold-off-in-a-gamble-over-privatisation.

Chang, Ha-Joon. Economics: The User’s Guide. Pelican Introductions. London: Pelican, 2014.

China-Lusophone Brief. ‘Zara Founder Becomes REN Portugal’s Second-Largest Shareholder After China State Grid’. China-Lusophone Brief, 3 August 2021. https://www.clbrief.com/zara-founder-becomes-ren-portugals-second-largest-shareholder-after-china-state-grid/.

Cyrus, Candiece. ‘Failed UK Energy Suppliers Update’. Forbes Advisor, 18 February 2022. https://www.forbes.com/uk/advisor/energy/failed-uk-energy-suppliers-update/.

Department for Business, Energy & Industrial Strategy. ‘UK Energy in Brief 2022’. London: Department for Business, Energy & Industrial Strategy, 2022. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1094025/UK_Energy_in_Brief_2022.pdf.

Domah, Preetum, and Michael G. Pollitt. ‘The Restructuring and Privatisation of Electricity Distribution and Supply Business in England and Wales: A Social Cost-Benefit Analysis’. Fiscal Studies 22, no. 1 (2001): 107–46.

Edwards, Chris. ‘Margaret Thatcher’s Privatization Legacy’. Cato Journal, no. Winter 2017 (2017): 89–101.

Elliott, Larry. ‘UK Inflation Jumps to 11.1% on Back of Energy and Food Price Rises’. The Guardian, 16 November 2022, sec. Economics. https://www.theguardian.com/business/2022/nov/16/uk-inflation-rate-energy-price-rises.

Energy Networks Association. ‘Who’s My Network Operator?’ Energy Networks Association, n.d. https://www.energynetworks.org/customers/find-my-network-operator.

Fagan, Mary. ‘Price Fear as Gas Monopoly Is Ended’. The Independent, 22 December 1993. https://www.independent.co.uk/news/price-fear-as-gas-monopoly-is-ended-1469075.html.

Feder, Barnaby J. ‘Jaguar Set to Go Public’. The New York Times. 26 July 1984, sec. D.

Finch, Matt. ‘Monopoly Money: How the UK’s Electricity Distribution Network Operators Are Posting Big Profits’. Energy & Climate Intelligence Unit, September 2017. https://ca1-eci.edcdn.com/reports/ECIU_Monopoly_Money.pdf.

Get Your House in Order! Easy, Painless Ways to Cut Your Energy Use. Via ITV Martin Lewis Money Show. Online Video. TikTok, 2022. https://www.tiktok.com/@martinlewismse/video/7164431454196239622.

Gregory, Andy. ‘UK Power Cut: What Happened, Why It Was so Bad and Who Is to Blame for the Outage That Left 1 Million in the Dark?’ The Independent, 10 August 2019. https://www.independent.co.uk/news/uk/home-news/uk-power-cut-news-reason-cause-national-grid-cyber-attack-wind-energy-a9051146.html.

Guénette, Justin-Damien, and Jeetendra Khadan. ‘The Energy Shock Could Sap Global Growth for Years’. World Bank Blogs, 22 June 2022. https://blogs.worldbank.org/developmenttalk/energy-shock-could-sap-global-growth-years.

Hall, David. ‘Public Ownership of the UK Energy System - Benefits, Costs and Processes’. London: Public Services International Research Unit, University of Greenwich, April 2016.

Holder, Stuart. ‘Privatisation and Competition: The Evidence from Utility and Infrastructure Privatisation in the UK’. Helsinki: Organisation for Economic Co-operation and Development, 17 September 1998. https://www.oecd.org/unitedkingdom/1929658.pdf.

Hooper, John. ‘From the Archive, 7 November 1985: British Gas Privatisation to Break All Records’. The Guardian, 7 November 2013, sec. From the Guardian archive. https://www.theguardian.com/theguardian/2013/nov/07/british-gas-privatisation.

IBISWorld. ‘Industries with the Highest Profit Margin in the UK in 2023’. IBISWorld, 2023. https://www.ibisworld.com/default.aspx.

Inman, Phillip. ‘Put All of National Grid under State Control, Net Zero Campaigners Urge’. The Guardian, 15 January 2023, sec. Business. https://www.theguardian.com/business/2023/jan/15/put-all-of-national-grid-under-state-control-net-zero-campaigners-urge.

International Energy Agency. ‘Re-Powering Markets: Market Design and Regulation During the Transition to Low-Carbon Power Systems’. Paris: International Energy Agency, 2016.

———. ‘World Energy Employment’. France: International Energy Agency, 2022. https://iea.blob.core.windows.net/assets/a0432c97-14af-4fc7-b3bf-c409fb7e4ab8/WorldEnergyEmployment.pdf.

Jack, Simon, and Nick Edser. ‘Shell Reports Highest Profits in 115 Years’. BBC News, 2 February 2023, sec. Business. https://www.bbc.com/news/uk-64489147.

Küfeoğlu, Sinan, Michael Pollitt, and Karim Anaya. ‘Electric Power Distribution in the World: Today and Tomorrow’. Working Paper. EPRG Working Paper. Cambridge: University of Cambridge Energy Policy Research Group, August 2018. https://www.bennettinstitute.cam.ac.uk/wp-content/uploads/2020/12/Electric_power_distribution.pdf.

Lawson, Alex. ‘UK Price Cap on Household Energy Bills Expected to Cost £89bn’. The Guardian, 5 October 2022, sec. Economics. https://www.theguardian.com/business/2022/oct/05/uk-price-cap-on-household-energy-bills-expected-to-cost-89bn.

Lawson, Nigel. ‘Personal Equity Plans’. Hansard, 26 February 1987. https://hansard.parliament.uk//Commons/1987-02-26/debates/7f030be9-ee7f-4c10-8252-6aec745c73f7/PersonalEquityPlans#contribution-84b0268f-a841-4eac-9067-bae67d149e26.

Letza, Steve R., Clive Smallman, and Xiuping Sun. ‘Reframing Privatisation: Deconstructing the Myth of Efficiency’. Policy Sciences37, no. 2 (1 June 2004): 159–83. https://doi.org/10.1023/B:OLIC.0000048530.30139.98.

Littlechild, Stephen. ‘Competition and Price Controls in the UK Retail Energy Market’. Network, no. 63 (June 2017): 1–11.

Lotz, Amanda. ‘Amazon, Google and Facebook Warrant Antitrust Scrutiny for Many Reasons – Not Just Because They’re Large’. The Conversation, 24 June 2019. http://theconversation.com/amazon-google-and-facebook-warrant-antitrust-scrutiny-for-many-reasons-not-just-because-theyre-large-118370.

Macfarlane, Laurie. ‘Britain’s Energy Crisis Has Been Decades in the Making’. openDemocracy, 23 September 2021. https://www.opendemocracy.net/en/oureconomy/britains-energy-crisis-has-been-decades-in-the-making/.

Martin Lewis. ‘MoneySavingExpert.Com’. MoneySavingExpert.com, 15 June 2007. https://web.archive.org/web/20070615011144/http://moneysavingexpert.com/.

McCann, Jaymi. ‘How Much of the Energy Supply Comes from Russia and What It Means’. iNews, 4 August 2022. https://inews.co.uk/news/where-uk-gas-how-much-energy-supply-russia-1779418.

Miller, Adam. ‘LadBaby Martin Lewis Band Aid Cover Is Another Cynical Ego Boost’. HeraldScotland, 12 December 2022. https://www.heraldscotland.com/opinion/23185654.ladbaby-martin-lewis-band-aid-cover-cynical-ego-boost/.

Ministry of Housing, Communities and Local Government. ‘English Housing Survey: Energy Report, 2019-20’. London: Ministry of Housing, Communities and Local Government, 2021. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1055629/Energy_Report_2019-20.pdf.

Miser, Tom. ‘A Short History of the Evolving Uses of Natural Gas’. Power Engineering, 13 February 2015. https://www.power-eng.com/coal/a-short-history-of-the-evolving-uses-of-natural-gas/.

MoneySavingExpert. ‘MoneySavingExpert’, n.d. https://www.moneysavingexpert.com/.

Moore, John. ‘British Privatization—Taking Capitalism to the People’. Harvard Business Review, 1992. https://hbr.org/1992/01/british-privatization-taking-capitalism-to-the-people.

National Gas. ‘History of Gas Transmission in Britain’. nationalgrid, n.d. https://www.nationalgrid.com/about-us/what-we-do/our-history/history-gas-transmission-britain.

National Grid Group. ‘What’s the Difference between Electricity Transmission and Distribution?’ nationalgrid, n.d. https://www.nationalgrid.com/stories/energy-explained/electricity-transmission-vs-electricity-distribution.

National Infrastructure Commission. ‘Historic Energy Datasets’. National Infrastructure Commission, 14 November 2022. https://nic.org.uk/data/all-data/historic-energy/.

OFFER. ‘Review of Electricity Trading Arrangements’. Background Paper. Office of Electricity Regulation, February 1998. https://www.ofgem.gov.uk/sites/default/files/docs/1998/02/review-of-electricity-trading-arrangements-background-england-and-wales_0.pdf.

Office for National Statistics. ‘Profitability of UK Companies: October to December 2019’. Office for National Statistics, 28 April 2020. https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/bulletins/profitabilityofukcompanies/octobertodecember2019.

Office of Electricity. ‘Electricity 101’. Energy.gov, n.d. https://www.energy.gov/oe/electricity-101.

Ofgem. ‘Retail Market Indicators’. Ofgem, January 2023. https://www.ofgem.gov.uk/energy-data-and-research/data-portal/retail-market-indicators.

Our World in Data. ‘Electricity Production in the United Kingdom’. Our World in Data, n.d. https://ourworldindata.org/grapher/electricity-mix-uk?country=~GBR.

Parker, David. ‘The UK’s Privatisation Experiment: The Passage of Time Permits a Sober Assessment’. In Category 9: Industrial Organisation, 42. CESIFO Working Paper Series. CESifo, 2004. https://www.ifo.de/DocDL/cesifo1_wp1126.pdf.

Pearson, Lynn F. ‘The Energy Industry’. In The Organization of the Energy Industry, 68–161. London: Palgrave Macmillan, 1981.

Pipeline Safety Trust. ‘Pipeline Basics & Specifics About Natural Gas Pipelines’. Pipeline Safety Trust, 2015. https://pstrust.org/wp-content/uploads/2015/09/2015-PST-Briefing-Paper-02-NatGasBasics.pdf.

Practical Law. ‘National Transmission System (NTS) (Gas)’. Practical Law, 2023. http://uk.practicallaw.thomsonreuters.com/w-002-0449.

Press Association. ‘Royal Mail Shares: Lessons from 1980s Flotations’. The Guardian. 11 October 2013, sec. Business. https://www.theguardian.com/business/2013/oct/11/royal-mail-shares-lessons-1980s-flotations.

Price Bailey. ‘Over Half of Remaining UK Domestic Energy Suppliers Technically Insolvent’. Price Bailey, 26 January 2023. https://www.pricebailey.co.uk/press-releases/domestic-energy-suppliers/.

Quantrill, Kelly. ‘What Was the Cost of Friday’s UK Power Outage?’ Centre for Risk Studies, 14 August 2019. https://risk-studies-viewpoint.blog.jbs.cam.ac.uk/2019/08/14/what-was-the-cost-of-fridays-uk-power-outage/.

Reuters. ‘British Gas Stock Priced’. The New York Times. 22 November 1986, sec. 1.

Schumpeter. ‘IPOs Are a Racket. But Try Finding Something Better’. The Economist, 24 October 2019. https://www.economist.com/business/2019/10/24/ipos-are-a-racket-but-try-finding-something-better.

Sontakke, Mayur. ‘Natural Gas–Fired Power Plants Are Cheaper to Build’. Yahoo! Finance, 16 January 2015. https://finance.yahoo.com/news/natural-gas-fired-power-plants-210502117.html.

Stern, Jonathan P. ‘The British Gas Market 10 Years after Privatisation: A Model or a Warning for the Rest of Europe?’ Energy Policy25, no. 4 (March 1997): 387–92. https://doi.org/10.1016/S0301-4215(97)00021-9.

Stuart, Keith. ‘Nintendo Game Boy – 25 Facts for Its 25th Anniversary’. The Guardian, 21 April 2014, sec. Games. https://www.theguardian.com/technology/2014/apr/21/nintendo-game-boy-25-facts-for-its-25th-anniversary.

Switchcraft. ‘Energy Suppliers’. Switchcraft, n.d. https://www.switchcraft.co.uk/energy-suppliers/.

Taaffee-Maguire, Sarah. ‘British Gas Owners Centrica Report Record Profits as Energy Costs Soar’. Sky News, 16 February 2023. https://news.sky.com/story/profits-triple-at-british-gas-parent-company-12812171.

Thatcher, Margaret. The Downing Street Years: 1979-1990. New York: HarperPerennial, 1995.

The Mont Pelerin Society. ‘Statement of Aims’. The Mont Pelerin Society, 8 April 1947. https://www.montpelerin.org/statement-of-aims/.

The New York Times. ‘Sale of British Aerospace’. The New York Times. 2 May 1985, sec. D.

Thomas, Nathalie, Patrick Mathurin, and Jim Pickard. ‘UK’s Reliance on Gas Imports to Increase to 70% by 2030’. Financial Times. 10 February 2022, sec. UK energy. https://www.ft.com/content/f10b57f7-818a-4d3a-be7c-ad65fd3f87d3.

U.S. Bureau of Labor Statistics. ‘Consumer Price Index Summary’. U.S. Bureau of Labor Statistics, 13 December 2022. https://www.bls.gov/news.release/cpi.nr0.htm.

Veetrag, Kumar. ‘Optimizing Costs the Zara Way’. Enparadigm(blog), 17 May 2014. http://enparadigm.com/blog/optimizing-costs-zara-way/.

Vickers, John, and George Yarrow. ‘The British Electricity Experiment’. Economic Policy 6, no. 12 (1991): 187–232.

Warwick-Ching, Lucy. ‘1986: British Gas Privatisation and the Search for Sid’. Financial Times. 24 November 2007, sec. Life & Arts. https://www.ft.com/content/76bfe9c8-9706-11dc-b2da-0000779fd2ac.

We Own It. ‘Biggest Ever Poll Shows Huge Support for Nationalisation’. We Own It, 16 August 2022. https://weownit.org.uk/blog/biggest-ever-poll-shows-huge-support-nationalisation.

Weghmann, Vera. ‘Going Public: A Decarbonised, Affordable and Democratic Energy System for Europe; The Failure of Energy Liberalisation’. European Public Services Union, 2019. https://www.epsu.org/sites/default/files/article/files/Going%20Public_EPSU-PSIRU%20Report%202019%20-%20EN.pdf.

Wild, Morgan. ‘Energy Consumers’ Missing Billions: The Profits Gifted to Energy Networks’. Citizens Advice, 2017. https://www.citizensadvice.org.uk/Global/CitizensAdvice/Energy/EnergyConsumersMissingBillions.pdf.

Winskel, Mark. ‘When Systems Are Overthrown: The “Dash for Gas” in the British Electricity Supply Industry’. Social Studies of Science 32, no. 4 (2002): 563–98.

Wirfs-Brock, Jordan. ‘Lost In Transmission: How Much Electricity Disappears Between A Power Plant And Your Plug?’ Inside Energy, 6 November 2015. https://insideenergy.org/2015/11/06/lost-in-transmission-how-much-electricity-disappears-between-a-power-plant-and-your-plug/.

Wise, Peter, and Leslie Hook. ‘China’s State Grid to Take 25% Stake in REN’. Financial Times, 2 February 2012. https://www.ft.com/content/41a0c572-4dba-11e1-b96c-00144feabdc0.

Yates, Jack. ‘The National Grid Rip-Off’. Tribune, 11 April 2022. https://tribunemag.co.uk/2022/04/national-grid-sale-privatisation-climate-crisis.