One area where the UK has led the world is in the reform of its energy markets. In 1985 both gas and electricity were supplied by inefficient incumbent state-owned monopolists. Today the UK has the world’s most successful retail competition with competitive gas and electricity supply and efficient privately-run companies.
UK energy markets continue to be the example which many other countries aspire to follow. Successive European Energy Directives, including the key ones in 20…
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