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2010/1 Module Catalogue
Module Provider: Economics Short Name: ECOM038
Level: M Module Co-ordinator: EVANS J Ms (Economics)
Number of credits: 15 Number of ECTS credits: 7.5
Module Availability


Assessment Pattern
Unit(s) of Assessment

Weighting Towards Module Mark (%)

2 hour Examination




Qualifying Condition(s)
A weighted aggregated mark of 50% is required to pass the module.
Module Overview

This module will examine the use of regulation in the Gas and Electricity network industries and general energy policy. Although the principal focus will be on the UK experience, overseas examples will also be discussed, including developed and developing countries


Undergraduate degree in economics or equivalent, ECOM026 Energy Economics and Technology, ECOM020 Microecomics, ECOM021 Macroeconomics

Module Aims

To provide students with a solid, well rounded prespective of the issues faced by regulators when regulating the gas and electricity industries both in the UK and abroad. To provide students with an understanding of energy policy both in the UK and abroad

Learning Outcomes

By the end of the module students will:-

  • Understand the main features of gas and electricity industries
  • Understand the performance of gas and electricity industries under regulation
  • Be aware of the strengths and weaknesses ascribed to the regulatory environment in these industries in the UK (reference is also made to the USA and Europe)
  • Be aware of the aims and objects of energy policy
  • Be aware and understand the constraints of energy policy
  • Understand the economics of energy policy
  • Be aware of the strengths and weaknesses of different energy policies
  • Module Content

    The following is an indication of the likely topics to be covered:-

  • History of privatisation and regulation issues in the UK
  • PRI-X yardstick competition and efficiency analysis
  • UK Electricity since privatisation: Structure and performance
  • UK Electricity since privatisation: Competition and assessment
  • UK Gas since privatisation: Structure, performance and competition
  • Security of supply of gas and electricity in the UK (and the rest of the world)
  • Environmental security
  • Methods of Teaching/Learning

    Lectures (20 hrs)

    Selected Texts/Journals

    There is no up-to-date single text that is suitable for the module. The module will draw primarily on journal articles with specific readings given for each topic as the module progresses

    Last Updated

    28 September 2010