The Era of Privatisation
Introduction
It was under the Thatcher government that the era of privatisation started and it was “the most radical change in the 20th century
British politics” (Young, 2001, p. 1).
From 1984 to 1991, the telecommunications, gas, water and electricity industries which were under government control, were sold to become privately owned and controlled.
The privatisation of the electricity industry occurred in 1990 but had already begun in 1987 with the creation of a programme describing the different tasks involved in privatising the generation, transmission and distribution of electricity.
According to Young (2001), the considerable number of privatisations can be explained by the intention of improving the efficiency and a more economic reason concerning the proceeds of the flotation. As far as the case of electricity is concerned, David Parker (1999) argues that the main reason was to promote competition and that all the producers of the four activities (generation, transmission, distribution and supply), could be divided into separate corporations responsible for each activity and open to competition.
After the privatisation of the electricity industry, a regulatory office was created, the Office of Electricity Regulation - also known as Offer. The need for regulatory bodies such as Offer can be explained for example by the requirement of preventing unfair competition when several companies work in the same fields or provide customers the same service, or the need to protect the work force.
Moreover, as Parker argues it can attract international attention.
This essay will firstly attempt to explain the situation of the electricity industry before 1997 and the changes it was subjected to, then it will identify the regulation office responsible for this industry and the role it plays, and finally it will highlight the benefits and the drawbacks of this regulation.
I- The situation of the British electricity industry
A) A historic review up to 1997
Ø The early days
As John Surrey (1996) explains, the Electricity industry existed for about 150 years and it has always required a form of regulation especially when the technology started progressing. The first model of regulation were acts of legislation taken for example after the First
World War, in 1926, by the Conservative Government to “establish the
Central Electricity Board as the owner of a national grid” (Surrey,
1996, p. XV).
Some of the issues were solved, such as the voltage distribution between the different regions but others remained, like the considerable numbers of suppliers. All these considerations tend to explain the nationalisation of the industry in 1948.
Ø Privatisation
State control lasted forty years until 1989, however the need to promote competition in generation and in retail electricity supply, and to separate the transmission from the generation, led the Thatcher
The movie is called "It's a Wonderful Life" because the film's George Bailey learns by the end of the movie what a truly blessed life he has lived. He learns this lesson thanks to the fact that he is given the opportunity by an angel to see what the world would've looked like had he never been born.
In his piece on climate change, Richard Lindzen addresses his stance on the heated debate of global warming. He claims that there is, in fact, no ongoing catastrophic temperature increase. Lindzen, a Professor of Meteorology at the Massachusetts Institute of Technology and a recipient of the Jule Charney award from the American Meteorological Society (Richard Lindzen), believes that the earth goes through natural phases of warming and cooling. In this piece, he examines why he believes people have a false conception of Earth’s climate shifts.
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The result of Mozart's discovered genius was not only the praise of hundreds across Europe during his childhood tour, but also the ever-watchful eye of Leopold Mozart, his ambitious and needy father. Because of Leopold's need to protect and constantly supervise his prized instrument, Mozart, Leopold grew dependent on his son and never ceased to remind Mozart of it. Eventually, like most child prodigies, the greater the parent's anxiety and the greater the pressure he puts on the child, the more internally resentful and conflicted the child becomes, stunting his transition into a grown man. In Leopold's letter to his wife and Mozart on September 25, 1777 from Salzburg, Leopold reminds Mozart to "ask for letters of recommendation and especially for a letter from the Bishop of Chiemsee." Leopold knows exactly how to reap profits and network through Mozart and doesn't fail to capitalize on that fact, even when Leopold is in Salzburg while Mozart is miles away on tour in Europe. After the tragic death of Maria Anna, Leopold Mozart's letter to his son on August 3, 1778 in Salzburg puts a large weight on Mozart, and even goes as far as to blame his son for Maria Anna's death. Realizing Mozart is no longer under strict scrutiny of a family member in close proximity, Leopold goes on to say, "rest assured, my dearest son, that if you stay away, I shall die much sooner." The situation Leopold presents his son is a complex one. Mozart is a young man seeking independence and fame now that his family is not following his every footstep, but his father has grown more dependent on Mozart than ever. Mozart is more internally conflicted between his ambitions and family obligations as ever, as he writes to his friend Abbe Bullinger on August 7, 1778: "You say that I should now think only of my father and that I should disclose all my thoughts to him with entire frankness and put my trust in him.
The book by David Archer (2009) includes details that will make the readers understand the future of climate change as well as past events that have changed the present climate, as we know it. David Archer is a professor of geophysical sciences at the University of Chicago and has done many public presentations on the earth’s climate change before releasing his book, the long Thaw.
Prostitution has been as issue in many societies around the world for almost all of recorded history. There has been evidence of brothels and prostitution dating far back into human history. Many different societies have different views, ideals, and reservation about the matter. Some cultures around the world view it as a necessary evil for people who need to support themselves and their families. Others view it as morally evil and socially destructive; helping to rot our society from the inside out. Even still there are cultures who don’t view it as evil at all and even a normal part of life. A person’s view on the act is formed largely based on the culture they are living in. Even sub cultures inside of larger one can have different view on the matter, such as religious groups that denounce it, to some groups in the same culture that say it is okay. Even the gauge of how industrialized a country can determine how that culture views prostitution, with many third world countries being more lenient on the matter, and many first world countries being much more strict on the matter, such as the some of the countries in Europe and also the United States.
So when the six-year-old Wolfgang had proved his extraordinary talents at the keyboard, Leopold was keen to exhibit those talents along with those of his gifted pianist daughter, Nannerl. Thus Leopold undertook a four month tour of Vienna and the surrounding area, visiting every noble house and palace he could find, taking the entire family with him. Mozart's first known public appearance was at Salzburg University in September of 1761, when he took part in a theatrical performance with music by Eberlin. Like other parents of his time, Leopold Mozart saw nothi...
To begin, prostitution is known as one of the oldest professions, and it dates as far back as 2400 BCE (Sexton and Cushman, Web). No one can pinpoint the origin, but is it really expected? Obviously, people have been sexually active for all of our existence. This is known because we are sitting here right now. Prostitution is treated differently everywhere in the world, and it continues to change as the times change. As more and more time passes, people become reluctant to the idea of prostitution, but back in the day they were all for it. For example, Greek literature references prostitutes continuously. One type of prostitute in the Greeks writings was called Hetaera which was an educated prostitute who was able to live dual lives. One life as a regular citizen and another as a prostitute, yet both of her lives were completely acceptable in these times. According to tradition brothels, places where prostitution was held, were “government-supported” and prostitution was an acceptable job in the the Greek era (Head, Web). In previous times sex was used as a form of payment and now sex is seen as a sign of affection.
In cystic fibrosis, a genetical condition that has a high population of young patients with multiple medical treatment requirements, it is of clinical importance to ensure compliance to their treatments in order to avoid a premature death. Behavioural economics can help here by addressing how we improve motivation with and perceived value of medical treatments – to improve overall patient compliance. In treatment compliance with children, up to 70% of patients with chronic illnesses have poor adherence (Haynes RB, 2002). Poor adherence to cystic fibrosis therapies may result in increased disease symptoms, decrease physical functioning, increased time in hospital, morbidity rates and mortality, as such an increased healthcare costs (Vibeke Bregnballe, 2011). Therefore the more compliant the more cost-effective treatments become, and the healthier the patients stays. It is also important to note that for every drug skipped represents a financial loss. Capgemini group reported in 2013 that the worldwide cost of non-adherence to be estimated at 564 billion dollars. So, if we get childre...
In 1789 James Madison introduced the Bill of Rights-the first ten amendments of the Constitution, to the First Congress. The Bill was heavily influenced by Virginia’s Declaration of Rights and used primarily to protect the citizen’s rights and liberties as well as, as a limitation on the federal government. The “original Constitution contained few guarantees” for civil rights and liberties therefore, the Bill of Rights strengthened them mitigating fears about the new national government (O’Brien 324). Madison and Anti-Federalists hoped to place the same restrictions on states. They found the Bill of Rights practical, explicit, and essential while Federalists found it unnecessary and potentially dangerous. Hamilton seeks justification against the Bill of Rights using the Constitution’s preamble which briefly notes the “liberty” and “prosperity” afforded to the American people (326). He also argues that the Bill may be dangerous because these exceptions being placed on powers have not yet been granted (326). Nonetheless, in September on 1789, Congress proposed 12 amendments to state legislatures which were shortly ratified thereafter in 1791 (326).
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of the capital goods is so high that it is not profitable for a second