The UK’s privatized utilities experience: why the regulators are under attack

As demand mounts for a review of the UK’s privatized utilities regulatory system, focuses on an increasing public phenomenon ‐ that of conflict between regulators and regulatees. Identifies the factors contributing to the difficulties which the regulators face in carrying out their roles. Utilizes the benefit of hindsight to reach conclusions as to why the current attacks on the roles of the regulators are natural outcomes, flowing from the ways in which regulatory systems have been designed.