This paper considers the evolution of the British model of independent utility regulation from the publication of the 1983 Littlechild Report on telecom regulation. Over the last ten years, the model has faced some threats to its pro-competition emphasis, notably in energy regulation and...

More than thirty years since the ‘Littlechild Report’ put forward an agenda for incentive-based and competition-driven regulation, the time has come to reconsider its legacy. This article places the debates surrounding utility regulation in context. First, it suggests that at least three...

The paper has as its main objective the design of a framework for valuing water in England and Wales in the medium-term i.e. 2015–2020/25. However, the paper addresses this in the context of what would be the most appropriate long-run market and trading framework for the efficient abstraction...