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Regulation, privatisation, energy, electricity


Newbery, D.M. (2000), Privatization, Restructuring and Regulation of Network Utilities, (The Walras-Pareto Lectures, 1995), MIT Press, 2000, ISBN 0-262-14068-3 pp466+xvi

L Bergman, G Brunekreeft, C Doyle, B-H von der Fehr, D M Newbery, M Pollitt, and P Regibeau, (1999). A European Market for Electricity? London: Centre for Economic Policy Research, ISBN 1 898128 42 1, pp 294+xxiii

Journal Articles

Gilbert, R.J., K. Neuhoff and D.M. Newbery (forthcoming) ‘Mediating market power in electricity networks’, Rand Journal of Economics (earlier version available)

Newbery, D.M. (2003) “Sectoral dimensions of sustainable development: energy and transport”, Economic Survey of Europe 2003 No. 2 forthcoming (presentation available)

Newbery, D.M. (2003) ‘Che cosa puó imparare l’Europa dalle privatizzasioni britanniche’ (What Europe can learn from British Privatisations’ Economia Pubblica, XXXIII (2), 63-76 (presentation available)

Newbery, D.M. (2003) ‘Network capacity auctions: promises and problems’, Utilities Policy, 11, 27-32 (paper available)

Newbery, D.M. (2003) ‘Regulatory challenges to European electricity liberalisation’ Swedish Economic Policy Review, 9(2), Fall, 9-44. (presentation available)

Newbery, D.M. (2002) ‘Regulating Unbundled Network Utilities’, Economic and Social Review, 33(1), Spring, 23-42. (earlier version available)

Newbery, D.M. (2002) ‘Problems of liberalising the energy utilities’, European Economic Review, 46, 919-927. (presentation available)

Newbery, D.M. (2002) “Economic Reform in Europe: Integrating and Liberalizing the Market for Services”, Utilities Policy, 10, 85-97 and CEPR Discussion paper 3183

Newbery, D. M. (1998) ‘The Regulator’s Review of the English Electricity Pool’, Utilities Policy, 7(3), 129-41 (earlier version available)

Newbery, D. M. (1998) ‘Freer electricity markets in the UK: a progress report’, Energy Policy, 26(10), 743-9; (available as the IAEE keynote address)

Newbery, D.M. (1998) ‘Competition, Contracts and Entry in the Electricity Spot Market’, RAND Journal of Economics, 29(4), Winter, 726-49. (DAE Working Paper 9707)

Newbery, D.M. and M.G. Pollitt (1997) ‘The Restructuring and Privatisation of the CEGB- Was it worth it’, Private Sector, Sep, 7-10 (abridged version of JIE paper).

Newbery, D.M. and M.G. Pollitt (1997) ‘The Restructuring and Privatisation of the CEGB- Was it worth it’, Journal of Industrial Economics, XLV (3), 269-303 (also Cambridge DAE Working Paper 9607)

Green, R. and D.M. Newbery, (1997) ‘Competition in the Electricity Industry in England and Wales’, Oxford Review of Economic Policy, 13(1), 27-46

Newbery, D. M. (1997) ‘Privatisation and Liberalisation of Network Utilities’, European Economic Review, 41(3-5), 357-84 (Presidential Address). Translated (into Hebrew) in The Economic Quarterly, 44(3), Nov 1997

Newbery, D. M. (1997) ‘Determining the Regulatory Asset Base for Utility Price Regulation’, Utilities Policy, 6(1), 1-8.

Newbery, D. M. (1995) ‘Power Markets and Market Power’, Energy Journal 16(3), 41-66

Newbery, D.M. (1995) ‘Removing coal subsidies: Implications for European electricity markets’, Energy Policy, 23(6), 523-33.

Newbery, D.M. (1994) ‘Restructuring and Privatising Electric Utilities in Eastern Europe’, The Economics of Transition, 2(3), 291-316, 1994 (also issued as IPR paper IPR66, December 1993).

Newbery, D.M. (1994) ‘The Impact of Sulfur Limits on Fuel Demand and Electricity Prices in Britain’ Energy Journal, 15 (3), 19-41.

Gilbert, R.J. and D.M. Newbery (1994) ‘The Dynamic Efficiency of Regulatory Constitutions’, Rand Journal of Economics, Vol. 25 No. 4, 538-54, previously issued as ‘Regulation Games’ CEPR Discussion Paper 267, September, 1988.

Newbery, D.M. (1993) ‘The Impact of EC Environmental Policy on British Coal’ Oxford Review of Economic Policy, Vol 9 No 4 Winter, 66-95

R. Green and D. Newbery (1993) ‘The Regulation of the Gas Industry: Lessons from Electricity’, Fiscal Studies, 14 (2), 37-52.

Newbery, D.M. (1992) ‘Az állami vállalatok szerepe a nemzetgazdaságban’, Külgazdaság, XXXVI. évfolyam 1992/11, pp4-19 (‘The Role of Public Enterprises in the National Economy’)

Newbery, D.M. (1992) ‘The Role of Public Enterprises in the National Economy’ Asian Economic Review 10(2), 1-34.

Newbery, D.M. (1992) ‘The Open-Loop von Stackelberg Equilibrium in the Cartel versus Fringe Model: A Reply’, Economic Journal, 102, (415) 1085-87, November.

Newbery, D.M. (1992) ‘Should carbon taxes be additional to other transport fuel taxes?’ Energy Journal, vol 13 No 2, 49-60.

Green, R.J. and D.M. Newbery, (1992) ‘Competition in the British Electricity Spot Market’, Journal of Political Economy, 100(5), October, 929-53

Karp, L. and Newbery, D.M. (1992) ‘Dynamically Consistent Oil Import Tariffs’, Canadian Journal of Economics, Feb 1992, 25(1), 101-21.

Karp, L. and Newbery, D.M. (1991) ‘OPEC and the U.S. Oil Import Tariff’, Economic Journal Supplement, 101, 303-13.

Karp, L. and Newbery, D.M. (1991) ‘Optimal tariffs on exhaustible resources’, Journal of International Economics, 30, 285-299.

Newbery, D.M. (1990) ‘Acid Rain’, Economic Policy, Vol 11, October, 297-346.

Dixit, A.K. and Newbery, D.M. (1985) ‘Setting the Price of Oil in a Distorted Economy’, Economic Journal (1985) Supplement, 71-82.

Newbery, D.M. (1981) ‘Oil Prices, Cartels and the Problem of Dynamic Inconsistency’, Economic Journal, 91, September, 617-46.

Newbery, D.M. (1975) ‘Congestion and Over-exploitation of Free Access Resources’, Economica, August, 243-60.

Chapters in Books

Newbery, D.M. (2003) ‘Risk, Reform and Privatisation’, ch. 29, pp 535-48, in Economics for an Imperfect World: Essays in Honor of Joseph Stiglitz, R. Arnott, B Greenmwald, R. Kanbur and B Nalebuff, (eds). Cambridge MA: MIT Press. ISBN 0-262-01205-7

Newbery, D.M. and T. McDaniel (2003) ‘Auctions and Trading In Energy Markets - An Economic Analysis’, Ch 10, pp195-234 in CRI Regulatory Review 2002/ 2003 P. Vass (ed.) (ISBN 1 85790 1142) Bath: Centre for the Study of Regulated Industries. (earlier version at )

Newbery (2000) ‘Markets, regulation and environment - a summing up’ pp361-372 in G. MacKerron and P. Pearson (eds) The International Energy Experience: Markets, Regulation and the Environment London: Imperial College Press,

Newbery, D.M. (1999) ‘EU Issues and Recommendations’ ch 13 (with L Bergman and N-H von der Fehr), pp 239-264, in A European Market for Electricity? L Bergman et al, London: CEPR

Newbery, D.M. (1999) ‘The Problems and Experiences of Liberalization’ ch 12 (with P Regibeau), pp 215-238, in A European Market for Electricity? L Bergman et al, London: CEPR

Newbery, D.M. (1999) ‘Hungary: Restructuring, Privatization, but Delayed Price Adjustment’ ch 11, pp 196-213, in A European Market for Electricity? L Bergman et al, London: CEPR

Newbery, D.M. (1999) ‘The UK Experience: Privatization with Market Power’ ch 6, pp 89-115, in A European Market for Electricity? L Bergman et al, London: CEPR

Newbery, D.M. (1999) ‘Liberalization and Regulation of Network Utilities’, ch 1, pp 3-29 of Contemporary Economic Issues, Vol 4, Economic Behaviour and Design, ed M. Sertel, International Economic Association, MacMillan Press, Basingstoke ISBN 0-333-69808-8 (Paper presented to IEA Congress in Tunis, December, 1995)

Newbery, D.M., (1998) ‘Pool Reform and Competition in Electricity’, ch.5, pp117-166 in M. Beesley (ed.) Regulating Utilities: Understanding the Issues, London: Institute of Economic Affairs, ISBN 0-255 36418-0, (also published as DAE Working Paper 9734, Cambridge: DAE, 1997).

Green, R. and D.M. Newbery, (1998) ‘The Electricity Industry in England and Wales’, ch4, pp77-107 in D. Helm and T. Jenkinson (eds.) Competition in Regulated Industries, Oxford: OUP ISBN 0-19-829253-8, reprinted from Oxford Review of Economic Policy, 13(1), 27-46

Newbery, D.M. (1998) ‘Rate-of-return regulation versus price regulation for public utilities’, contribution to The New Palgrave Dictionary of Economics and the Law, London: MacMillan.

Newbery, D.M. and M.G. Pollitt (1997) ‘The Restructuring and Privatisation of the CEGB- Was it worth it’, The Private Sector in Infrastructure; Strategy, Regulation and Risk, pp77-81, Washington: World Bank, reprinted from Private Sector, Sep 1997.

Green, R.J. and D.M.Newbery (1997) ‘Competition in the English Electricity Industry’ (in Finnish translation) in (ed) E.Lehto, Monopoli vai Kilpailu?, pp 124-161, Helsinki, Atena Kustannus, ISSN 0785-8388

Green, R. and D.M. Newbery, (1997) ‘Liberalisation of British Public Utilities’ pp135-169 in Karoe P. Hagen (ed.) Deregulering og konkurranse, Norway: Fagbokforlaget Vigmostad & Bjorke, ISBN: 82-7674-329-3

Newbery, D.M. (1997) ‘The Budgetary Impact of Privatization’, ch. 2, pp9-31 in Fiscal Policy and Economic Reforms, ed. by M.I. Blejer and T. Ter-Minassian, London: Rutledge ISBN 0-415-13739-X

Newbery (1996) ‘The Electricity Industry 1995/96’, ch 2, pp21-38 in Regulatory Review 1996, ed. P Vass, London: CIPFA/CRI, ISBN 0 85299 737 X

Newbery (1996) ‘The restructuring of UK energy industries: what have we learned?’ pp1-30 in G. MacKerron and P. Pearson (eds) The UK Energy Experience: A Model or a Warning? London: Imperial College Press, ISBN 1-86094-022-6

Gilbert, R.J., E.P. Kahn and D.M. Newbery (1996) ‘Introduction: International comparisons of electricity regulation’, ch 1, 1-24 in Richard J Gilbert and Edward P Kahn (eds) International Comparisons of Electricity Regulation, New York: Cambridge University Press, 1996 ISBN: 0-521-49590-3

Newbery, D.M. and R. Green (1996) ‘Regulation, public ownership and privatisation of the English electricity industry’, ch 2, 25-81 in Richard J Gilbert and Edward P Kahn (eds) International Comparisons of Electricity Regulation, New York: Cambridge University Press, 1996 ISBN: 0-521-49590-3

Newbery, D.M. (1995) ‘Regulatory Policies and Reform in the Electricity Supply Industry’, Chapter 14, pp279-306 of Regulatory Policies and Reform: A Comparative Perspective, ed. by Claudio Frischtak, Washington DC: World Bank, (Private Sector Development Department).

Karp, L. and Newbery, D.M. (1993) ‘Intertemporal Consistency Issues in Depletable Resources’, ch 19, pp 881-931, in Handbook of Natural Resource and Energy Economics, Vol III, eds A V Kneese and J L Sweeney, Noth-Holland, Amsterdam.

Newbery, D.M. (1992) ‘Credible Oil Supply Contracts’, pp 340-369 in P. Dasgupta, D. Gale, O. Hart and E. Maskin (eds.), Economic Analysis of Markets and Games: Essays in Honor of Frank Hahn, The MIT Press, Cambridge Mass and London.

Newbery, D.M. (1989) ‘Energy Policy Issues after Privatization’, chapter 2, pp 30-54 in The Market for Energy (ed. D. Helm, J. Kay and D. Thompson), Clarendon Press, Oxford.

Newbery, D.M. (1989) ‘Energy Policy in Britain’ chapter 5 in Pearson, P. (ed), Energy Policies in an Uncertain World, (MacMillan),

Newbery, D.M. (1987) ‘The privatisation of British Gas and possible consequences for the international gas market’, in Natural Gas Markets and Contracts, ed. R. Golombek, M. Hoel and J. Vislie, North-Holland.

Newbery, D.M. (1985) ‘Pricing Policy’, Ch 5, pp 77-113 Energy Self-Sufficiency for the UK? ed. R. Belgrave and M. Cornell, Gower, Aldershot.

Newbery, D.M. (1985) ‘Efficiency and Equity Criteria in Energy Pricing with Practical Applications to LDC’s in Asia’, Ch.3 (pp.65-88) of Criteria for Energy Pricing Policy, ed. by C. Siddayao (Graham and Trotman, London).

Newbery, D.M. (1984) ‘The Economics of Oil’, chapter 20, pp. 519-68 in R. van der Ploeg (ed.), Mathematical Methods in Economics, Wiley.

Newbery, D.M. (1981) ‘Externalities: The Theory of Environmental Policy’, Ch. 4 in Public Policy and the Tax System, ed. G. Heal and G. Hughes, Allen Unwin.

Newbery, D.M. (1978) ‘Investment Planning under Uncertainty in the Electric Utility Industry’, Ch. 3 and 4 of Analysis of Decision Methodology Relative to the Adoption of New Technology, E.P.R.I. RP. 1298-1 Palo Alto, Ca., August 1978.

Newbery, D.M. (1978) ‘Vertical Integration and Alternative Contracts as Responses to Uncertainty’, Ch. 3 of Vol. IV of above report.

Newbery, D.M. (1978) ‘The Effects of Policy Uncertainty on the Energy Industry’, Ch. 6 of Vol. III of Effects of Risk on Prices and Quantities of Energy Supplies, E.P.R.I. EA-700, Palo Alto, Ca., May.

Newbery, D.M. (1978) ‘The Theory of the Firm under Uncertainty’, Ch. 3 of An Overview of the Economic Theory of Uncertainty and its Implications for Energy Supply, by R. Gilbert, D. Newbery and J. Stiglitz, E.P.R.I. Special Report EA-586-SR, Palo Alto, Ca., January.

Published Conference Proceedings

Newbery, D.M. (1997) ‘Regulation of the Electricity Sector: Comments on some alternative models’, p7-19, International Seminar on Restructuring and Regulation of the Electric Power Sector, ed. A.E. Devoto: Buenos Aires: Ente Nacional Regulador de la Electricidad

Newbery, D.M. (1997) ‘Comments on Natural Monopoly Regulation’, ch 2, pp25-30 in Price Control in Network Industries: A Regulatory Review, Proceedings 19, Centre for the Study of Regulated Industries, London: CIPFA, ISBN 0 95299 787 6

Newbery, D.M. (1995) ‘A Experiência Internaticional Na Concesão de Servicos Públicos Como Paradigma Para O Caso Brasileiro’, Seminário “A Nova Lei de Concessões” Firjan/Cirj Banco Icatu, Rio de Janiero, 22nd May 1995.

Newbery, D.M. (1994) ‘UK Energy Policy versus EU Environmental Policy’, Conference Proceedings of 17th Annual International Energy Conference of the IAEE, Vol I, Stavanger, Norway.

Newbery, D.M. (1994) ‘The Impact of EC Environmental Policy on Gas Demand and Electricity Prices: Examples from Britain’ in International Conference on Energy Markets in Europe, Reykjavik 18-19 April 1994, Nordisk energiforsknings-samarbejde.

Papers not elsewhere listed

Newbery, D.M. (2001) ‘Harmonizing Energy Taxes in the EU’ (paper presented at the conference Tax Policy in the European Union, Ministry of Finance, The Hague, October 2001). (paper and slides available)

Newbery, D.M. (1998) ‘Liberalising and Privatising Telecoms: Lessons from the UK and US’, Paper prepared for the workshop on Economic Policy Making in the Newly Democratized Taiwan organised by the Institute for National Policy Research in Taipei, Taiwan, on 27 July, 1998

Newbery, D.M. (1998) ‘Government Task Force on the Industrial Use of Energy’, submitted to the Marshall Committee, acknowledged in Economic instruments and the business use of energy, by Lord Marshall (London: HM Treasury), p34

Newbery, D.M. (1998) Comments on Review of electricity trading arrangements: Interim conclusions submitted to Offer, 27 June (available as DAE mimeo and at Offer library).

Newbery, D.M. (1996) Memorandum submitted to the Trade and Industry Committee of the House of Commons, Nuclear Privatization, Memoranda, HC43-II, pp49-51. London: HMSO.

Newbery, D.M. (1995) ‘A Template for Power Reform’, Private Sector, September, 9-12. (World Bank).

Newbery, D.M. (1994) ‘Comments’ on Does Privatization Deliver?, ed. A. Galal and M. Shirley, World Bank EDI Development Studies, Washington DC, pp111-5.

Newbery, D.M. (1994) ‘The Economics of Clean Air Modifications and the Potential Impact on Electricity Prices’ Paper presented at the second annual Power Generation and Supply conference, London, 13-14 January, 1994.

Green, R.J, and D.M.Newbery (1993) ‘The Cost of Increasing British Coal’s Contract Sales’ in British Energy Policy and the Market for Coal, Memoranda of Evidence Volume II, HC 326 of 1992/93, pp 354-66

Green, R.J, and D.M.Newbery (1992) ‘Comments on NGC’s Use of System Charging Proposals’ (Submission to the Office of Electricity Regulation)

Reports to International Organisations

Newbery, D.M. (2001) ‘Regulating electricity to ensure efficient competition’, paper presented at the CEPR/ESRC Workshop on The Political Economy of Regulation, London, 1 November 2001, mimeo, (paper and slides available)

Newbery, D.M. (2001) ‘Bangladesh: Public Expenditure Review of Energy Sector’, World Bank Washington DC,

Newbery, D.M. (2001) ‘Issues and Options for Restructuring Electricity Supply Industries’, CMI EP01

Newbery, D.M. (2000) ‘Romania: Oil and Gas Reform’ chapter in Romania: Regulatory And Structural Assessment In The Network Utilities, Edited by Ioannis N. Kessides, World Bank Washington DC, 20546 RO

Newbery, D.M. (2000) ‘The Bulgarian Energy Sector’, World Bank Washington DC, February

Newbery, D.M. (1998) ‘The Czech Energy Sector’, World Bank Washington DC, November

Newbery, D.M. (1998) ‘The Hungarian Electricity Sector’, World Bank Washington DC, June

Newbery, D.M. (1996) ‘The design of regulatory mechanisms for the electricity supply industry of Eastern Europe’, Report for EBRD

Newbery, D.M. (1995) ‘Guidelines for Private Sector Involvement in the Electric Supply Industry of Eastern Europe’, Report for EBRD.

Newbery, D.M. (1995) ‘The Energy Sector’, ch 6, pp150-182 in Romania: Restructuring to face the World Economy, UNDP-World Bank Trade Expansion Program Country Report 14, Trade Policy Division, World Bank, Washington DC, Feb.

Professor David Newbery

Emeritus Professor and
Director of The Energy Policy Research Group (EPRG)

Research Group:
Empirical Microeconomics

CV: Curriculum Vitae

Contact Details
Room: 71
College: Churchill College