Abstract
Great Britain is often cited as a historical example in discussions of energy policy, due to both its early and deep energy liberalisation and its early commitments to climate protection. This chapter reviews past and current British energy security policy to elicit a wider understanding of the importance of security and resultant policy. Various alternative strategic approaches to energy security are outlined, drawing possible policy recommendations and implications for energy security policy into the future.
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Notes
The Regulatory State Paradigm is defined by Moran (2003) as a political paradigm characterised by light-touch, independent regulation of market-led solutions.
Market failures may arise when the Government (the ‘Principle’) delegateresponsibility to energy suppliers (the ‘Agents’), and when there is a conflicof interests between the principal and the agent.
See Hall and Soskice (2001) for a full discussion of varieties of capitalism.
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© 2013 Iain Soutar and Jess Whiting
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Soutar, I., Whiting, J. (2013). Energy Security Policy in Britain: Markets, Complexity and Challenges. In: Mitchell, C., Watson, J., Whiting, J. (eds) New Challenges in Energy Security. Energy, Climate and the Environment Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137298850_4
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DOI: https://doi.org/10.1057/9781137298850_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-45248-4
Online ISBN: 978-1-137-29885-0
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)