Energy liberalisation

[6] It was implemented under the Thatcher years as part of a mass privatisation campaign of many of the industries nationalised by previous Labour governments in the preceding decades.

[5] It would also lead to the elimination of unnecessary overhead supply in formerly nationalised markets, allowing for capital resources to be utilised more effectively on things such as network infrastructure instead of maintaining idle power stations.

[5] These increases in efficiency have led to lower prices paid by consumers in nations, such as the United Kingdom, which have more heavily pursued deregulation.

[7] The creation of pooled energy sources per the British model and other systems adopted in Chile and Texas have led to greater demand price-response, allowing for the more efficient use of electricity and increasing the response of consumers to prices so fewer costs are afforded to them.

[2] The privatisation of electricity favoured by liberal economists mirroring the British model have also led to increased expenditure on advertising and power switching incentives for consumers.