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Utility regulation in Britain has now entered a phase in which debate is no longer so much concerned with whether it is preferable to rival systems but with how to shape the'regulatory contract’ in monopoly areas and, in potentially competitive areas, how to ensure rivalry.
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Utility regulation in Britain has now entered a phase in which debate is no longer so much concerned with whether it is preferable to rival systems but with how to shape the'regulatory contract’ in monopoly areas and, in potentially competitive areas, how to ensure rivalry.