Titlebook: Making Energy Markets; The Origins of Elect Ronan Bolton Book 2021 The Editor(s) (if applicable) and The Author(s), under exclusive license

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Ronan Boltonhat anonymously published textbook on differential calculus was based on lectures given to the Marquis de l’H?pital in 1691-2 by the great Swiss mathematician, Johann Bernoulli. In the 1920s, a copy of Bernoulli’s lecture notes was discovered in a library in Basel, which presented the opportunity to

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Introduction: Making Energy Markets,eordered the relationship between states and national electricity systems. Fuel shortages in the immediate post-WWII period and rapidly growing economies in subsequent decades had prompted governments across the region to become tightly coupled with integrated generation and transmission organisatio

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Inventing Competitionme of the 1987 General Election, a number of key state-owned corporations and nationalised industries, including British Telecom and British Gas, had already been privatised. But despite the political momentum behind the privatisation programme of the Thatcher governments, there remained a strongly

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Trade-Offs: Competition or Cash?ry 1990, the flotation of the Area Boards—to be rechristened as Regional Electricity Companies (RECs)—in the first half of 1990, with flotation of the first generating company in autumn 1990 and the second in spring 1991. In the run up to this, the degree to which competition would jeopardise the sa

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Competition: A Work in Progress was in relation to the dominance of the two large generators in the wholesale power market. Much of the early debate centred around the design of the trading and settlement arrangements, known as the ‘Electricity Pool’, and the extent to which National Power and PowerGen were able to exert market p

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Europe: The Economic Logics of Tradelectricity trade between their national systems and including the electricity supply industry in the wider project of a European single market, to be achieved by 1992. A key economic driver for liberalisation of cross-border trade in Europe at this time was the electricity imbalances which existed i

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