Enron Mail

From:mark.schroeder@enron.com
To:steven.kean@enron.com, richard.shapiro@enron.com, james.steffes@enron.com,jeff.dasovich@enron.com, margaret.carson@enron.com, rob.bradley@enron.com, govt.affairs@enron.com, nicholas.o'day@enron.com
Subject:Benefits of competition in electricity
Cc:john.sherriff@enron.com, joseph.hirl@enron.com, paul.mead@enron.com
Bcc:john.sherriff@enron.com, joseph.hirl@enron.com, paul.mead@enron.com
Date:Fri, 5 Jan 2001 05:56:00 -0800 (PST)

As we all deal with the fallout from the California scene, I wanted to make
sure everyone was aware of the recent report of the UK's National Audit
Office (a highly creible organisation, along the lines of the US's General
Accounting Office, even similar function; independent, too), saying that
household electricity bills had been cut by 750 million pounds (if you are a
Yank, multiply by 1.5 for dollars saved), since the industry was opened to
competition two years ago. Of course, much of this may be attributable to
the divestment of assets in the oligopolistic generation sector, now
competitive, but it is a very fari example of the benefits of competition and
should be cited as a counterweight to those arguing that competition is a
"failed experiment". Paul Dawson, head of our UK regulatory team, can
provide any necessary further insights./details. mcs