Editing Energy liberalisation (section)

==British model==
A standard model for electricity liberalisation is the "British model", a reform plan which consists of six reforms: (1) creation of a competitive market for electricity, (2) the breakup of monopolized supply such that each consumer can select their provider, (3) separation of network maintenance from generation, (4) separation of direct supply from the generation of electricity, (5) creation of an incentive structure to set market prices in monopolistic competition, and (6) the privatisation of formerly state-owned assets.<ref name=thomas2005>{{cite journal |title=British Experience of Electricity Liberalisation: A Model for India? |jstor=4417518 |journal=Economic and Political Weekly |author=Stephen Thomas |date=December 2005|volume=40 |issue=50 |pages=5260–5268 }}</ref> It was implemented under the [[Premiership of Margaret Thatcher|Thatcher years]] as part of a mass privatisation campaign of many of the industries nationalised by previous [[Labour Party (UK)|Labour]] governments in the preceding decades. The risks involved for both [[Electricity generation|generators]] and [[Electricity distribution|distributors]] have led to vertical re-integration.{{citation needed|date=October 2015}}