Summary

There is no implication that not much happened in Europe in terms of electricity restructuring. On the contrary, some European countries and particularly the UK and Norway were at the forefront of the movement. The whole story actually started in the UK under the strong leadership of Mrs Thatcher. Restructuring also took place in Norway with less disruption. Europe was also innovative for integrating electricity markets. Nordpool, which progressively developed around Norway and now comprises the Nordic countries besides Iceland, operates very well. None of these ...