The Emergence and Performance of the Bond Funded Water Company in the UK. The case of Glas Cymru
Author
Brooksbank, David
Pickernell, David
Kay, Adrian
Kassim, Badrul
Date
2009Type
Article
Publisher
Intersentia
Metadata
Show full item recordAbstract
The not-for-profit debt-funded and large scale outsourcing of Glas Cymru (GC) is unique in the England and Wales context, representing a fascinating case in water industry structure and regulation. This paper examines the sustainability, desirability and wider feasibility of the GC model, compared with other water industries within the EU in general, and private-equity funded water companies in England in particular. Whilst GC’s structure seems both suitable and desirable for its specific situation, research indicates that a particular set of circumstances surrounding GC’s creation including advantages of timing and political support from Welsh Assembly Government, may make widespread feasibility of such a structure unrealistic within current regulatory structures for the water industry.
Journal/conference proceeding
Competition and Regulation in Network Industries
Citation
Brooksbank, D. Pickernell, D. Kay, A. & Kassim, B. (2009) 'The Emergence and Performance of the Bond Funded Water Company Model in the UK: The case of Glas Cymru', Competition and Regulation in Network Industries, 10, 3, 211-234, Intersentia.
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