Question

CASE
The British Electric Supply Industry operates its functions, with the help of various
electric companies. These companies produce electricity with various sources, such
as coal, gas and wind. The tariffs are different for different energy producing
companies. British electrary tantis create substantial welfare loss equivalent to
between six and twenty percent of domestic consumption value. Losses are greater
than un priced distributional and environmental counter effects. Under current
tariffs, expected technological change will reduce total welfare. To deal with
production losses, British Government passed an act, to invite new companies, with
better technology, so that the cost of producing electricity can be reduced.
Deployment of distributed energy resources (es solar) benefits adopters at the
expense of non-adopters as tariffs are recalibrated to recover fixed costs. But it is
observed that even then, after the entrance of new companies, the losses cannot be
recovered and the cost of production further goes up.
Keeping in view the scenario, identify that, under which type of industry the
Rritish Electric Supply Industry is working? Also explala the rationale for the
identification​

Answer 1

Explanation:

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