Towards a semiology of the periodic review of UK regulated utilities

Cooper, Stuart M., Crowther, David and Carter, Chris (2001). Towards a semiology of the periodic review of UK regulated utilities. Financial Accountability and Management, 17 (3), pp. 291-297.


This note explores the regulatory process of UK privatised utilities through the periodic review of prices. It provides a brief history of the privatisation programme in the UK and the theoretical arguments for the price-cap regulation that has been used. It argues that regulatory process appears to involve a covert dialogue and exchange of information between the regulator and regulated and also a second separate review process that consists of an overt dialogue. Using a semiotic analysis the authors suggest that the unfolding of each of these overt reviews follows a very similar pattern that is constantly being re-enacted. It is concluded that further research is required into the relative importance of the two separate review processes in the setting of the price-cap.

Publication DOI:
Divisions: Aston Business School > Accounting
Aston Business School > Economics finance & entrepreneurship
Aston Business School
Aston Business School > Accounting Research Group
Additional Information: The definitive version is available at
Uncontrolled Keywords: privatixation,utility industries,price-cap regulation,semiology,UK
Full Text Link:
Related URLs:
Published Date: 2001-08
Authors: Cooper, Stuart M.
Crowther, David
Carter, Chris

Export / Share Citation


Additional statistics for this record