The restructuring and privatisation of Britain's CEGB--was it worth it?

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Incentive regulation and investment: evidence from European energy utilities (2010, background): “Newbery and Pollitt (1997) and Domah and Pollitt (2001) show that UK regional electricity distribution companies increase their productivity and service quality after the introduction of incentive regulation.”
The arguments for and against ownership unbundling of energy transmission networks (2008, background): “separation of businesses ( Newbery and Pollitt, 1997, and Domah and Pollitt, 2001”
Winners and Losers: Assessing the Distributional Impact of Privatization (2003, background): “…(and more empirically determinable) circumstances: in their study of the privatization of the electricity sector in the United Kingdom, for example, Newbery and Pollitt (1997) show that in the first years following sale, the overwhelming bulk of the financial rewards generated by the substantial…”
Incentive Regulation and Its Application to Electricity Networks (2008, background): “Improvements in labor productivity and service quality have been documented for electric distribution systems in England and Wales, Argentina, Chile, Brazil, Peru, New Zealand and other countries (Newbery and Pollitt, 1997; Rudnick and Zolezzi, 2001; Bacon and Besant-Jones, 2001; Estache and Rodrigu”
Life cycle sustainability assessment of electricity options for the UK (2012, background): “When the UK electricity sector was privatised in 1990, coal produced 72% of electricity [17].”