“…To explore the wider industrial organizational issues in the NESI, this paper uses the SCPR framework. The SCPR framework shown in Figure 2.1 was developed by Peng and Poudineh (2016) to understand the causal links and interdependencies that exist within the electricity and gas sectors, in order to explain the performance of both sectors in the UK. The SCPR framework argues that the regulatory aspect is a critical dimension of analysis because government regulation, which governments usually introduce to protect consumers and correct imperfect markets, can alter the SCP dynamic and the performance in the market.…”