Waterson, Michael, Giulietti, Monica and Otero, Jesus (2007) Pricing behaviour under competition in the UK electricity supply industry. Working Paper. Coventry: University of Warwick. Dept. of Economics. Warwick economic research papers (No.790).

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Abstract

This paper investigates the evolution of electricity prices for domestic customers in the UK following the introduction of competition. The empirical analysis is based on a panel data set containing detailed information about electricity supply prices over the period 1999 to 2006. The analysis aims to test theoretical hypotheses about the nature of consumers’ switching and search costs. The econometric analysis of persistence and price dispersion provides only
limited support for the view that the market is becoming more competitive and also indicates that there remain significant potential benefits to consumers from searching alternative suppliers.

Item Type:	Working or Discussion Paper (Working Paper)
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Electric utilities -- Great Britain -- Rates, Time series analysis
Series Name:	Warwick economic research papers
Publisher:	University of Warwick. Dept. of Economics
Place of Publication:	Coventry
Official Date:	2007
Dates:	Date Event 2007 Published
Number:	No.790
Number of Pages:	30
Institution:	University of Warwick
Status:	Not Peer Reviewed
Access rights to Published version:	Open Access (Creative Commons)

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