Strategic change in the market for domestic electricity in the UK
Brigham, Bitten and Waterson, Michael (2003) Strategic change in the market for domestic electricity in the UK. Discussion Paper. [Warwick Business School, Centre for Management under Regulation].
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Official URL: http://www2.warwick.ac.uk/fac/soc/wbs/research/cmu...
This paper examines developments in the market for domestic electricity supply in the UK since September 1998 when the market was thrown over to competition using a variety of sources including firm interviews and a consumer questionnaire. We find that there was a substantial amount of entry, but that there has since been significant consolidation. There is still a substantial gap between the prices set by a firm in its incumbent area and prices obtainable from entrants to the market. There is no evidence
that the market is near to Bertrand in operation.
|Item Type:||Working or Discussion Paper (Discussion Paper)|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculty of Social Sciences > Warwick Business School|
|Library of Congress Subject Headings (LCSH):||Electric utilities -- Great Britain, Public utilities -- Deregulation -- Great Britain, Competition -- Great Britain|
|Publisher:||[Warwick Business School, Centre for Management under Regulation]|
|Official Date:||February 2003|
|Number of Pages:||20|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Funder:||Leverhulme Trust (LT), Electricity Association Fuel Poverty Task Force|
M. Armstrong, S. Cowan and J. Vickers, Regulatory Reform: Economic Analysis and British Experience. MIT Press, 1994.
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