Price transmission in the UK electricity market : was NETA beneficial?
Giulietti, Monica, Grossi, Luigi and Waterson, Michael, 1950- (2009) Price transmission in the UK electricity market : was NETA beneficial? Working Paper. Economics Department, University of Warwick: University of Warwick. (The Warwick Economics Research Paper Series (TWERPS), Vol.2009).
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This paper explores the relationship between domestic retail electricity prices in Great Britain and their determinants in the particular context of the New Electricity Trading Arrangements (NETA) introduced in 2001. The analysis requires a consistent comparison of wholesale power price series before and after NETA, which we investigate using a range of wholesale future price series. Despite its stated intention of reducing prices, we conclude that the net effect of NETA alongside other developments instead merely rearranged where money was made in the system.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Electric utilities -- Rates -- Great Britain -- History|
|Series Name:||The Warwick Economics Research Paper Series (TWERPS)|
|Publisher:||University of Warwick|
|Place of Publication:||Economics Department, University of Warwick|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Funder:||Economic and Social Research Council (Great Britain) (ESRC)|
|Grant number:||RES 000-22-1686 (ESRC)|
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