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Price transmission in the UK electricity market : was NETA beneficial?
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Giulietti, Monica, Grossi, Luigi and Waterson, Michael, 1950-. (2010) Price transmission in the UK electricity market : was NETA beneficial? Energy Economics, Vol.32 (No.5). pp. 1165-1174. ISSN 0140-9883
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Official URL: http://dx.doi.org/10.1016/j.eneco.2010.01.008
Abstract
This paper explores the relationship between domestic retail electricity prices in Great Britain and their determinants in the context of the New Electricity Trading Arrangements (NETA) introduced in 2001. We employ a consistent comparison of wholesale power price series before and after NETA, alongside a difference-in-differences analysis based on using Scotland as a control. Despite NETA's stated intention of reducing wholesale and thereby retail prices, we conclude that its net effect, alongside other developments, instead merely rearranged where money was made in the system. (C) 2010 Elsevier B.V. All rights reserved.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Divisions: | Faculty of Social Sciences > Economics Faculty of Social Sciences > Warwick Business School > Global Energy Faculty of Social Sciences > Warwick Business School |
| Journal or Publication Title: | Energy Economics |
| Publisher: | Elsevier BV |
| ISSN: | 0140-9883 |
| Date: | September 2010 |
| Volume: | Vol.32 |
| Number: | No.5 |
| Number of Pages: | 10 |
| Page Range: | pp. 1165-1174 |
| Identification Number: | 10.1016/j.eneco.2010.01.008 |
| Status: | Peer Reviewed |
| Publication Status: | Published |
| Access rights to Published version: | Restricted or Subscription Access |
| URI: | http://wrap.warwick.ac.uk/id/eprint/4939 |
Data sourced from Thomson Reuters' Web of Knowledge
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