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Pricing behaviour under competition in the UK electricity supply industry
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Giulietti, Monica, Otero, Jesus and Waterson, Michael, 1950-. (2010) Pricing behaviour under competition in the UK electricity supply industry. Oxford Economic Papers, Vol.62 (No.3). pp. 478-503. ISSN 0030-7653
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Official URL: http://dx.doi.org/10.1093/oep/gpp029
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 examines the pricing patterns and draws inferences concerning the benefits of incumbency and the gains from search. The econometric analysis of persistence and price dispersion provides rather 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: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Divisions: | Faculty of Social Sciences > Economics |
| Journal or Publication Title: | Oxford Economic Papers |
| Publisher: | Oxford University Press |
| ISSN: | 0030-7653 |
| Official Date: | July 2010 |
| Volume: | Vol.62 |
| Number: | No.3 |
| Number of Pages: | 26 |
| Page Range: | pp. 478-503 |
| Identification Number: | 10.1093/oep/gpp029 |
| Status: | Peer Reviewed |
| Publication Status: | Published |
| Access rights to Published version: | Restricted or Subscription Access |
| Funder: | Economic and Social Research Council (Great Britain) (ESRC), Leverhulme Trust |
| Grant number: | RES-000-22–1686, F215/AX |
| URI: | http://wrap.warwick.ac.uk/id/eprint/5564 |
Data sourced from Thomson Reuters' Web of Knowledge
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