Pricing behaviour under competition in the UK electricity supply industry
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 exami...
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| Formato: | Artículo (Article) |
| Lenguaje: | Inglés (English) |
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2009
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| Acceso en línea: | https://repository.urosario.edu.co/handle/10336/22737 https://doi.org/10.1093/oep/gpp029 |
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ir-10336-227372021-09-15T22:23:30Z Pricing behaviour under competition in the UK electricity supply industry Giulietti M. Otero, Jesus Waterson M. Competitiveness Econometrics Electricity industry Electricity supply Industrial competition Persistence Price determination Price dynamics United kingdom 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. © Oxford University Press 2009 All rights reserved. 2009 2020-05-25T23:57:45Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 00307653 14643812 https://repository.urosario.edu.co/handle/10336/22737 https://doi.org/10.1093/oep/gpp029 eng info:eu-repo/semantics/openAccess application/pdf instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR |
| institution |
EdocUR - Universidad del Rosario |
| collection |
DSpace |
| language |
Inglés (English) |
| topic |
Competitiveness Econometrics Electricity industry Electricity supply Industrial competition Persistence Price determination Price dynamics United kingdom |
| spellingShingle |
Competitiveness Econometrics Electricity industry Electricity supply Industrial competition Persistence Price determination Price dynamics United kingdom Giulietti M. Otero, Jesus Waterson M. Pricing behaviour under competition in the UK electricity supply industry |
| description |
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. © Oxford University Press 2009 All rights reserved. |
| format |
Artículo (Article) |
| author |
Giulietti M. Otero, Jesus Waterson M. |
| author_facet |
Giulietti M. Otero, Jesus Waterson M. |
| author_sort |
Giulietti M. |
| title |
Pricing behaviour under competition in the UK electricity supply industry |
| title_short |
Pricing behaviour under competition in the UK electricity supply industry |
| title_full |
Pricing behaviour under competition in the UK electricity supply industry |
| title_fullStr |
Pricing behaviour under competition in the UK electricity supply industry |
| title_full_unstemmed |
Pricing behaviour under competition in the UK electricity supply industry |
| title_sort |
pricing behaviour under competition in the uk electricity supply industry |
| publishDate |
2009 |
| url |
https://repository.urosario.edu.co/handle/10336/22737 https://doi.org/10.1093/oep/gpp029 |
| _version_ |
1712098381486096384 |
| score |
12,131701 |