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| Author: | Giulietti, M. Otero, J. Waterson, M. |
| Title: | Pricing behaviour under competition in the UK electricity supply industry |
| Journal: | Oxford Economic Papers
2010 : JUL, VOL. 62:3, p. 478-503 |
| Index terms: | electricity prices competition united kingdom supply |
| Language: | eng |
| Abstract: | This article analyses the evolution of electricity prices for domestic customers in the UK. This analysis follows the introduction of competition. The empirical analysis is based on a panel data set. This data set contains detailed information about electricity supply prices over the period 1999 to 2006. The analysis examines the pricing patterns. It 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. The findings indicate that there remain significant potential benefits to consumers from searching alternative suppliers. |
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