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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Tipo de recurso:
Fecha de publicación:
2009
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/22737
Acceso en línea:
https://doi.org/10.1093/oep/gpp029
https://repository.urosario.edu.co/handle/10336/22737
Palabra clave:
Competitiveness
Econometrics
Electricity industry
Electricity supply
Industrial competition
Persistence
Price determination
Price dynamics
United kingdom
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Abierto (Texto Completo)
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oai_identifier_str oai:repository.urosario.edu.co:10336/22737
network_acronym_str EDOCUR2
network_name_str Repositorio EdocUR - U. Rosario
repository_id_str
spelling 3da93679-e7a9-4992-9f38-b7f490669d3c792428146001217fe8b-1e30-4b8f-bce7-1d03486e18b82020-05-25T23:57:45Z2020-05-25T23:57:45Z2009This 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.application/pdfhttps://doi.org/10.1093/oep/gpp0290030765314643812https://repository.urosario.edu.co/handle/10336/22737eng503No. 3478Oxford Economic PapersVol. 62Oxford Economic Papers, ISSN:00307653, 14643812, Vol.62, No.3 (2009); pp. 478-503https://www.scopus.com/inward/record.uri?eid=2-s2.0-77954362198&doi=10.1093%2foep%2fgpp029&partnerID=40&md5=9fede4d37251b6b976e60f879a108b75Abierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURCompetitivenessEconometricsElectricity industryElectricity supplyIndustrial competitionPersistencePrice determinationPrice dynamicsUnited kingdomPricing behaviour under competition in the UK electricity supply industryarticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Giulietti M.Otero Cardona, Jesús GilbertoWaterson M.10336/22737oai:repository.urosario.edu.co:10336/227372021-09-15 17:23:30.869https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv Pricing behaviour under competition in the UK electricity supply industry
title Pricing behaviour under competition in the UK electricity supply industry
spellingShingle Pricing behaviour under competition in the UK electricity supply industry
Competitiveness
Econometrics
Electricity industry
Electricity supply
Industrial competition
Persistence
Price determination
Price dynamics
United kingdom
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
dc.subject.keyword.spa.fl_str_mv Competitiveness
Econometrics
Electricity industry
Electricity supply
Industrial competition
Persistence
Price determination
Price dynamics
United kingdom
topic Competitiveness
Econometrics
Electricity industry
Electricity supply
Industrial competition
Persistence
Price determination
Price dynamics
United kingdom
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.
publishDate 2009
dc.date.created.spa.fl_str_mv 2009
dc.date.accessioned.none.fl_str_mv 2020-05-25T23:57:45Z
dc.date.available.none.fl_str_mv 2020-05-25T23:57:45Z
dc.type.eng.fl_str_mv article
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv Artículo
dc.identifier.doi.none.fl_str_mv https://doi.org/10.1093/oep/gpp029
dc.identifier.issn.none.fl_str_mv 00307653
14643812
dc.identifier.uri.none.fl_str_mv https://repository.urosario.edu.co/handle/10336/22737
url https://doi.org/10.1093/oep/gpp029
https://repository.urosario.edu.co/handle/10336/22737
identifier_str_mv 00307653
14643812
dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.citationEndPage.none.fl_str_mv 503
dc.relation.citationIssue.none.fl_str_mv No. 3
dc.relation.citationStartPage.none.fl_str_mv 478
dc.relation.citationTitle.none.fl_str_mv Oxford Economic Papers
dc.relation.citationVolume.none.fl_str_mv Vol. 62
dc.relation.ispartof.spa.fl_str_mv Oxford Economic Papers, ISSN:00307653, 14643812, Vol.62, No.3 (2009); pp. 478-503
dc.relation.uri.spa.fl_str_mv https://www.scopus.com/inward/record.uri?eid=2-s2.0-77954362198&doi=10.1093%2foep%2fgpp029&partnerID=40&md5=9fede4d37251b6b976e60f879a108b75
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.acceso.spa.fl_str_mv Abierto (Texto Completo)
rights_invalid_str_mv Abierto (Texto Completo)
http://purl.org/coar/access_right/c_abf2
dc.format.mimetype.none.fl_str_mv application/pdf
institution Universidad del Rosario
dc.source.instname.spa.fl_str_mv instname:Universidad del Rosario
dc.source.reponame.spa.fl_str_mv reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv Repositorio institucional EdocUR
repository.mail.fl_str_mv edocur@urosario.edu.co
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