Price transmission in the UK electricity market: was NETA beneficial?

Monica Giulietti, Luigi Grossi and Michael Waterson

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: This paper explores the relationship between domestic retail electricity prices in Great Britain and their determinants in the particular context of the New Electricity Trading Arrangements (NETA) introduced in 2001. The analysis requires a consistent comparison of wholesale power price series before and after NETA, which we investigate using a range of wholesale future price series. Despite its stated intention of reducing prices, we conclude that the net effect of NETA alongside other developments instead merely rearranged where money was made in the system.

Keywords: Electricity generation; electricity supply; retail pricing; futures markets; energy market competition (search for similar items in EconPapers)
JEL-codes: L51 L94 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ene
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Citations: View citations in EconPapers (4)

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Journal Article: Price transmission in the UK electricity market: Was NETA beneficial? (2010)
Working Paper: Price transmission in the UK electricity market: was NETA beneficial? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:913

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