Electricity retail competition: the case of the UK

Raphaël Homayoun Boroumand and Phillip A. Cartwright

International Journal of Global Energy Issues, 2018, vol. 41, issue 1/2/3/4, 98-107

Abstract: The objective of liberalising electricity supply was to create competitive retail markets where asset-light suppliers would compete on price. This paper explores the quantitative and dynamic relationship between domestic retail prices and the wholesale price since one would expect a symmetric pattern with a stable and low retail margin. In this article, taking the UK market for analysis, a time-series approach is applied to calculate the extent and timing of pass through between wholesale and retail price variations. The preliminary results indicate that the impact effect and long-run effects from the wholesale to the retail market is quite low.

Keywords: electricity supply; UK; retail market; competition; time-series; causality; long-run response. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgeni:v:41:y:2018:i:1/2/3/4:p:98-107

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