Transparency of Retail Energy Pricing: Evidence from the US Natural Gas Industry

Chi-Keung Woo, Jay Zarnikau (), Ira Horowitz and Alice Shiu

Managerial and Decision Economics, 2014, vol. 35, issue 4, 300-308

Abstract: We test and cannot reject the hypothesis that retail pricing of natural gas is transparent for commercial and residential customers served by regulated local distribution companies in the United States. The periods of adjustment to a wholesale price change are 1.54 months for the commercial price and 1.69 months for the residential price. These findings support the view that regulated local distribution companies quickly adjust retail prices to fully capture any change in the wholesale natural gas price. Copyright © 2013 John Wiley & Sons, Ltd.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:35:y:2014:i:4:p:300-308

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