Competition in Retail Electricity Supply

Stephen Littlechild

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: This paper presents an analysis and defence of competition in retail electricity supply. It includes some account of its development in the UK over the last dozen years, to the point where all retail price controls have now been removed. The development of this competition illustrates a number of the themes in Israel Kirzner’s writing - for example, the nature of competition as a process over time, the entrepreneurial and learning nature of this process, the role of marketing in alerting customers, the role of competition in establishing price and in discovering the services and suppliers that customers prefer, and the advantages of competition over regulation.

Keywords: competition; electricity; regulation; Austrian economics (search for similar items in EconPapers)
JEL-codes: B53 L51 L94 (search for similar items in EconPapers)
Pages: 20
Date: 2002-10
New Economics Papers: this item is included in nep-com and nep-ene
Note: CMI IO
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Citations: View citations in EconPapers (24)

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Related works:
Journal Article: Competition in Retail Electricity Supply (2002)
Working Paper: Competition in Retail Electricity Supply (2002)
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