Pricing behaviour under competition in the UK electricity supply industry
Monica Giulietti (),
Jesus Otero () and
The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics
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 aims to test theoretical hypotheses about the nature of consumers’ switching and search costs. The econometric analysis of persistence and price dispersion provides only 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.
Keywords: electricity supply; price competition; convergence; dynamic panels; crosssectional dependency (search for similar items in EconPapers)
JEL-codes: L43 L13 L94 C22 C23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-ene, nep-ind and nep-mic
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Journal Article: Pricing behaviour under competition in the UK electricity supply industry (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:790
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