Search and the development of competition in UK electricity supply
Lead Research Organisation:
University of Warwick
Department Name: Economics
Abstract
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Organisations
Publications
Giulietti M
(2014)
Estimation of Search Frictions in the B ritish Electricity Market
in The Journal of Industrial Economics
Giulietti M
(2010)
Price transmission in the UK electricity market: Was NETA beneficial?
in Energy Economics
Giulietti M
(2009)
Testing for stationarity in heterogeneous panel data in the presence of cross-section dependence
in Journal of Statistical Computation and Simulation
Giulietti M
(2008)
Testing for unit roots in three-dimensional heterogeneous panels in the presence of cross-sectional dependence
in Economics Letters
Giulietti M
(2010)
Pricing behaviour under competition in the UK electricity supply industry
in Oxford Economic Papers
Michael Waterson (author)
(2007)
Report on links between wholesale and domestic retail power prices in the UK
in Power UK
Monica Giulietti (author)
(2008)
NETA : have domestic consumers benefitted?
in Power UK
Otero J
(2011)
Response Surface Estimates of the Cross-Sectionally Augmented IPS Tests for Panel Unit Roots
in Computational Economics
Otero J
(2007)
Testing for seasonal unit roots in heterogeneous panels in the presence of cross section dependence
in Economics Letters
| Description | Within the context of the time period studied in Great Britain,early-mid 2000s, we found that Search costs are relatively high, enabling wide price variations between suppliers. There is little evidence for the view that the supply market is becoming more competitive. The New Electricity Trading Arrangements reduced prices at the wholesale level but with no clear overall impact on final prices. |
| Exploitation Route | Academic and non-academic, via industry publications |
| Sectors | Energy |
| Description | Publications in Power UK- an industry information outlet Information presented to industry regulator Submission to parliamentary inquiry |
| First Year Of Impact | 2010 |
| Sector | Energy,Government, Democracy and Justice |
| Impact Types | Societal Economic Policy & public services |