Electricity retail competition: the case of the UK
by Raphaël Homayoun Boroumand; Phillip A. Cartwright
International Journal of Global Energy Issues (IJGEI), Vol. 41, No. 1/2/3/4, 2018

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.

Online publication date: Thu, 14-Jun-2018

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