Competition in Retail Electricity Supply
This paper presents an analysis and defense 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 M. Kirzners 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.Cet article propose une analyse et une défense de la concurrence de loffre de détail délectricité. Il comporte quelques résultats de son évolution au Royaume-Uni durant les douze dernières années, jusquau moment où tous les contrôles de prix au détail ont été abolis. Lévolution de cette concurrence illustre quelquesuns des thèmes des écrits dIsrael Kirzner par exemple, la nature de la concurrence en tant que processus à travers le temps, la nature entrepreneuriale et cognitive de ce processus, le rôle du marketing dans linformation des consommateurs, le rôle de la concurrence dans la fixation des prix et dans la découverte des services et des offreurs que les consommateurs préfèrent, et les avantages de la concurrence par rapport la réglementation.
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Volume (Year): 12 (2002)
Issue (Month): 2 (June)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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CEPR Discussion Papers
1814, C.E.P.R. Discussion Papers.
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- Goulding, A. J. & Rufin, Carlos & Swinand, Gregory, 1999. "The Role of Vibrant Retail Electricity Markets in Assuring that Wholesale Power Markets Operate Effectively," The Electricity Journal, Elsevier, vol. 12(10), pages 61-73, December.
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- Littlechild, S.C., 2000. "Why We Need Electricity Retailers: A Reply to Joskow on Wholesale Spot Price pass-through," Cambridge Working Papers in Economics 0008, Faculty of Economics, University of Cambridge.
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