Competition and contracts in the Nordic Residential Electricity Markets
The main Nordic residential electricity markets (Norway, Sweden and Finland) effectively opened to retail competition around 1998. They have not been subject to regulatory controls on prices or other contract terms. Between 11 and 29 per cent of residential customers have switched suppliers and between a fifth and a half of all residential customers have chosen alternative contractual terms of supply. These alternatives include fixed price contracts ranging from 3 months to five years duration, as well as spot-price related terms, instead of the standard variable tariffs. The use of these alternatives is increasing over time, and there is considerable product innovation. This paper surveys these developments and illustrates with case studies of significant suppliers in each Nordic market. The market is thus ascertaining and bringing about the outcomes that customers prefer. Without retail competition, it is not clear how regulation will replicate this aspect of the market process.
|Date of creation:||Nov 2005|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.econ.cam.ac.uk/index.htm|
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.:
- Littlechild, Stephen C, 2003. "Wholesale Spot Price Pass-Through," Journal of Regulatory Economics, Springer, vol. 23(1), pages 61-91, January.
- Evens Salies & Catherine Waddams Price, 2004.
"Charges, Costs and Market Power: the Deregulated UK Electricity Retail Market,"
Sciences Po publications
info:hdl:2441/7189, Sciences Po.
- Evens Salies and Catherine Waddams Price, 2004. "Charges, Costs and Market Power: the Deregulated UK Electricity Retail Market," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 19-36.
- Evens SALIES & Catherine WADDAMS PRICE, 2005. "Charges, Costs and Market Power: the Deregulated UK Electricity Retail Market," Industrial Organization 0508010, EconWPA.
- M. von der Fehr, Nils-Henrik & Amundsen, Eirik S. & Bergman, Lars, 2004.
"The Nordic Market: Signs Of Stress?,"
Working Papers in Economics
15/04, University of Bergen, Department of Economics.
- Green, Richard & McDaniel, Tanga, 1998.
"Competition in Electricity Supply: Will '1998' be Worth it?,"
CEPR Discussion Papers
1814, C.E.P.R. Discussion Papers.
- Richard Green & Tanga McDaniel, 1998. "Competition in electricity supply: will ‘1998’ Be worth it?," Fiscal Studies, Institute for Fiscal Studies, vol. 19(3), pages 273-293, August.
- Evens SALIES & Catherine WADDAMS, 2004. "Charges, costs and market power in the deregulated UK electricity retail market," Industrial Organization 0406003, EconWPA.
- Ole Jess Olsen & Klaus Skytte, 2003. "Competition and Market Power in Northern Europe," Chapters, in: Competition in European Electricity Markets, chapter 7 Edward Elgar.
- Eirik S. Amundsen & Lars Bergman, 2003. "The Deregulated Electricity Markets in Norway and Sweden: A Tentative Assessment," Chapters, in: Competition in European Electricity Markets, chapter 5 Edward Elgar.
- Littlechild, S., 2004. "‘UK domestic energy contracts, the 28 day rule, and experience in Sweden’," Cambridge Working Papers in Economics 0431, Faculty of Economics, University of Cambridge.
- Paul L. Joskow, 1998. "Electricity Sectors in Transition," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 25-52.
- Joskow, P.L., 2003.
"The Difficult Transition to Competitive Electricity Markets in the U.S,"
Cambridge Working Papers in Economics
0328, Faculty of Economics, University of Cambridge.
- Paul L. Joskow, 2003. "The Difficult Transition to Competitive Electricity Markets in the U.S," Working Papers 0308, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Stephen C. Littlechild, 2002.
"Competition in Retail Electricity Supply,"
Cambridge Working Papers in Economics
0227, Faculty of Economics, University of Cambridge.
- Littlechild, Stephen, 2006. "Residential energy contracts and the 28 day rule," Utilities Policy, Elsevier, vol. 14(1), pages 44-62, March.
- Monica Giulietti & Catherine Waddams Price & Michael Waterson, 2005. "Consumer Choice and Competition Policy: a Study of UK Energy Markets," Economic Journal, Royal Economic Society, vol. 115(506), pages 949-968, October.
- Stephen C. Littlechild, 2001. "Competition And Regulation In The U.K. Electricity Industry (With A Brief Look At California)," Journal of Applied Corporate Finance, Morgan Stanley, vol. 13(4), pages 21-38.
- Atle Midttun & Joar Handeland & Terje Omland, 2003. "The Nordic Public Ownership Model Under Transition to Market Economy: The Case of Electricity," Chapters, in: Competition in European Electricity Markets, chapter 6 Edward Elgar.
When requesting a correction, please mention this item's handle: RePEc:cam:camdae:0550. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb)
If references are entirely missing, you can add them using this form.