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Pricing in the UK retail energy market, 2005 - 2013

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  • Catherine Waddams Price

    (Centre for Competition Policy, University of East Anglia)

  • Minyan Zhu

    (Centre for Competition Policy, University of East Anglia)

Abstract

UK governments and the energy regulator have shown increasing concern about the health of competition in the residential energy market, following their pioneering deregulation at the end of the last century. We identify the effects of introducing the non discrimination clauses in 2009, a major regulatory intervention and the first since deregulation. We explore the effect of this intervention on the price movements of the six major players, and find that the nature of competition in the industry has changed, with less effective rivalry between the regional incumbents and large regional competitors following the intervention; companies seem to have ‘retreated’ to their home regions, leaving a market where pricing behaviour resembles more closely a duopoly between British Gas and the regional incumbent

Suggested Citation

  • Catherine Waddams Price & Minyan Zhu, 2013. "Pricing in the UK retail energy market, 2005 - 2013," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2013-12, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    • Handle: RePEc:uea:ueaccp:2013_12
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    References listed on IDEAS

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    1. Christian L. E. Franzke, 2014. "Nonlinear climate change," Nature Climate Change, Nature, vol. 4(6), pages 423-424, June.
    2. Stephen Davies, Catherine Waddams Price, and Chris M. Wilson, 2014. "Nonlinear Pricing and Tariff Differentiation: Evidence from the British Electricity Market," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    3. Morten Hviid & Catherine Waddams Price, 2012. "Non‐Discrimination Clauses in the Retail Energy Sector," Economic Journal, Royal Economic Society, vol. 122(562), pages 236-252, August.
    4. Miguel Flores & Catherine Waddams Price, 2013. "Consumer behaviour in the British retail electricity market," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2013-10, Centre for Competition Policy, University of East Anglia, Norwich, UK..
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    Cited by:

    1. Catherine Waddams Price & Catherine Webster & Minyan Zhu, 2013. "Searching and Switching: Empirical estimates of consumer behaviour in regulated markets," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2013-11, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    2. repec:vuw:vuwscr:19259 is not listed on IDEAS
    3. Daglish, Toby, 2015. "Consumer Governance in Electricity Markets," Working Paper Series 4183, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    4. Bruce Mountain & Kelly Burns, 2021. "Loyalty taxes in retail electricity markets: not as they seem?," Journal of Regulatory Economics, Springer, vol. 59(1), pages 1-24, February.
    5. Simshauser, Paul, 2018. "Price discrimination and the modes of failure in deregulated retail electricity markets," Energy Economics, Elsevier, vol. 75(C), pages 54-70.
    6. Simshauser, Paul & Whish-Wilson, Patrick, 2017. "Price discrimination in Australia's retail electricity markets: An analysis of Victoria & Southeast Queensland," Energy Economics, Elsevier, vol. 62(C), pages 92-103.
    7. Daglish, Toby, 2015. "Consumer Governance in Electricity Markets," Working Paper Series 19259, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.

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