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- Title
Non-discrimination Clauses: Their Effect on British Retail Energy Prices.
- Authors
Price, Catherine Waddams; Zhu, Minyan
- 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.
- Subjects
UNITED Kingdom; NONDISCRIMINATION principle (International law); RETAIL industry; PETROLEUM sales &; prices; AUTOREGRESSIVE models; DEREGULATION; ECONOMIC competition
- Publication
Energy Journal, 2016, Vol 37, Issue 2, p111
- ISSN
0195-6574
- Publication type
Article
- DOI
10.5547/01956574.37.2.cpri