Consumer choice and competition policy: A study of UK energy markets

Giulietti, Monica, Waddams Price, Catherine and Waterson, Michael (2005) Consumer choice and competition policy: A study of UK energy markets. The Economic Journal, 115 (506). pp. 949-968. ISSN 0013-0133

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Abstract

Consumer choice is increasingly recognised as a crucial factor in competition policy. To illustrate the implications of such choice we present an investment model of the switching choice in the UK residential natural gas market and examine responses to a specially commissioned survey of nearly seven hundred consumers, identifying search and switching costs. Through an assessment of the savings which consumers say they require to switch supplier, together with an evaluation of consumer switching behaviour, we deduce that the incumbent retained considerable market power, suggesting that some continued regulation may be necessary.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences Faculty of Social Sciences > Norwich Business School
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Responsible Business Regulation Group Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User:	Vishal Gautam
Date Deposited:	01 Oct 2005
Last Modified:	22 Apr 2023 01:39
URI:	https://ueaeprints.uea.ac.uk/id/eprint/16542
DOI:	10.1111/j.1468-0297.2005.01026.x

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