This paper explores the relationship between domestic retail electricity prices in Great Britain and their determinants in the context of the New Electricity Trading Arrangements (NETA) introduced in 2001. We employ a consistent comparison of wholesale power price series before and after NETA, alongside a difference-in-differences analysis based on using Scotland as a control. Despite NETA's stated intention of reducing wholesale and thereby retail prices, we conclude that its net effect, alongside other developments, instead merely rearranged where money was made in the system. © 2010 Elsevier B.V.
Price transmission in the UK electricity market: Was NETA beneficial? / Giulietti, M.; Grossi, L.; Waterson, M.. - In: ENERGY ECONOMICS. - ISSN 0140-9883. - 32:5(2010), pp. 1165-1174. [10.1016/j.eneco.2010.01.008]
Price transmission in the UK electricity market: Was NETA beneficial?
Grossi L.;
2010-01-01
Abstract
This paper explores the relationship between domestic retail electricity prices in Great Britain and their determinants in the context of the New Electricity Trading Arrangements (NETA) introduced in 2001. We employ a consistent comparison of wholesale power price series before and after NETA, alongside a difference-in-differences analysis based on using Scotland as a control. Despite NETA's stated intention of reducing wholesale and thereby retail prices, we conclude that its net effect, alongside other developments, instead merely rearranged where money was made in the system. © 2010 Elsevier B.V.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
