Price transmission in the UK electricity market: was NETA beneficial?

This paper explores the relationship between domestic retail electricity prices in Great Britain and their determinants in the particular context of the New Electricity Trading Arrangements (NETA) introduced in 2001. The analysis requires a consistent comparison of wholesale power price series before and after NETA, which we investigate using a range of wholesale future price series. Despite its stated intention of reducing prices, we conclude that the net effect of NETA alongside other developments instead merely rearranged where money was made in the system.


Issue Date:
2009-09
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/271287
Language:
English
Total Pages:
35
JEL Codes:
L94; L51
Series Statement:
WERP 913




 Record created 2018-04-12, last modified 2018-04-12

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