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| DOI | 10.1016/j.enpol.2021.112323 |
| The competitive disadvantages facing British assetless electricity retailers | |
| Haar L. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 155 |
| 英文摘要 | From the outset of deregulation and privatisation of UK electricity markets, the desired extent of vertical integration has been debated. Concerns over the dominance of the “Big Six” majors and whether consumers were receiving a fair deal, led the new Government of 2010 to promote the entry of new retail supply firms without generation assets. Increasing consumer choice and facilitating supplier switching were seen as counter-weights to the dominance of the vertically integrated majors. Through various policies favouring new, assetless suppliers, the domestic retail electricity market in the UK has become less concentrated offering more choice to consumers. But the process of reducing market concentration has had setbacks: many new retail suppliers went bankrupt and service quality has been mixed. To address possible short-comings, the Regulator in mid-2019 introduced stricter requirements for a retail supply license but are they sufficient? Combining theory with empirical analysis, it is argued that enhanced requirements are unlikely to be sufficient to ensure the success of these new firms because assetless retailers face competitive disadvantages under the current market structure. Before debating the role and benefits of such firms, their economic viability should be assessed. © 2021 Elsevier Ltd |
| 关键词 | Market efficiencyRetail electricityRisk management |
| 英文关键词 | Deregulation; Power markets; Privatization; Risk management; Consumer choice; Generation assets; Market concentration; Market efficiency; Retail electricity; Retail electricity markets; Risks management; Service Quality; Supplier switching; Vertical integration; Sales; bankruptcy; competition (economics); electricity industry; empirical analysis; energy market; retailing; risk assessment; service quality; United Kingdom |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205125 |
| 作者单位 | Brighton Business School, The University of Brighton, United Kingdom |
| 推荐引用方式 GB/T 7714 | Haar L.. The competitive disadvantages facing British assetless electricity retailers[J],2021,155. |
| APA | Haar L..(2021).The competitive disadvantages facing British assetless electricity retailers.Energy Policy,155. |
| MLA | Haar L.."The competitive disadvantages facing British assetless electricity retailers".Energy Policy 155(2021). |
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