globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111829
论文题名:
The impacts of price regulation on price dispersion in Australia's retail electricity markets
作者: Esplin R.; Davis B.; Rai A.; Nelson T.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 147
语种: 英语
中文关键词: Electricity Markets ; Energy policy ; Price discrimination
英文关键词: Costs ; Deregulation ; Dispersions ; Power markets ; Electricity prices ; National electricity markets ; Policy makers ; Policy options ; Price deregulation ; Price dispersion ; Price regulation ; Retail electricity markets ; Sales ; deregulation ; energy management ; energy market ; energy policy ; policy making ; price determination ; regulatory framework ; retailing ; vulnerability ; Australia
英文摘要: Price deregulation in Australia's National Electricity Market has led to increased competition and greater price dispersion in retail electricity markets. However, recent increases in electricity prices and concerns around disengaged customers have led policy makers to impose a ‘default offer’ to cap retail electricity prices. In this article, we develop a model that demonstrates the mechanism through which a price cap leads to the withdrawal of the lowest priced offers from the market, in effect reducing the benefits available to customers that ‘shop around’. We calculate a measure of actual price dispersion showing that a compression of offers since the price cap was imposed has reduced the returns from search by 2.3 per cent, or $37 per year on average. We argue that the important issue of vulnerable, disengaged customers on high priced offers is best addressed through non-price regulation policy options, such as an auction for the right to serve customers that are both vulnerable and disengaged. © 2020 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167148
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作者单位: Griffith University NathanQLD 4111, Australia

Recommended Citation:
Esplin R.,Davis B.,Rai A.,et al. The impacts of price regulation on price dispersion in Australia's retail electricity markets[J]. Energy Policy,2020-01-01,147
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