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Competition Authorities are introducing new informational remedies to help consumers search and switch more actively. Using a specially commissioned data set, and unique direct estimates of the gains, search and switching time which consumers anticipate, we examine the determinants of consumer...
Persistent link: https://www.econbiz.de/10014219255
The introduction of a price cap for consumers who have not switched to cheaper deals in the British energy market reflects increasing political concern about the higher prices paid by these consumers compared with their more active counterparts. In this paper, we demonstrate the variations in...
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This paper assesses the ability of consumers to choose between alternative suppliers. Across two independent datasets from the UK electricity market we find that consumers switching exclusively for price reasons appropriated only a quarter to half of the maximum gains available. While such...
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This paper describes the evolution of supply competition in the UK residential energy market and the extent to which consumers in general, and vulnerable households in particular, have benefited from liberalization. It concludes that earlier fears about higher prices for vulnerable groups from...
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