Gas and Electricity in Great Britain
- Pages: 19
- Published: December 2015
- Report Code: ML00019-075
UK gas and electricity markets were liberalized, in order to introduce competition into generation and retail supply. However, the six largest private-sector energy companies dominate both with large market shares. Also, regulator Ofgem has reported that while collusion does not occur, some tacit coordination of retail prices does. This report examines the evidence.
Find out the structure of the UK electricity market before liberalization and today.
Discover how major players, while avoiding illicit collusion, can coordinate their prices.
Reasons to buyWhat are the main barriers faced by the new entrants to expand their presence in the market?
Is there open market competition between companies operating within the energy sector in Great Britain?
Table of Contents
Changing hands: from public to private ownership.
Privatization process: an overview
Is there competition in a fully privatized energy market?
Prices changes are narrowing between players
Barriers to entry: Is there any scope for competition?
Barriers to expansion in the market
The fully privatized energy market with coordinated outcomes
Ask the analyst
List of Tables
List of Figures