Gas and Electricity in Great Britain

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.

Scope

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 buy

What 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?

Companies mentioned

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Table of Contents

OVERVIEW

Catalyst

Summary

ANALYSIS

Changing hands: from public to private ownership.

Privatization process: an overview

Is there competition in a fully privatized energy market?

Tacit coordination

Prices changes are narrowing between players

Barriers to entry: Is there any scope for competition?

Barriers to expansion in the market

CONCLUSIONS

The fully privatized energy market with coordinated outcomes

APPENDIX

Sources

Further Reading

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