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Why did electricity prices fall in England and Wales? : market mechanism or market structure?

Subtitle:
OIES paper: EL02
Abstract:

The objective of this paper is to measure the price impacts of the major regulatory interventions in the England & Wales wholesale electricity market from 1 April 1990 to 31 March 2002. More particularly, to establish whether falling prices during 1999-2002 were caused by the regulator ('Ofgem') forcing the dominant duopoly of fossil fuel generators to divest coal-fired plant, or because the Pool market mechanism was replaced with New Electricity Trading Arrangements ('NETA'). Backward re...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
2002-01-01
URN:
uuid:2843a8d1-a712-4e52-ae12-207aa0026666
Local pid:
ora:10513
ISBN:
1-901-795-22-5

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