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dc.contributor.authorNelson, Tim
dc.contributor.authorMcCracken-Hewson, Eleanor
dc.contributor.authorWhish-Wilson, Patrick
dc.contributor.authorBashir, Stephanie
dc.date.accessioned2019-05-29T12:43:31Z
dc.date.available2019-05-29T12:43:31Z
dc.date.issued2018
dc.identifier.issn0140-9883
dc.identifier.doi10.1016/j.eneco.2017.12.026
dc.identifier.urihttp://hdl.handle.net/10072/375278
dc.description.abstractSimshauser and Whish-Wilson (2017) examined the restructured Victorian retail electricity market and found it to be efficient as the marginal unit produced was sold at marginal cost. This article extends their analysis of price dispersion by considering the heterogeneous nature of electricity consumption when measured by volume sold (kWh). We find that customers on ‘standing offer’ tariffs use 18% less electricity than customers on ‘high discount’ products, indicating the presence of market segmentation and implicit second-degree price discrimination. Climate change policy and the emergence of new technologies such as household solar PV, battery storage and home energy management systems will create further price dispersion in Australian electricity markets due to even greater product heterogeneity. We contend that policy makers will need to facilitate, rather than prevent, both price and tariff structure dispersion with the objective of improving consumer outcomes.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.publisher.placeNetherlands
dc.relation.ispartofpagefrom158
dc.relation.ispartofpageto169
dc.relation.ispartofjournalEnergy Economics
dc.relation.ispartofvolume70
dc.subject.fieldofresearchMechanical engineering
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchApplied economics not elsewhere classified
dc.subject.fieldofresearchcode4017
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode380199
dc.titlePrice dispersion in Australian retail electricity markets
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dcterms.licensehttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.description.versionAccepted Manuscript (AM)
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2018 Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence (http://creativecommons.org/licenses/by-nc-nd/4.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorNelson, Tim A.


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