Rockets and Feathers: Asymmetric Pricing and Consumer Search   Evidence from Electricity Retailing

Heim, Sven

doi:10.2139/ssrn.2860093

Cited by 3 publications

(2 citation statements)

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“…Another reason is price asymmetry, i.e., prices are more responsive to rising costs than falling costs. With rising electricity rates, households look more for a cheaper solution than falling prices [71][72][73][74][75][76][77]. Additionally, households are generally reluctant to change their electricity contract.…”

Section: Introductionmentioning

confidence: 99%

Differentiation and Changes of Household Electricity Prices in EU Countries

et al. 2021

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The paper’s main purpose is to identify the differentiation and variation of electricity prices for households in EU countries. The specific objectives are to highlight the directions and differentiation of price changes in EU states, determine the degree of volatility (or stability) of electricity rates, and establish the correlation between electricity prices for household consumers and economic and energy parameters. All members of the European Union were chosen for this project as of 31 December 2019 (28 countries). The analyzed period covered the years 2008–2019. The source of collected information was the thematic literature review and the data from Eurostat. Descriptive, tabular and graphical methods, constant-based dynamics indicators, coefficient of variation, Kendall’s tau correlation coefficient, and Spearman’s rank correlation coefficient were used to analyze and present the materials. It was determined that higher electricity prices for households in the EU states were associated with better economic parameters. Developed countries must have higher energy rates because they will ensure energy transformation, i.e., implementing energy-saving technologies. In the EU, electricity prices for household consumers showed little volatility, but that variability increased in line with the surge of the volume of household energy consumption.

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Section: Introductionmentioning

confidence: 99%

Differentiation and Changes of Household Electricity Prices in EU Countries

et al. 2021

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“…Specifically, we wish to determine whether RRO prices affect unregulated retail pricing once costs (in the form of forward wholesale costs) are controlled for. If so, this suggests that the existence 2 See Johnsen and Olsen (2008) for an analysis of asymmetry response in Nordic countries, Ofgem (2011) for the United Kingdom, Mirza and Bergland (2012) for Norway, Willems and Mulder (2016) for the Netherlands, and Heim (2016) for Germany. With the exception of Willems and Mulder (2016), these studies find some evidence of an asymmetric response.…”

Section: Introductionmentioning

confidence: 99%