Switching Energy Suppliers: It's Not All About the Money

被引:20
作者
Deller, David [1 ]
Giulietti, Monica [2 ]
Loomes, Graham [3 ]
Price, Catherine Waddams [1 ]
Moniche, Anna [4 ]
Jeon, Joo Young [5 ]
机构
[1] Univ East Anglia, Ctr Competit Policy, Norwich, Norfolk, England
[2] Univ Loughborough, Sch Business & Econ, Loughborough, Leics, England
[3] Univ Warwick, Warwick Business Sch, Coventry, W Midlands, England
[4] Univ Malaga, Sch Econ, Malaga, Spain
[5] Univ Reading, Dept Econ, Reading, Berks, England
基金
英国工程与自然科学研究理事会; 英国经济与社会研究理事会;
关键词
Retail energy market; Switching suppliers; Probit models; Behavioral consumers; COMPETITION; CONSUMERS; FRICTIONS; MARKET; COSTS; POWER;
D O I
10.5547/01956574.42.3.ddel
中图分类号
F [经济];
学科分类号
02 ;
摘要
Many consumers do not take advantage of lower energy prices available in liberalized retail markets. We provide evidence to explain why consumers may leave substantial amounts of "money on the table" in this way. We observe real decisions made by over 7,000 consumers in a collective switching auction, supplemented by their responses to a survey. We identify factors which may inhibit switching and show that expectations of high switching rates in an unregulated market may be unrealistic. Our findings have important implications for the design and regulation of energy markets, including imposition of price caps on " default" retail tariffs in 2019 in the UK and parts of Australia.
引用
收藏
页码:1 / 26
页数:26
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