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Littlechild, Stephen

doi:10.1023/a:1021883431400

Cited by 38 publications

(4 citation statements)

References 15 publications

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“…The supplier typically buys the electricity from a generator or trader or in an electricity pool, or in some cases might generate its own electricity. It pays the relevant transmission and distribution charges …", (S. C. Littlechild, 2003). Retail competition requires that wholesale markets are in fact competitive and working to keep costs and prices down (Hunt, 2002, p. 55).…”

Section: )mentioning

confidence: 99%

Taking Stock of Wholesale Power Markets In Developing Countries: A Literature Review

Rudnick¹,

Velasquez²

2018

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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Section: )mentioning

confidence: 99%

Taking Stock of Wholesale Power Markets In Developing Countries: A Literature Review

Rudnick¹,

Velasquez²

2018

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“…They thereby agree how to share the inevitable risks and uncertainties about the future path of wholesale market 10. Littlechild (2003a).…”

Section: Retail Competition In the Norway And Sweden Electricity Marketsmentioning

confidence: 99%

Some Applied Economics of Utility Regulation A Paper in Honor of David Newbery

Littlechild¹

2008

The Energy Journal

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This paper seeks to bring to the attention of regulatory economists and policymakers the existence of some approaches to utility regulation that have hitherto received little or no attention in the economics literature. It begins by noting that regulatory actions have discouraged certain kinds of retail contracts in the UK that are offered in Nordic countries, almost extinguished retail competition in Ohio, and distorted the market for merchant interconnectors in Australia. In contrast, Argentina secured an efficient appraisal and implementation of transmission expansions by empowering users and severely limiting the role for regulation. Some US and Canadian jurisdictions have fostered the emergence of negotiated settlements that exhibit considerable innovation, and greater benefits for all parties than would have been possible with the conventional regulatory approach. These examples of the actual regulatory world can inform the work of theorists and policymakers.

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“…Green and McDaniel, 1998) noted that the high costs of opening the markets might not justify the potential benefits involved. Newbery's early concerns about the benefits of competition in the residential market were shared by Paul Joskow (Joskow, 2000) but challenged by Stephen Littlechild (Littlechild 2003), who saw choice of suppliers for all consumers as an important driver for innovative tariffs and offers which would suit customers better but whose evolution would be thwarted by regulation.…”

Section: Introductionmentioning

confidence: 99%

The Future of Retail Energy Markets

Price¹

2008

The Energy Journal

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Britain was one of the first countries to introduce competition to retail energy markets in 1998; after a decade of choice, around half of its residential consumers have switched supplier. This paper presents evidence on consumer and supplier behaviour over the decade since the markets were opened to assess the success of the 'experience' to date. The early debate about the value of extending choice to householders, in which David Newbery was amongst those who expressed doubts, remains to be resolved in an era of rising costs and increasing politicisation."While Britain has coped very well with wholesale market power, ending the domestic franchise and removing regulation from the retail supply margin has exposed households to considerable increases in those margins, as switching costs appear significant, and vertically integrated companies have been effective in exploiting their power."

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Untitled

Cited by 38 publications

References 15 publications

Taking Stock of Wholesale Power Markets In Developing Countries: A Literature Review

Taking Stock of Wholesale Power Markets In Developing Countries: A Literature Review

Some Applied Economics of Utility Regulation A Paper in Honor of David Newbery

The Future of Retail Energy Markets

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