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EnglishItaly will phase out electricity retail price regulation by July 1st, 2020. Until then, residential customers and small businesses who do not choose their supplier are served under a regulated tariff named “maggior tutela” (greater protection), supplied by the local distributor at a price set by the regulator. We review the literature on electricity retail competition – with particular regard to its expected effects on prices, innovation, and customer engagement – and the conditions under which competition is expected to deliver benefits. We perform a Structure-Conduct-Performance analysis of Italy’s retail electricity market for residential customers, finding two issues potentially problematic: excessive market concentration and low customer engagement. We propose a phase-out mechanism that relies on graduality, asymmetric regulation, and a mandatory, opt-out collective switching exercise. The mechanism aims to rapidly reduce market concentration by leveraging behavioral incentives to customers to switch to the cheapest supplier.
Stagnaro, C., Amenta, C., Di Croce, G., & Lavecchia, L. (2019). Managing the liberalization of Italy's retail electricity market: A policy proposal☆. ENERGY POLICY, 137, 1-6 [10.1016/j.enpol.2019.111150].
| Data di pubblicazione: | 2019 | |
| Titolo: | Managing the liberalization of Italy's retail electricity market: A policy proposal☆ | |
| Autori: | ||
| Citazione: | Stagnaro, C., Amenta, C., Di Croce, G., & Lavecchia, L. (2019). Managing the liberalization of Italy's retail electricity market: A policy proposal☆. ENERGY POLICY, 137, 1-6 [10.1016/j.enpol.2019.111150]. | |
| Rivista: | ||
| Digital Object Identifier (DOI): | http://dx.doi.org/10.1016/j.enpol.2019.111150 | |
| Abstract: | Italy will phase out electricity retail price regulation by July 1st, 2020. Until then, residential customers and small businesses who do not choose their supplier are served under a regulated tariff named “maggior tutela” (greater protection), supplied by the local distributor at a price set by the regulator. We review the literature on electricity retail competition – with particular regard to its expected effects on prices, innovation, and customer engagement – and the conditions under which competition is expected to deliver benefits. We perform a Structure-Conduct-Performance analysis of Italy’s retail electricity market for residential customers, finding two issues potentially problematic: excessive market concentration and low customer engagement. We propose a phase-out mechanism that relies on graduality, asymmetric regulation, and a mandatory, opt-out collective switching exercise. The mechanism aims to rapidly reduce market concentration by leveraging behavioral incentives to customers to switch to the cheapest supplier. | |
| Settore Scientifico Disciplinare: | Settore SECS-P/08 - Economia E Gestione Delle Imprese | |
| Appare nelle tipologie: | 1.01 Articolo in rivista |
File in questo prodotto:
| File | Descrizione | Tipologia | Licenza | |
|---|---|---|---|---|
| Managing the liberalization of Italy - Paper with affiliations.pdf | Pre-print | Administrator Richiedi una copia | ||
| Amenta_managing the liberalization of Italy.pdf | Versione Editoriale | Administrator Richiedi una copia |
http://hdl.handle.net/10447/390688
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