The Benefits of Competition in Regulated Energy Retail Markets
Article from: OGEL 2 (2023), in Roundup of Articles
Abstract
A successful process of deregulation and liberalization in regulated energy retail markets is one which sets the basis to maximize general well-being. However, the lack of specific experience regarding its impact hinders the way in which success can be defined. Deregulation processes of electricity and natural gas energy retail markets were based on the aspiration that the benefits of competition would materialize in different dimensions: for example, higher quality of service, greater efficiency, lower price, and greater variety of products. Competition These benefits can only be ...