Transparency of retail energy pricing: Evidence from the us natural gas industry

Chi Keung Woo; Jay Zarnikau; Ira Horowitz; Alice Shiu

doi:10.1002/mde.2616

Transparency of retail energy pricing: Evidence from the us natural gas industry

Chi Keung Woo, Jay Zarnikau^*, Ira Horowitz, Alice Shiu

^*Corresponding author for this work

Research output: Contribution to journal › Journal article › peer-review

5 Citations (Scopus)

Abstract

We test and cannot reject the hypothesis that retail pricing of natural gas is transparent for commercial and residential customers served by regulated local distribution companies in the United States. The periods of adjustment to a wholesale price change are 1.54months for the commercial price and 1.69months for the residential price. These findings support the view that regulated local distribution companies quickly adjust retail prices to fully capture any change in the wholesale natural gas price.

Original language	English
Pages (from-to)	300-308
Number of pages	9
Journal	Managerial and Decision Economics
Volume	35
Issue number	4
DOIs	https://doi.org/10.1002/mde.2616
Publication status	Published - Jun 2014

Scopus Subject Areas

Business and International Management
Strategy and Management
Management Science and Operations Research
Management of Technology and Innovation

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10.1002/mde.2616

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abstract = "We test and cannot reject the hypothesis that retail pricing of natural gas is transparent for commercial and residential customers served by regulated local distribution companies in the United States. The periods of adjustment to a wholesale price change are 1.54months for the commercial price and 1.69months for the residential price. These findings support the view that regulated local distribution companies quickly adjust retail prices to fully capture any change in the wholesale natural gas price.",

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AB - We test and cannot reject the hypothesis that retail pricing of natural gas is transparent for commercial and residential customers served by regulated local distribution companies in the United States. The periods of adjustment to a wholesale price change are 1.54months for the commercial price and 1.69months for the residential price. These findings support the view that regulated local distribution companies quickly adjust retail prices to fully capture any change in the wholesale natural gas price.

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Transparency of retail energy pricing: Evidence from the us natural gas industry

Abstract

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