{"product_id":"electricity-deregulation-and-vertical-integration-von-donald-burtt","title":"Electricity Deregulation and Vertical Integration","description":"\u003cp\u003eThis work examines the progression of  generators and retailers, following electricity  deregulation, to vertically integrate (VI) to  determine whether all participants  might benefit, or because generators are provided  with increased market power, electricity consumers  in particular could be worse off. The drivers of  generators and retailers to vertically integrate  are examined, with the lessons learnt applied to  the Queensland electricity market. A literature  review was first undertaken, with particular  reference to the writings of Oliver Williamson. The  Queensland analysis concluded that the maximum  benefits that consumers could expect from VI was  $138 million p.a. with current meter technology and  strong retail competition, increasing to $156  million p.a. if meter technology improved. Total  possible VI benefits were estimated at $321 million  p.a., so consumers could expect to receive no more  than 50% of total VI benefits. That is in a  strongly competitive retail market, consumers could  expect to receive, at the most, 50% of VI benefits,  whereas in a weakly competitive retail market,  consumers could be worse off.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838365503\"\u003e\u003ch3\u003eElectricity Deregulation, Vertical Integration and the Importance of Independent Electricity Retailers\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838365503","offer_id":39469251035229,"sku":"9783838365503","price":79.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/79c5a0b6-f216-43de-8f98-904bb6e32211.jpg?v=1758774271","url":"https:\/\/shop.autorenwelt.de\/products\/electricity-deregulation-and-vertical-integration-von-donald-burtt","provider":"Autorenwelt Shop","version":"1.0","type":"link"}