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Transparency of Retail Energy Pricing: Evidence from the US Natural Gas Industry

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  • Chi‐Keung Woo
  • Jay Zarnikau
  • Ira Horowitz
  • Alice Shiu

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 1.54 months for the commercial price and 1.69 months 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. Copyright © 2013 John Wiley & Sons, Ltd.

Suggested Citation

  • Chi‐Keung Woo & Jay Zarnikau & Ira Horowitz & Alice Shiu, 2014. "Transparency of Retail Energy Pricing: Evidence from the US Natural Gas Industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 35(4), pages 300-308, June.
    • Handle: RePEc:wly:mgtdec:v:35:y:2014:i:4:p:300-308
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    Cited by:

    1. Li, Raymond & Woo, Chi-Keung & Tishler, Asher & Zarnikau, Jay, 2022. "Price responsiveness of commercial demand for natural gas in the US," Energy, Elsevier, vol. 256(C).
    2. Li, Raymond & Woo, Chi-Keung & Tishler, Asher & Zarnikau, Jay, 2022. "How price responsive is industrial demand for natural gas in the United States?," Utilities Policy, Elsevier, vol. 74(C).
    3. Wiggins, Seth & Etienne, Xiaoli L., 2017. "Turbulent times: Uncovering the origins of US natural gas price fluctuations since deregulation," Energy Economics, Elsevier, vol. 64(C), pages 196-205.

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