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dc.contributor.authorSTAGNARO, Carlo
dc.contributor.authorAMENTA, Carlo
dc.contributor.authorDI CROCE, Giulia
dc.contributor.authorLAVECCHIA, Luciano
dc.date.accessioned2018-09-05T06:44:35Z
dc.date.available2018-09-05T06:44:35Z
dc.date.issued2018
dc.identifier.issn1028-3625
dc.identifier.urihttps://hdl.handle.net/1814/58204
dc.description.abstractItaly will phase electricity retail price regulation by July 1st, 2020. This is the last step in the process of electricity market liberalization, that started in 1999. Until then, residential customers and small businesses who do not choose their supplier, will be supplied under a transitional, regulated service named “maggior tutela” (greater protection), which is supplied by the local distributor at a price set by the regulator. This paper reviews the literature on electricity retail competition – with particular regard to its expected effects on prices, innovation and customer engagement – and the condition under which its benefits may be delivered. Then a Structure-Conduct-Performance analysis of Italy’s retail electricity market for residential customers is performed. Two issues are found to be potentially problematic: excessive market concentration and low customer engagement. Energy poverty is also identified as an issue to be addressed. A phase-out mechanism is finally proposed, that relies on graduality, asymmetric regulation and a mandatory, opt-out collective switching exercise. The mechanism aims to rapidly reducing market concentration by leveraging on behavioral incentives to customers still under regulated prices to switch to the cheapest supplier.en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2018/45en
dc.relation.ispartofseriesFlorence School of Regulationen
dc.relation.ispartofseriesEnergyen
dc.relation.ispartofseriesElectricityen
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectElectricityen
dc.subjectCompetitionen
dc.subjectRetail Marketen
dc.subjectRegulationen
dc.subjectEnergy povertyen
dc.titleManaging the liberalization of Italy's retail electricity market : a policy proposalen
dc.typeWorking Paperen
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