Economics of the Energy Market

26 November 2010

The Director of OVO Energy, Stephen Fitzpatrick, today spoke to U6 and L6 economists on the ‘Economics of the Energy Market’. In the days running up to the talk, British Gas had hiked their prices by 7%, other energy firms had followed with similar rises within days and the regulator OFGEM had just announced another inquiry into the energy market. Having launched OVO in November 2008, Stephen spoke about the difficulties of breaking into a market previously dominated by six large firms and the prevalence of consumer inertia (i.e. consumers’ lack of willingness to switch supplier). The talk covered a wide variety of topics such as privatisation, price transparency, information failures, globalisation, the role of regulators and the division between the production and sale of energy. The talk was not only of intrinsic interest but shed light on how principles learned in class play out in the ‘real world’.

     
Popular pages

Latest News
Head's Blog
Sports fixtures/results

Contact Details
Term dates
Maps
Bus Service
Vacancies

Admissions
Prospectus
Visit Abingdon
Open Day
Virtual Tour
Boarding
Academic Results

Most read
Building Begins of Abingdon School’s new Science Centre
UKMT Maths Challenge
School’s Head of the River
First Year Adventure Trip 2014
ATOM Science Fair
CCF Easter Camp
Inter House Sports Competitions
J14 Single-sculling Camp
Sainsbury’s School Games Spring Festival
Lower School Inter-Tutor Group Hockey Competition
Recently Updated
Scholarships
Contact
Contact Details
ASPA
Sports Centre
Water Polo
Introduction
Music Staff
Match Arrangements
Music Calendar





Accessibility Home page News section Academic section The Other Half section Community section Admissions section Calendar section Contact section School overview Print page Increase text size Decrease text size