|Title: ||UK domestic energy contracts, the 28 day rule, and experience in Sweden|
|Authors: ||Littlechild, Stephen C|
|Issue Date: ||16-Jun-2004|
|Abstract: ||In the UK, domestic customers must be able to terminate energy contracts at 28 days� notice. This has been seen as a transitional protection for customers and for competition. This paper reviews the arguments for and against the 28 day rule, and examines the extent to which UK suppliers have offered fixed-price fixed-term contracts. It also looks at experience in Sweden, where there is no such restriction and where there is greater use of fixed-price fixed-term contracts. The paper concludes that there is no longer a need for the 28 day rule to protect customers, and that it is more likely to restrict than to protect competition.|
|Appears in Collections:||Cambridge Working Papers in Economics|
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