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competition and entry in the gb electricity retail market.pdf - Frontier ...

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14 <strong>Frontier</strong> Economics | January 2011<br />

Figure 1. Comparative aggregate churn rates<br />

12<br />

10<br />

8<br />

n<br />

ru<br />

h<br />

6<br />

C<br />

4<br />

2<br />

0<br />

Source: Ofgem<br />

2001 2002 2003 2004 2005 2006 2007 2008 2009<br />

Barriers to <strong>entry</strong><br />

GB France Germany Ne<strong>the</strong>rl<strong>and</strong>s Nordpool<br />

It is also particularly noticeable <strong>in</strong> relation to <strong>the</strong> availability of shaped products<br />

<strong>in</strong>to <strong>the</strong> future, with a very small proportion of total traded volumes relat<strong>in</strong>g to<br />

longer dated peak <strong>in</strong>struments 20 , as shown <strong>in</strong> Figure 2.<br />

20 This is someth<strong>in</strong>g that smaller suppliers have said is important to <strong>the</strong>m.

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