Tag Archives: D. Newbery

Fuel mix diversification incentives in liberalized electricity markets: A Mean-Variance Portfolio theory approach

Fabien Roques, David Newbery, William Nuttall Fuel mix diversification incentives in liberalized electricity markets: A Mean-Variance Portfolio theory approach Energy Economics 30 (4) 2008, 1831-1849. Available at: ScienceDirect Read more

International Benchmarking and Regulation of European Gas Transmission Utilities

Tooraj Jamasb, David Newbery, Michael Pollitt, Thomas Triebs International Benchmarking and Regulation of European Gas Transmission Utilities Prepared for The Council of European Energy Regulators (CEER) – Task Force on Benchmarking of Transmission Tariffsu Published 31 July 2008 | Available at energy-regulators.eu Read more

Carbon Capture & Storage (CCS): Analysis of Incentives and Rules in a European Repeated Game Situation

David Newbery, David Reiner, Tooraj Jamasb, Richard Steinberg, Flavio Toxvaerd, Pierre Noel Carbon Capture & Storage (CCS): Analysis of Incentives and Rules in a European Repeated Game Situation 01 June 2009 | Report available from DECC Read more

EP 64

David Newbery Electricity Liberalisation in Britain: the quest for a satisfactory wholesale market design EP 64  | Non-Technical Summary | PDF Abstract: Britain was the exemplar of electricity market reform, demonstrating the importance of ownership unbundling and workable competition in generation and supply. Privatisation created de facto duopolies that supported increasing price-cost margins and induced… Read more

EP 58

Fabien Roques, David Newbery, William Nuttall Generation Adequacy and Investment Incentives in Britain: from the Pool to NETA EP 58  | Non-Technical Summary | PDF Abstract: Three years after the controversial change of the British market design from compulsory Pool with capacity payments to decentralised energy-only New Electricity Trading Arrangements (NETA) market framework, we compare… Read more

EP 48

Karsten Neuhoff, David Newbery Integrating Energy Markets: Does Sequencing Matter? EP 48 | Non-Technical Summary | PDF Abstract: This paper addresses three questions that are relevant to integrating different regional transmission areas. Market integrating normally increases the number of competitors and should therefore reduce prices but the first section shows that prices could rise when… Read more

EP 47

Torraj Jamasb, Raffaella Mota, David Newbery, Michael Pollitt Electricity Sector Reform in Developing Countries: A Survey of Empirical Evidence on Determinants and Performance EP 47  | Non-Technical Summary | PDF Abstract: This paper reviews the empirical evidence on electricity reform in developing countries. We find that country institutions andsector governance play an important role in… Read more

EP 46

Torraj Jamasb, David Newbery, Michael Pollitt Core Indicators for Determinants and Performance of Electricity Sector in Developing Countries EP 46 | Non-Technical Summary | PDF Abstract: Since the early 1990s, substantial resources and effort have been spent on implementing market-oriented electricity reform in developing countries. Important sectoral, economic, and social dimensions are involved in electricity… Read more

EPRG 0510

David Newbery Climate Change Policy and its Effect on Market Power in the Gas Market EPRG 0510  | Non-Technical Summary | PDF Abstract: The European Emissions Trading Scheme (ETS) limits CO2 emissions from covered sectors, especially electricity until December 2007, after which a new set of Allowances will be issued. The paper demonstrates that the… Read more

EPRG 0509

Fabien Roques, William Nuttall, David Newbery, Richard De Neufville Nuclear Power: A Hedge against Uncertain Gas and Carbon Prices? EPRG 0509  | Non-Technical Summary | PDF Abstract: High fossil fuel prices have rekindled interest in nuclear power. This paper identifies specific nuclear characteristics making it unattractive to merchant generators in liberalised electricity markets, and argues… Read more

EPRG 0507

Tooraj Jamasb, Karsten Neuhoff, David Newbery, Michael Pollitt Long-term Framework for Electricity Distribution Access Charges EPRG 0507  | Non-Technical Summary | PDF Abstract: In order to achieve overall economic efficiency, incentive regulation of electricity distribution utilities must address two important and inter-related issues. First, the utilities’ allowed revenues need to be set at correct levels.… Read more