Energy Policy Research Group

EPRG is pleased to announce our successful 2023 Spring Seminar in partnership with Compass Lexecon, “Energy policy: From crisis to net zero”. On May 4, 2023, EPRG hosted delegates to a dinner at Robinson College, and on May 5, 2023, at Robinson College for a full-day seminar. The first day concluded with a keynote speech given by Lucia Reisch (El-Erian Institute, Cambridge Judge Business School, “Can we nudge to net zero?”.

Categories: Events, Featured Items, News, Spring Seminars ♦

PROGRAMME 4 MAY 2023 Lucia Reisch (El-Erian Institute, Cambridge Judge Business School) gave a keynote speech: “Can we nudge to net zero?” 5 MAY 2023 SESSION 1—ELECTRICITY MARKET DESIGN IN GREAT BRITAIN Chair: Michael Pollitt (EPRG) Jason Mann (FTI Consulting) Kayte O’Neill (National Grid ESO) SESSION 2—THE FUTURE OF HYDROGEN Chair: Sahil Agarwal (FTI Consulting) Anton Burger (Compass Lexecon) David Reiner (EPRG) - slides SESSION 3—ROUNDTABLE: POLICY RESPONSES TO THE…

EPRG Working Paper 2310

Categories: Featured Items, Previous Years, Working Papers 2023 ♦ Author(s): P.holmberg

Edward Anderson and Pär Holmberg Multi-unit auctions with uncertain supply and single-unit demand Abstract | Non-Technical Summary | Text

EPRG Working Paper 2309

Categories: Featured Items, News, Working Papers 2023 ♦ Author(s): CK Chyong

David Webbe-Wood, William J. Nuttall, Nikolaos K. Kazantzis, Chi Kong Chyong The Options Value of Blue Hydrogen in a Low Carbon Energy System Abstract | Non-Technical Summary | Text

Podcast by Dr Kamiar Mohaddes & Economic Times about the economic effects of ElNiño for India, the rest of the Asia-Pacific, the United States & the global economy (regarding economic growth & inflation).

Categories: Featured Items, News ♦ Author(s): K. Mohaddes

Dr Kamiar Mohaddes talked to the podcast of Economic Times about the economic effects of El Niño for India, the rest of the Asia Pacific, the United States and the global economy regarding economic growth and inflation. This is based on his work with various colleagues (including from the International Monetary Fund), such as The Growth Effects of El Niño and La Niña: Local Weather Conditions Matter and Fair weather or foul? The macroeconomic…

EPRG Working Paper 2308

Categories: Featured Items, News, Working Papers 2023 ♦ Author(s): CK Chyong, D. Reiner

Chi Kong Chyong, David M Reiner, Rebecca Ly, Mathilde Fajardy The economic value of flexible CCS in net-zero electricity systems: The case of the UK Abstract | Non-Technical Summary | Text

EPRG Working Paper 2307

Categories: Featured Items, News, Working Papers 2023 ♦ Author(s): D. Newbery

David Newbery Regulation of access, fees, and investment planning of transmission in Great Britain[1] Abstract | Non-Technical Summary | Text

Journal Article “From theory to practice: determining emissions in traded goods under a border carbon adjustment”, Oxford Review of Economic Policy, Volume 39,

Categories: Featured Items, Journal Articles 2023, News ♦ Author(s): M.Mehling, R. Ritz

Robert Ritz (EPRG) and Michael Mehling (MIT CEEPR) have published a new paper “From theory to practice: determining emissions in traded goods under a border carbon adjustment " in the Oxford Review of Economic Policy.

EPRG Working Paper 2306

Categories: Featured Items, News, Working Papers 2023 ♦ Author(s): P. Simshauser

Nicholas Gohdes, Paul Simshauser and Clevo Wilson Renewable investments in hybridised energy markets: optimising the CfD-merchant revenue mix Abstract | Non-Technical Summary | Text

EPRG Working Paper 2305

Categories: Featured Items, News, Working Papers 2023 ♦

J.P. Chaves, R. Cossent, T. Gómez San Román, P. Linares, and M. Rivier An assessment of the European electricity market reform options and a pragmatic proposal Abstract | Non-Technical Summary | Text

EPRG Working Paper 2304

Categories: Featured Items, Working Papers 2023 ♦ Author(s): P. Simshauser

Farhad Billimoria and Paul Simshauser Contract design for storage in hybrid electricity markets Abstract | Non-Technical Summary | Text

EPRG Working Paper 2303

Categories: Featured Items, News, Working Papers 2023 ♦ Author(s): D. Reiner

Juyong Lee and David M. Reiner Determinants of public preferences on low carbon electricity: Evidence from the United Kingdom Abstract | Non-Technical Summary | Text

EPRG Working Paper 2302

Categories: Featured Items, News, Working Papers 2023 ♦ Author(s): CK Chyong, D. Reiner, M. Pollitt

Chi Kong Chyong, Michael Pollitt, David M. Reiner, Carmen Li Modelling Flexibility Requirements in European 2050 Deep Decarbonisation Scenarios: The role of conventional flexibility and sector coupling options Abstract | Non-Technical Summary | Text

EPRG Working Paper 2301

Categories: Featured Items, News, Working Papers 2023 ♦ Author(s): K. Mohaddes

Tiago Cavalcanti, Kamiar Mohaddes, Hongyu Nian, and Haitao Yin Air Pollution and Firm-Level Human Capital, Knowledge and Innovation Abstract | Non-Technical Summary | Text

Report “Social media enables people-centric climate action in the hard-to-decarbonise building sector” by R. Debnath, K. Mohaddes et al

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): K. Mohaddes, R. Debnath

Ramit Debnath, Ronita Bardhan, Darshil U. Shah, Kamiar Mohaddes, Michael H. Ramage, R. Michael Alvarez, and Benjamin K. Sovacool co-authored a report "Social media enables people-centric climate action in the hard-to-decarbonise building sector" for Nature Scientific Reports that was published on 17 November 2022. You can read the report here

Article “COP must reverse rising pessimism over building sector decarbonisation”by R. Debnath, K. Mohaddes et al

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): K. Mohaddes, R. Debnath

R. Debnath, R. Bardhan, DU Shah, K. Mohaddes, MH Ramage, MR Alvarez, and B. Sovacool published an article in University Research News - University of Cambridge on 17 November 2022. You can read the article here

EPRG Working Paper 2220

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): M. Pollitt

Zeenat Hameed, Michael Pollitt, Paul Kattuman, Chresten Træholt Frequency markets and the problem of predictability Abstract | Non-Technical Summary | Text

EPRG Working Paper 2219

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): P. Simshauser

Paul Simshauser Tim Nelson & Joel Gilmore The sunshine state: implications from mass rooftop solar PV take-up rates in Queensland Abstract | Non-Technical Summary | Text

EPRG Working Paper 2218

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): D. Reiner

Zeynep Clulow and David M. Reiner Democracy, economic development and lowcarbon energy: When and why doesdemocratization promote energy transition? Abstract | Non-Technical Summary | Text | Supplementary Information

2022 EPRG Winter Seminar

Categories: 2022, Archives, Bi-annual Research Seminars, Events, Featured Items, News, Winter Seminars ♦

EPRG is pleased to announce our successful 2022 Winter Seminar. On December 8, 2022, EPRG hosted delegates to a dinner at Sidney Sussex College, and on December 9, 2022, at Homerton College for a full-day seminar. The first day concluded with a keynote speech given by Cass Sunstein (Harvard University & Harvard Law School). PROGRAMME EPRG 2022 Winter Seminar, 8-9 December 2022“Energy policy at a time of crisis” 9 December…

EPRG E&E Seminar & Professor David Newbery 08/11/22

Categories: 2022, Events, Featured Items, News ♦ Author(s): D. Newbery

Professor David Newbery was the speaker today at our E&E seminar entitled “Electricity market design: Signalling efficient location and operation.” Please click here.

Book Review by: Stephen Littlechild

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): S. Littlechild

Stephen Littlechild published a book review in the journal Economics of Energy & Environmental Policy, Volume 11, Number 2 "The Future of Electricity Retailing and How We Get There, by Frank A. Wolak and Ian H. Hardman".

IAEE award for Stephen Littlechild

Categories: Featured Items, News ♦ Author(s): S. Littlechild

In August Stephen Littlechild was awarded the 2022 prize for Outstanding Contributions to the Profession by the International Association for Energy Economics (IAEE). His acceptance speech can be found here

EPRG Working Paper 2217

Categories: Featured Items, News, Uncategorised, Working Papers 2022 ♦

Jim Krane Net Zero Saudi Arabia: How Green Can the Oil Kingdom Get? Abstract | Non-Technical Summary | Text

EPRG Working Paper 2216

Categories: Featured Items, News, Working Papers 2022 ♦

Paul Simshauser The 2022 Energy Crisis: horizontal and vertical impacts of policy interventions in Australia’s National Electricity Market Abstract | Non-Technical Summary | Text

Michael Pollitt co-authored a report “The European Wholesale Electricity Market: From Crisis to Net Zero” for CERRE that was published on 11 October 2022.

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): M. Pollitt

This report aims to examine wholesale electricity market design and the proposed changes and interventions in light of Europe’s current energy crisis and carbon neutrality goals. You can read the report here

The Energy Policy Research Group recently provided two timely new contributions on the future of electricity policy in response to a major government consultation on the subject. In July 2022, the UK Department for Business, Energy, and Industrial Strategy (BEIS) released its Review of Electricity Market Arrangements (REMA), which BEIS described as the ‘biggest electricity market reform in a generation’ and submissions were due on 10 October 2022.

Categories: Featured Items, News ♦ Author(s): D. Newbery, D. Reiner, M. Pollitt, R. Ritz

Prof David Newbery, Prof Michael Pollitt, Prof David Reiner and Dr Robert Ritz submitted a response to the REMA Consultation Document Questions going through each of the chapters in detail. Prof David Newbery, EPRG's director wrote a commentary on the future of UK electricity policy in response to REMA.

EPRG Working Paper 2215

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): M. Pollitt

Victor Ajayi and Michael G. Pollitt Green growth and net zero policy in the UK: some conceptual and measurement issues. Abstract | Non-Technical Summary | Text

EPRG Working Paper 2214

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): M. Pollitt

Victor Ajayi and Michael G. Pollitt Changing times: Incentive regulation, corporate reorganisations, and productivity in the Great Britain’s gas networks Abstract | Non -Technical Summary | Text

Report “The Active Distribution System Operator (DSO)”

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): M. Pollitt

Michael Pollitt authored a report "The Active Distribution System Operator (DSO)" for CERRE that was published on 27 September 2022. You can read the report here Click here to watch the launch presentation

CEEPR & EPRG European Energy Policy Conference
Brussels, 1-2 September 2022

Categories: 2022, Annual International Conferences, Archives, Events, Featured Items, News ♦ Author(s): D. Newbery, D. Reiner, M. Pollitt, R. Ritz, S.taylor

EPRG is pleased to announce our successful 2022 EPRG & CEEPR European Energy Policy Conference. This year the conference was held in strategic partnership with EDF. It took place at Sparks Building, Rue Ravenstein 60, in Brussels, Belgium, on 1 – 2 September 2022 and comprised of 1,5 day of sessions and dinner. PROGRAMME Thursday 1 September Welcome and Announcements Christopher R. Knittel (MIT)David Newbery (EPRG) Session 1: NET ZERO SCENARIOS: WHAT DO (AND DON’T) THEY TELL US?…

We are looking to hire a new Research Associate at EPRG in Economics and Policy of Heat Decarbonisation (2-year full-time from 1 Jan 2023 or ASAP). Closing date is 6 October. For details on the role and to apply please go to:

Categories: Featured Items, News, Opportunities ♦

https://www.jobs.cam.ac.uk/job/36959/

“The Energy Price Guarantee: What principles should the UK Government apply in thinking about how to implement this?” By Michael G. Pollitt, David M. Reiner and David M.G. Newbery

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): D. Newbery, D. Reiner, M. Pollitt

A new paper from Prof. Michael G. Pollitt, Prof. David Reiner and Prof. David Newbery at the Energy Policy Research Group, University of Cambridge. You can read this article here

“The Energy Market in Time of War” by Michael G. Pollitt

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): M. Pollitt

Prof. Michael G. Pollitt assistant director at the Energy Policy Research Group, University of Cambridge and academic co-director at the Centre on Regulation in Europe (CERRE), authored the "The Energy Market in Time of War" that was published in The Centre on Regulation in Europe on 7 September 2022. You can read this article here

EPRG Working Paper 2213

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): M. Pollitt

Tianyu Li, Ciwei Gao, Michael G. Pollitt, Tao Chen and Hao Ming Measuring the effects of power system reform in Jiangsu province, China from the perspective of Social Cost Benefit Analysis Abstract | Non -Technical Summary | Text

EPRG is pleased to announce our successful 2022 EPRG & CEEPR International Energy Policy Conference “Strategies for 2050 Carbon Neutrality in East Asia” Seoul, 2022

Categories: 2022, Annual International Conferences, Events, Featured Items, News ♦ Author(s): CK Chyong, D. Reiner, K. Mohaddes, M. Pollitt, S.taylor

PROGRAMME Monday, 27 June 2022 Welcome and AnnouncementsChristopher R. Knittel (MIT)Michael Pollitt (EPRG)Yong Tae Yoon (SNU) KEYNOTE SPEECHPresident & CEO Seung-Il Cheong (KEPCO) KEYNOTE SPEECHCEO & Chairman Dong Hee Jung (KPX) NET-ZERO SCENARIOS OF MAJOR COUNTRIESChaired by David Reiner (EPRG) Kamiar Mohaddes (EPRG) (virtually)Sergey Paltsev (MIT)Jiyong Eom (KAIST)RESTRUCTURING AND REGULATING THE POWER INDUSTRY FOR A NET-ZERO WORLDChaired by Michael Pollitt (EPRG) Christopher R. Knittel (MIT)Daniel Navia (EPRG)Ho Hyern Youn (KPX)Tuesday,…

Report “Retail Energy Markets Under Stress” by M. Pollitt

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): M. Pollitt

Michael Pollitt co-authored a report “Retail Energy Markets Under Stress” for CERRE that was published on 13 July 2022. You can read the report here This report was presented at CERRE webinar on 14 July 2022

EPRG Working Paper 2212

Categories: Featured Items, News, Working Papers 2022 ♦

Karsten Neuhoff Defining gas price limits and gas saving targets for a large-scale gas supply interruption Abstract | Non-Technical Summary | Text

David Newbery awarded the honorary title of Doctor by Dauphine – PSL

Categories: Archives, Featured Items, News ♦ Author(s): D. Newbery

We are delighted to announce that David Newbery (Director of EPRG, Emeritus Professor of Economics, Faculty of Economics, University of Cambridge) awarded the honorary title of Doctor by Dauphine-PSL on 2 June 2022 by Prof. El Mouhoub Mouhoud, President of Dauphine - PSL, and Prof. Bruno Bouchard, Vice-President of the Scientific Council. Please read more here Congratulations to David!

Presentation “The Green Economy and the Path to Net Zero: Implications for Productivity Measurement” by M.Pollitt

Categories: Archives, Featured Items, News, Presentations 2022 ♦ Author(s): M. Pollitt

Michael Pollitt (Assistant Director, EPRG and Professor of Business Economics, Judge Business School, University of Cambridge) visited the ESCOE Annual Conference in Glasgow on 27 May 2022 and gave a talk on “The Green Economy and the Path to Net Zero: Implications for Productivity Measurement” You can watch a video of the talk here A shorter interview following the talk is available here

Journal Article “Linking executive compensation to climate performance”, California Management Review, Volume 64, May 2022

Categories: Featured Items, Journal Articles 2022, News, Previous Years, Working Papers 2020 ♦ Author(s): R. Ritz

Robert A. Ritz Linking executive compensation to climate performance California Management Review, Volume 64, May 2022 An earlier version of this work was published as EPRG WP 2029

Journal Article “Global carbon price asymmetry”, Journal of Environmental Economics and Management, Vol. 114, July 2022

Categories: Featured Items, Journal Articles 2022, News, Previous Years, Working Papers 2021 ♦ Author(s): R. Ritz

Robert A. Ritz Global carbon price asymmetry Journal of Environmental Economics and Management, Vol. 114, July 2022 Also Published as EPRG WP 2116

EPRG Working Paper 2211

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): R. Ritz

Robert A. Ritz Carbon pricing and industrial competitiveness: Border adjustment or free allocation? Abstract | Non-Technical Summary | Text

2022 EPRG Spring Seminar

Categories: Events, Featured Items, News, Spring Seminars ♦ Author(s): D. Newbery, D. Reiner, M. Pollitt, S. Littlechild

EPRG is pleased to announce our successful 2022 Spring Seminar in partnership with Compass Lexecon. On May 5, 2022, EPRG hosted delegates to a dinner at Downing College, and on May 6, 2022, at Robinson College for a full-day seminar. The first day concluded with a keynote speech given by Dr. Simon Taylor. PROGRAMME 6 MAY 2022 SESSION 1 – ENERGY MARKETS & SECURITY Chair: David Newbery (EPRG) Fabien Roques (Compass Lexecon)…

EPRG Working Paper 2210

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): P. Simshauser

Paul Simshauser On dividends and market valuations of Australia’s listed electricity utilities: regulated vs. merchant Abstract | Non - Technical Summary | Text

EPRG Working Paper 2209

Categories: Featured Items, News, Working Papers 2018, Working Papers 2022 ♦ Author(s): D. Reiner

Wei Zhou, Alice Moncaster, Eoghan O’Neill, David M Reiner, Xinke Wang and Peter Guthrie Modelling future trends of annual embodied energy of urban residential building stock in China Abstract | Non -Technical Summary | Text

Speech in honour of Friedrich Hayek by S. Littlechild

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): S. Littlechild

Stephen Littlechild's speech in honour of Friedrich Hayek at the Austrian Embassy, London, 23 March 2022 | PDF

Article “Cold and wet hits US states harder in some sectors” with K. Mohaddes

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): K. Mohaddes

Dr Kamiar Mohaddes and his work on "Climate Change and Economic Activity: Evidence from U.S. States" is covered in JBS news in article "Cold and wet hits US states harder in some sectors", on 16 March 2022 You can read the article here

Blog “Accelerating Africa’s green economy transition”, by V. Ajayi

Categories: Featured Items, News, Other Papers 2022 ♦

Victor Ajayi and Chuku Chuku wrote a blog "Accelerating Africa’s green economy transition" in Brookings on 4 November 2021 Please read the blog here

Journal Article “Market Power and Long-term Gas Contracts: The Case of Gazprom in Central and Eastern European Gas Markets”, The Energy Journal, Vol. 44, Number 1, 2022

Categories: Featured Items, Journal Articles 2022, News ♦ Author(s): CK Chyong, D. Reiner

Chi Kong Chyong, David M Reiner, Dhruvak Aggarwal Market Power and Long-term Gas Contracts: The Case of Gazprom in Central and Eastern European Gas Markets The Energy Journal, Volume 44, Number 1, 2022 Also Published as EPRG WP 2115

Journal Article “The Cost of Carbon Leakage: Britain’s Carbon Price Support and Cross-border Electricity Trade”, The Energy Journal, Vol. 44, 2022

Categories: Featured Items, Journal Articles 2022, News ♦ Author(s): D. Newbery

Bowei Guo and David Newbery The Cost of Carbon Leakage: Britain’s Carbon Price Support and Cross-border Electricity Trade The Energy Journal, Volume 44, Number 1, 2022 Also Published as EPRG WP 2005

Journal Article “State-level electricity generation efficiency: Do restructuring and regulatory institutions matter in the US?”, Energy Economics, Vol. 104, December 2021

Categories: Featured Items, Journal Articles 2021, News ♦

Victor Ajayi and Tom Weyman - Jones State-level electricity generation efficiency: Do restructuring and regulatory institutions matter in the US? Energy Economics, Volume 104, Article Number 105650, December 2021

Blog: “Energy Transition Policy in Sub-Saharan Africa: Using Ghana as a case study” with R. Debnath

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): R. Debnath

Dr Ramit Debnath (EPRG Associate Researcher) together with others was awarded a Small Grant by the Energy IRC for a project titled: ‘Energy Transition Policy in Sub-Saharan Africa: Using Ghana as a case study’. The blog by Sandile Mtetwa "Energy Transition Policy in Sub-Saharan Africa: Using Ghana as a case study" was published by Energy @ Cambridge. You can read the blog here

Op-ed “Russian gas will fund Putin’s war on Ukraine no matter what decisions Europeans might take” by CK Kong

Categories: Featured Items, News, Op-ed, Other Papers 2022 ♦ Author(s): CK Chyong

Chi Kong Chyong published an article "Russian gas will fund Putin’s war on Ukraine no matter what decisions Europeans might take" in which he discusses the implications of the Russian invasion of Ukraine. It was published on 8 March 2022 on University of Cambridge website You can read the article here

Presentation “Developing a market to deliver reliable cost-effective decarbonised electricity” by D. Newbery

Categories: Featured Items, News, Presentations 2022 ♦ Author(s): D. Newbery

David Newbery gave a presentation "Developing a market to deliver reliable cost-effective decarbonised electricity" at the virtual policy conference of Westminster Energy, Environment and Transport Forum on 28 February 2022 | PDF

EPRG Working Paper 2208

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, Ryan Ng, M. Hashem Pesaran, Mehdi Raissi, and Jui-Chung Yang Climate Change and Economic Activity: Evidence from U.S. States Abstract | Non-Technical Summary | Text

EPRG Working Paper 2207

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): D. Newbery

David Newbery Wind, water and wires: evaluating joint wind and interconnector capacity expansions in hydro-rich regions Abstract | Non-Technical Summary | Text

Podcast “Power To The People” with M. Pollitt

Categories: Featured Items, News, Op-ed ♦ Author(s): M. Pollitt

Michael Pollitt took part in a podcast "Power To The People" by Byline Times on 9 February 2022. To listen to the podcast please click here

EPRG Working Paper 2206

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): CK Chyong, D. Reiner

Vassilis M. Charitopoulos, Mathilde Fajardy, Chi Kong Chyong, and David M. Reiner The case of 100% electrification of domestic heat in Great Britain Abstract | Non-Technical Summary | Text Supplementary material

EPRG Working Paper 2205

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): D. Reiner

Zeynep Clulow and David M Reiner How to distinguish climate sceptics, antivaxxers, and persistent sceptics: Evidence from a multi-country survey of public attitudes Abstract | Non-Technical Summary | Text Supplementary tables

EPRG Working Paper 2204

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): P. Simshauser

Nicholas Gohdes and Paul Simshauser Renewable entry costs, project finance and the role of revenue quality in Australia’s National Electricity Market Gohdes, N. Simshauser, P. & Wilson, C. (2022), “Renewable entry costs, project finance and the role of credit quality in Australia’s National Electricity Market”, EPRG Working Paper 2204. Published: Energy Economics, 2022 Vol.114. https://doi.org/10.1016/j.eneco.2022.106312 Abstract | Non-Technical Summary | Text

S. Littlechild latest submission to BEIS and Ofgem, January 2022

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): S. Littlechild

Stephen Littlechild's latest submission "The importance of terminating the energy price cap" is his response to BEIS and Ofgem consultations on the retail energy market | PDF An outline of this submission was published in Energy Spectrum by Cornwall Insight on 24 January 2022. You can read it here

Comment “Reflections on Energy Market Design” by M. Pollitt

Categories: Featured Items, News, Other Papers 2022 ♦ Author(s): M. Pollitt

Comment "Reflections on Energy Market Design" by Michael Pollitt was published by CERRE on 12 January 2022. You can read the comment here

Journal Article “Climate change policy discontinuity & Australia’s 2016-2021 renewable investment supercycle”, Energy Policy, Vol 160, January 2022

Categories: Featured Items, Journal Articles 2022, News ♦ Author(s): P. Simshauser

Paul Simshauser and Joel Gilmore Climate change policy discontinuity & Australia's 2016-2021 renewable investment supercycle Energy Policy, volume 160, January 2022 Based on EPRG WP2014

Presentation “The value of flexibility: a cost benefit analysis of Merlin project” by K. Anaya

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): K. Anaya

Karim Anaya gave a presentation "The value of flexibility: a cost benefit analysis of Merlin project" at the 6th AIEE Energy Symposium on Energy Security on 15 December 2021 | PDF

EPRG Working Paper 2203

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): K. Mohaddes

Ramit Debnath, Ronita Bardhan, Kamiar Mohaddes, Darshil U. Shah, Michael H. Ramage, R. Michael Alvarez People-centric Emission Reduction in Buildings: A Data-driven and Network Topology-based Investigation Abstract | Non-Technical Summary | Text

Journal Article “Climate Change and Fiscal Sustainability: Risks and Opportunities”, National Institute Economic Review, Vol 258, 30 December 2021

Categories: Featured Items, Journal Articles 2021, News ♦ Author(s): K. Mohaddes

Matthew Agarwala, Matt Burke, Patrycja Klusak, Kamiar Mohaddes, Ulrich Volz and Dimitri Zenghelis Climate Change and Fiscal Sustainability: Risks and Opportunities National Institute Economic Review, volume 258, pages 28-46, 30 December 2021

EPRG Working Paper 2202

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): P. Simshauser

Joel Gilmore, Tahlia Nolan and Paul Simshauser The Levelised Cost of Frequency Control Ancillary Services in Australia’s National Electricity Market Abstract | Non-Technical Summary | Text

Journal Article: “Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis”, Energy Economics, Vol 104, December 2021

Categories: Featured Items, Journal Articles 2021, News ♦ Author(s): K. Mohaddes

Matthew E. Kahn, Kamiar Mohaddes, Ryan N.C. Ng, M. Hashem Pesaran, Mehdi Raissi, Jui-Chung Yang Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis Energy Economics, volume 104, article # 105624, pages 1-13, December 2021 This article is based on EPRG WP 1925

EPRG Working Paper 2201

Categories: Featured Items, News, Working Papers 2022 ♦ Author(s): K. Anaya, M. Pollitt

Karim L. Anaya, Monica Giulietti and Michael G. Pollitt Where next for the electricity distribution system operator? Evidence from a survey of European DSOs and National Regulatory Authorities Abstract | Non-Technical Summary | Text

2021 EPRG Virtual Winter Seminar

Categories: Events, Featured Items, News, Winter Seminars ♦

EPRG is pleased to announce our successful 2021 Virtual Winter Seminar. The event took place on 8 and 9 December 2021 and consisted of 4 sessions. The first day concluded with a keynote speech. PROGRAMME 8 DECEMBER 2021 SESSION 1 - Electricity market design Chair: Michael Pollitt (EPRG) David Newbery (EPRG) Designing efficient renewable electricity support schemes Joe Rippon (Sizewell C) Nuclear renaissance SESSION 2 - Roundtable on climate policy Chair:…

EPRG Working Paper 2126

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): K. Anaya, M. Pollitt

Victor Ajayi, Karim Anaya and Michael Pollitt Incentive regulation, productivity growth and environmental effects: the case of electricity networks in Great Britain Abstract | Non-Technical Summary | Text

EPRG Working Paper 2125

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): P. Simshauser

Paul Simshauser Rooftop solar PV and the peak load problem in the NEM’s Queensland region Abstract | Non-Technical Summary | Text

Journal Article: “Vertical integration, peaking plant commitments and the role of credit quality in energy-only markets”, Energy Economics, Vol 104, December 2021

Categories: Featured Items, Journal Articles 2021, News ♦ Author(s): P. Simshauser

Paul Simshauser Vertical integration, peaking plant commitments and the role of credit quality in energy-only markets Energy Economics, volume 104, December 2021 Published as EPRG WP#2008

Journal Articles: Trilogy by S. Littlechild, Utilities Policy, Vol 73, December 2021

Categories: Featured Items, Journal Articles 2021, News ♦ Author(s): S. Littlechild

Utilities Policy, Volume 73, December 2021, contains a Special Issue on the Liittlechild Trilogy. These are three articles by Stephen Littlechild on the theme of Exploring customer satisfaction in the GB retail energy sector. The first two describe the use of the Trustpilot customer review site, particularly by GB energy suppliers, and the third calculates an Overall Customer Satisfaction score for such suppliers, of which the Trustpilot rating is one…

Article “Climate finance: it’ll be cheaper in the long run if poorer countries receive it as a matter of urgency” by K. Mohaddes et al

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, Matthew Agarwala, Matt Burke and Patrycja Klusak wrote an article "Climate finance: it’ll be cheaper in the long run if poorer countries receive it as a matter of urgency" that was published in The Conversation on 5 November 2021. In the article, the authors argue that: Climate change will shrink the economies of rich, poor, hot and cold countries alike and will make it more difficult and more…

Presentation “Incentive-based regulation: An historical perspective and a suggestion for the future” by S. Littlechild

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): S. Littlechild

Stephen Littlechild gave a presentation "Incentive-based regulation: An historical perspective and a suggestion for the future" at the Florence School of Regulation Regulatory Policy Workshop Series 2021-2022 on 5 November 2021 | PDF

Report “Greenovate for a better environment and economy” by Z. Hasna and K.Mohaddes

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): K. Mohaddes

Zeina Hasna, Henry-James Hatton and Kamiar Mohaddes wrote a report "Greenovate for a better environment and economy" for KPMG International in November 2021. Drawing on patent data from 92 patent-application authorities (24 million observations) and the last three decades for 43 OECD and BRICS countries (roughly 24 million observations), the report shows that green patent filings, if sustained, will lead to a significant increase in real GDP growth. You can…

Journal Article: “The hydrogen economy: A pragmatic path forward”, Joule, Vol 5, October 2021

Categories: Featured Items, Journal Articles 2021, News ♦ Author(s): D. Reiner

Niall Mac Dowell, Nixon Sunny, Nigel Brandon, Howard Herzog, Anthony Y. Ku, Wilfried Maas, Andrea Ramirez, David M. Reiner, Gaurav N. Sant, Nilay Shah The hydrogen economy: A pragmatic path forward Joule, volume 5, issue 10, pages 2524-2529, 20 October 2021

Report “Data Centres and the Grid – Greening ICT in Europe” by M. Pollitt

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): M. Pollitt

Michael Pollitt co-authored a report "Data Centres and the Grid – Greening ICT in Europe" for CERRE that was published on 13 October 2021. You can read the report here This report was presented at CERRE webinar on 13 October 2021

Article “How nuclear energy can help make all UK electricity green by 2035” by B. Nuttall

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): W. Nuttall

William (Bill) Nuttall, EPRG Associate Researcher, published an article "How nuclear energy can help make all UK electricity green by 2035" in The Conversation on 6 October 2021. You can read the article here

EPRG Working Paper 2124

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): K. Anaya, M. Pollitt

Karim L. Anaya and Michael G. Pollitt An evaluation of a local reactive power market: the case of Power Potential Abstract | Non-Technical Summary | Text

Journal Article: “National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage”, Energy Policy, Vol 158, November 2021

Categories: Featured Items, Journal Articles 2021, News ♦ Author(s): D. Newbery

David Newbery National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage Energy Policy, volume 158, article #112513, November 2021 Based on EPRG Working Paper 2020

Journal Article: “The cost of uncoupling GB interconnectors”, Energy Policy, Vol 158, November 2021

Categories: Featured Items, Journal Articles 2021, News ♦ Author(s): D. Newbery

Bowei Guo and David Newbery The cost of uncoupling GB interconnectors Energy Policy, Volume 158, article #112569, November 2021 Also published as EPRG WP#2102

Journal Article ” The challenge of removing a mistaken price cap” by S. Littlechild

Categories: Featured Items, Journal Articles 2021, News ♦ Author(s): S. Littlechild

Stephen Littlechild wrote an article "The challenge of removing a mistaken price cap" that was published in Economic Affairs Journal in October 2021 issue. You can read a pre-proof copy of the article here and a link to the final published paper is here

EPRG Working Paper 2123

Categories: Featured Items, News, Working Papers 2021 ♦

Victor Ajayi and Tom Weyman-Jones State-Level Electricity Generation Efficiency: Do Restructuring and Regulatory Institutions Matter in the US? Abstract | Non-Technical Summary | Text

Presentation “Energy Finance” by B. Megginson

Categories: Featured Items, News, Presentations 2021 ♦

Bill Megginson (Price Chair in Finance, George Lynn Cross Research Professor, University of Oklahoma) visited EPRG and the Economics & Policy Group at the Judge Business School on 16 September 2021 and gave a talk on "Energy Finance" You can watch a video of the talk here The slides are available from here Abstract Defined as a single industrial sector, the global production, distribution and consumption of energy is the…

Presentation “Understanding Overlapping Climate Policies: Internal Carbon Leakage and the Punctured Waterbed” by R. Ritz

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): R. Ritz

Robert Ritz presented on “Understanding Overlapping Climate Policies: Internal Carbon Leakage and the Punctured Waterbed” at the 2021 BIEE Research Conference: Energy for a Net Zero Society held at Worcester College, Oxford on 13-14 September 2021 | PDF

EPRG Working Paper 2122

Categories: Featured Items, News, Working Papers 2021 ♦

Yang Liu, Zhigao Jiang and Bowei Guo Assessing China's Provincial Electricity Spot Market Pilot Operations: Lessons from Guangdong Province Abstract | Non-Technical Summary | Text

EPRG Working Paper 2121

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): P. Simshauser

Paul Simshauser, Farhad Billimoria and Craig Rogers Optimising VRE plant capacity in Renewable Energy Zones Abstract | Non-Technical Summary | Text

EPRG Working Paper 2120

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): M. Pollitt

Michael Pollitt The further economic consequences of Brexit: energy Abstract | Non-Technical Summary | Text

P. Simshauser quoted in Nature Energy

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): P. Simshauser

Paul Simshauser was quoted in a News & Views article in Nature Energy that reported on his recent EPRG WP paper 2108 The article "Widening the safety net" was written by Sefa Awaworyi Churchill and Russell Smyth on 23 August 2021. You can read the article here

M. Pollitt and K. Anaya quoted in Energy Monitor

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): K. Anaya, M. Pollitt

Michael Pollitt and Karim Anaya were quoted in the article "Why state control of the UK power system can help drive the energy transition" by Michael Goodier published in Energy Monitor on 17 August 2021. The full text of the article can be viewed here

Article “The Energy Price Cap Must End” by S. Littlechild

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): S. Littlechild

Stephen Littlechild published an article "The Energy Price Cap Must End" in Daily Telegraph on 6 August 2021. You can read the printed version of the article here.

Article “German-American Support for Ukraine After Nord Stream 2 Won’t Be Enough” by P. Noel and C. K. Chyong

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): CK Chyong, P. Noel

Pierre Noel and Chi Kong Chyong published an article "German-American Support for Ukraine After Nord Stream 2 Won't Be Enough" in The National Interest magazine on 2 August 2021. You can read the article here "

Policy Brief “Reforming Renewable Electricity Support Schemes” by D. Newbery

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): D. Newbery

David Newbery published a Policy Brief "Reforming Renewable Electricity Support Schemes" on 2 August 2021. The full text of the brief can be viewed here

Report “Renewables Integration in India”, R. Debnath

Categories: Featured Items, News, Other Papers 2021 ♦

IEA published a report “Renewables Integration in India” in July 2021. Ramit Debnath, EPRG PhD student, was one of the main contributors to some parts of this report. You can download and read this report here

Presentation “Overlapping Climate Policies” by R. Ritz

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): R. Ritz

Robert Ritz presented on “Overlapping Climate Policies” at the NBER Summer Institute 2021 Energy & Environmental Economics Workshop, 26-27 July 2021 | PDF

Report “Empowering Cities for a Net Zero Future”, R. Debnath

Categories: Featured Items, News, Other Papers 2021 ♦

IEA published a report "Empowering Cities for a Net Zero Future" in July 2021. Ramit Debnath, EPRG PhD student, was one of the main contributors to some parts of this report. You can download and read this report here.

Podcast on EU Emission Trading System with M. Pollitt

Categories: Featured Items, News, Op-ed ♦ Author(s): M. Pollitt

Michael Pollitt recorded a podcast on EU Emission Trading System organized by Centre on Regulation in Europe (CERRE) and hosted by CERRE’s Head of Energy & Sustainability, Albéric Mongrenier. You can listen to the podcast here

EPRG Working Paper 2119

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): M. Pollitt

Michael G. Pollitt and Geoffroy G. Dolphin Should the EU ETS be extended to road transport and heating fuels? Abstract | Non-Technical Summary | Text

Presentation “Overlapping Climate Policies” by R. Ritz

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): R. Ritz

Robert Ritz presented on “Overlapping Climate Policies” at the Mannheim Conference on Energy and the Environment on 20-21 May 2021 and at the Annual Conference of the European Association of Environmental and Resource Economists (EAERE) on 23-25 June 2021 | PDF

EPRG Working Paper 2118

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): S. Littlechild

Stephen Littlechild and Lynne Kiesling Hayek and the Texas blackout Abstract | Non-Technical Summary | Text

Michael Grubb and Karsten Neuhoff – recipients of Marcel Boiteux International Award

Categories: Featured Items, News ♦ Author(s): K.neuhoff, M.grubb

EPRG is delighted to announce that Michael Grubb and Karsten Neuhoff (EPRG Associate Researchers) won 2021 IAEE Marcel Boiteux Best International Energy Economics Book Award for their book Planetary Economics. Energy, Climate Change and the Three Domains of Sustainable Development (with Jean-Charles Hourcade). Congratulations to Michael and Karsten!

Presentation “Some issues in the UK retail energy market” by S. Littlechild

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): S. Littlechild

Stephen Littlechild gave a presentation "Some issues in the UK retail energy market" on 2 June 2021. Stephen discussed the impacts of the tariff cap, including some developments in supplier pricing policies. He put some arguments for removing the cap, facilitated by a transition away from it, and discussed developments in the Overall Customer Satisfaction score | PDF

Panel Discussion “A Global Economic System in Turmoil: What is at Stake for the MENA region?” with K. Mohaddes

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes participated in a panel discussion "A Global Economic System in Turmoil: What is at Stake for the MENA region?", on 17 May 2021 that was part of the plenary session of the ERF 27th Annual Conference. Together with Mahmoud Mohieldin (Executive Director, International Monetary Fund), Hala Elsaid (Minister of Planning and Economic Development, Egypt), Mounir Tabet (Deputy Executive Secretary, United Nations ESCWA) and Ibrahim Elbadawi (former Minister of…

EPRG Working Paper 2117

Categories: Featured Items, News, Working Papers 2021 ♦

Natalia Fabra and Imelda Market Power and Price Exposure: Learning from Changes in Renewables Regulation Abstract | Non-Technical Summary | Text

Podcast on Hydrogen Economy with W. Nuttall

Categories: Featured Items, News, Op-ed ♦ Author(s): W. Nuttall

William Nuttall, EPRG Associate Researcher, recorded a podcast on the Hydrogen Economy as part of Startupification.fm series "How technology is changing the world around us" organised by Steven Drost and Matt Farrugia. You can listen to this episode here

EPRG Working Paper 2116

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): R. Ritz

Robert A. Ritz Global carbon price asymmetry Abstract | Non-Technical Summary | Text

EPRG Working Paper 2115

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): CK Chyong, D. Reiner

Chi Kong Chyong, David M Reiner and Dhruvak Aggarwal Market power and long-term gas contracts: the case of Gazprom in Central and Eastern European Gas Markets Abstract | Non-Technical Summary | Text Also Published in The Energy Journal, Volume 44, Number 1, 2022

EPRG Working Paper 2114

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): D. Reiner

Jieyi Kang and David M Reiner Identifying residential consumption patterns using data-mining techniques: A large-scale study of smart meter data in Chengdu, China Abstract | Non-Technical Summary | Text

EPRG Working Paper 2113

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): D. Reiner

Jieyi Kang and David M Reiner Machine Learning on residential electricity consumption: Which households are more responsive to weather? Abstract | Non-Technical Summary | Text

EPRG Working Paper 2112

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): D. Reiner

Jieyi Kang and David M Reiner What is the effect of weather on household electricity consumption? Empirical evidence from Ireland Abstract | Non-Technical Summary | Text

CERRE Public Event “How fit is DSO regulation for a decarbonised Europe? Empirical assessment and regulatory pathways” with M. Pollitt and K. Anaya

Categories: Featured Items, News ♦

Michael Pollitt and Karim Anaya took part in CERRE public event "How fit is DSO regulation for a decarbonised Europe? Empirical assessment and regulatory pathways" on 30 April 2021. The webinar covered CERRE's latest Energy & Climate report, “Optimal regulation for European DSOs to 2025 and beyond”. You can view the webinar here

Article “How to Break the Logjam Over Nord Stream 2” by P. Noel and C.K. Chyong

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): CK Chyong, P. Noel

Pierre Noel and Chi Kong Chyong published an article "How to Break the Logjam Over Nord Stream 2" in Foreign Policy, on 29 April 2021 You can read the article here

EPRG Working Paper 2111

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): M. Pollitt

Michael G Pollitt Measuring the Impact of Electricity Market Reform in a Chinese Context Abstract | Non-Technical Summary | Text

EPRG Working Paper 2110

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): K. Mohaddes

Patrycja Klusak, Matthew Agarwala, Matt Burke, Moritz Kraemer, and Kamiar Mohaddes Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness Abstract | Non-Technical Summary | Text

Blog “How do Businesses Deal with Uncertainty Effectively?” by K. Mohaddes

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes wrote a new blog "How do Businesses Deal with Uncertainty Effectively?" on 13 April 2021. In this blog he discusses different types of uncertainty businesses face and how climate change will be the next global extreme uncertainty entrepreneurs and businesses around the world will have to face. The blog can be found here

EPRG Working Paper 2109

Categories: Featured Items, News, Working Papers 2021 ♦

Pär Holmberg and Thomas Tangerås Strategic Reserves versus Market-wide Capacity Mechanisms Abstract | Non-Technical Summary | Text

Panel discussion “Why has it taken so long to take climate change seriously?” with K. Mohaddes

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes took part in the panel discussion "Why has it taken so long to take climate change seriously?" with Rob Doubleday (CSaP), Steve Evans (Institute for Manufacturing), Fred Pearce (freelance author), and Zoë Svendsen (Faculty of English). It was held on 28 March 2021 and was part of Cambridge Festival. You can view the video here

Presentation ““Re-coupling” the GB market: the cost of Brexit” by D. Newbery

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): D. Newbery

David Newbery took part in Florence School of Regulation Regulatory Policy Workshop on 26 March 2021 where he made a presentation "“Re-coupling” the GB market: the cost of Brexit" | PDF

EPRG Working Paper 2108

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): P. Simshauser

Paul Simshauser Vulnerable households and fuel poverty: policy targeting efficiency in Australia’s National Electricity Market Abstract | Non-Technical Summary | Text

Op-ed “Sealing the carbon cap: why EU climate policy needs an extended ETS” by M. Pollitt and G. Dolphin

Categories: Featured Items, News, Op-ed, Other Papers 2021 ♦ Author(s): M. Pollitt

Michael Pollitt and Geoffroy Dolphin published an article "Sealing the carbon cap: why EU climate policy needs an extended ETS" on CERRE website on 24 March 2021. You can read the article here

Presentation “Club Goods and a ‘Tragedy of the Commons'” by D. Newbery

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): D. Newbery

David Newbery gave a presentation "Club Goods and a ‘Tragedy of the Commons'" at IAEE webinar on 24 March 2021 | PDF The podcast is available here

Blog “Rising temperatures, melting ratings” by K. Mohaddes

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes wrote a blog "Rising temperatures, melting ratings" on VoxEU on 25 March 2021 which covers the effect of climate change on sovereign creditworthiness. The blog has a reference to EPRG Working Paper 1925 You can read the blog here

EPRG Working Paper 2107

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): D. Newbery

David Newbery Designing an incentive-compatible efficient Renewable Electricity Support Scheme Abstract | Non-Technical Summary | Text This WP was first published in March 2021 as "Designing efficient Renewable Electricity Support Schemes". It was revised in July 2021, also revised in March 2022.

EPRG Working Paper 2106

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): D. Reiner

Zeynep Clulow, Michele Ferguson, Peta Ashworth and David M Reiner Political ideology and public views of the energy transition in Australia and the UK Abstract | Non-Technical Summary | Text

CERRE Public Event “Reaching net zero: scenarios and regulation to rethink sector coupling” with M. Pollitt and C.K. Chyong

Categories: Featured Items, News ♦

On Tuesday 16 March, 2021 the Centre on Regulation in Europe (CERRE) hosted a public event to launch and debate its latest Energy & Climate report “Electricity and gas coupling in a decarbonised economy” that was co-authored by some EPRG members. Michael Pollitt and Chi Kong Chyong were among the speakers at the event. The event with panel discussions can be viewed here The full report can be found here…

EPRG Working Paper 2105

Categories: Featured Items, News, Working Papers 2021 ♦

Richard Green and Iain Staffell The contribution of taxes, subsidies and regulations to British electricity decarbonisation Abstract | Non-Technical Summary | Text

EPRG Working Paper 2104

Categories: Featured Items, News, Working Papers 2021 ♦

Tiago Cavalcanti, Zeina Hasna and Cezar Santos Climate Change Mitigation Policies: Aggregate and Distributional Effects Abstract | Non-Technical Summary | Text

Online event “Welcoming new entrants in electricity markets” with M. Pollitt

Categories: Featured Items, News, Presentations 2021 ♦ Author(s): M. Pollitt

Michael Pollitt participated in the online event "Welcoming new entrants in electricity markets" organised by Florence School of Regulation as part of their Insights Series on 24 February 2021. The highlights of the event can be viewed here

EPRG Working Paper 2103

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): P. Simshauser

Paul Simshauser Renewable Energy Zones in Australia’s National Electricity Market Abstract | Non-Technical Summary | Text

EPRG Working Paper 2102

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): D. Newbery

Bowei Guo and David Newbery The cost of uncoupling GB interconnectors Abstract | Non-Technical Summary | Text First published in March 2021, updated in September 2021 Also published in Energy Policy, Volume 158, article #112569, November 2021

S. Littlechild latest submission to Ofgem

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): S. Littlechild

Stephen Littlechild's latest submission to Ofgem "Time to stop digging" is the response to Ofgem's consultation on its Forward Work Plan | PDF

Article “Developments in the Overall Customer Satisfaction League” by S. Littlechild

Categories: Featured Items, News, Other Papers 2021 ♦ Author(s): S. Littlechild

Stephen Littlechild published an article “Developments in the Overall Customer Satisfaction League” in Cornwall Insight Energy Spectrum, Issue 745, on 18 January 2021. You can read the article here Updated calculations from 25 February 2021 can be viewed here , from April 2021 here, from May 2021 here, from June 2021 here, from September 2021 here, from October 2021 here , from November 2021 here New calculations from February 2022 can…

Article “What are they really like?” by S. Littlechild

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild published an article "What are they really like?". It first appeared in Utility Week on 18 December 2020. You can read the article here

EPRG Working Paper 2101

Categories: Featured Items, News, Working Papers 2021 ♦ Author(s): T. Jamasb

Ashish Kumar Sedai, Tooraj Jamasb, Rabindra Nepal, Ray Miller Electrification and Welfare for the Marginalized: Evidence from India Abstract | Non-Technical Summary | Text

Call for Papers: Special Issue “Innovation, Policy, and Regulation in Electricity Markets”

Categories: Featured Items, News ♦

Call for Papers for Special Issue "Innovation, Policy, and Regulation in Electricity Markets". This special issue will explore lessons from electricity innovation experiments across the world and what implications they have for policy and regulation. Authors are invited to use their papers to describe the nature of the experiments they discuss, the results of the experiments and what implications they have in the need to change existing policies and regulatory…

Report “Regulation and policies for local flexibility markets: Current and future developments in seven leading countries” by K. Anaya and M. Pollitt

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): K. Anaya, M. Pollitt

Karim Anaya and Michael Pollitt wrote a report "Regulation and policies for local flexibility markets: Current and future developments in seven leading countries” for Scottish & Southern Electricity Networks (SSEN), as a result of their participation in Project MERLIN. The report was published on Project MERLIN website in November 2020. This report investigates stakeholder opinion on Regulation and Policies for local flexibility markets, with a specific evaluation on how this…

Report “A Review of International Experience in the use of smart electricity platforms for the procurement of flexibility services (Part 2 – Main Findings)” by K. Anaya and M. Pollitt

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): K. Anaya, M. Pollitt

Karim Anaya and Michael Pollitt wrote a report "A Review of International Experience in the use of smart electricity platforms for the procurement of flexibility services (Part 2 – Main Findings)” for Scottish & Southern Electricity Networks (SSEN), as a result of their participation in Project MERLIN. The report was published on Project MERLIN website in November 2020. The report analyses and evaluates the deployment of smart platforms that facilitate…

Article “What are customers saying?” by S. Littlechild

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild published an article "What are customers saying?". It first appeared in Utility Week on 7 December 2020. The article is based on Stephen's recent EPRG WP2025 You can read the article here

Report “A review of international experience in the use of smart electricity platforms for the procurement of flexibility services (Part 1)” by K. Anaya and M. Pollitt

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): K. Anaya, M. Pollitt

Karim Anaya and Michael Pollitt wrote a report "A review of international experience in the use of smart electricity platforms for the procurement of flexibility services (Part 1)" for Scottish & Southern Electricity Networks (SSEN), as a result of their participation in Project MERLIN. The report was published on Project MERLIN website in May 2020. The report analyses and evaluates the deployment of smart platforms that facilitate the trading of…

Report “Feasibility and impacts of EU ETS scope extension: Road transport and buildings” by M. Pollitt and G. Dolphin

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): M. Pollitt

Michael Pollitt and Geoffroy Dolphin wrote a new report "Feasibility and impacts of EU ETS scope extension: Road transport and buildings" for CERRE (Centre for Regulation in Europe) that was published in December 2020. You can read the report here

EPRG Working Paper 2038

Categories: Featured Items, News, Working Papers 2020 ♦

David Andrés-Cerezo and Natalia Fabra Storing Power: Market Structure Matters Abstract | Non-Technical Summary | Text

Article “The CMA and Ofwat: Another nail in the coffin?” by S. Littlechild

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild published an article "The CMA and Ofwat: Another nail in the coffin?". It first appeared in Utility Week on 26 November 2020. You can read the article here

2020 EPRG Online Winter Seminar

Categories: Featured Items, News, Winter Seminars ♦

EPRG is pleased to announce our successful 2020 Online Winter Seminar in partnership with FTI Consulting and Compass Lexecon. The event took place on 3 and 4 December 2020 and consisted of 4 sessions. PROGRAMME 3 December 2020 SESSION 1 - Panel discussion: “Green Growth: Harnessing Economic Opportunities while Meeting Climate Policy Targets” Chair: David Reiner (EPRG) Daniel Wetzel (IEA) Joe Perkins (FTI/CL) Kamiar Mohaddes (EPRG/CJBS) Alice Barrs (RWE) SESSION 2…

Book Chapter “The Evolution of Competitive Retail Electricity Markets” by S. Littlechild

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild's latest work "The Evolution of Competitive Retail Electricity Markets" is a preliminary version of what will appear as Chapter 4 in the forthcoming Handbook on the Economics of Electricity Markets, to be published by Edward Elgar Publishing | PDF

EPRG Working Paper 2037

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Reiner

Mathilde Fajardy and David Reiner An overview of the electrification of residential and commercial heating and cooling and prospects for decarbonisation Abstract | Non-Technical Summary | Text

EPRG Working Paper 2036

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Newbery

David Newbery Club goods and a tragedy of the commons: the Clean Energy Package and wind curtailment Abstract | Non-Technical Summary | Text Previously published as “The distortionary cost of marginal wind curtailment” on 1 December 2020, this paper was revised and renamed in January 2021 An updated version of WP2036 published in April 2022 under the new title - 'High renewable penetration: a new “tragedy of the commons”' Abstract |…

Article “Sustainable investment: Look more closely at corporate divestitures of carbon-heavy assets” by R. Ritz

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): R. Ritz

Robert Ritz published a piece "Sustainable investment: Look more closely at corporate divestitures of carbon-heavy assets" with Cambridge Zero on 2 December 2020 You can read the article here

EPRG Working Paper 2035

Categories: Featured Items, News, Working Papers 2020 ♦

Ryan Rafaty, Geoffroy Dolphin and Felix Pretis Carbon pricing and the elasticity of CO2 emissions Abstract | Non-Technical Summary | Text

EPRG Working Paper 2034

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): R. Ritz

Grischa Perino, Robert A. Ritz and Arthur A. van Benthem Overlapping Climate Policies Abstract | Non-Technical Summary | Text

EPRG Working Paper 2033

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Reiner

Victor Ajayi and David Reiner Are Consumers Willing to Pay for Industrial Decarbonisation? Evidence from a Discrete Choice Experiment on Green Plastics Abstract | Non-Technical Summary | Text

EPRG Working Paper 2032

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): B.hobbs

Qingyu Xu and Benjamin F. Hobbs Economic Efficiency of Alternative Border Carbon Adjustment Schemes: A Case Study of California Carbon Pricing and the Western North American Power Market Abstract | Non-Technical Summary | Text

Presentation “Generalized linear competition: From pass-through to policy” by R. Ritz

Categories: Featured Items, News, Presentations 2020 ♦ Author(s): R. Ritz

Robert Ritz gave a research seminar on "Generalized linear competition: From pass-through to policy" to the Helsinki Graduate School of Economics on 11 November 2020 | PDF

EPRG Working Paper 2031

Categories: Featured Items, News, Working Papers 2020 ♦

Ramit Debnath, Vibhor Mittal, Abhinav Jindal A review of challenges from increasing renewable generation in the Indian Power System Abstract | Non-Technical Summary | Text

EPRG Working Paper 2030

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): K. Mohaddes

Ramit Debnath, Ronita Bardhan, Sarah Darby, Kamiar Mohaddes, Minna Sunikka-Blank, Ana Cristina Villaça Coelho, Abdulrasheed Isa A deep-narrative analysis of energy cultures in slum rehabilitation housing of Abuja, Mumbai and Rio de Janeiro for just policy design Abstract | Non-Technical Summary | Text

Report “A Blueprint for a Green Future” by Cambridge Zero

Categories: Featured Items, News, Other Papers 2020 ♦

Cambridge Zero Policy Forum, a collaboration of Cambridge Zero and the Centre for Science and Policy, released an ambitious new report: A Blueprint for a Green Future. This report brings together ideas from senior academics across the University of Cambridge to present a multidisciplinary perspective and series of recommendations for policymakers and industry. To read the report, please click here

EPRG Working Paper 2029

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): R. Ritz

Robert A. Ritz Climate targets, executive compensation, and corporate strategy Abstract | Non-Technical Summary | Text

Presentation “Promoting green growth: a guaranteed route to recovery or a route to value destruction?” by M. Pollitt

Categories: Featured Items, News, Presentations 2020 ♦ Author(s): M. Pollitt

Michael Pollitt gave a talk "Promoting green growth: a guaranteed route to recovery or a route to value destruction?" at 30th University of Cambridge Alumni Festival on 21 September 2020. In his talk, Michael explores green investment and how they promote economic productivity and growth. You can listen to this presentation here

Podcast “Economics and Energy Transitions” with M. Pollitt

Categories: Featured Items, News, Op-ed ♦ Author(s): M. Pollitt

Michael Pollitt recorded a podcast "Economics and Energy Transitions" organized by Centre for Science and Policy, University of Cambridge and hosted by Dr Robert Doubleday. To listen to the podcast please click here

Podcast “The Economics of a Green Recovery” with K. Mohaddes

Categories: Featured Items, News, Op-ed ♦

Kamiar Mohaddes recorded a podcast "The Economics of a Green Recovery" organized by Centre for Science and Policy, University of Cambridge. In the podcast, hosted by Dr Robert Doubleday, Dr Mohaddes together with Dr Nina Seega discussed the macroeconomic effects of the Covid-19 shock, the long-term costs of climate change and the potential for a green recovery in dealing with both the Covid-19 and the climate shocks. Kamiar's comments are…

Report “Nuclear Cogeneration: civil nuclear in a low-carbon future”, S. Taylor

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): S.taylor

The Royal Society published a new policy briefing "Nuclear Cogeneration: civil nuclear in a low-carbon future". Simon Taylor, EPRG Associate Researcher, was on the Steering Group for this report. To view the report, please click here

EPRG Working Paper 2028

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): M. Pollitt

Jun Xu, Michael G. Pollitt, Bai-Chen Xie, Chung-Han Yang China’s Energy Law Draft and the Reform of its Electricity Supply Sector Abstract | Non-Technical Summary | Text The Chinese version of this paper can be found below Abstract | Non-Technical Summary | Text

EPRG Working Paper 2027

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild An Overall Customer Satisfaction score for GB energy suppliers Abstract | Non-Technical Summary | Text A revised paper dated 12 March 2021 based on this Working Paper can be viewed here

EPRG Working Paper 2026

Categories: Featured Items, News, Uncategorised, Working Papers 2020 ♦ Author(s): R. Ritz

Michael Mehling and Robert Ritz Going beyond default intensities in an EU carbon border adjustment mechanism Abstract | Non-Technical Summary | Text Executive Summary

EPRG Working Paper 2025

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild Online reviews and customer satisfaction: The use of Trustpilot by UK retail energy suppliers and three other sectors Abstract | Non-Technical Summary | Text In March 2021 this Working Paper was subsequently split into two papers and the revised versions can be viewed below: Paper 1 Paper 2

S. Littlechild latest contribution to Electricity Brain Trust Forum

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild submitted his comments "Who is going to do all this?" to Electricity Brain Trust Forum on 15 September 2020 | Text

EPRG Working Paper 2024

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Newbery

David Newbery Transport policy for a post-Covid UK Abstract | Non-Technical Summary | Text

K. Mohaddes mentioned in Scientific American

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes' paper on the microeconomics effects of climate change (published as EPRG WP 1925) was mentioned in the article "Our Planet, Our Choice" by Andrea Gawrylewski in Scientific American, August 2020 Special Edition. To read the article, please click here

Article “Ofgem’s customer complaints – Is anyone listening?” by S. Littlechild

Categories: Featured Items, News, Op-ed, Other Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild published an article "Ofgem’s customer complaints – Is anyone listening?" in Utility Week on 31 July 2020. In this article Stephen Littlechild asks whether it is worthwhile requiring energy retailers to publish quarterly complaints statistics when there are questions over both its consistency and actual value. To read the article on Utilty Week website (subscription required), please click here The text can be found here

Journal Article: Energy Economics, vol 91, September 2020

Categories: Featured Items, Journal Articles 2020, News ♦ Author(s): P. Simshauser

Paul Simshauser Merchant renewables and the valuation of peaking plant in energy-only markets Energy Economics, volume 91, article #104888, September 2020 Also published as EPRG WP#2002

Article “Transport policy for a post-Covid19 UK” by D. Newbery

Categories: Featured Items, News, Op-ed, Other Papers 2020 ♦ Author(s): D. Newbery

David Newbery wrote an article "Transport policy for a post-Covid19 UK" for Bennett Institute for Public Policy, University of Cambridge, that was published as a blogpost in August 2020 The full text can be viewed here

EPRG Working Paper 2023

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): R. Ritz

Christos Genakos, Felix Grey and Robert Ritz Generalized linear competition: From pass-through to policy Abstract | Non-Technical Summary | Text

Journal Article: Energy Research & Social Science, Vol 69, November 2020

Categories: Featured Items, Journal Articles 2020, News ♦ Author(s): K. Mohaddes

Ramit Debnath, Sarah Darby, Ronita Bardhan, Kamiar Mohaddes, Minna Sunikka-Blank Grounded reality meets machine learning: A deep-narrative analysis framework for energy policy research Energy Research & Social Science, November 2020, volume 69 Also published as EPRG WP#2019

EPRG Working Paper 2022

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): CK Chyong, D. Reiner

Chi Kong Chyong, Carmen Li, David Reiner, and Fabien Roques A Portfolio approach to wind and solar deployment in Australia Abstract | Non-Technical Summary | Text

EPRG Working Paper 2021

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): K. Anaya, M. Pollitt

Victor Ajayi, Geoffroy Dolphin, Karim Anaya, Michael Pollitt The Productivity Puzzle in Network Industries: Evidence from the Energy Sector Abstract | Non-Technical Summary | Text

EPRG Working Paper 2020

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Newbery

David Newbery Implications of the National Energy and Climate Plans for the Single Electricity Market of the island of Ireland Abstract | Non-Technical Summary | Text Supplement materials Data and model information | Data spreadsheets Also published in Energy Policy, volume 158, November 2021

EPRG Working Paper 2019

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): K. Mohaddes

Ramit Debnath, Sarah Darby, Ronita Bardhan, Kamiar Mohaddes, Minna Sunikka-Blank Grounded reality meets machine learning: A deep-narrative analysis framework for energy policy research Abstract | Non-Technical Summary | Text Also published in Energy Research and Social Science, Vol. 69, November 2020 | Text

Interview with S. Taylor for The Spectator on Nuclear Energy

Categories: Featured Items, News, Op-ed ♦ Author(s): S.taylor

Simon Taylor, EPRG Associate Researcher, was interviewed for The Spectator podcast "Is nuclear power the answer to climate change?" on 26 June 2020. You can listen to the podcast here

EPRG Working Paper 2018

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Reiner

Wei Zhou, Alice Moncaster, David M Reiner and Peter Guthrie Developing a generic System Dynamics model for building stock transformation towards energy efficiency and low-carbon development Abstract | Non-Technical Summary | Text

Presentation “EU carbon border adjustment: Policy design and industrial competitiveness” by R. Ritz

Categories: Featured Items, News, Presentations 2020 ♦ Author(s): R. Ritz

Robert Ritz gave a keynote talk on "EU carbon border adjustment: Policy design and industrial competitiveness” at an expert roundtable on the EU Carbon Border Adjustment Mechanism hosted by Hill+Knowlton Strategies in Brussels on 24 June 2020 | PDF

EPRG Working Paper 2017

Categories: Featured Items, News, Working Papers 2020 ♦

Olivia Muza, Ramit Debnath Socially inclusive renewable energy transition in sub-Saharan Africa: A social shaping of technology analysis of appliance uptake in Rwanda Abstract | Non-Technical Summary | Text

Paul Simshauser AM – New Chief Executive of Powerlink Queensland

Categories: Featured Items, News ♦ Author(s): P. Simshauser

EPRG is delighted to announce that Paul Simshauser AM, EPRG Associate Researcher, was appointed as the new Chief Executive of Powerlink Queensland, the Government Owned Corporation that owns and operates Queensland’s transmission network. Congratulations to Paul!

EPRG Working Paper 2016

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Reiner

Wei Zhou, Eoghan O’Neill, Alice Moncaster, David M Reiner and Peter Guthrie Forecasting Urban Residential Stock Turnover Dynamics using System Dynamics and Bayesian Model Averaging Abstract | Non-Technical Summary | Text

S. Littlechild latest submission to CMA

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild's latest submission to Competition and Markets Authority (CMA) is on Ofwat price determinations. The argument in this paper applies also to Ofgem's process for setting network price controls | Text

Journal Article: “Equity in allocating carbon dioxide removal quotas” by D. Reiner et al

Categories: Featured Items, Journal Articles 2020, News ♦ Author(s): D. Reiner

David Reiner together with Carlos Pozo, Ángel Galán-Martin, Niall Mac Dowell and Gonzalo Guillén-Gosálbez published an article "Equity in allocating carbon dioxide removal quotas" in Nature Climate Change on 8 June 2020. This paper is on how to fairly allocate responsibility to carry out carbon dioxide removal (CDR) activities across countries. CDR will be critical to meeting net zero commitments. You can get access to the paper here You can…

EPRG Working Paper 2015

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): S. Littlechild

Stephen Littlechild The CMA’s assessment of customer detriment in the UK retail energy market Abstract | Non-Technical Summary | Text

EPRG Working Paper 2014

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): P. Simshauser

Paul Simshauser and Joel Gilmore Is the NEM broken? Policy discontinuity and the 2017-2020 investment megacycle Abstract | Non-Technical Summary | Text Also published in Energy Policy, volume 160, January 2022

EPRG Working Paper 2013

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Newbery

David Newbery The cost of finance and the cost of carbon: a case study of Britain’s only PWR Abstract | Non-Technical Summary | Text Appendix Updated in April 2021. Previously published in May 2020 as "The cost of CO2 abatement from Britain’s only PWR: Sizewell B"

EPRG Working Paper 2012

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): T. Jamasb

Ashish Kumar Sedai, Rabindra Nepal, Tooraj Jamasb Electrification and Socio-Economic Empowerment of Women in India Abstract | Non-Technical Summary | Text

EPRG Working Paper 2011

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): T. Jamasb

Parantap Basu and Tooraj Jamasb On Green Growth with Sustainable Capital Abstract | Non-Technical Summary | Text

Presentation “The Volatility Curse: A Long-Term Perspective” by K. Mohaddes

Categories: Featured Items, News, Presentations 2020 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes took part in the panel on the Economics of the Dual Shock in MENA (COVID-19 and the collapse in oil prices) on 12 May 2020 where he presented "The Volatility Curse: A Long-Term Perspective". The disccussion was part of the ERF-World Bank Webinar series. The complete webinar can be found here with Kamiar's presentation from 41 min onwards.

EPRG Working Paper 2010

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): M. Pollitt

Bai-Chen Xie, Jun Xu, Michael G. Pollitt What effect has the 2015 power market reform had on power prices in China? Evidence from Guangdong and Zhejiang Abstract | Non-Technical Summary | Text The Chinese version of this paper can be found below Abstract | Non-Technical Summary | Text First published in May 2020, updated in July 2020

EPRG Working Paper 2009

Categories: Featured Items, News, Working Papers 2020 ♦

Li-Qiu Liu, Zhong-Ling Yin, Bai-Chen Xie, Wei Zhou Willingness to Pay for Better Air Quality: The case of China Abstract | Non-Technical Summary | Text

EPRG Working Paper 2008

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): P. Simshauser

Paul Simshauser Merchant utilities and boundaries of the firm: vertical integration in energy-only markets Abstract | Non-Technical Summary | Text First published in May 2020, this paper was revised in September 2021 Also published in Energy Economics, volume 104, December 2021

2020 EPRG Online Spring Seminar

Categories: Featured Items, News, Spring Seminars ♦

EPRG is pleased to announce our first 2020 Online Spring Seminar. It took place on 6 and 7 May 2020 and consisted of 2 sessions. 6 May 2020 SESSION 1 - The future of European and Global Energy Policy Chair: Kong Chyong (EPRG) Michael Pollitt (EPRG) “Future Challenges to Power Markets: The Global Context” Robert Ritz (EPRG) “Border Carbon Adjustments and Industrial Competitiveness in a European Green Deal” David Newbery…

Comment “Will COVID-19 and Cheap Oil Green Our Energy Future?” by W. J. Nuttall and A. T. Bakenne

Categories: Featured Items, News, Op-ed, Other Papers 2020 ♦ Author(s): W. Nuttall

William J. Nuttall, EPRG Associate Researcher, and Adetokunboh T. Bakenne wrote a paper "Will COVID-19 and Cheap Oil Green Our Energy Future?"© "The end of oil was always going to be a story of abundant supply and low prices. Will the shock of COVID-19 and negative prices accelerate the change to a greener future?" The full paper can be viewed here © Nuttall & Bakenne 2020 - please contact William Nuttall…

EPRG Working Paper 2007

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): R. Ritz

Stuart Evans, Michael Mehling, Robert Ritz, Paul Sammon Border Carbon Adjustments and Industrial Competitiveness in a European Green Deal Abstract | Non-Technical Summary | Text

Comment “Net zero and future energy scenarios: A response to the National Infrastructure Commission’s report on future power systems” by D. Newbery

Categories: Featured Items, News, Op-ed, Other Papers 2020 ♦ Author(s): D. Newbery

David Newbery's latest paper "Net zero and future energy scenarios": A response to the National Infrastructure Commission’s report on future power systems" | PDF

Comment “Capacity Remuneration Mechanisms or Energy-Only Markets? The case of Belgium’s market reform plan” by D. Newbery

Categories: Featured Items, News, Op-ed, Other Papers 2020 ♦ Author(s): D. Newbery

David Newbery's paper "Capacity Remuneration Mechanisms or Energy-Only Markets? The case of Belgium’s market reform plan" written in response to a request by the Belgian regulator CREG to comment on their note on the need for a capacity mechanism. The full text can be found here

EPRG Working Paper 2006

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): J.bialek

Janusz Bialek What does the power outage on 9 August 2019 tell us about GB power system Abstract | Non-Technical Summary | Text This WP was first published in March 2020, updated in April 2020 and last amended in August 2020

K. Mohaddes quoted in Newsweek

Categories: Featured Items, News, Other Papers 2020 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes was interviewed by Newsweek for the article "Iran Faces Fourth Crisis in Oil Crash Amid U.S. Sanctions, Coronavirus and Protests" by Tom O'Connor on 9 March 2020. The full article can be viewed here

EPRG Working Paper 2005

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): D. Newbery

Bowei Guo and David Newbery The cost of carbon leakage: Britain’s Carbon Price Support and cross-border electricity trade Abstract | Non-Technical Summary | Text This Working Paper has replaced EPRG WP#1918 published in June 2019. It was previously published as The Cost of Trade Distortion: Britain’s Carbon Price Support and Cross-border Electricity Trade Also Published in The Energy Journal, Volume 44, Number 1, 2022

EPRG Working Paper 2004

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): M. Pollitt

Geoffroy Dolphin and Michael Pollitt Identifying innovative actors in the Electricity Supply Industry using machine learning: an application to UK patent data Abstract | Non-Technical Summary | Text

EPRG Working Paper 2003

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): T. Jamasb

Hung Do, Rabindra Nepal, and Tooraj Jamasb Electricity Market Integration, Decarbonisation and Security of Supply: Dynamic Volatility Connectedness in the Irish and Great Britain Markets Abstract | Non-Technical Summary | Text

EPRG Working Paper 2002

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): P. Simshauser

Paul Simshauser Merchant renewables and the valuation of peaking plant in energy-only markets Abstract | Non-Technical Summary | Text Also published in Energy Economics, volume 91, September 2020 | Text

EPRG Working Paper 2001

Categories: Featured Items, News, Working Papers 2020 ♦ Author(s): W. Nuttall

Andy Wilson, William J. Nuttall, Bartek A. Glowacki Techno-economic study of output-flexible light water nuclear reactor systems with cryogenic energy storage Abstract | Non-Technical Summary | Text

2019 EPRG Winter Seminar

Categories: Featured Items, News, Winter Seminars ♦

EPRG is pleased to announce our successful 2019 Winter Seminar. On December 12, 2019 EPRG hosted delegates to dinner at Christ's College, and on December 13, 2019 for a full-day seminar at The Møller Center, Churchill College. PROGRAMME SESSION 1 – WHY DO WE HAVE BLACKOUTS? LESSONS FROM AUSTRALIA, GB AND CALIFORNIA Chair: David Newbery (EPRG) Paul Simshauser (Griffith Business School) Australia’s National Electricity Market Janusz Bialek (Newcastle University) GB…

EPRG Working Paper 1937

Categories: Featured Items, News, Working Papers 2019 ♦

Bowei Guo and Giorgio Castagneto Gissey Cost Pass-through in the British Wholesale Electricity Market Abstract | Non-Technical Summary | PDF Previously published as "Cost Pass-through in the British Wholesale Electricity Market: Implications of Brexit and the ETS reform"

Article “Labour plan to renationalise the UK energy networks is a bad idea – business economist” by M. Pollitt

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): M. Pollitt

Michael Pollitt published an article "Labour plan to renationalise the UK energy networks is a bad idea - business economist" in The Conversation on 26 November 2019. The fill text can be read here

EPRG Working Paper 1936

Categories: Featured Items, News, Working Papers 2019 ♦

Yang Han, Jacqueline CK Lam, Peiyang Guo, and Zhonghua Gou What Predicts Government Trustworthiness in Cross-border HK-Guangdong Nuclear Safety Emergency Governance? Abstract | Non-Technical Summary | Text

EPRG Working Paper 1935

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): R. Ritz

Karsten Neuhoff and Robert A. Ritz Carbon cost pass-through in industrial sectors Abstract | Non-Technical Summary | PDF

K. Mohaddes quoted in Scientific American

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes and his paper on the microeconomics effects of climate change (published as EPRG WP 1925) were mentioned in the article "Warming Will Cost Rich and Poor Countries Alike" by Andrea Thompson in Scientific American, November 2019 Issue. To read the article, please click here

Cambridge Zero Initiative

Categories: Featured Items, News ♦

EPRG is pleased to be part of the new climate change initiative - Cambridge Zero. This ambitious initiative will harness the full breadth of the University’s research capabilities – from the sciences, engineering, humanities and social sciences – and policy expertise, to respond to climate change and support the transition to a sustainable zero-carbon future, both in the UK and globally. This initiative is not just about developing greener energy,…

Presentation “Financing low carbon energy infrastructure” by D. Newbery

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): D. Newbery

David Newbery gave a presentation "Financing low carbon energy infrastructure" at the EdF/EPRI Electrification Summit 2019 in Paris on 19 October 2019 | PDF

EPRG Working Paper 1934

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): D. Reiner

Rosemary Ostfeld and David M Reiner Exploring public support for climate action and renewables in resource-rich economies: The case of Scotland Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1933

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): D. Reiner

Wei Zhou, Eoghan O’Neill, Alice Moncaster, David M Reiner and Peter Guthrie Applying Bayesian Model Averaging to Characterise Urban Residential Stock Turnover Dynamics Abstract | Non-Technical Summary | PDF

S. Littlechild latest submission to NIC

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): S. Littlechild

Stephen Littlechild submitted a response "Price discrimination, efficiency, fairness and loyalty premia in the retail energy sector: Brief thoughts in response to the NIC Regulation Study" to the National Infrastructure Commission Review of Regulation on 25 September 2019 | Text

CERRE White Paper “Ambition for Europe 2024”

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): M. Pollitt

Michael Pollitt co-authored CERRE (Centre for Regulation in Europe) White Paper "Ambitions for Europe 2024" together with other renowned academics from around Europe. It's a wide-ranging dossier on the regulation of Europe's energy, digital, media and mobility industries towards 2024. The authors have developed nearly 50 ambitions for the new European Parliament and Commission | Text

Presentation “Capacity mechanisms and the technology mix in competitive electricity markets” by R. Ritz

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation "Capacity mechanisms and the technology mix in competitive electricity markets" at Hamburg Research Workshop: The Economics of the Energy System Transition on 19-20 September 2019, Hamburg, Germany | PDF

Presentation “Life before Economic Regulation” by S. Littlechild

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): S. Littlechild

Stephen Littlechild gave a presentation "Life before Economic Regulation" at Economic Objectives of Regulation Conference honouring the research of Professor Catherine Waddams at University of East Anglia, Norwich, on 16 September 2019 | PDF

Presentation “Regulatory Cooperation: Two Countries, One Single Electricity Market” by D. Newbery

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): D. Newbery

David Newbery gave a presentation "Regulatory Cooperation: Two Countries, One Single Electricity Market" at Economic Objectives of Regulation Conference honouring Professor Catherine Waddams at University of East Anglia on 16 September 2019 | PDF You can read more on this event here

EPRG Working Paper 1932

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): D. Newbery

L.G. Montoya, B. Guo, D. Newbery, P.E. Dodds, G. Lipman, G. Castagneto Gissey Measuring inefficiency in international electricity trading Abstract | Non-Technical Summary | PDF First published in September 2019, updated in October 2019, revised in February 2020 Published as a journal article in Energy Policy, 2020

EPRG & CEEPR International Energy Policy Conference, London, UK, 2-3 September 2019

Categories: Annual International Conferences, Featured Items, News ♦

EPRG is pleased to announce our successful 2019 EPRG & CEEPR International Energy Policy Conference. This year the conference was held in strategic partnership with Crescent Petroleum and Lambert Energy Advisory Ltd. It took place at One Great George Street, in London, United Kingdom, on 2 – 3 September 2019 and comprised of 1,5 day of sessions and dinner. PROGRAMME MONDAY, 2 SEPTEMBER 2019 SESSION 1 - REDUCING THE WORLD’S GHG…

K. Mohaddes quoted in international news outlets

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes and his paper "Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis" was quoted in several international news outlets, including Bloomberg, Fox News, Washington Post, Market Watch, Hindustan Times, Reuters, Business Green, CNBC, The Straits Times, EcoWatch, IFLScience, Think Progress, New York Post, RTE and the Financial Times. The paper was also highlighted by the University of Cambridge Research News Dr. Mohaddes was also interviewed by the TV channel Cheddar, the video is available from here. His…

EPRG Working Paper 1931

Categories: Featured Items, News, Working Papers 2019 ♦

Iegor Riepin and Felix Musgens Seasonal Flexibility in the European Natural Gas Market Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1930

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): M. Pollitt

Francesco Rossetto, Luigi Grossi and Michael G. Pollitt Assessing Market Power in the Italian Electricity Market: A synthetic supply approach Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1929

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): R. Ritz

Robert A. Ritz Does competition increase pass-through? Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1928

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): K. Anaya, M. Pollitt

Michael G. Pollitt and Karim L. Anaya Competition in Markets for Ancillary Services? The implications of rising distributed generation Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1927

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): P. Simshauser

Paul Simshauser Lessons from Australia’s National Electricity Market 1998-2018: strengths and weaknesses of the reform experience Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1926

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): D. Newbery, D. Reiner, M. Pollitt

David Newbery, Michael Pollitt, David Reiner and Simon Taylor Financing low-carbon generation in the UK: The hybrid RAB model Abstract | Non-Technical Summary | PDF | Appendix B (xls)| Appendix D (xls)

Report “Replacing the tariff caps and protecting vulnerable customers by harnessing the competitive process” by S. Littlechild

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): S. Littlechild

In this recent report Stephen Littlechild suggests that a replacement for the tariff caps should be a competitive process to determine whether a price to particular vulnerable customers is excessive, and if so to facilitate a voluntary price adjustment or negotiated transfer of customers to another supplier | PDF

EPRG Working Paper 1925

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): K. Mohaddes

Matthew E. Kahn, Kamiar Mohaddes, Ryan N.C. Ng, M. Hashem Pesaran, Mehdi Raissi, and Jui-Chung Yang Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis Abstract | Non-Technical Summary | PDF The study was mentioned in Fox News on 16 November 2020 Also published in Energy Economics, volume 104, December 2021

EPRG Working Paper 1924

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): CK Chyong, D. Newbery

Chi Kong Chyong, David Newbery, and Thomas McCarty A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation and Application to Hydro Pumped Storage Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1923

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): D. Reiner

Wei Zhou, Alice Moncaster, David M Reiner and Peter Guthrie Estimating Lifetimes and Stock Turnover Dynamics of Urban Residential Buildings in China Abstract | Non-Technical Summary | PDF

S. Littlechild latest submission to Ofgem

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): S. Littlechild

Stephen Littlechild and other former GB energy regulators submitted a response to Ofgem's Discussion Paper on the proposed framework for assessing effective competition in the domestic retail gas and electricity market on 9 July 2019 | PDF

EPRG Working Paper 1922

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): T. Jamasb

David Woroniuk, Arzé Karam, Tooraj Jamasb European Gas Markets, Trading Hubs, and Price Formation: A Network Perspective Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1921

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): R. Ritz

Par Holmberg and Robert A. Ritz Capacity mechanisms and the technology mix in competitive electricity markets Abstract | Non-Technical Summary | PDF

S. Littlechild latest submission to CMA

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): S. Littlechild

Stephen Littlechild has responded to the CMA’s invitation to comment on its Provisional Decision in its Review of the Prepayment Charges Restriction Order 2016. His response “Why so hasty?” argues against the CMA’s recommendation that Ofgem should extend the duration of the price cap, and suggests instead that Ofgem should be encouraged to review the situation and take whatever action it considers appropriate | PDF

Presentation “Making the case for supporting renewable electricity” by D. Newbery

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): D. Newbery

David Newbery gave a presentation "Making the case for supporting renewable electricity" at the Energy Ireland 2019 Conference, Croke Park, Dublin on 20-21 June 2019 | PDF

Presentation “Global gas markets, carbon pricing and the future of natural gas” by R. Ritz

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation "Global gas markets, carbon pricing and the future of natural gas" as a keynote lecture at 2nd International Conference on the Economics of Natural Gas Markets, Université Paris-Dauphine, 21 June 2019 | PDF

EPRG Working Paper 1920

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): K. Anaya, M. Pollitt

Sinan Küfeoğlu, Gaomin Liu, Karim Anaya and Michael G. Pollitt Digitalisation and New Business Models in Energy Sector Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1919

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): CK Chyong, M. Pollitt

Chi Kong Chyong, Michael Pollitt, and Reuben Cruise Can wholesale electricity prices support “subsidy-free” generation investment in Europe? Abstract | Non-Technical Summary | Text Supplementary information

EPRG Working Paper 1918

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): D. Newbery

Bowei Guo, David Newbery, and Giorgio Castagneto Gissey The Impact of Unilateral Carbon Taxes on Cross-Border Electricity Trading First published on 6 June 2019, updated version published on 25 June 2019. It has been replaced by a new Working Paper EPRG#2005

Book “Institutions and Macroeconomic Policies in Resource-Rich Arab Economies” edited and contributed by K. Mohaddes, J. Nugent and H. Selim

Categories: Books, Featured Items, News ♦ Author(s): K. Mohaddes

The book "Institutions and Macroeconomic Policies in Resource-Rich Arab Economies", edited by Kamiar Mohaddes (EPRG Associate Researcher), Jeffrey B. Nugent (University of Southern California) and Hoda Selim (International Monetary Fund), has been published by Oxford University Press in May 2019. In addition to editing the book, Kamiar Mohaddes also co-authored the following chapters: Chapter 1. Objectives, Issues, and Findings, with Jeffrey B. Nugent and Hoda Selim Chapter 3. Oil, Volatility and…

Journal Article: The Electricity Journal, Vol 32 (6), 2019

Categories: Featured Items, Journal Articles 2019, News ♦

Sinan Kufeoglu, Donato Melchiorre and Kirsi Kotilainen Understanding tariff designs and consumer behaviour to employ electric vehicles for secondary purposes in the United Kingdom The Electricity Journal, July 2019, volume 32, issue 6, pages 1-6

EPRG Working Paper 1917

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): M. Llorca, T. Jamasb

Mahmud I. Imam, Tooraj Jamasb, Manuel Llorca Political Economy of Reform and Regulation in the Electricity Sector of Sub-Saharan Africa Abstract | Non-Technical Summary | PDF

Presentation “Oil Revenue Volatility, Sanctions and Mismanagement: Lessons from Iran” by K. Mohaddes

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes gave a presentation " Oil Revenue Volatility, Sanctions and Mismanagement: Lessons from Iran" at the International Iranian Economic Association’s (IIEA) Sixth International Conference on the Iranian Economy in Naples, Italy, hosted by the University of Naples “L’Orientale” on 16-17 May, 2019 | PDF

EPRG Working Paper 1916

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): R.GREEN

Joachim Geske, Richard Green and Iain Staffell Elecxit: The Cost of Bilaterally Uncoupling British-EU Electricity Trade Abstract | Non-Technical Summary | PDF

2019 EPRG Spring Seminar

Categories: Featured Items, News, Spring Seminars, Uncategorised ♦

EPRG is pleased to announce our successful 2019 Spring Seminar in partnership with FTI Consulting and Compass Lexecon Energy. On May 9, 2019 EPRG hosted delegates to dinner at Robinson College, and on May 10, 2019 for a full-day seminar at Clare College. Programme PANEL SESSION: CAPACITY MARKETS – LEGAL ISSUES AND PAN-EUROPEAN PERSPECTIVE Chair: Michael Pollitt (EPRG) S. Bell (Tempus Energy) M. Grubb (University College London) M. Duffield (National…

EPRG Working Paper 1915

Categories: Featured Items, News, Working Papers 2019 ♦

Mirjam Ambrosius, Jonas Egerer, Veronika Grimm, Adriaan H. van der Weijde The role of expectations for market design – on structural regulatory uncertainty in electricity markets Abstract | Non-Technical Summary | PDF

Presentation “Pass-through, profits and the political economy of regulation” by R. Ritz

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation"Pass-through, profits and the political economy of regulation” at 2019 International Industrial Organization Conference (IIOC) in Boston, USA, on 7 April 2019 | PDF

Journal Article: Review of Industrial Organization, 2019

Categories: Featured Items, Journal Articles 2019, News ♦ Author(s): CK Chyong

Chi Kong Chyong European Natural Gas Markets: Taking Stock and Looking Forward Review of Industrial Organization, March 2019, Pages 1-21

Presentation “Volatility, Macroeconomic Policy and Institutions in Resource-Rich Economies” by K. Mohaddes

Categories: Featured Items, News, Presentations 2019, Uncategorised ♦ Author(s): K. Mohaddes

Kamiar Mohaddes gave a presentation “Volatility, Macroeconomic Policy and Institutions in Resource-Rich Economies” at the Workshop on Macroeconomic Stability and Diversification in Oil-based Economies organized by King Abdullah Petroleum Studies and Research Center (KAPSARC), in Riyadh on 16 April 2019 | PDF

EPRG Working Paper 1914

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): T. Jamasb

Golnoush Soroush, Carlo Cambini, Tooraj Jamasb, Manuel Llorca Network Utilities Performance and Institutional Quality: Evidence from the Italian Electricity Sector Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1913

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): D. Newbery

David Newbery, Giorgio Castagneto Gissey, Bowei Guo, Paul E. Dodds The private and social value of British electrical interconnectors Abstract | Non-Technical Summary | PDF This WP was first published in April 2019 and revised in May 2019

Journal Article: Journal of Regulatory Economics, 2019

Categories: Featured Items, Journal Articles 2019, News ♦ Author(s): S. Littlechild

Stephen Littlechild Promoting competition and protecting customers? Regulation of the GB retail energy market 2008–2016 Journal of Regulatory Economics, March 2019

Report “Ofgem’s collective switching trial and possible application in New Zealand” by S. Littlechild

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): S. Littlechild

In his recent report Stephen Littlechild finds that there are some potentially important legal, organisational and economic issues that need further consideration if collective switching is to be successfully implemented both in GB and in New Zealand | PDF

EPRG Working Paper 1912

Categories: Featured Items, News, Uncategorised, Working Papers 2019 ♦ Author(s): M. Pollitt

Yang Han, Victor OK Li, Jacqueline CK Lam, and Michael Pollitt How BLUE is the Sky? Estimating the Air Quality Data in Beijing During the Blue Sky Day Period (2008-2012) by the Bayesian LSTM Approach Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1911

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): B.hobbs

Özge Özdemir, Benjamin F. Hobbs, Marit van Hout, and Paul Koutstaal Capacity vs Energy Subsidies for Renewables: Benefits and Costs for the 2030 EU Power Market Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1910

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): R. Ritz

Grischa Perino, Robert A. Ritz and Arthur A. van Benthem Understanding overlapping policies: Internal carbon leakage and the punctured waterbed Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1909

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): P.holmberg

Mahir Sarfati, Mohammad Reza Hesamzadeh, and Pär Holmberg Production efficiency of nodal and zonal pricing in imperfectly competitive electricity markets Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1908

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): CK Chyong

Chi Kong Chyong Challenges to the Future of European Single Market in Natural Gas Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1907

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): D. Newbery

David Newbery Strengths and Weaknesses of the British Market Model Abstract | Non-Technical Summary | PDF

Report “Savings available in the retail energy market and the Overall Customer Service score” by S. Littlechild

Categories: Featured Items, News, Other Papers 2019 ♦ Author(s): S. Littlechild

In his recent report Stephen Littlechild finds that some of the savings apparently available in the retail energy market are questionable, and suggests the calculation of an Overall Customer Service score to inform customers who are considering changing supplier | PDF

Paul Simshauser – recipient of Member of the Order of Australia

Categories: Featured Items, News ♦ Author(s): P. Simshauser

We are delighted to announce that Paul Simshauser, EPRG Associate Researcher, was awarded a Member of the Order of Australia (AM) at the Australia Day 2019 Honours List for significant service to the energy sector through executive roles, applied economics and policy research. Congratulations to Paul!

Podcast “A ‘tough sell’: why it is so difficult to address climate change on a global scale” by M. Pollitt and D. Reiner

Categories: Featured Items, News, Op-ed ♦ Author(s): D. Reiner, M. Pollitt

Michael Pollitt and David Reiner recorded a podcast "A ‘tough sell’: why it is so difficult to address climate change on a global scale" as part of the "Cambridge Judge Business School Debate" series. This podcast focuses on energy policy - the nature of the challenges, the difficulty in addressing climate change, and a few bright spots surrounding wind and solar power. To listen to the podcast or to view…

Presentation “The Energy Price Cap: Towards a ‘Fairer Market’ for UK Consumers? the Economist’s view” by S. Littlechild

Categories: Featured Items, News, Presentations 2019 ♦ Author(s): S. Littlechild

Stephen Littlechild gave a presentation "The Energy Price Cap: Towards a ‘Fairer Market’ for UK Consumers? the Economist's view" at a UCL Laws event at University College, London on 23 January 2019 | PDF

EPRG Working Paper 1906

Categories: Featured Items, News, Working Papers 2019 ♦

Eoghan O’Neill and Melvyn Weeks Causal Tree Estimation of Heterogeneous Household Response to Time-Of-Use Electricity Pricing Schemes Abstract | Non-Technical Summary | PDF

S. Littlechild latest submission to CMA

Categories: Featured Items, News, Op-ed, Other Papers 2019 ♦ Author(s): S. Littlechild

Stephen Littlechild has responded to the CMA’s invitation to comment on its proposed review of the Prepayment Charges Restriction Order 2016. In his response "Providing for a transition back to a competitive retail energy market" he suggests that the CMA phase out the prepayment meter tariff cap by December 2020 rather than leave a “cliff edge” situation where removal will be politically difficult | PDF

EPRG Working Paper 1905

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): M. Pollitt

Paul Nillesen and Michael Pollitt Ownership Unbundling of Electricity Distribution Networks Abstract | Non-Technical Summary | PDF

Journal Article: Energy Policy, 2019, Vol 126

Categories: Featured Items, Journal Articles 2019, News ♦ Author(s): K. Mohaddes

Uchechukwu Jarrett, Kamiar Mohaddes and Hamid Mohtadi Oil price volatility, financial institutions and economic growth Energy Policy, Volume 126, March 2019, Pages 131-144

EPRG Working Paper 1904

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): CK Chyong, D. Newbery

Chi Kong Chyong, Bowei Guo, and David Newbery The impact of a Carbon Tax on the CO2 emissions reduction of wind Abstract | Non-Technical Summary | PDF This WP was first published in January 2019 and was revised in May 2019 Also published as a journal article in The Energy Journal

EPRG Working Paper 1903

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): T. Jamasb

Tooraj Jamasb and Manuel Llorca Energy Systems Integration: Economics of a New Paradigm Abstract | Non-Technical Summary | PDF

Journal Article: Energy Policy, 2019, Vol 127

Categories: Featured Items, Journal Articles 2019, News ♦ Author(s): M. Pollitt

Sinan Kufeoglu and Michael Pollitt The impact of PVs and EVs on domestic electricity network charges: A case study from Great Britain Energy Policy 2019, Volume 127, April 2019, Pages 412-424 Based on EPRG WP#1814

EPRG Working Paper 1902

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): P.holmberg

Victor Ahlqvist, Pär Holmberg and Thomas Tangerås Central- versus Self-Dispatch in Electricity Markets Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1901

Categories: Featured Items, News, Working Papers 2019 ♦ Author(s): P. Simshauser

Paul Simshauser On the impact of government-initiated CfD’s in Australia’s National Electricity Market Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1841

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): P. Simshauser

Paul Simshauser and Joel Gilmore On entry cost dynamics in Australia’s National Electricity Market Abstract | Non-Technical Summary | PDF

Report “Productivity growth in electricity and gas networks since 1990” by V. Ajayi, K. Anaya and M. Pollitt

Categories: Featured Items, News, Other Papers 2018 ♦ Author(s): K. Anaya, M. Pollitt

Victor Ajayi, Karim Anaya and Michael Pollitt wrote a report "Productivity growth in electricity and gas networks since 1990" for the Office of Gas and Electricity Markets (Ofgem), as part of the RIIO-2 consultation. It was published on 17 December 2018. You can read the report here For the full dataset (ED, ET, GD, GT) click here

2018 EPRG Winter Seminar

Categories: Events, Featured Items, Winter Seminars ♦

EPRG is pleased to announce our successful 2018 Winter Seminar. On December 6, 2018 EPRG hosted delegates to dinner at Newnham College, and on December 7, 2018 for a full-day seminar at the same college. Programme SESSION 1 - GETTING MARKET DESIGN RIGHT Chair: Karim Anaya (EPRG) Paul Simshauser (Griffith Business School) What went wrong with Australia’s National Electricity Market? The missing money & missing policy Jo Aston (Northern Ireland Authority for Utility Regulation) New All-island…

Report “Europe’s Electricity Market Design: 2030 and beyond” by M. Pollitt and C.K. Chyong

Categories: Featured Items, News, Other Papers 2018 ♦ Author(s): CK Chyong, M. Pollitt

Michael Pollitt and Chi-Kong Chyong published a report "Europe's Electricity Market Design: 2030 and beyond" for Center on Regulation in Europe (CERRE) on 10 December 2018. The complete report can be found here

EPRG Working Paper 1840

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): B.hobbs

Brent Eldridge, Richard O’Neill, and Benjamin F. Hobbs Pricing in Day-Ahead Electricity Markets with Near-Optimal Unit Commitment Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1839

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): M. Pollitt

Michael Pollitt and Lewis Dale Restructuring the Chinese Electricity Supply Sector - How industrial electricity prices are determined in a liberalized power market: lessons from Great Britain Abstract | Non-Technical Summary | PDF The Chinese version of this paper can be viewed here

EPRG Working Paper 1838

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): P.holmberg

Mahir Sarfati, Mohammad Reza Hesamzadeh, Pär Holmberg Increase-Decrease Game under Imperfect Competition in Two-stage Zonal Power Markets - Part II: Solution Algorithm Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1837

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): P.holmberg

Mahir Sarfati, Mohammad Reza Hesamzadeh, Pär Holmberg Increase-Decrease Game under Imperfect Competition in Two-stage Zonal Power Markets - Part I: Concept Analysis Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1836

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): CK Chyong, D. Reiner

Matthias A. Schnellmann, Chi Kong Chyong, David M. Reiner, Stuart A. Scott Deploying gas power with CCS: The role of operational flexibility, merit order and the future energy system Abstract | Non-Technical Summary | PDF Supplementary information

Presentation “Volatility and Macroeconomic Policy in the Middle East & North Africa Region” by K. Mohaddes

Categories: Featured Items, News, Presentations 2018 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes gave a presentation "Volatility and Macroeconomic Policy in the Middle East & North Africa Region" at the Symposium on “The World Economic Outlook: Implications for Kuwait and the MENA Region” hosted by the International Monetary Fund (IMF) Middle East Center for Economics and Finance (CEF) and the Arab Fund for Economic and Social Development (AFESD) in Kuwait on November 12, 2018 | PDF

EPRG Working Paper 1835

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): D. Reiner

Xiaoping He and David Reiner Consumer Engagement in Energy Markets: The Role of Information and Knowledge Abstract | Non-Technical Summary | PDF

Presentation “The political economy of a carbon price floor for power generation” by R. Ritz

Categories: Featured Items, News, Presentations 2018 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation on “The political economy of a carbon price floor for power generation” to an expert roundtable hosted by the European Policy Centre (EPC) in Brussels on 5 November 2018 | PDF

EPRG Working Paper 1834

Categories: Featured Items, News, Working Papers 2018 ♦

Jacqueline CK Lam, Lawrence YL Cheung, Y. Han, and SS Wang China’s Response to Nuclear Safety Post-Fukushima: Genuine or Rhetoric? Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1833

Categories: Featured Items, News, Uncategorised, Working Papers 2018 ♦ Author(s): R. Ritz

Juha Teirilä and Robert A. Ritz Strategic behaviour in a capacity market? The new Irish electricity market design Abstract | Non-Technical Summary | PDF

Presentation “UK & European gas markets: taking stock and looking forward” by C.K. Chyong

Categories: Featured Items, News, Presentations 2018 ♦ Author(s): CK Chyong

Chi-Kong Chyong gave a presentation "UK & European gas markets: taking stock and looking forward" at BIEE Natural Gas Seminar, in London on 25 October 2018 | PDF

EPRG Working Paper 1832

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): T. Jamasb

Sai Amulya Nyathikala, Tooraj Jamasb, Manuel Llorca, Mukul Kulshrestha Utilities Governance, Incentives, and Performance: Evidence from the Water Sector in India Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1831

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): R. Ritz

Felix Grey and Robert Ritz Pass-through, profits and the political economy of regulation Abstract | Non-Technical Summary | PDF

Report “Is there competition below the PPM tariff cap? What are the implications for policy?” by S. Littlechild

Categories: Featured Items, News, Other Papers 2018 ♦ Author(s): S. Littlechild

Stephen Littlechild wrote a report "Is there competition below the PPM tariff cap? What are the implications for policy?" This paper finds that the range of tariff offers that are widely available and significantly below the Prepayment Meter tariff cap is much less than first appears. It suggests various implications for policy relating to accuracy of information, setting of tariff caps, small supplier exemptions, and focus on cheapest tariff and on maximising switching…

EPRG Working Paper 1830

Categories: Featured Items, News, Working Papers 2018 ♦

Donato A. Melchiorre and Sinan Kufeoglu Economic Assessment of Using Electric Vehicles and Batteries as Domestic Storage Units in the United Kingdom Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1829

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): K. Anaya, M. Pollitt

Karim Anaya and Michael Pollitt Reactive Power Procurement: Lessons from Three Leading Countries Abstract | Non-Technical Summary | PDF

Presentation “Pass-through, profits and the political economy of regulation” by R. Ritz

Categories: Featured Items, News, Presentations 2018 ♦ Author(s): R. Ritz

Robert Ritz gave seminar presentation on “Pass-through, profits and the political economy of regulation” at Yale University, USA on 12 September 2018 He also presented "Pass-through, profits and the political economy of regulation" at Resources for the Future Seminar in Washington DC, USA on 17 September 2018 The slides for both presentations can be found here

EPRG Working Paper 1828

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): P. Simshauser

Paul Simshauser and Alexandr Akimov Regulated electricity networks, investment mistakes in retrospect and stranded assets under uncertainty Abstract | Non-Technical Summary | PDF

M. Pollitt quoted in EURACTIV

Categories: Featured Items, News, Other Papers-2018 ♦ Author(s): M. Pollitt

Michael Pollitt was quoted in the article "Capacity markets: A necessary evil in the energy transition?" by Frederic Simon, in EURACTIV media network, on 10 September 2018. The article is a part of EURACTIV special report on Capacity markets for electricity. The full text of the article can be viewed here

EPRG Working Paper 1827

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): P. Simshauser

Paul Simshauser Price discrimination and the modes of failure in deregulated retail electricity markets Abstract | Non-Technical Summary | PDF

Article “Europe should learn from California’s carbon trading” by R. Ritz and A. van Benthem

Categories: Featured Items, News, Op-ed, Other Papers-2018 ♦ Author(s): R. Ritz

Robert Ritz, EPRG Assistant Director, University of Cambridge, and Arthur van Benthem, Wharton School, University of Pennsylvania, published an article “Europe should learn from California’s carbon trading" in The Hill on 5 September 2018. The full text of the article can be read here

EPRG Working Paper 1826

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): K. Anaya, M. Pollitt

Sinan Küfeoğlu, Michael Pollitt & Karim Anaya Electric Power Distribution in the World: Today and Tomorrow Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1825

Categories: Featured Items, News, Working Papers 2018 ♦

Sinan Küfeoğlu, Niyazi Gündüz, Hao Chen and Matti Lehtonen Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1824

Categories: Featured Items, News, Working Papers 2018 ♦

Peiyang Guo, Jacqueline CK Lam, and Victor OK Li A novel machine learning approach for identifying the drivers of domestic electricity users’ price responsiveness Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1823

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): T. Jamasb

Manuel Llorca, Ana Rodríguez-Álvarez, Tooraj Jamasb Objective vs. Subjective Fuel Poverty and Self-Assessed Health Abstract | Non-Technical Summary | PDF

Op-ed “Don’t backpedal on the CO2 price floor” by A. van Benthem and R. Ritz

Categories: Featured Items, News, Op-ed, Other Papers 2018 ♦ Author(s): R. Ritz

Robert Ritz, EPRG Assistant Director, University of Cambridge, and Arthur van Benthem, Wharton School, University of Pennsylvania, published an article “Don’t backpedal on the CO2 price floor" in the leading Dutch newspaper De Volkskrant on 7 August 2018. To read the article in Dutch, please click here

EPRG Working Paper 1822

Categories: Featured Items, News, Working Papers 2018 ♦

Niyazi Gündüz, Sinan Küfeoğlu, Christian Winzer and Matti Lehtonen Regional Differences in Economic Impacts of Power Outages in Finland Abstract | Non-Technical Summary | PDF

K. Mohaddes quoted in Egypt Oil & Gas Newspaper

Categories: Featured Items, News, Other Papers-2018 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes was quoted in the article "Oil Price Fluctuations: Can Egypt’s Economy Stand the Strain?" by Mahinaz El-Baz in Egypt Oil & Gas newspaper on 11 July 2018. The full text of the article can be viewed here Dr. Mohaddes published EPRG WP#1604 on the subject.

Op-ed “Europe needs a minimum price on carbon emissions” by R. Ritz and A. van Benthem

Categories: Featured Items, News, Op-ed, Other Papers-2018 ♦ Author(s): R. Ritz

Robert Ritz, EPRG Assistant Director, University of Cambridge, and Arthur van Benthem, Wharton School, University of Pennsylvania, published an article "Europe needs a minimum price on carbon emissions" in Handelsblatt Global, on 25 July 2018. The full text of the article can be read here.

Journal Article: Energies, 2018, Vol 11(7)

Categories: Featured Items, Journal Articles 2018, News ♦

Sinan Kufeoglu, Niyazi Gunduz, Hao Chen, and Matti Lehtonen Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland Energies 2018, Volume 11, Issue 7, 12 July 2018

Op-ed “Evaluating the case for supporting renewable electricity” by D. Newbery

Categories: Featured Items, News, Op-ed, Other Papers-2018 ♦ Author(s): D. Newbery

David Newbery published an article "Evaluating the case for supporting renewable electricity" on Vox Cepr Policy Portal on 20 July 2018. To read the article, please click here

CEEPR & EPRG European Energy Policy Conference, Berlin, Germany, 2-3 July 2018

Categories: Annual International Conferences, Featured Items, News ♦

EPRG is pleased to announce our successful 2018 CEEPR/EPRG Annual Conference with support from EnBW. The Conference took place in Kalkscheune, in Berlin, Germany, on 2 – 3 July and comprised of 1,5 day of sessions and dinner. PROGRAMME MONDAY, 2 JULY, 2018 SESSION 1 - OUR WORLD IN 2050: WHAT DOES THE FUTURE LOOK LIKE? Chaired by Michael Pollitt (EPRG) Karsten Neuhoff (DIW) - Our World in 2050: Three Factors Determining How…

EPRG Working Paper 1821

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): P. Simshauser

Paul Simshauser Missing money, missing policy and Resource Adequacy in Australia’s National Electricity Market Abstract | Non-Technical Summary | PDF

Presentation “Oil Price Volatility, Climate Change Uncertainty, and Macroeconomic Policy” by K. Mohaddes

Categories: Featured Items, News, Presentations 2018 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, gave a presentation "Oil Price Volatility, Climate Change Uncertainty, and Macroeconomic Policy" at ERF Conference "The New Normal in the Global Economy: Challenges and Prospects for MENA", in Cairo, Egypt, on 9 July 2018 | PDF You can also view the presentation here

Report “Reactive Power Management and Procurement Mechanisms: Lessons for the Power Potential Project” by K. Anaya and M. Pollitt

Categories: Featured Items, News, Other Papers 2018 ♦ Author(s): K. Anaya, M. Pollitt

Karim Anaya and Michael Pollitt wrote a report for National Grid Power Potential Project titled "Reactive Power Management and Procurement Mechanisms: Lessons for the Power Potential Project" that was published on National Grid website on 11 June 2018. The Power Potential initiative is a customer funded project that is being implemented by National Grid and UK Power Networks. The aim of Power Potential is to introduce a market-based mechanism for…

Presentation “When is a carbon price floor desirable?” by R. Ritz

Categories: Featured Items, News, Presentations 2018 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation “When is a carbon price floor desirable?" to the French arm of the International Association for Energy Economics (IAEE) at a special event on carbon price floors held at Paris Dauphine University on 4 July 2018 | PDF

Policy Brief “A carbon price floor for power generation to reaffirm EU climate leadership” by D. Newbery, D. Reiner and R. Ritz

Categories: Featured Items, News, Other Papers 2018 ♦ Author(s): D. Newbery, D. Reiner, R. Ritz

David Newbery, David Reiner and Robert Ritz published a Policy Brief "A carbon price floor for power generation to reaffirm EU climate leadership" on 28 June 2018. The brief is based on the EPRG Working Paper #1816 'The European Union should introduce a minimum price on carbon dioxide from electricity generation to accelerate low-carbon investment and the switch from coal-fired generation to cleaner gas. Such a minimum price could be introduced…

Journal Article: Energy Policy, 2018, Vol 120

Categories: Featured Items, Journal Articles 2018, News ♦ Author(s): D. Newbery

David Newbery Evaluating the case for supporting renewable electricity Energy Policy, Volume 120, September 2018, Pages 684-696 Earlier version EPRG Working Paper #1706

EPRG Working Paper 1820

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): M. Pollitt

Xiao-Yan Liu, Li-Qiu Liu, Bai-Chen Xie, Michael G. Pollitt Does environmental heterogeneity affect the productive efficiency of grid utilities in China? Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1819

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): CK Chyong

Hao Chen, Chi Kong Chyong, Jia-Ning Kang, Yi-Ming Wei Economic dispatch in the electricity sector in China: potential benefits and challenges ahead Abstract | Non-Technical Summary | PDF

Presentation “UK Electricity Market Reform and the Energy Transition: Emerging Lessons” by D. Newbery

Categories: Featured Items, News, Presentations 2018 ♦ Author(s): D. Newbery

David Newbery gave a presentation "UK Electricity Market Reform and the Energy Transition: Emerging Lessons" at 41st International IAEE Conference in Groningen, The Netherlands, on 12 June 2018 | PDF

S. Littlechild latest submission to CMA

Categories: Featured Items, News, Op-ed, Other Papers-2018 ♦ Author(s): S. Littlechild

Stephen Littlechild has made a further submission to the CMA investigation of the SSE-Npower merger, suggesting that divestment to smaller suppliers of some 740,000 long-standing Npower domestic energy customers on Standard Variable Tariffs would address the CMA’s recently identified theory of harm associated with a loss of rivalry in the setting of default tariff prices | PDF

EPRG Working Paper 1818

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): D. Reiner

Victor Ajayi and David Reiner European Industrial Energy Intensity: The Role of Innovation 1995-2009 Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1817

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): D. Newbery, M.grubb

Michael Grubb and David Newbery UK Electricity Market Reform and the Energy Transition: Emerging Lessons Abstract | Non-Technical Summary | PDF Also published in The Energy Journal 39(6) 1-24 | Text

EPRG Working Paper 1816

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): D. Newbery, D. Reiner, R. Ritz

David Newbery, David Reiner, and Robert Ritz When is a carbon price floor desirable? Abstract | Non-Technical Summary | PDF Policy Brief "A carbon price floor for power generation to reaffirm EU climate leadership", based on this paper, can be read here

EPRG Working Paper 1815

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): M. Pollitt

Michael Pollitt The European Single Market in Electricity: An Economic Assessment Abstract | Non-Technical Summary | PDF

2018 EPRG Spring Seminar

Categories: Events, Featured Items, Spring Seminars ♦

EPRG is pleased to announce our successful 2018 Spring Seminar in partnership with FTI Consulting and Compass Lexecon. On May 10, 2018 EPRG hosted delegates to dinner at Westminster College, and on May 11, 2018 at Downing College for a full-day seminar. Programme SESSION 1 - THE ROLE OF GAS IN ENERGY TRANSITIONS Chair: Jason Mann (FTI-Compass Lexecon Energy) Jonathan Stern (OIES) Challenges to the Future of Gas Alaric Marsden (FTI-Compass Lexecon Energy) Gas as a key enabler of…

K. Mohaddes quoted in Albawaba News

Categories: Featured Items, News, Other Papers 2018 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes was quoted in the article "This is 'Winning'? Ending the Iran Deal is Alienating European Allies & Strengthening the Yuan" by Eleanor Beevor, on Albawaba News, on 14 May 2018. The interview covers his views on the likely impact on Iran's oil exports following President Trump's withdraw from JCPOA and unilateral sanctions by the US. Dr. Mohaddes published EPRG WP#1512 on the subject. The full article can be read here

EPRG News

Categories: Featured Items, News ♦ Author(s): R. Ritz

We are pleased to announce that Robert Ritz, one of EPRG’s Assistant Directors, has been appointed as a member of Ofgem’s Academic Panel. The Panel is set to enhance Ofgem's strategic thinking and early-stage policy development. More details on the Panel, its aims and current members can be found here

EPRG Working Paper 1814

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): M. Pollitt

Sinan Kufeoglu and Michael Pollitt The impact of PVs and EVs on Domestic Electricity Network Charges: a case study from Great Britain Abstract | Non-Technical Summary | PDF Also published as a journal article in Energy Policy, Volume 127, April 2019, pp 412-424 | Text

Journal Article: Utilities Policy, 2018, Vol 52

Categories: Featured Items, Journal Articles 2018, News ♦ Author(s): S. Littlechild

Stephen Littlechild Competition, regulation and price controls in the GB retail energy market Utilities Policy, Volume 52, June 2018, Pages 59-69

EPRG Working Paper 1813

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): P.holmberg

Mohammad Hesamzadeh, Par Holmberg, Mahir Sarfati Simulation and Evaluation of Zonal Electricity Market Design Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1812

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): A.ehrenmann

Ibrahim Abada, Andreas Ehrenmann, Xavier Lambin Unintended consequences: The snowball effect of energy communities Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1703 (Updated)

Categories: Featured Items ♦

EPRG Working Paper 1703 The CMA’s analysis of the retail energy market: an examination using textbook economics by Stephen Littlechild has been updated and published under a new title The CMA’s assessment of customer detriment in the GB retail energy market. To view a new version, please click here

Comment “Competition, Regulation and Price Controls in the GB Retail Energy Market” by S. Littlechild

Categories: Featured Items, News, Op-ed, Other Papers 2018 ♦ Author(s): S. Littlechild

Stephen Littlechild's paper "Competition, Regulation and Price Controls in the GB Retail Energy Market" is a revised and updated version of his July 2017 lead article in Australian Competition and Consumer Commission (ACCC) Network, which summarises and appraises the last decade of UK retail energy market regulation. The revised paper has been submitted to Utilities Policy. The full text can be found here The original article in ACCC Network can be read here

EPRG Working Paper 1811

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): D. Reiner

Jacqueline CK Lam, Victor OK Li, David M. Reiner, Yang Han, and Shan Shan Wang Trust in Government and Effective Nuclear Safety Governance in Great Britain Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1810

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): D. Reiner

Hao Yu, David M. Reiner, Hao Chen, Zhifu Mi A comparison of public preferences for different low-carbon energy technologies: Support for CCS, nuclear and wind energy in the United Kingdom Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1809

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): T. Jamasb

Tooraj Jamasb, Manuel Llorca, Pavan Khetrapal, Tripta Thakur Institutions and Performance of Regulated Firms: Evidence from Electric Utilities in the Indian States Abstract | Non-Technical Summary | PDF

Op-ed “Can Sovereign Wealth Funds Mitigate the Negative Impact of Volatility?” by K. Mohaddes

Categories: Featured Items, News, Op-ed, Other Papers 2018 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes and Mehdi Raissi's paper "Can Sovereign Wealth Funds Mitigate the Negative Impact of Volatility?" is published in Economic Research Forum Policy Brief #31 in March 2018. The full text can be found here

S. Littlechild latest submission to CMA

Categories: Featured Items, News, Op-ed, Other Papers 2018 ♦ Author(s): S. Littlechild

Stephen Littlechild has made a submission to the CMA investigation of the SSE-Npower merger, suggesting that the two companies agree to divest long-standing customers on Standard Variable Tariffs to smaller suppliers in the domestic energy market. He identifies ten respects in which this would increase competition, which is particularly important in present circumstances | PDF

EPRG Working Paper 1808

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): M.grubb

Michael Grubb, Jean-Francois Mercure, Pablo Salas, Rutger-Jan Lange, Ida Sognnaes Systems Innovation, Inertia and Pliability: A mathematical exploration with implications for climate change abatement Abstract | Non-Technical Summary | PDF

K. Mohaddes quoted in Albawaba News

Categories: Featured Items, News, Op-ed, Other Papers 2018 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes was quoted in the article "Reneging on the Nuclear Deal Will Isolate America, Empower China, and Distance Europe" by Eleanor Beevor, on Albawaba News, on 28 February 2018. The article also makes a reference of Kamiar's work "Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis" that was written together with H. Pesaran. The full text of the newspaper article can be found here

Report “The Regulation of Retail Competition in US Residential Electricity Markets” by S. Littlechild

Categories: Featured Items, News, Other Papers 2018 ♦ Author(s): S. Littlechild

Stephen Littlechild wrote a report on US competitive electricity markets "The Regulation of Retail Competition in US Residential Electricity Markets". The report explains that all competitive retail markets in the US except Texas require incumbent network utilities to offer a default supply service to customers who do not choose a retail supplier, and to do so at a rate that reflects the competitive wholesale market price. The report explains how…

Presentation “Global gas markets and the future of natural gas” by R. Ritz

Categories: Featured Items, News, Presentations 2018 ♦ Author(s): R. Ritz

Robert Ritz gave a keynote on "Global gas markets and the future of natural gas" at the 2018 Energy Transitions Conference at NTNU Trondheim, Norway, on 27 February 2018 | PDF

EPRG Working Paper 1807

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): M. Pollitt

Michael Pollitt, Chung-Han Yang and Hao Chen Restructuring the Chinese Electricity Supply Sector: An assessment of the market pilot in Guangdong Province Abstract | Non-Technical Summary | PDF The Chinese version of this paper can be viewed here

EPRG Working Paper 1806

Categories: Featured Items, News, Working Papers 2018 ♦

Natalia Fabra A Primer on Capacity Mechanisms Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1805

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): D. Reiner

Mengfei Jiang, Xi Liang, David Reiner, Boqiang Lin and Maosheng Duan Stakeholder Views on Interactions between Low-carbon Policies and Carbon Markets in China: Lessons from the Guangdong ETS Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1804

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): K. Anaya, M. Pollitt

Karim Anaya and Michael Pollitt Storage Business Models: Lessons for Electricity from Natural Gas, Cloud Data and Frozen Food Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1802

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): M. Pollitt

Geoffroy Dolphin and Michael Pollitt International Spillovers and Carbon Pricing Policies Abstract | Non-Technical Summary | PDF This WP was revised in March 2019 and replaced the old version.

Article “An energy price cap will damage the industry. Here’s a viable alternative” by S. Littlechild

Categories: Featured Items, News, Other Papers 2018 ♦ Author(s): S. Littlechild

Stephen Littlechild published an article "An energy price cap will damage the industry. Here's a viable alternative" in the Daily Telegraph on 9 January 2018 | PDF To read the article online, please click here

Presentation “Competition and the UK Retail Energy Market” by S. Littlechild

Categories: Featured Items, News, Presentations 2017 ♦ Author(s): S. Littlechild

Stephen Littlechild gave a presentation "Competition and the UK retail energy market: Lessons for Australia?" during AEC Luncheon Seminar in Park Hyatt, Melbourne, Australia on 29 November 2017 | PDF He also presented "Competition and the UK retail energy market" at Meridian Energy Seminars, Wellington, New Zealand on 23 November 2017 | PDF You can view this presentation here

EPRG Working Paper 1801

Categories: Featured Items, News, Working Papers 2018 ♦ Author(s): M. Llorca, T. Jamasb

Mahmud I. Imam, Tooraj Jamasb, and Manuel Llorca Sector Reforms and Institutional Corruption: Evidence from Electricity Industry in Sub-Saharan Africa Previously published in January 2018 under the title Power Sector Reform and Corruption: Evidence from Sub-Saharan Africa. Updated in May 2018 under a new title. Abstract | Non-Technical Summary | PDF

S. Littlechild latest submission to BEIS

Categories: Featured Items, News, Op-ed, Other Papers-2017 ♦ Author(s): S. Littlechild

Stephen Littlechild and other former energy regulators of the UK submitted a written evidence to the BEIS Select Committee on pre-legislative scrutiny of the draft domestic gas and electricity (tariff cap) bill in November 2017. The full text can be found here. On 12 December 2017, S. Littlechild gave evidence in person during the Select Committee meeting. The written transcript of the meeting can be found here. The meeting can also be viewed here The follow-up…

EPRG Working Paper 1721

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): D. Reiner

Ilkka Hannula and David Reiner The race to solve the sustainable transport problem via carbon-neutral synthetic fuels and battery electric vehicles Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1720

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): A.ehrenmann, D.ralph, Y.smeers

Gauthier de Maere d’Aertrycke, Andreas Ehrenmann, Daniel Ralph, and Yves Smeers Risk trading in capacity equilibrium models Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1719

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): D. Newbery

David Newbery Designing an electricity wholesale market to accommodate significant renewables penetration: Lessons from Britain Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1718

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): K. Anaya, M. Pollitt

Karim Anaya and Michael Pollitt Regulating the Electricity System Operator: Lessons for Great Britain from around the world Abstract | Non-Technical Summary | PDF

Report for Ofgem on International Electricity System Operator Regulation by K.L Anaya & M.G. Pollitt

Categories: Featured Items, News ♦ Author(s): K. Anaya, M. Pollitt

Report for Ofgem “What can we learn from international comparators about how we should structure an incentives framework for the future GB electricity system operator to help maximise consumer welfare?” by K.L Anaya & M.G. Pollitt

Comment “Will The Market Delivery Security of Gas Supply? The Case of the UK and Italy” by C.K.Chyong

Categories: Featured Items, News, Op-ed ♦ Author(s): CK Chyong

A comment by Chi Kong Chyong regarding the recent price hike in the UK and Europe due to gas supply shortages "Having a market-based solution to a security of supply event, such as the recent one, means that the cost of meeting these unexpected events is as low as possible, while the price for that security is transparently and competitively set. The UK and Italian cases provide further support…

2017 EPRG Winter Seminar

Categories: Events, Featured Items, Winter Seminars ♦

EPRG is pleased to announce our successful 2017 Winter Seminar in partnership with NERA Economic Consulting. On December 7, 2017 EPRG hosted delegates to a dinner at Magdalene College, and on December 8, 2017 at Churchill College for a full-day seminar. Programme SESSION 1 – OPPORTUNITIES AND CHALLENGES FOR TRANSMISSION AND DISTRIBUTION BUSINESS Chair: George Anstey (NERA) Michael Pollitt (EPRG) - Designing Markets for Ancillary Services Stephen Buryk (NERA) - Regulation to Promote Development of Distributed Energy Resources SESSION…

Study “Brexit and its implications for British and EU Energy and Climate Policy” by M. Pollitt and C.K. Chyong

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): CK Chyong, M. Pollitt

Michael Pollitt and Chi-Kong Chyong conducted a study "Brexit and its implications for British and EU Energy and Climate Policy" for Centre on Regulation in Europe (CERRE). It was published by CERRA as a Project Report on 22 November 2017 | PDF

Presentation “Oil Prices and the Global Economy: Is It Different This Time Around?” by K. Mohaddes

Categories: Featured Items, News, Presentations 2017 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, gave a presentation "Oil Prices and the Global Economy: Is It Different This Time Around?" at the Conference on "Arab Oil Exporters: Coping with a New Global Oil Order", at the Arab Fund for Economic and Social Development on 26-27 November 2017 in Kuwait | PDF

EPRG Working Paper 1717

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): W. Nuttall

William J. Nuttall, Constantine Samaras, and Morgan Bazilian Energy and the Military: Convergence of Security, Economic, and Environmental Decision-Making Abstract | Non-Technical Summary | PDF

Journal Article: Journal of International Economics, 2017, Vol 106

Categories: Featured Items, Journal Articles 2017, News ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, Paul Cashin and Mehdi Raissi "Fair weather or foul? The macroeconomic effects of El Niño" Journal of International Economics, Volume 106, May 2017, Pages 37-54

Presentation “Do Sovereign Wealth Funds Dampen the Negative Effects of Commodity Price Volatility?” by K. Mohaddes

Categories: Featured Items, News, Presentations 2017 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, gave a presentation "Do Sovereign Wealth Funds Dampen the Negative Effects of Commodity Price Volatility?" at the Workshop on New Perspectives on Political Economy of the Middle East that took place at the University of Oxford on 27-28 October 2017 | PDF

Journal Article: Journal of Commodity Markets, 2017, Vol. 8

Categories: Featured Items, Journal Articles 2017, News ♦ Author(s): K. Mohaddes

Kamiar Mohaddes and Mehdi Raissi Do sovereign wealth funds dampen the negative effects of commodity price volatility? Journal of Commodity Markets, Volume 8, December 2017, Pages 18-27

Journal Article: Energy Economics, 2017, Vol. 68

Categories: Featured Items, Journal Articles 2017, News ♦ Author(s): D. Newbery

David Newbery and Thomas Greve The strategic robustness of oligopoly electricity market models Energy Economics, Volume 68, October 2017, Pages 124-132

EPRG Working Paper 1716

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): A.ehrenmann

Ibrahim Abada, Andreas Ehrenmann and Xavier Lambin On the viability of energy communities Abstract | Non-Technical Summary | PDF

A Review of Gas Security of Supply within Great Britain’s Gas Market – From the Present to 2035

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): CK Chyong

The UK government has published its strategic assessment and review of GB’s Gas security of supply based on a detailed analysis by CEPA using EPRG’s gas market models. Dr Chi Kong Chyong, EPRG Research Associate & Director of Energy Policy Forum, led the modelling work for this review. A summary of this strategic assessment and review can be found here Full report can be found here Peer-reviewed academic paper outlining…

Article “Implications of the current low oil prices for MENA countries” by K. Mohaddes

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes and Mehdi Raissi published an article "Implications of the current low oil prices for MENA countries" on Economic Research Forum website, on 9 October 2017 'Oil importers in the region should not overestimate the positive impact of the decline in oil prices on their economies given considerable uncertainty about the persistence of lower oil prices and the availability of external financing and weak demand growth in oil-exporting trade partners".…

Presentation “The return to price caps: Where did it all go wrong and how to fix it?” by S. Littlechild

Categories: Featured Items, News, Presentations 2017 ♦ Author(s): S. Littlechild

Stephen Littlechild gave a presentation "The return to price caps: Where did it all go wrong and how to fix it?" during Beesley Lectures in London on 5 October 2017 | PDF

EPRG Working Paper 1715

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): M. Pollitt

Seung Wan Kim, Michael G. Pollitt, Young Gyu Jin, Jip Kim and Yong Tae Yoon Contractual Framework for the Devolution of System Balancing Responsibility from the Transmission System Operator to Distribution System Operators Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1714

Categories: Featured Items, News, Working Papers 2017 ♦

Felix Grey Corporate lobbying for environmental protection Abstract | Non-Technical Summary | PDF

C.K. Chyong quoted in PenzaNews Agency

Categories: Featured Items, News, Op-ed, Other Papers-2017 ♦ Author(s): CK Chyong

Chi Kong Chyong was quoted in the article "US anti-Russia sanctions may have negative impact on European energy security" in PenzaNews Agency on 4 August 2017. “While the exporters of gas – Russia and USA – are looking for more customers in the oversupplied market environment, European energy security is at odds: European gas markets are very diverse – for some markets, more cheap Russian gas does not create huge energy…

Simon Taylor – recipient of the 2017 CJBS Sandra Dawson Research Impact Award

Categories: Featured Items, News ♦ Author(s): S.taylor

We are delighted to announce that Simon Taylor, EPRG Associate Researcher, is the winner of the 2017 Cambridge Judge Business School Sandra Dawson Research Impact Award. Funded by a generous donation from Professor Dame Sandra Dawson, the annual Research Impact Awards recognise the impact of our research on non-academic stakeholders. Awards are made on the basis of Reach: the extent and diversity of the organisations that have benefited from the research, and…

Article “Energy bill woes are down but support for market intervention remains strong” by D. Reiner

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): D. Reiner

David Reiner and Joel Faulkner Rogers published an article "Energy bill woes are down but support for market intervention remains strong" on YouGov website on 25 July 2017. The full text of the article can be read here

Article “Competition and Price Controls in the UK Retail Energy Market” by S. Littlechild

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): S. Littlechild

Stephen Littlechild published an article "Competition and Price Controls in the UK Retail Energy Market" in the Australian Competition and Consumer Commission Network publication on 7 July 2017. This lead article summarises and appraises the last decade of UK retail market regulation. The full text of the article can be read here

Journal Article: Energy Economics, 2017, Vol. 65

Categories: Featured Items, Journal Articles 2017, News ♦ Author(s): K. Mohaddes

Kamiar Mohaddes and Hashem Pesaran Oil prices and the global economy: Is it different this time around? Energy Economics, Volume 65, June 2017, Pages 315-325

EPRG Working Paper 1713

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): G. Strbac, M. Pollitt, T.greve

Thomas Greve, Fei Teng, Michael Pollitt, Goran Strbac A system operator’s utility function for the frequency response market Abstract | Non-Technical Summary | PDF

EPRG & CEEPR Annual Conference with support of ENEDIS, Paris, France, 6-7 July 2017

Categories: Annual International Conferences, Featured Items, News ♦

EPRG is pleased to announce our successful 2017 EPRG & CEEPR Annual Conference with support from ENEDIS. The Conference took place at The Sorbonne University in Paris on 6 – 7 July and comprised of 1,5 day of sessions and dinner with concert. PROGRAMME Thursday, 6 July 2017 SESSION 1 - ENERGY TRANSITIONS IN EUROPE AND IN THE US Chaired by Joshua Hodge (MIT) John Parsons (MIT) - Energy Transition in the U.S. David Reiner (EPRG) - Energy Transitions and…

EPRG Working Paper 1712

Categories: Featured Items, News, Working Papers 2017 ♦

Juha Teirilä Market Power in the Capacity Market? The Case of Ireland Abstract | Non-Technical Summary | PDF

Letter from S. Littlechild to Ofgem on retail energy market , 23 June 2017

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): S. Littlechild

Stephen Littlechild and other former UK regulators sent a letter to Dermot Nolan, Ofgem, following a letter from the Secretary of State to Ofgem about the retail energy market, and Ofgem’s statement in response to the letter, on 23 June 2017. The text of the letter can be read here The Secretary of State's letter and Ofgem statement can be found here

EPRG Working Paper 1711

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): D. Newbery, M. Pollitt, R. Ritz

David Newbery, Michael Pollitt, Robert Ritz, and Wadim Strielkowski Market design for a high-renewables European electricity system Abstract | Non-Technical Summary | PDF Also published in Renewable & Sustainable Energy Reviews, 91, 695-707 | Text

Presentation “How ‘Integrated’ is an Integrated Oil and Gas Company (IOC)? Understanding how and why IOCs pursue alternative business models in global natural gas markets” by D. Reiner

Categories: Featured Items, News, Presentations 2017 ♦ Author(s): CK Chyong, D. Reiner

David Reiner gave a presentation "How ‘Integrated’ is an Integrated Oil and Gas Company (IOC)? Understanding how and why IOCs pursue alternative business models in global natural gas markets" at the Annual International IAEE Conference in Singapore on 19 June 2017 | PDF

Presentation “An Assessment of Gazprom’s Proposed Commitments Concerning Central and Eastern European Gas Markets” by C.K. Chyong

Categories: Featured Items, News, Presentations 2017 ♦ Author(s): CK Chyong

Chi Kong Chyong gave a presentation "An Assessment of Gazprom’s Proposed Commitments Concerning Central and Eastern European Gas Markets" during the meeting of International Energy Unit and Strategic and International Analysis, BEIS, in London on 8 June 2017 | PDF

Presentation “Economics of Gazprom’s gas export strategies to Europe” by C.K. Chyong

Categories: Featured Items, Op-ed, Presentations 2017 ♦ Author(s): CK Chyong

Chi Kong Chyong gave a presentation "Economics of Gazprom’s gas export strategies to Europe" at Eurasian Natural Gas Infrastructure Conference in Milan on 30 May 2017 | PDF

EPRG Working Paper 1710

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): K. Anaya, M. Pollitt

Arjan S. Sidhu, Michael G. Pollitt, and Karim L. Anaya A Social Cost Benefit Analysis of Grid-Scale Electrical Energy Storage Projects: Evaluating the Smarter Network Storage Project Also published in Applied Energy, 2018, volume 212, pp 881-894 Abstract | Non-Technical Summary | PDF

Book Chapter “On the Future of Global LNG Trade and Geopolitics” by C.K. Chyong

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): CK Chyong

C.K. Chyong published a book chapter "On the Future of Global LNG Trade and Geopolitics’ in the book 'The Future of Natural Gas - Markets and Geopolitics', editors Silvia Colombo, Mohamed El Harrak and Nicolo Sartory (2016). The chapter focuses on the emergence of LNG as one of the fastest growing international traded commodities and on its potential contribution to the integration of once regional natural gas segments into the globalized markets. The…

EPRG Working Paper 1709

Categories: Featured Items, Working Papers 2017 ♦ Author(s): T. Jamasb

Rabindra Nepal, Tooraj Jamasb, Anupama Sen and Lawrence Cram Small Systems, Big Targets: Power Sector Reforms and Renewable Energy Development in Small Electricity Systems Abstract | Non-Technical Summary | PDF

Op-ed “Consequences of Gazprom’s commitments on Central and Eastern European gas markets” by C. K. Chyong

Categories: Featured Items, News, Op-ed, Other Papers-2017 ♦ Author(s): CK Chyong

Chi Kong Chyong published an article "Consequences of Gazprom’s commitments on Central and Eastern European gas markets" on Euractiv website on 11 May 2017. 'Brussels must look deeper into whether its current regulatory system can provide energy security and fair competition across European gas markets, writes Chi-Kong Chyong' The full text can be found here

2017 EPRG Spring Seminar

Categories: Events, Featured Items, Spring Seminars ♦

EPRG is pleased to announce our successful 2017 Spring Seminar in partnership with FTI Consulting and Compass Lexecon. On May 4, 2017 EPRG hosted delegates to a dinner at Westminster College, and on May 5, 2017 at Downing College for a full-day seminar. Programme SESSION 1 – DEEPENING COMPETITION IN THE ELECTRICITY SECTOR Chair: Fabien Roques (FTI/CL) Robert Ritz (EPRG) Market design for a high-renewables European electricity system Jason Mann (FTI/CL) Competition in Transmission: Accessing new money, new…

EPRG Working Paper 1708

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): D. Newbery

David Newbery The economics of air pollution from fossil fuels Abstract | Non-Technical Summary | PDF

C.K. Chyong submission to DG COMP regarding Gazprom commitments concerning Central and Eastern European gas markets

Categories: Featured Items, News, Op-ed ♦ Author(s): CK Chyong

Dr Chyong submitted his comment to the European Commission, Directorate General for Competition in response to the antitrust case AT.39816 — Upstream gas supplies in central and eastern Europe. The full text can be found here. Further details of the DG COMP's Antitrust case inquiry can be found here.

EPRG Working Paper 1707

Categories: Featured Items, News, Working Papers 2017 ♦

Thomas Tangeras Equilibrium supply security in a multinational electricity market with renewable production Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1706

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): D. Newbery

David Newbery How to judge whether supporting solar PV is justified This paper was updated in December 2017 and replaced the previous version published in June 2017 Abstract | Non-Technical Summary | PDF Also published as ‘Evaluating the case for supporting renewable electricity’, Energy Policy, 120, 684–696 | Text

EPRG Working Paper 1705

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): D. Newbery

David Newbery What future(s) for liberalized electricity markets: efficient, equitable or innovative? Abstract | Non-Technical Summary | PDF Also published in The Energy Journal, 39(1), 1-27 | Text

M. Pollitt quoted in articles dedicated to BEIS Committee Session on Post-Brexit

Categories: Featured Items, News, Op-ed, Other Papers-2017 ♦ Author(s): M. Pollitt

Michael Pollitt was quoted in several articles which appeared after BEIS Committee Session on How important is long-term access to the EU’s Internal Energy Market post-Brexit? that took place on 21 March 2017 in the House of Commons. David Blackman "Battery prices could soar post-Brexit", Utility Week, 22 March 2017 George Ogleby "Can the UK become a world-leader on decentralised energy post-Brexit?", Edie.net, 22 March 2017 Madeleine Cuff "Hard exit from EU…

Article “Resist the Temptation to Intervene on Energy Prices” by S. Littlechild

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): S. Littlechild

Stephen Littlechild and other former UK energy regulators published an article "Resist the Temptation to Intervene on Energy Prices" in Daily Telegraph on 22 March 2017 (online) and on 23 March 2017 (printed version). The full text of the article can be found here. To view it on Daily Telegraph website, please click here

BEIS Committee Session on Post-Brexit with M. Pollitt, 21 March 2017

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): M. Pollitt

Michael Pollitt took part in Business, Energy and Industrial Strategy Committee's session on How important is long-term access to the EU's Internal Energy Market post-Brexit? that took place on 21 March 2017 in the House of Commons. The whole session can be viewed here or read here. The BEIS Committee report was published on 28 April 2017 and can be found here

EPRG Working Paper 1704

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): M. Pollitt

Michael Pollitt, Chung-Han Yang and Hao Chen Reforming the Chinese Electricity Supply Sector: Lessons from International Experience Abstract | Non-Technical Summary | PDF The Chinese version of this paper can be viewed here

Presentation “EPRG research on large-scale numerical modelling of energy markets” by C.K. Chyong

Categories: Featured Items, News, Presentations 2017 ♦ Author(s): CK Chyong

Chi-Kong Chyong gave a presentation "EPRG research on large-scale numerical modelling of energy markets" during the meeting with National Infrastructure Commission in Cambridge on 2 March 2017 | PDF

EPRG Working Paper 1703

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): S. Littlechild

Stephen Littlechild The CMA’s assessment of customer detriment in the GB retail energy market Previously published in March 2017 under the title The CMA’s analysis of the retail energy market: an examination using textbook economics. Updated in April 2018 under a new title. Abstract | Non-Technical Summary | PDF

Letter “The case for state funding must rest on strategic need” by S. Taylor, Financial Times, 15 February 2017

Categories: Featured Items, News, Other Papers-2017 ♦ Author(s): S.taylor

Simon Taylor wrote a letter to Financial Times in response to the editorial "The case for public funding of UK nuclear" from 14 February 2017. The letter titled "The case for state funding must rest on strategic need" was published in FT on 15 February 2017. The full text can be found here | PDF

Presentation “European Clean Energy Policy for the Electricity Sector” by D. Newbery

Categories: Featured Items, News, Presentations 2017 ♦ Author(s): D. Newbery

David Newbery gave a presentation "European Clean Energy Policy for the Electricity Sector" at the 12th AEEE Conference in Salamanca University, Spain, on 2 February 2017 | PDF

S. Littlechild latest submission to the House of Lords

Categories: Featured Items, News, Op-ed, Other Papers-2017 ♦ Author(s): S. Littlechild

Stephen Littlechild and other former energy regulators submitted written evidence to the House of Lords Economic Affairs Committee in response to the inquiry that is investigating the economics of UK Energy Policy. The full text can be found here. Further details of the Committee's inquiry can be found here.

EPRG Working Paper 1702

Categories: Featured Items, News, Working Papers 2017 ♦ Author(s): M. Pollitt

Michael Pollitt The Economic Consequences of Brexit: Energy Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1701

Categories: Featured Items, News, Working Papers 2017 ♦

Matti Liski and Iivo Vehviläinen Gone with the wind: an empirical analysis of the renewable energy rent transfer Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1631

Categories: Featured Items, News, Working Papers 2016 ♦

Gabriel Chan and Laura Diaz Anadon Improving Decision Making for Public R&D Investment in Energy: Utilizing Expert Elicitation in Parametric Models Abstract | Non-Technical Summary | PDF

Policy Brief “The US Shale Oil Revolution Requires Major Reforms in the Macroeconomic Policy Frameworks and Institutions in the MENA Region” by K. Mohaddes

Categories: Featured Items, News, Other Papers-2016 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, published a policy brief "The US Shale Oil Revolution Requires Major Reforms in the Macroeconomic Policy Frameworks and Institutions in the MENA Region" at the Economic Research Forum. The brief is available online

EPRG Working Paper 1630

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): T. Jamasb

Luis Orea, Inmaculada C. Álvarez, and Tooraj Jamasb Using a spatial econometric approach to mitigate omitted variables in stochastic frontier models: An application to Norwegian electricity distribution networks Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1629

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): M. Pollitt, T.greve

Thomas Greve and Michael Pollitt A Future Auction Mechanism for Distributed Generation Abstract | Non-Technical Summary | PDF

Presentation “Some Economics of Natural Gas Storage in North West Europe” by C.K. Chyong

Categories: Featured Items, News, Presentations 2016 ♦ Author(s): CK Chyong

Chi-Kong Chyong gave a presentation "Some Economics of Natural Gas Storage in North West Europe" at the AIEE Energy Symposium on Current and Future Challenges to Energy Security, on 1 December 2016 in Milan, Italy | PDF

EPRG Working Paper 1628

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): T. Jamasb

Ana Rodríguez-Álvarez, Luis Orea and Tooraj Jamasb Fuel Poverty and Well-Being: A Consumer Theory and Stochastic Frontier Approach Abstract | Non-Technical Summary | PDF

Presentation “OPEC vs US shale: Analyzing the shift to a market-share strategy” by R. Ritz

Categories: Featured Items, News, Presentations 2016 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation "OPEC vs US shale: Analyzing the shift to a market-share strategy" at Oxford Centre for the Analysis of Resource-Rich Economies (OxCarre) on 15 November 2016 | PDF

Article “Climate Policy After the Paris 2015 Climate Conference” by J. Vinuales, J. Depledge, D. Reiner and E. Lees

Categories: Featured Items, News, Other Papers-2016 ♦ Author(s): D. Reiner

David Reiner together with Jorge Vinuales, Joanna Depledge and Emma Lees published a guest edited issue of Climate Policy journal (vol 17, #1) 'Climate Policy After the Paris 2015 Climate Conference' on 7 November 2016. The article covers the prospects of the Paris Agreement of the Climate Policy that follows from the Post-Paris Conference held in Cambridge in January 2016. The full text can be read here.

Interview with S. Taylor on Nuclear Futures, BBC Radio 4

Categories: Featured Items, News, Other Papers-2016 ♦ Author(s): S.taylor

Simon Taylor, EPRG Associate Researcher, was interviewed for BBC Radio 4 programme Costing the Earth on Nuclear Futures. The programme was broadcast on 1 & 2 November 2016 and covered the subject of extending the lives of the UK's older nuclear power stations. To listen to the interview, please click here

EPRG Working Paper 1627

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): D. Newbery, M. Pollitt

G. Dolphin, M. Pollitt, and D. Newbery The Political Economy of Carbon Pricing: a Panel Analysis Abstract | Non-Technical Summary | PDF

Presentation “Business Models for Future Energy Systems” by M. Pollitt

Categories: Featured Items, News, Presentations 2016 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "Business Models for Future Energy Systems" during BIEE's 11th Oxford research conference that took place at St John's College, Oxford on 21-22 September 2016 | PDF

EPRG Working Paper 1626

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): D. Newbery

David Newbery A simple introduction to the economics of storage: shifting demand and supply over time and space Abstract | Non-Technical Summary | PDF Also published in Energy Policy, 113, 711-720 | Text

EPRG Working Paper 1625

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): M. Pollitt, T.greve

Thomas Greve, Charalampos Patsios, Michael G. Pollitt, and Phil Taylor Economic zones for future complex power systems Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1624

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): T.greve

Marta Rocha and Thomas Greve Contracting in a market with differential information Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1623

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): M. Pollitt

Michael Pollitt Electricity Network Charging for Flexibility Abstract | Non-Technical Summary | PDF

EPRG Workshop “Implications of Brexit for UK and EU Energy and Climate Policy”, 6 September 2016

Categories: Events, Featured Items, News ♦

EPRG held a workshop on “Implications of Brexit for UK and EU Energy and Climate Policy” on 6 September 2016 at Sidney Sussex College. The Workshop comprised of 3 panel discussions sessions and finished with a dinner which included a keynote speaker, Vicky Ford, MEP and Chair of the Committee on Internal Market and Consumer Protection, European Parliament. PROGRAMME Keynote – Legal Issues and Brexit - Prof Kenneth Armstrong, Faculty of Law,…

Public comment outline for FTC investigation by M. Pollitt and W. Strielkowski

Categories: Featured Items, News, Other Papers-2016 ♦ Author(s): M. Pollitt

Michael Pollitt and Wadim Strielkowski submitted public comment Consumer solar distributed generation (DG): net metering and some competition issues to Federal Trade Commission (USA) under FTC initiative on Competition and Consumer Protection Issues in the Rooftop Solar Business, on 22 August 2016. To read the comment please click here

EPRG Working Paper 1622

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): T. Jamasb

Manuel Llorca and Tooral Jamasb Energy Efficiency and Rebound Effect in European Road Freight Transport Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1621

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): H.Weijde

Francisco D. Munoz, Adriaan Hendrik van der Weijde, Benjamin F. Hobbs and Jean-Paul Watson Does risk aversion affect transmission and generation planning? A Western North America case study Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1620

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): T. Jamasb

Rowan Adams and Tooraj Jamasb Optimal Power Generation Portfolios with Renewables: An Application to the UK Abstract | Non-Technical Summary | PDF

Article “Is cheap oil really good for the global economy?” by K. Mohaddes

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, published an article "Is cheap oil really good for the global economy?" in Financial Times on 14 July 2016. To read the article, please click here.

EPRG Working Paper 1619

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): A.ehrenmann

Ibrahim Abada and Andreas Ehrenmann The prisoner’s dilemma in Cournot models: when endogenizing the level of competition leads to competitive behaviors Abstract | Non-Technical Summary | PDF

CEEPR & EPRG European Energy Policy Conference, Paris, France, 7-8 July 2016

Categories: Annual International Conferences, Featured Items, News ♦

EPRG is pleased to announce our successful 2016 CEEPR/EPRG Annual Conference with support from EDF Energy. The Conference took place in George C. Marshall Centre in Paris, France, on 7 – 8 July and comprised of 1,5 day of sessions and dinner. PROGRAMME Thursday, 7 July 2016 SESSION 1 - IN SEARCH OF GOOD ENERGY POLICY Chaired by Olivier Appert (French Energy Council) Michael Pollitt (EPRG) - In Search of ‘Good’ Energy Policy: why multi-disciplinary approaches to Energy and Climate problems are so…

Presentation “Oil Prices and the Global Economy: Is It Different This Time Around?” by K. Mohaddes

Categories: Featured Items, News, Presentations 2016 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, gave a presentation "Oil Prices and the Global Economy: Is It Different This Time Around?" at the IIEA Conference on Iran's Economy at Philipps-University of Marburg, Germany on 18 June 2016 | Slides

S. Littlechild’s latest submission to Energy and Climate Change Committee

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): S. Littlechild

Stephen Littlechild and other former energy regulators of the UK submitted a paper to Energy and Climate Change Committee for Committee's oral hearing on the CMA energy market report that took place on 5 July 2016. The full text can be read here

EPRG Working Paper 1618

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): D. Newbery

David Newbery Pricing Electricity and Supporting Renewables in Heavily Energy Subsidized Economies The WP was slightly revised on 19 August 2016 Abstract | Non-Technical Summary | PDF Also published in Energy Journal, 38, KAPSARC Special Issue, 97-113 | Text

D. Newbery’s latest contribution to DECC, 10 March 2016

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): D. Newbery

David Newbery's latest contribution to DECC "How do we get to an electricity market with government making as few decisions as possible by 2025?", 10 March 2016. To full text can be found here.

Presentation “What are the prospects for electrical energy storage (EES)? Lessons from Europe and California” by M. Pollitt

Categories: Featured Items, News, Presentations 2016 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "What are the prospects for electrical energy storage (EES)? Lessons from Europe and California" at the International Conference on the Frontier of Advanced Batteries, CIBF2016 and the 6th China International Energy Storage Conference in Shenzhen, China, on 25 May 2016 | PDF

EPRG Working Paper 1617

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): D. Newbery

David Newbery Questioning the EU Target Electricity Model – how should it be adapted to deliver the Trilemma? Also published in Energy Policy under the title “Tales of Two Islands - Lessons for EU Energy Policy from Electricity Market Reforms in Britain and Ireland” and available here Abstract | Non-Technical Summary | PDF

Presentation “In Search of ‘Good’ Energy Policy: why multi-disciplinary approaches to Energy and Climate problems are so important” by M. Pollitt

Categories: Featured Items, News, Presentations 2016 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "In Search of 'Good' Energy Policy: why multi-disciplinary approaches to Energy and Climate problems are so important" at CEEP, Beijing Institute of Technology, China, on 20 May 2016 | PDF

2016 EPRG Spring Seminar

Categories: Events, Featured Items, Spring Seminars ♦

EPRG is pleased to announce our successful 2016 Spring Seminar in partnership with FTI Consulting and Compass Lexecon. On May 12, 2016 EPRG hosted delegates to a dinner at Westminster College, and on May 13, 2016 at the Moller Centre, Churchill College for a full-day seminar. Programme SESSION 1 – THE FUTURE OF DSM AND THE ROLE OF ELECTRICITY STORAGE Chair: Fabien Roques (FTI/CL) Robert Clover (FTI/CL) Driving technology and business models innovation for storage…

EPRG Working Paper 1616

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): M. Pollitt

Laura-Lucia Richter and Michael Pollitt Which Smart Electricity Services Contracts Will Consumers Accept? The demand for compensation in a platform market First published in May 2016, this WP was updated in November 2016 Abstract | Non-Technical Summary | PDF

S. Littlechild’s latest contributions to CMA Provisional Decision on Remedies

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): S. Littlechild

Stephen Littlechild's latest response to CMA Provisional Decision on Remedies from 11 April 2016 and Supplementary Submission on Provisional Decision on Remedies from 20 April 2016.

EPRG Working Paper 1615

Categories: Featured Items, News, Working Papers 2016 ♦

Laura-Lucia Richter and Melvyn Weeks Flexible Mixed Logit with Posterior Analysis: Eliciting Willingness to Pay for Grid Resilience Abstract | Non-Technical Summary | PDF

David MacKay’s final interview and tribute

Categories: Featured Items, News ♦ Author(s): D. MacKay

The final interview with David MacKay (22 April 1967 - 14 April 2016) appeared in the article "Idea of renewables powering UK is an 'appalling delusion'" in The Guardian on 3 May 2016. To read the article and listen to the interview, please click here

EPRG Working Paper 1614

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): M. Pollitt

Francisco Castellano Ruz and Michael G. Pollitt Overcoming barriers to electrical energy storage: Comparing California and Europe Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1613

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): M. Pollitt, T.greve

Thomas Greve and Michael Pollitt A VCG Auction for Electricity Storage Abstract | Non-Technical Summary | PDF

Article “The Folly of Hinkley” by S. Taylor

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): S.taylor

Simon Taylor, Director of the Master of Finance Programme, Judge Business School, University of Cambridge, and EPRG Associate Researcher, published an article "The Folly of Hinkley" in Prospect magazine on 21 April 2016. To read the article, please click here.

Presentation ” Strategic investment, multimarket interaction and competitive advantage: An application to the natural gas industry” by R. Ritz

Categories: Featured Items, News, Presentations 2016 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation " Strategic investment, multimarket interaction and competitive advantage: An application to the natural gas industry" during the Seminar in Energy Economics, at Ecole des Mines & Paris Dauphine, France, on 13 April 2016 | PDF

Professor Sir David MacKay (22 April 1967 – 14 April 2016)

Categories: Featured Items, News ♦ Author(s): D. MacKay

We were saddened by the death of our colleague and associate Sir David MacKay, Regius Professor of Engineering at Cambridge, DECC's former Chief Scientific Advisor, on 14 April 2016 at the age of 48. The Secretary of State for Energy and Climate Change, Amber Rudd, posted that “David was the model of a scientist in government; challenging, insightful and with the ability to explain the most complex subjects in a…

Article “What is needed for battery electric vehicles to become socially cost competitive?” by D. Newbery and G. Strbac

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): D. Newbery

The article "What is needed for battery electric vehicles to become socially cost competitive?" by David Newbery and Goran Strbac was published on ScienceDirect website on 6 April 2016. To read the article in PDF, please click here. To access the online version (available till 26 May 2016), please click here

Comment on Future of Nuclear Industry, House of Commons Select Committee, by S. Taylor

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): S.taylor

Simon Taylor, Director of the Master of Finance Programme, Judge Business School, University of Cambridge, and EPRG Associate Researcher, was invited to the House of Commons Select Committee on Energy and Climate Change to give evidence on the future of the Nuclear Power and Hinkley Project industry on 23 March, 2016. To listen to the recording, please click here

Article “Hinkley Point is a costly mistake, but only France can pull the plug” by S. Taylor

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): S.taylor

Simon Taylor, Director of the Master of Finance Programme, Judge Business School, University of Cambridge, and EPRG Associate Researcher, published an article "Hinkley Point is a costly mistake, but only France can pull the plug" in The Guardian on 14 March 2016. "Vincent de Rivaz, chief executive of EDF Energy, once boasted that British customers would be cooking their Christmas turkeys in 2017 with electricity from the proposed new Hinkley Point…

EPRG Working Paper 1612

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): R. Ritz

Alberto Behar and Robert A. Ritz OPEC vs US shale oil: Analyzing the shift to a market-share strategy Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1611

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): M. Oseni, M. Pollitt

Musiliu O. Oseni and Michael G. Pollitt The prospects for smart energy prices: observations from 50 years of residential pricing for fixed line telecoms and electricity Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1610

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): R. Ritz

Robert A. Ritz How does renewables competition affect forward contracting in electricity markets? Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1609

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): K.neuhoff

Karsten Neuhoff, Nolan Ritter, Aymen Salah-Abou-El-Enien and Philippe Vassilopoulos Intraday Markets for Power: Discretizing the Continuous Trading? Abstract | Non-Technical Summary | PDF

Book “The Fall and Rise of Nuclear Power in Britain” by S. Taylor

Categories: Books, Featured Items, News ♦ Author(s): S.taylor

Simon Taylor, Director of the Master of Finance Programme, Judge Business School, University of Cambridge, and EPRG Associate Researcher, published his new book "The Fall and Rise of Nuclear Power in Britain". The book is now available here. The review of the book in the latest Nature Energy by Prof Gordon Mackerron can be read here. The review in the Financial Times online by Geoffrey Owen was in the print edition on Saturday,…

Report “Delivering future-proof energy infrastructure” by M. Pollitt

Categories: Featured Items, News, Other Papers-2016 ♦ Author(s): G. Strbac, M. Pollitt

The report "Delivering future-proof energy infrastructure" written by Goran Strobac, Ioannis Konstantelos, Michael Pollitt and Richard Green for the National Infrastructure Commission was mentioned in BBC Business News in the article Smart energy could save £8bn a year, say advisers by Roger Harrabin on 4 March 2016. To read the article, please click here To read the full report, please click here

EPRG Working Paper 1608

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): M. Pollitt

Michael Pollitt A Global Carbon Market? Abstract | Non-Technical Summary | PDF

Executive Summary of Climate Change and Energy After Paris Conference, 22 January 2016, Cambridge

Categories: Featured Items, News, Other Papers-2016 ♦

The Executive Summary of the Conference What Now? Climate Change and Energy After Paris that took place in Selwyn College, University of Cambridge, on 22 January 2016. The full text of the Summary can be found here.

S. Taylor quoted in “What’s the (Hinkley) Point?”, The Economist, 27 February 2016

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): S.taylor

The new book " The Fall and Rise of Nuclear Power in Britain" by Simon Taylor was featured in the article What's the (Hinkley) Point? published in The Economist on 27 February 2016. To read the article, please click here

EPRG Working Paper 1607

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): D. Newbery

David Newbery Policies for decarbonizing a liberalized power sector Abstract | Non-Technical Summary | PDF Also published in Economics: the Open-Access, Open-Assessment E-Journal,12 (2018-40) | Text

EPRG Working Paper 1606

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): D. Reiner

Olaf Corry and David Reiner It’s the Society, Stupid! Communicating Emergent Climate Technologies in the Internet Age Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1605

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): T. Jamasb

Janusz Brzeszczyński, Binam Ghimire, Tooraj Jamasb, and Graham McIntosh Socially Responsible Investment and Market Performance: The Case of Energy and Resource Firms Abstract | Non-Technical Summary | PDF

Stephen Littlechild’s latest contribution to CMA’s current Energy market investigation

Categories: Featured Items, News, Other Papers-2016 ♦ Author(s): S. Littlechild

Stephen Littlechild's latest contribution to CMA's current Energy market investigation "The CMA energy market investigation, the well-functioning market, Ofgem, Government and behavioural economics". This paper is forthcoming in the European Competition Journal, March 2016. Executive Summary | Text

EPRG Working Paper 1604

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes and Mehdi Raissi The U.S. Oil Supply Revolution and the Global Economy Abstract | Non-Technical Summary | PDF This paper was published as an IMF (click here) and Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute (click here) Working Papers series Also, this paper was referred to in the Financial Times on 27 January 2016 (click here)

EPRG Working Paper 1603

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): A.Mahalingam, D. Reiner

Arjun Mahalingam and David Reiner Energy Subsidies at Times of Economic Crisis: A Comparative Study and Scenario Analysis of Italy and Spain Abstract | Non-Technical Summary | PDF

K. Mohaddes quoted in “Pouring Oil on Troubled Stock Markets”, Financial Times, 27 January 2016

Categories: Featured Items, Op-ed, Other Papers-2016 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes was quoted in an article "Pouring Oil on Troubled Stock Markets", published by David Sheppard and Neil Hume in Financial Times on 27 January 2016. "People are seeing the impact of a massive oversupply of oil in the price and perceiving it as coming from the demand side, ” - K. Mohaddes The full text of the article can be found here

Comment on Effect of El Niño on CCTV by K. Mohaddes

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, was invited as a panelist on the programme The Heat: El Niño and its Global Effects broadcast on 21 January 2016 on CCTV America. To view the programme, please click here

EPRG Working Paper 1602

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): CK Chyong

Chi Kong Chyong and Roman Kazmin The Economics of Global LNG Trade: The Case of Atlantic and Pacific Inter-Basin Arbitrage in 2010-2014 Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1601

Categories: Featured Items, News, Working Papers 2016 ♦ Author(s): D. Newbery

David Newbery The long-Run Equilibrium Impact of Intermittent Renewables on Wholesale Electricity Prices Abstract | Non-Technical Summary | PDF

David MacKay Received Knighthood for His Work in Energy and Climate Change

Categories: Featured Items, News ♦ Author(s): D. MacKay

David MacKay, Regius Professor of Engineering, Cambridge University Engineering Department, lately Chief Scientific Advisor at DECC, and EPRG Associate Researcher, has been awarded a Knighthood in the 2016 New Year Honours List for "services to Scientific Advice in Government and Science Outreach". Congratulations to Professor MacKay! We at EPRG are very proud to count him as one of our Associate Researchers.

Comment on effects of El Niño on BBC by K. Mohaddes

Categories: Featured Items, News, Op-ed, Other Papers-2016 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, was interviewed by BBC World Service on 30 December 2015. The interview covered Dr. Mohaddes's recent research on El Niño and its economic effects around the world. The interview can be found here (5:36 min onwards)

EPRG Working Paper 1525

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): M. Pollitt, T.triebs

Thomas Triebs and Michael Pollitt The Direct Costs and Benefits of US Electric Utility Divestitures Abstract | Non-Technical Summary | PDF Note: This Working Paper replaces EPRG WP#1024

EPRG Working Paper 1524

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): CK Chyong

Chi Kong Chyong Markets and long-term contracts: The case of Russian gas supplies to Europe Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1523

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): P.holmberg

Pär Holmberg and Frank Wolak Electricity markets: Designing auctions where suppliers have uncertain costs Abstract | Non-Technical Summary | PDF

2015 EPRG Winter Seminar

Categories: Events, Featured Items, Winter Seminars ♦

EPRG is pleased to announce our successful 2015 Winter Seminar in partnership with NERA. On December 10, 2015 EPRG hosted delegates to a dinner at Christ's College, and on December 11, 2015 at Clare College for a full-day seminar. Programme SESSION 1: THE FUTURE OF OIL AND GAS IN EUROPE Chair: M. Schonborn (NERA) C.K. Chyong (EPRG) Markets and Long-Term Contracts: The Case of Russian Gas Supplies to Europe G.…

EPRG Working Paper 1522

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): D. Newbery, T.greve

David Newbery and Thomas Greve The robustness of industrial commodity oligopoly pricing strategies Abstract | Non-Technical Summary | PDF Note: This Working Paper replaces EPRG WP #1318 Also published as “The strategic robustness of oligopoly electricity market models”, Energy Economics, 68, 124-132 | Text

EPRG Working Paper 1521

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): P.holmberg

Edward Anderson and Pär Holmberg Price Instability in Multi-Unit Auctions Abstract | Non-Technical Summary | PDF

Article “Don’t Blame the Abundance of Oil” by K. Mohaddes

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, Lecturer and Fellow in Economics, Girton College, University of Cambridge, and EPRG Associate Researcher, wrote a blog "Don't Blame the Abundance of Oil" that was published in Huffington Post on 25 November 2015. The full text can be found here

EPRG Working Paper 1520

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): M. Pollitt

Michael Pollitt In Search of 'Good' Energy Policy: The Social Limits to Technological Solutions to Energy and Climate Problems Abstract | Non-Technical Summary | PDF

Comment “Response to CMA on Supplemental Remedies” by S. Littlechild

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): S. Littlechild

Stephen Littlechild and the other former energy regulators recently submitted their response to CMA on Supplemental Remedies. In their response they argue that prohibiting Standard Variable Tariffs would overrule customer preferences. It would be better to promote more competition for SVTs. They also propose an alternative way forward, to recognise that the extent of Ofgem’s post-2008 interventions make it difficult to make an informed judgement on whether other factors have…

Comment on effects of El Niño on CCTV America by K. Mohaddes

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes, EPRG Associate Researcher, was interviewed by CCTV America News Channel on El Niño's weather related impact on world business. His research on the topic was also mentioned in The Economist. To view the interview, please click here. To read the article, please click here.

EPRG Working Paper 1519

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): K. Anaya, M. Pollitt

M. Pollitt and K. Anaya Can current electricity markets cope with high shares of renewables? A comparison of approaches in Germany, the UK and the State of New York. Abstract | Non-Technical Summary | PDF Also published in The Energy Journal, 2016, under "Can current electricity markets cope with high shares of renewables? A comparison of approaches in Germany, the UK and the State of New York" | Text

EPRG Working Paper 1518

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): M.Bazilian

Morgan Bazilian and Debabrata Chattopadhyay Considering Power System Planning in Fragile and Conflict States Abstract | PDF

Report “Regulation of Retail Energy Markets in the UK and Australia” by S. Littlechild

Categories: Featured Items, News, Other Papers-2015 ♦ Author(s): S. Littlechild

Stephen Littlechild published a report "Regulation of Retail Energy Markets in the UK and Australia" in a weekly energy newsletter of Energy Supply Association of Australia (ESAA) on 15 October 2015. The full text of the report can be found here. You can also click here to read the introduction by Andrew Dillon, General Manager of Corporate Affairs, ESAA, which includes the link to the report at the end.

Presentation “The Energy Union and the Energiewende” by M. Pollitt

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "The Energy Union and the Energiewende" at Bruegel's 10th Anniversary Conference that took place at the Federal Ministry for Economic Affaires and Energy, Berlin, Germany, on 28 September 2015 | PDF

Presentation “How to Support Innovation in Network Industries: The Role of Regulators and Competition and the Case of Electricity” by M. Pollitt

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "How to Support Innovation in Network Industries: The Role of Regulators and Competition and the Case of Electricity" at 5th SEEK Conference in Mannheim, Germany on 9 October 2015 | PDF

Presentation “In Search of ‘Good’ Energy Policy: The Social Limits to Technological Solutions to Energy & Climate Problems” by M. Pollitt

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): M. Pollitt

Michael Pollitt gave an inaugural lecture "In Search of 'Good' Energy Policy: The Social Limits to Technological Solutions to Energy & Climate Problems" at Cambridge Judge Business School, on 7 October 2015 | PDF

Presentation “Stimulating Innovation in the Electricity Supply Industry” by D. Newbery

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): D. Newbery

David Newbery presented "Stimulating Innovation in the Electricity Supply Industry" at the European Energy Forum 2015 that took place in London on 5 October 2015 | PDF

Presentation “Energy and the Environment: What’s the Challenge?” by D. Newbery

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): D. Newbery

David Newbery gave a presentation "Energy and the Environment: What's the Challenge?" at British Academy debate in London on 22 September 2015 | PDF

Comment “Snakes and Ladders: price controls and markets. What might the CMA’s provisional findings mean for retail markets in utility services?” by S. Littlechild

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): S. Littlechild

Stephen Littlechild, Fellow at Judge Business School and EPRG Associate Researcher, addressed the Indepen Forum on 29 September 2015 which was on the theme"Snakes and Ladders: price controls and markets. What might the CMA’s provisional findings mean for retail markets in utility services?" The full text of his opening remarks can be found here.

EPRG Working Paper 1517

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): F. Roque, S. Phan

Sébastien Phan and Fabien Roques Is the Depressive Effect of Renewables on Power Prices Contagious? A Cross Border Econometric Analysis Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1516

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): D. Newbery

David Newbery Reforming UK Energy Policy to Live Within Its Means Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1515

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): D. Reiner, X. He

Xiaoping He and David Reiner Why Do More British Consumers Not Switch Energy Suppliers? The Role of Individual Attitudes Also published in Energy Journal, Volume 38 (6) Abstract | Non-Technical Summary | PDF

Op-ed “Nord Stream: The Sequel” by C.K. Chyong and D. Reiner

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong, D. Reiner

Chi Kong Chyong and David Reiner published an article "Nord Stream: The Sequel" on 12 August 2015 in EUobserver, an independent online newspaper covering EU affairs and based in Brussels. "The proposal to expand Nord Stream comes amid difficult negotiations on Turkish Stream, which, in December, replaced South Stream as the main transit proposal for Southern Europe and which is designed to further weaken Ukraine. Gazprom is in dire need…

EPRG Working Paper 1514

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): A.haney

Aoife Brophy Haney Managerial interpretation and innovation in response to climate change Also published (in modified form) in the Journal of Business Ethics Abstract | Non-Technical Summary | PDF

D. Reiner and C. K. Chyong quoted in “Nord Stream 2 Expansion to Face Political Hurdles”, Interfax Energy, 7 August 2015

Categories: Featured Items, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong, D. Reiner

David Reiner and Chi Kong Chyong were quoted in an article "Nord Stream 2 Expansion to Face Political Hurdles", published by Annemarie Botzki on Interfax Energy website on 7 August 2015. "Nord Stream 2 would be cheaper because it is closer to the new Russian production base in Yamal, which would lower the cost of shipping gas to northwestern Europe" - C. K. Chyong "The existing Nord Stream pipeline is operating at roughly…

Op-ed “Russia’s Gas Pipeline Strategy and Europe’s Alternatives” by C. K. Chyong

Categories: Featured Items, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong

Chi Kong Chyong published an article "Russia’s Gas Pipeline Strategy and Europe’s Alternatives" on EurActiv.com - the leading online media on EU affaires, on July 3, 2015. "Strained relationships between EU and Russia due to the Ukrainian conflict forced Gazprom, Russia’s state gas monopolist, to abandon the idea of controlling pipelines “from wellhead to burner tip”. Gazprom’s new grand vision in Europe is to build pipelines to the EU border and from there…

EPRG Working Paper 1513

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): K. Mohaddes

Amany El-Anshasy, Kamiar Mohaddes, and Jeffrey B. Nugent Oil, Volatility and Institutions: Cross-Country Evidence from Major Oil Producers Abstract | Non-Technical Summary | PDF

Comment on Catherine Waddams’s blog post: “A Regulator’s Price Comparison Website is Not Sensible” by S. Littlechild

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): S. Littlechild

Comment on Catherine Waddams’s blog post: "A Regulator’s Price Comparison Website is Not Sensible" by S. Littlechild - Full Text

Article “‘Goldilocks’ Energy Price Limit Doesn’t Bear Scrutiny” by S. Littlechild

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): S. Littlechild

Stephen Littlechild, Fellow at Judge Business School and EPRG Associate Researcher, published an article 'Goldilocks’ Energy Price Limit Doesn’t Bear Scrutiny in The Telegraph newspaper. "Two cheers for the Competition and Markets Authority’s provisional findings in its energy market investigation. The first is for its comprehensive assessment of which aspects are a problem and which aren’t. The second is for acknowledging that Ofgem’s retail market rules have softened competition between suppliers.…

EPRG/CEEPR Annual Conference with support of Shell, London, UK, 9 -10 July 2015

Categories: 2015, Annual International Conferences, Featured Items, News ♦

EPRG is pleased to announce our successful 2015 EPRG/CEEPR Annual Conference with support from Shell. The Conference took place at The Langham Hotel in London on 9 - 10 July and comprised of 1,5 day of sessions and dinner. PROGRAMME Thursday 9 July 2015 SESSION 1 - SETTING A FRAMEWORK FOR THE ENERGY TRANSITION Chaired by Suman Bery (Shell) Michael Mehling (MIT) - Setting a Framework for the Energy Transition: Envisioning a Global…

Book “Deconstructing Energy Law and Policy, The Case of Nuclear Energy” by R. Heffron

Categories: Books, Featured Items, News ♦ Author(s): R. Heffron

Raphael Heffron, Lecturer in Law at Leeds University and EPRG Associate, published his new book "Deconstructing Energy Law and Policy, The Case of Nuclear Energy". To order the book online, please click here

Presentation “Why ‘Good Energy Policy’ is Difficult? – Reflections on 5 Years in the DECC” by D. MacKay

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): D. MacKay

David MacKay, Professor of Engineering and EPRG Associate, gave a presentation "Why 'Good Energy Policy' is Difficult? - Reflections on 5 Years in the DECC" on 30 April 2015 at In Search of 'Good' Energy Policy meeting on the policy making process of Department of Energy and Climate Change based on his time at DECC | PDF

C.K. Chyong quoted in “Deeper Reforms Needed for Ukrainian Gas Market”, 12 June 2015

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong

C. K. Chyong was quoted in an article "Deeper reforms needed for Ukrainian gas market" published in ICIS website newsletter - the world largest petrochemical market information provider that covers Energy among other subjects. "The Ukraine’s new gas market law will have little impact on the transparency and efficiency of the country’s gas sector if it is not supported by substantial secondary legislation, experts agree. The Ukrainian parliament approved the…

Presentation “Energy Prices: Up or Down?” by M. Pollitt

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "Energy Prices: Up or Down?" at CUEN Annual Energy Conference in Cambridge on 11 June 2015 | PDF

Presentation “UK Energy Policy Before and After the 2015 General Election” by M. Pollitt

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "UK Energy Policy Before and After the 2015 General Election" at French Association of Energy Economists (FAEE) Conference, on 10 June 2015, Paris, France | PDF

EPRG Working Paper 1512

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): K. Mohaddes

Kamiar Mohaddes and M. Hashem Pesaran Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis Abstract | Non-technical Summary | PDF

2015 EPRG Spring Seminar

Categories: Events, Featured Items, Spring Seminars ♦

EPRG is pleased to announce our successful 2015 Spring Seminar in partnership with FTI Consulting and Compass Lexecon. On June 4, 2015 EPRG hosted delegates to a dinner at Newnham College, and on June 5, 2015 at The Moller Centre for a full-day seminar. Programme SESSION 1 – EU Energy Union – which way forward for the electricity Target Model? Chair: Boaz Moselle (FTI-CL Energy) David Newbery (EPRG) What future(s) for liberalized…

Article “Electrical Energy Storage – Economics and Challenges” by M. Pollitt and K. Anaya

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): K. Anaya, M. Pollitt

Michael Pollitt and Karim Anaya published an article Electrical Energy Storage - Economics and Challenges in Energy World Magazine in April 2015. The full text of the article can be found here.

EPRG Working Paper 1511

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): R. Ritz

Robert Ritz The Simple Economics of Asymmetric Cost Pass-Through Abstract | Non-technical Summary | PDF

Presentation “Progress with the UK Electricity Market Reform (EMR)” by M. Pollitt

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "Progress with the UK Electricity Market Reform (EMR)" in CEEP, Beijing Institute of Technology, China on 12 May 2015 | PDF

Comment: “UK Energy Policy after the 2015 General Election” by Michael Pollitt

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): M. Pollitt

Comment: "UK Energy Policy after the 2015 General Election" by Michael Pollitt - Full Text

Op-ed “Brussels Blames Gazprom for Its Own Failings” by Pierre Noel

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): P. Noel

Pierre Noel, senior fellow for Economic and Energy Security at the International Institute for Strategic Studies in Singapore and Associate Researcher at EPRG, published an article "Brussels Blames Gazprom for Its Own Failings" in Financial Times on 29 April 2015. "The Russian state-owed company stands accused of anti-competitive practices allowing it to charge "unfair prices" in several EU countries." "Gazprom benefits from poor market structures that generate only weak competition in the…

C.K. Chyong quoted in “EU Importing More Russian Gas Ahead Of Winter “, Montel, 16 April 2015

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong

Chi Kong Chyong was quoted in an article on Montel website - key information provider for the European energy markets in Norway, - on reasons behind increasing purchases of Russian gas by European Union. "European buyers are playing “intertemporal arbitrage” whereby they dry up gas in their storage facilities and re-inject them when Russian gas prices are lower in Q2 and Q3." The full article can be found here

C. K. Chyong quoted in “Never Ending Story Of Opportunities: Caspian Blue Energy Is Salvation For EU”, Eurasia Review, 20 April 2015

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong

Chi Kong Chyong was quoted in Eurasia Review, an independent on-line journal and think tank, on possibilities and challenges for Caspian countries, like Azerbaijan, Turkmenistan, Uzbekistan, and Iran, to be gas suppliers to the EU. The article also appeared in AzerNews and New Europe. "Azerbaijan is perhaps the only supplier in the region able to respond to the EU’s gas diversification strategy away from Russia." "Turkmenistan’s rich gas reserves are a logical source for European…

C.K. Chyong quoted in “Turkish Stream Project Success Promises Benefits, Profits To Many South-Eastern EU States”, PenzaNews, 10 April 2015

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong

Chi Kong Chyong was quoted in PenzaNews, an independent on-line news agency in Penza, Russia, on possible perspectives and benefits for Europe by using different gas suppliers, and on the outcomes if Turkish Stream is built in full. “Co-existence between the two (gas suppliers from Russia and Azerbaijan) is not an issue, at least for Europe as the clients of Russian and Azeri gas – the more competition between the suppliers, the better for…

Presentation “A Strategic Perspective On Competition In International Gas Markets” by R. Ritz

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation "A strategic perspective on competition in international gas markets” at Massachusetts Institute of Technology (MIT) on 10 April 2015 | PDF

EPRG Working Paper 1510

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): K. Anaya, M. Pollitt

Karim L. Anaya and Michael Pollitt Distributed Generation: Opportunities for Distribution Network Operators, Wider Society and Generators Abstract | Non-Technical Summary | PDF Also published in Energy Policy, 2017, under "Going smarter in the connection of distributed generation" | Text

EPRG Working Paper 1509

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): D. Tingle

David Tingle Bargaining Practice and Negotiation Failure in Russia-Ukraine Gas Relations Abstract | Non-Technical Summary | PDF

Presentation “The Impact Of Carbon Emissions Trading On Industries” by R. Ritz

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): R. Ritz

Robert Ritz presented "The impact of carbon emissions trading on industries" at Potsdam Institute for Climate Impact Research, CREW Symposium, on 23 March 2015 | PDF

Op-ed “Time for ‘tough love’ in EU-Ukraine energy relations” by C.K. Chyong and D. Reiner

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong, D. Reiner

CK Chyong and D. Reiner published an article "Time for 'tough love' in EU-Ukraine energy relations" in Europe's World policy journal. Published every 4 months, Europe’s World is the only independent Europe-wide policy journal, produced in association with some 150-plus leading European think tanks and academic institutions. "If the EU is too forgiving in its support for Ukraine’s pro-European government, that may hinder both EU and Ukrainian energy security objectives. …

Article “Power to the Poor” by M. Bazilian

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): M.Bazilian

Morgan Bazilian, Lead Energy Specialist at the World Bank and Associate Researcher at EPRG, published an article on world energy poverty in Foreign Affairs magazine. "Some two billion people lack electricity outright or have poor-quality service, and nearly three billion rely on dirty fuels, such as firewood and animal dung, for cooking and heating. Nearly 90 percent of those suffering from energy poverty, as the problem is known, can be found in South…

C.K. Chyong quoted in “How’s European Gas Race Going?”, AzerNews, 17 March 2015

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong

Chi Kong Chyong was quoted in AzerNews, daily newspaper in Azerbaijan, on his perception about different suppliers of gas to Europe, including Caspian Region, as a solution to EU energy problem due to the crisis in Ukraine. “The Turkish Stream is as about bypassing Ukraine as it is about foreclosing competition from Caspian gas, particular coming from Azerbaijan and potentially from Turkmenistan, Iran, Iraq and Eastern Mediterranean Sea – Turkish Stream is Russia’s policy…

Presentation “Prices and Trade In Global Gas & LNG Markets” by R. Ritz

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): R. Ritz

Robert Ritz gave a presentation Prices and Trade In Global Gas & LNG Markets during 'Invited Talk' session at ESCP European Business School, London Campus, on 10 February 2015 | PDF

EPRG Working Paper 1508

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): D. Newbery

David Newbery Missing Money and Missing Markets: Reliability, Capacity Auctions and Interconnectors. Previously published in February 2015 under the title Security of Supply, Capacity Auctions and Interconnectors. Updated July 2015 under a new title. Abstract | Non-Technical Summary | PDF Also published in Energy Policy, 94, 2016, 401–410 | Text

EPRG Working Paper 1507

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): T. Jamasb

Andrew Jobling and Tooraj Jamasb Price Volatility and Demand for Oil: A Comparative Analysis of Developed and Developing Countries. Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1506

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): T. Jamasb

Wenche Tobiasson, Christina Beestermöller, Tooraj Jamasb Public Engagement in Electricity Network Development: A Case Study of the Beauly–Denny Project in Scotland Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1505

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): R. Ritz

Robert Ritz Strategic Investment and International Spillovers in Natural Gas Markets Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1504

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): D. Newbery, G. Strbac, I. Viehoff

David Newbery, Goran Strbac and Ivan Viehoff The benefits of integrating European electricity markets Abstract | Non-Technical Summary | PDF Also published in Energy Policy 94, 2016, 253–263 | Text

Presentation “The Rise and Fall of South Stream and implications for a European Energy Union” by Chi Kong Chyong

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): CK Chyong

Chi Kong Chyong gave a presentation on "The Rise and Fall of South Stream and implications for a European Energy Union" at a conference "Energy Infrastructures: Towards The Creation Of A ‘European Energy Union’” organised by the Centre for Research on Energy and Environmental Economics and Policy, Bocconi University, Milan, Italy (12 February 2015) | PDF

Comment: “The GB 2014 capacity auction results” by David Newbery

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): D. Newbery

Comment: "The GB 2014 capacity auction results" by David Newbery - Full Text

EPRG Working Paper 1503

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): CK Chyong, D Hach, S Spinler

Daniel Hach, Chi Kong Chyong, Stefan Spinler Capacity market design options: a dynamic capacity investment model and a GB case study Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1502

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): J.stern

Jon Stern Past And Potential Roles Of Electricity System Operators: From Liberalisation To Climate Change Management In Britain Abstract | NTS | PDF

Presentation “Energy Prices: Is a Price Freeze a Sensible Way to Restore Trust in the Market?” by Michael Pollitt

Categories: Featured Items, News, Presentations 2015 ♦ Author(s): M. Pollitt

Michael Pollitt presented "Energy Prices: Is a Price Freeze a Sensible Way to Restore Trust in the Market?" at Cambridge Judge Business School's Business Briefing Meeting hosted by BNY Mellon, 29 January 2015, London | PDF

Op-ed “Does Russia’s Turkey pipeline make sense?” by Chi Kong Chyong

Categories: Featured Items, News, Op-ed, Other Papers-2015 ♦ Author(s): CK Chyong

Chi-Kong Chyong, a Research Associate at the Energy Policy Research Group (ERPG) investigates Russia’s recent abandonment of “South Stream” in favour of “Turkish Stream” and what this means to European energy market. Read the full article in the Brussels-based online EUobserver newspaper,

EPRG Working Paper 1501

Categories: Featured Items, News, Working Papers 2015 ♦ Author(s): M. Pollitt

Levi, P. and Pollitt, M. Cost trajectories of low carbon electricity generation technologies in the UK: A study of cost uncertainty Abstract | NTS | PDF Also published in Energy Policy, Volume 87, December 2015, Pages 48-59

EPRG Working Paper 1423

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): K. Anaya, M. Pollitt

Anaya, K. and Pollitt, M. Integrating Distributed Generation: Regulation and Trends in Three Leading Countries Abstract | NTS | PDF Also published in Energy Policy, 2015 | Text

EPRG Working Paper 1422

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): K. Anaya, M. Pollitt

Anaya, K. and Pollitt, M. The Role of Distribution Network Operators in Promoting Cost-Effective Distributed Generation: Lessons from the United States for Europe Abstract | NTS | PDF Also published in Renewable and Sustainable Energy Reviews, 2015 under "The role of distribution network operators in promoting cost-effective distributed generation: Lessons from the United States of America for Europe" | Text

Prof. Michael Pollitt – “Energy Prices: Is a Price Freeze a Sensible Way to Restore Trust in the Market?”, 18:30-20:30, 29 January, London

Categories: Events, Featured Items, News ♦ Author(s): M. Pollitt

Professor Michael Pollitt, EPRG, Cambridge Judge Business School Join Michael Pollitt, Professor of Business Economics at Cambridge Judge Business School & Assistant Director of EPRG, as he discusses the state of the energy market and how it has evolved over the last few years. Taking into account competitive market theory, Michael will consider the relationship between retail and wholesale markets, the likely consequences of a price freeze and what this…

Creation of a gas hub in Turkey for Gazprom deliveries to Europe may change the Europeans’ view of the country, as well as trigger the rise of energy bills

Categories: Featured Items, News, Other Papers-2015 ♦

Creation of a gas hub in Turkey for Gazprom deliveries to Europe may change the Europeans' view of the country, as well as trigger the rise of energy bills, the analysts of the Energy Policy Research Group (EPRG) at the University of Cambridge expressed their opinion to Sputnik Thursday

EPRG research on energy market regulation was singled out as one of the Cambridge University’s leading impact studies

Categories: Featured Items, News, Other Papers-2015 ♦

Research from Cambridge Judge Business School’s Dr Michael Pollitt and Dr Stephen Littlechild has been instrumental in developing a new system of regulation which encourages engagement with customers. Dr Pollitt and Dr Littlechild’s involvement provided credibility to Ofgem’s ‘very significant’ RPI‐[email protected] review of network prices. Energy network charges make up around 20 per cent of the total charges that a typical householder pays. Dr Pollitt and Dr Littlechild’s body of…

EPRG Working Paper 1421

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): D. Reiner

Guan, D., Reiner, D.M. and Liu, Z. China’s Road to a Global Scientific Powerhouse Abstract | PDF

EPRG Working Paper 1420

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): D. Newbery, G. Strbac

David Newbery and Goran Strbac What is the target battery cost at which Battery Electric Vehicles are socially cost competitive? Abstract | PDF Also published as ‘What is needed for Battery Electric Vehicles to become socially cost competitive?’ Economics of Transportation 5, 2016, 1–11 | Text

David Reiner quoted in NY Times article: Testing the Limits of European Ambitions on Emissions

Categories: Featured Items, News, Other Papers-2014 ♦ Author(s): D. Reiner

Testing the Limits of European Ambitions on Emissions Click here to read the full article

David Newbery’s presentation to the House of Lords Science and Technology Committee investigating The resilience of electricity infrastructure

Categories: Featured Items, News ♦ Author(s): D. Newbery

David Newbery Presentation to the House of Lords Science and Technology Committee investigating The resilience of electricity infrastructure

William Nuttall gives evidence to House of Lords S&T Select Committee

Categories: Featured Items, News ♦

William Nuttall

Barriers to the adoption of energy-saving technologies in the building sector: A survey study of Jing-jin-tang, China

Categories: Featured Items, News, Other Papers-2014 ♦

Ping Du, Li-Qun Zheng, Bai-Chen Xie, Arjun Mahalingam Barriers to the adoption of energy-saving technologies in the building sector: A survey study of Jing-jin-tang, China Available at Science Direct Here

EPRG Working Paper 1419

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): T. Jamasb

Shengbao Ji, Yin-Fang Zhang, Tooraj Jamasb Reform of the Coal Sector in an Open Economy: The Case of China Abstract | NTS | PDF

EPRG Working Paper 1418

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): M.ozawa

Marc Ozawa Trust and Norwegian-Russian Energy Relations Abstract | NTS | PDF

Environmental Challenges in Europe

Categories: Featured Items, News ♦

David Newbery Environmental Challenges in Europe IAEE 14th International Conference, Rome, 29 Oct 2014 | PDF

New EPRG Policy Brief on EU 2030 energy and climate proposals

Categories: Featured Items, News, Other Papers-2014 ♦

For full text of the EPRG Policy Brief: https://www.eprg.group.cam.ac.uk/wp-content/uploads/2014/10/EPRG-Policy-Brief-22-Oct-14.pdf ‘Nothing is being done’ to explicitly encourage emissions cut by China and America' 22 October 2014 The 2030 framework on climate change and energy policy being debated at a European Union summit this week has a “glaring omission” by failing to link EU policy to emissions reduction by China and the U.S., say energy academics at the University of Cambridge.…

EPRG Working Paper 1417

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): W. Nuttall

A. Haarscher, M. Bruner, J. Doblas, A. Fargere, S.F. Ashley, W.J. Nuttall The Japanese Electricity System 15 months After March 11th 2011 Abstract | NTS | PDF

EPRG Working Paper 1416

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): D. Reiner

Xiaoping He and David Reiner Electricity Demand and Basic Needs: Empirical Evidence from China’s Households Abstract | NTS | PDF

Labour Conference 2014 | Will a price freeze destroy the energy market?–Michael Pollitt

Categories: Featured Items, News ♦ Author(s): M. Pollitt

Michael Pollitt Labour Conference 2014 | Will a price freeze destroy the energy market?

Op-ed “Ukraine’s energy brinkmanship” by Chi Kong Chyong and Pierre Noël

Categories: Featured Items, News, Op-ed, Other Papers-2014 ♦ Author(s): CK Chyong, P. Noel

In the fog of its foreign-policy confrontation with Russia over Ukraine, the European Union seems unable to see its energy-security interests clearly or to act accordingly. Kiev has used the international crisis triggered by Russia’s actions in Crimea and eastern Ukraine to restructure the contracts with Moscow it signed in 2009. It wants a much lower price for its gas imports and the ability to swap gas with Gazprom’s clients…

The Regulaytor’s Tale

Categories: Featured Items, News ♦ Author(s): S. Littlechild

Stephen Littlechild The Regulaytor’s Tale Published in Cornwall Energy Energyspectrum, Issue 443 | 27 Sep 2014 | PDF

Opportunity–EPRG Research Assistant (Fixed Term)

Categories: Featured Items, News ♦

Please click here for the official announcement The Energy Policy Research Group (EPRG) wishes to appoint a Research Assistant to support the research on the EPSRC Autonomic Power System project. More details of the project can be found at: http://autonomicpowersystem.org.uk/ The successful applicant will work primarily on projects looking into two aspects of the future of electricity supply out to 2050. The first of these will involve undertaking a detailed…

EPRG Working Paper 1415

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): S. Littlechild

Stephen Littlechild Promoting or restricting competition?: Regulation of the UK retail residential energy market since 2008 Abstract | PDF

EPRG Working Paper 1414

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): P.holmberg

Pär Holmberg Pro-competitive rationing in multi-unit auctions Abstract | NTS | PDF

GB Energy Market Structure

Categories: Featured Items, News, Presentations 2014 ♦ Author(s): D. Newbery

David Newbery GB Energy Market Structure Presented at the DECC Workshop, London 4 Sep 2014| PDF

EPRG Working Paper 1413

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): T. Jamasb

Tooraj Jamasb and Rabindra Nepal Incentive Regulation and Utility Benchmarking for Electricity Network Security Abstract | NTS | PDF

EPRG Working Paper 1412

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): D. Newbery, M.grubb

David Newbery and Michael Grubb The Final Hurdle?: Security of supply, the Capacity Mechanism and the role of interconnectors Abstract | NTS | PDF Also published as ‘Security of Supply, the Role of Interconnectors and Option Values: insights from the GB Capacity Auction’, Economics of Energy & Environmental Policy, 4(2), 65- 81 | Text

EPRG Working Paper 1411

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): T. Jamasb

Wenche Tobiasson and Tooraj Jamasb Sustainable Electricity Grid Development and the Public: An Economic Approach Abstract | NTS | PDF

2014 EPRG/CEEPR Annual Conference, 2-3 July, Madrid

Categories: Events, Featured Items, News ♦

Available speaker presentations: Pre-session address by José María Marín-Quemada (Spanish National Authority for Markets and Competition) Session 1A: European Energy and Climate Outlook for 2030 by David Newbery, EPRG Session 1B: Is the EU-ETS Up to the Task? by Michael Mehling, MIT Session 2A: Hydraulic Fracturing: The US Experience and Implications for the Rest of the World by Chris Knittel, MIT Session 2B: Ukraine and Security of Gas Supplies to…

The Cost Effectiveness of Renewable Energy Support Schemes in the European Union

Categories: Featured Items, News, Other Papers-2014 ♦ Author(s): A.Mahalingam, D. Newbery, D. Reiner

David Newbery, David Reiner, and Arjun Mahalingham The Cost Effectiveness of Renewable Energy Support Schemes in the European Union Published at the International Association for Energy Economics, Third Quarter, 2014 pg. 21 | Click here for the link

EPRG Working Paper 1410

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): D. Reiner, Wp-2014

Xi Liang, Hengwei Liu, and David Reiner Strategies for Financing Large-scale Carbon Capture and Storage Power Plants in China Abstract | NTS | PDF

Presentation “Decarbonising the UK’s energy mix and meeting emission targets” by M. Pollitt

Categories: Featured Items, News, Presentations 2014 ♦ Author(s): M. Pollitt

Michael Pollitt gave a presentation "Decarbonising the UK’s energy mix and meeting emission targets" at the Implementing the Electricity Market Reform Delivery Plan, Westminster Forum, London, 10 July 2014 | PDF

Laura-Lucia Richter wins Student Poster Session prize at the IAEE International Conference in New York City 15-18 June 2014

Categories: Featured Items, News ♦

Laura-Lucia Richter wins Student Poster Session prize at the IAEE International Conference in New York City 15-18 June 2014. Click here to view poster

EPRG Working Paper 1409

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): M.ozawa

Marc Ozawa Trust and European-Russian Energy Cooperation: The Case of Oil and Gas Partnerships and Long-term Contracts Abstract | NTS | PDF

EPRG Working Paper 1408

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): M. Pollitt, Wp-2014

Musiliu O. Oseni and Michael Pollitt Institutional arrangements for the promotion of regional integration of electricity markets: International Experience Abstract | PDF

Ukraine and Security of Gas Supplies to Europe

Categories: Featured Items, News, Presentations 2014 ♦ Author(s): CK Chyong

Chi Kong Chyong Ukraine and Security of Gas Supplies to Europe Presented at the 2014 EPRG-CEEPR Annual Conference, Madrid 2 July 2014 | PDF

Report of the Panel of Technical Experts, of which David Newbery is a member

Categories: Featured Items, News, Other Papers-2014 ♦ Author(s): D. Newbery

Available here, you may also download the PDF

There is a problem in the UK’s energy market – but it’s the regulator’s fault–A.M. article by Stephen Littlechild

Categories: Featured Items, News, Other Papers-2014 ♦ Author(s): S. Littlechild

Stephen Littlechild There is a problem in the UK’s energy market – but it’s the regulator’s fault City A.M., 1 July 2014 | Article

Presentation “What future(s) for liberalized electricity markets?” by D. Newbery

Categories: Featured Items, News, Presentations 2014 ♦ Author(s): D. Newbery

David Newbery gave a presentation "What future(s) for liberalized electricity markets?" at the Energy Industry at a Crossroads, Toulouse 5th, June 2014 | PDF

Presentation “The European Utility Model for a low-carbon future” by D. Newbery

Categories: Featured Items, News, Presentations 2014 ♦ Author(s): D. Newbery

David Newbery gave a presentation "The European Utility Model for a low-carbon future" at the IAEE International Conference, New York 16th, June 2014 | PDF

IAEE New York Student Mentoring Event: David Newbery?

Categories: Featured Items, News ♦ Author(s): D. Newbery

Click here for PDF

EPRG Workshop on Distributed Generation and Smart Connections, 6 June, 2014

Categories: Featured Items, News ♦

EPRG Workshop on Distributed Generation and Smart Connections in partnership with UK Power Networks June 6 2014 The EPRG and UK Power Networks, our project partner in the Flexible Plug and Play (FPP) project, held a successful Workshop on Distributed Generation and Smart Connections at Memorial Court, Clare College, Cambridge, on the 6th of June 2014. The workshop was very well received by delegates from industry, government, local authorities and…

Presentation “Subsidies in the UK Electricity Sector until 2020” by D. Newbery

Categories: Featured Items, News, Presentations 2014 ♦ Author(s): D. Newbery, Presentations-2014

David Newbery presented "Subsidies in the UK Electricity Sector until 2020" in Cambridge, 7th February 2014 | PDF

Contracting with Government for low carbon technologies: Designing the Visible Hand

Categories: Featured Items, News, Presentations 2013 ♦ Author(s): D. Newbery

David Newbery Contracting with Government for low carbon technologies: Designing the Visible Hand Long-term contracting in electricity markets, University Paris-Dauphine, 18th December 2013 | PDF

Presenation “CERRE Regulation Dossier Energy & electricity” by D. Newbery

Categories: Featured Items, News, Presentations 2014 ♦ Author(s): D. Newbery, Presentations-2014

David Newbery presented CERRE Regulation Dossier Energy & electricity at a kick-off meeting for EC 2014-18, Brussels, 22 January 2014 | PDF

Presentation “Progress on market reform: EMR, the I-SEM and the TEM” by D. Newbery

Categories: Featured Items, News, Presentations 2014 ♦ Author(s): D. Newbery, Presentations-2014

David Newbery gave a presentation "Progress on Market Reform: EMR, the I-SEM and the TEM" at the Electricity Market Reform, Belfast 28th, March 2014 | PDF

Laura-Lucia Richter receives one-year Junior Fellowship Research Award from the Secretary General of the Royal Economic Society

Categories: Featured Items, News ♦

EPRG Working Paper 1407

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): R. Heffron, W. Nuttall, Wp-2014

Raphael J. Heffron and William J. Nuttall Scotland, Nuclear Energy Policy and Independence Abstract | NTS | PDF

RPI-X, competition as a rivalrous discovery process, and customer engagement

Categories: Featured Items, News, Other Papers-2014 ♦ Author(s): Op-2014, S. Littlechild

Stephen Littlechild RPI-X, competition as a rivalrous discovery process, and customer engagement Paper prepared for the Conference, The British Utility Regulation Model: Beyond Competition and Incentive Regulation?, LSE 31 March 2014| PDF

EPRG Working Paper 1406

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): S. Littlechild

Stephen Littlechild The competition assessment framework for the retail energy sector: some concerns about the proposed interpretation Abstract | PDF

Energy, Politics and the Consumer: British Academy, 3 April 2014

Categories: Featured Items, News ♦

As the national debate on fuel bills and living standards continues, the YouGov-Cambridge Programme launched a special report on 'Energy, Politics and the Consumer' with an evening event at the British Academy on Thursday 3rd April. The evening covered a range of subjects, including: the reputation of energy companies in the UK and how to enhance it; parallels with the banking crash and other sectors; the relationship of consumer attitudes…

Explanatory Statement on the Regulatory Conduct Authority’s Occasional Paper 1

Categories: Featured Items, Other Papers-2014 ♦ Author(s): S. Littlechild

There was a wide variety of responses to "Applying behavioural economics at the Regulatory Conduct Authority", Occasional Paper 1, published on 1 April 2014. These ranged from support for or concern about the RCA’s proposed policy, through the enigmatic “thank you, very interesting”, to “fantastic, brilliant”. But I suspect that a large number of readers were somewhat baffled. It therefore seems helpful to clarify the origin and possible implications of…

Sorry Ofgem: Why simpler energy tariffs are not in consumers’ interests–City A.M. article by Stephen Littlechild

Categories: Featured Items, News, Other Papers-2014 ♦ Author(s): S. Littlechild

click here to read the full article.

Professor Stephen Littlechild, EPRG Research Associate, contributes to the first working paper of the Regulatory Conduct Authority (RCA).

Categories: Featured Items, News, Other Papers-2014 ♦

Download PDF Here A rapidly growing literature on behavioural economics shows that some errors made by regulators are persistent and predictable. Behavioural economics uses insights from psychology to explain why regulators behave the way they do. Behavioural biases can cause regulators to misjudge important facts or to be inconsistent. Regulators left to themselves will often not work to reduce these mistakes, so supervision of regulation may be needed. Behavioural economics…

Presentation “LNG Pricing Worldwide and Gas Markets Reform” by C.K. Chyong

Categories: Featured Items, Presentations 2014 ♦ Author(s): CK Chyong, Presentations-2014

Chi Kong Chyong presented "LNG Pricing Worldwide and Gas Markets" to the Russia LNG Congress, 13-14 March, 2014 | PDF

EPRG Working Paper 1405

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): R. Nepal, T. Jamasb, Wp-2014

Tooraj Jamasb and Rabindra Nepal Issues and Options in the Economic Regulation of European Network Security Abstract | Non-Technical Summary | PDF

UK Renewables Demonstration Projects: Who Pulls the Plug?

Categories: Featured Items, Other Papers-2014 ♦ Author(s): J.stern, Op-2014

Jon Stern UK Renewables Demonstration Projects: Who Pulls the Plug? Letters & Notes On Regulation--Number 3.1 | Published February, 2014 | PDF |

EPRG Working Paper 1404

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): M. Pollitt, Wp-2014

Karim L. Anaya and Michael G. Pollitt Does Weather Have an Impact on Electricity Distribution Efficiency? Evidence from South America Abstract | Non-Technical Summary | PDF Also published in European Journal of Operational Research, 2017 under Using stochastic frontier analysis to measure the impact of weather on the efficiency of electricity distribution businesses in developing economies | Text

Trust and European-Russian Energy Relations – The Case of Oil and Gas Partnerships and Long Term Contracts

Categories: Featured Items, Other Papers-2014 ♦ Author(s): M.ozawa, Op-2014

Marc Ozawa Trust and European-Russian Energy Relations – The Case of Oil and Gas Partnerships and Long Term Contracts February, 2014 | PDF

Planetary Economics Book Launch, 10th March 2014,

Categories: Featured Items, News ♦

PLANETARY ECONOMICS Energy, Climate Change and the Three Domains of Sustainable Development By Michael Grubb Launch meeting on 10th March 2014, 6-7.30pm, Beves Room, Kings College, Cambridge Chair: Lord Martin Rees, former President, Royal Society and Master, Trinity College Cambridge Presentation: Michael Grubb Respondents: Sir David King (UK Foreign Secretary’s Special Representative on Climate Change and former UK government Chief Scientist) Professor David Newbery CBE, (former Director of Department of Applied…

DG COMP reviews the State Aid application by Hinkley Point C, Associate Research Richard Green provides the analytic underpinning

Categories: Featured Items, News, Other Papers-2014 ♦ Author(s): R.GREEN

DG COMP reviews the State Aid application by Hinkley Point C here and Associate Research Richard Green provides the analytic underpinning here

EPRG Working Paper 1403

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): M. Pollitt, Wp-2014

Jorge E. Galán and Michael G. Pollitt Inefficiency persistence and heterogeneity in Colombian electricity distribution utilities Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1402

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): R. Poudineh, T. Jamasb, Wp-2014

Rahmatallah Poudineh, Grigorios Emvalomatis, and Tooraj Jamasb Dynamic Efficiency and Incentive Regulation: An Application to Electricity Distribution Networks Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1401

Categories: Featured Items, News, Working Papers 2014 ♦ Author(s): P.holmberg

Pär Holmberg and Andy Philpott Supply function equilibria in transportation networks Abstract | Non-Technical Summary | PDF

EPRG-DG ENER Workshop 9-10 January, 2014

Categories: Featured Items, News ♦

DG ENER and EPRG collaborated on a join workshop that took place 9-10 January in Cambridge, United Kingdom. There was a dinner held at Clare College the evening of the 9th, including a key-note speech by Klaus-Dieter Borchardt (DG ENER, Director Unit B) and a full-day seminar at Memorial Court, Clare College on the 10th. The agenda for this workshop was Future European Electricity Policy: Fuller Details and included…

EPRG 1334

Categories: Featured Items, Working Papers 2013 ♦

Claire M. Weiller, Michael G. Pollitt Platform markets and energy services EPRG 1334 Abstract | Non-Technical Summary | PDF

EPRG 1333

Categories: Featured Items, Working Papers 2013 ♦

Nadia Chernenko Market power issues in the reformed Russian electricity supply industry Also published in Energy Economics, Volume 50, July 2015, pages 315-323 EPRG1333 Abstract | Non-Technical Summary | PDF

Annex E: EMR Panel of Technical Experts, Final Report for DECC

Categories: Featured Items ♦

Click here for a PDF version

EPRG 1332

Categories: Featured Items, Working Papers 2013 ♦ Author(s): WP-2013

Laura-Lucia Richter Social Effects in the Diffusion of Solar Photovoltaic Technology in the UK EPRG1332 Abstract | Non-Technical Summary | PDF

EPRG 1331

Categories: Featured Items, Working Papers 2013 ♦ Author(s): WP-2013

Rahmatallah Poudineh and Tooraj Jamasb Distributed Generation, Storage, Demand Response, and Energy Efficiency as Alternatives to Grid Capacity Enhancement EPRG 1331 Abstract | Non-Technical Summary | PDF

EPRG 1329

Categories: Featured Items, Working Papers 2013 ♦ Author(s): WP-2013

Jean-Michel Glachant and Arthur Henriot Melting-pots and salad bowls: the current debate on electricity market design for RES integration EPRG1329 Abstract | Non-Technical Summary | PDF

EPRG 1328

Categories: Featured Items, Working Papers 2013 ♦

Marta Rocha, Michelle Baddeley and Michael G. Pollitt Addressing self-disconnection among prepayment energy consumers: A behavioural approach EPRG1328 Abstract | Non-Technical Summary | PDF

EPRG 1327

Categories: Featured Items, Working Papers 2013 ♦ Author(s): CK Chyong, WP-2013

Musiliu O Oseni, Michael G Pollitt, David M Reiner, Laura-Lucia Richter, Chi Kong Chyong and Michelle Baddeley 2013 EPRG Public Opinion Survey: Smart Energy – Attitudes and Behaviours EPRG1327 Abstract | Non-Technical Summary | PDF

EPRG 1326

Categories: Featured Items, Working Papers 2013 ♦ Author(s): WP-2013

Musiliu O. Oseni, Michael G. Pollitt The Economic Costs of Unsupplied Electricity: Evidence from Backup Generation among African Firms EPRG1326 Abstract | Non-Technical Summary | PDF

EPRG 1325

Categories: Featured Items, Working Papers 2013 ♦ Author(s): M. Pollitt, T.greve, WP-2013

Thomas Greve and Michael G. Pollitt Determining the optimal length of regulatory guarantee: A Length-of-Contract Auction EPRG1325 Abstract | Non-Technical Summary | PDF

EPRG 1324

Categories: Featured Items, Working Papers 2013 ♦ Author(s): M. Pollitt, T.greve, WP-2013

Thomas Greve and Michael G. Pollitt Network Procurement Auctions EPRG1324 Abstract | Non-Technical Summary | PDF

EPRG 1323

Categories: Featured Items, Working Papers 2013 ♦ Author(s): R. Ritz, WP-2013

Robert W. Hahn and Robert A. Ritz Does the Social Cost of Carbon Matter?: An Assessment of U.S. Policy EPRG1323 Abstract | Non-Technical Summary | PDF

EPRG 1322

Categories: Featured Items, Working Papers 2013 ♦ Author(s): R. Nepal, T. Jamasb, WP-2013

Rabindra Nepal and Tooraj Jamasb Energy Efficiency in Market versus Planned Economies: Evidence from Transition Countries EPRG1322 Abstract | Non-Technical Summary | PDF

EPRG 1321

Categories: Featured Items, Working Papers 2013 ♦ Author(s): W. Nuttall, WP-2013

M.C. Grimston and W.J. Nuttall The Siting of UK Nuclear Power Installations EPRG 1321 Abstract | Non-Technical Summary | PDF

EPRG 1320

Categories: Featured Items, Working Papers 2013 ♦ Author(s): K. Anaya, M. Pollitt, WP-2013

Karim L. Anaya and Michael G. Pollitt Finding the Optimal Approach for Allocating and Realising Distribution System Capacity: Deciding between Interruptible Connections and Firm DG Connections EPRG1320 Abstract | Non-Technical Summary | PDF Also published in Applied Energy, 2015, under "Options for allocating and releasing distribution system capacity: Deciding between interruptible connections and firm DG connections" | Text

ENEL Foundation Press Release

Categories: Featured Items, News ♦

Press Release "The Energy Policy Research Group (EPRG), a joint research centre based in Cambridge Judge Business School and the Faculty of Economics at the University of Cambridge recently received £190,000 as a donation from the Enel Foundation to support a two-year research project on "Zero Subsidy Scenarios and International Natural Gas Markets". The project runs from the 1st of October 2013 until the 30th of September 2015. The overall…

EPRG 1319

Categories: Featured Items, Working Papers 2013 ♦ Author(s): N. Chernenko, WP-2013

Nadia Chernenko The Russian electricity supply industry: from reform to reform? EPRG1319 Abstract | Non-Technical Summary | PDF

EPRG 1318

Categories: Featured Items, Working Papers 2013 ♦

David M Newbery and Thomas Greve The strategic robustness of mark-up equilibria Note: This Working Paper has been superseded by EPRG WP #1522. Also published as “The strategic robustness of oligopoly electricity market models” Energy Economics 68 124–132 | Text