The latest report, and the full set of publications since January 2021, can be found here
Author Archives: EPRG Admin
Bi-Weekly Energy & Environment (E&E) Seminars
The EPRG Energy & Environment (E&E) Seminar Series is a bi-weekly presentation relating to economic, social, and technological issues within the energy academic and industrial sectors. Our bi-weekly Energy and Environment Seminars give our research team the opportunity for constructive feedback on their current work and promote multidisciplinary dialogue on issues of relevance to our… Continue Reading
We are looking to hire a new Research Associate at EPRG in Economics and Policy of Industrial Decarbonisation (2-year full-time from 1 Jan 2024 or ASAP). Closing date is 9 October.
For details on the role and to apply please go to: https://www.jobs.cam.ac.uk/job/42737/ Continue Reading
EPRG, CEEPR & CERRE European Energy Policy Conference Brussels, 7-8 September 2023
EPRG is pleased to announce our successful 2023 EPRG, CEEPR & CERRE European Energy Policy Conference. This year, the conference was held in strategic partnership with RWE. It took place at Sparks Building, Rue Ravenstein 60, in Brussels, Belgium, on 7 – 8 September 2023 and comprised of 1.5 days of sessions and dinner. PROGRAMME Thursday 7 September Welcome Bruno Liebhaberg (CERRE),… Continue Reading
Kamiar Mohaddes’ co-authored article “Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness” just published in Management Science, has recently been covered in the FT, Bloomberg and Reuters.
Many argue that climate-related risks will only materialise many decades from now, but using AI to construct climate smart sovereign credit ratings we show climate-driven downgrades within this decade. The FT press coverage can be viewed here The Bloomberg press coverage can be viewed here The Reuters press coverage can be viewed here The original… Continue Reading
Kamiar Mohaddes’ co-authored article “Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis” was recently covered in the FT (in their Special Report Business School Insights)
Prevailing economic research anticipates the burden of climate change falling on hot or poor nations. Some predict that cooler or wealthier economies will be unaffected or even see benefits from higher temperatures. However, our study shows that virtually all countries – whether rich or poor, hot or cold – will suffer economically if the current… Continue Reading
Stephen Littlechild (EPRG) submitted a response to Ofgem’s consultation on its further work programme, focusing on financial resilience requirements and the price cap.
Please click here to read the response. Continue Reading
Stephen Littlechild (EPRG) has just updated the scores in his Overall Customer Satisfaction league for UK retail energy suppliers.
The latest report, and the full set of publications since January 2021, can be found here Continue Reading
EPRG Working Paper 2319
David Newbery High renewable electricity penetration:marginal curtailment and market failure under“subsidy-free” entry Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2318
Michael G. Pollitt Locational Marginal Prices (LMPs) for Electricity in Europe? The Untold Story Abstract | Non-Technical Summary | Text Continue Reading
Report “Social media enables people-centric climate action in the hard-to-decarbonise building sector” by R. Debnath, K. Mohaddes et al
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 Continue Reading
Article “COP must reverse rising pessimism over building sector decarbonisation”by R. Debnath, K. Mohaddes et al
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 Continue Reading
EPRG Working Paper 2220
Zeenat Hameed, Michael Pollitt, Paul Kattuman, Chresten Træholt Frequency markets and the problem of predictability Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2219
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 Continue Reading
EPRG Working Paper 2218
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 Continue Reading
2022 EPRG Winter Seminar
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… Continue Reading
Book Review by: Stephen 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”. Continue Reading
IAEE award for Stephen 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 Continue Reading
EPRG Working Paper 2217
Jim Krane Net Zero Saudi Arabia: How Green Can the Oil Kingdom Get? Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2216
Paul Simshauser The 2022 Energy Crisis: horizontal and vertical impacts of policy interventions in Australia’s National Electricity Market Abstract | Non-Technical Summary | Text Continue Reading
Protected: EPRG Winter Seminar 2022
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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.
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 Continue Reading
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.
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. Continue Reading
EPRG Working Paper 2215
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 Continue Reading
EPRG Working Paper 2214
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 Continue Reading
Report “The Active Distribution System Operator (DSO)”
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 Continue Reading
CEEPR & EPRG European Energy Policy Conference
Brussels, 1-2 September 2022
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… Continue Reading
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:
https://www.jobs.cam.ac.uk/job/36959/ Continue Reading
“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
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 Continue Reading
“The Energy Market in Time of War” by Michael G. 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 Continue Reading
EPRG Working Paper 2213
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 Continue Reading
EPRG is pleased to announce our successful 2022 EPRG & CEEPR International Energy Policy Conference “Strategies for 2050 Carbon Neutrality in East Asia” Seoul, 2022
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… Continue Reading
Report “Retail Energy Markets Under Stress” by 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 Continue Reading
EPRG Working Paper 2212
Karsten Neuhoff Defining gas price limits and gas saving targets for a large-scale gas supply interruption Abstract | Non-Technical Summary | Text Continue Reading
David Newbery awarded the honorary title of Doctor by Dauphine – PSL
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… Continue Reading
Presentation “The Green Economy and the Path to Net Zero: Implications for Productivity Measurement” by 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… Continue Reading
Journal Article “Linking executive compensation to climate performance”, California Management Review, Volume 64, May 2022
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 Continue Reading
Journal Article “Global carbon price asymmetry”, Journal of Environmental Economics and Management, Vol. 114, July 2022
Robert A. Ritz Global carbon price asymmetry Journal of Environmental Economics and Management, Vol. 114, July 2022 Also Published as EPRG WP 2116 Continue Reading
EPRG Working Paper 2211
Robert A. Ritz Carbon pricing and industrial competitiveness: Border adjustment or free allocation? Abstract | Non-Technical Summary | Text Continue Reading
2022 EPRG Spring Seminar
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… Continue Reading
EPRG Working Paper 2210
Paul Simshauser On dividends and market valuations of Australia’s listed electricity utilities: regulated vs. merchant Abstract | Non – Technical Summary | Text Continue Reading
EPRG Working Paper 2209
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 Continue Reading
Speech in honour of Friedrich Hayek by S. Littlechild
Stephen Littlechild’s speech in honour of Friedrich Hayek at the Austrian Embassy, London, 23 March 2022 | PDF Continue Reading
Article “Cold and wet hits US states harder in some sectors” with 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 Continue Reading
Blog “Accelerating Africa’s green economy transition”, by V. Ajayi
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 Continue Reading
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
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 Continue Reading
Journal Article “The Cost of Carbon Leakage: Britain’s Carbon Price Support and Cross-border Electricity Trade”, The Energy Journal, Vol. 44, 2022
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 Continue Reading
Journal Article “State-level electricity generation efficiency: Do restructuring and regulatory institutions matter in the US?”, Energy Economics, Vol. 104, December 2021
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 Continue Reading
Blog: “Energy Transition Policy in Sub-Saharan Africa: Using Ghana as a case study” with 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… Continue Reading
Op-ed “Russian gas will fund Putin’s war on Ukraine no matter what decisions Europeans might take” by CK Kong
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 Continue Reading