Author Archives: EPRG Admin

EPRG 0503

Gert Brunekreeft, David Newbery Should Merchant Transmission Investment be Subject to a Must-offer Provision? EPRG 0503  | Non-Technical Summary | PDF Abstract: Merchant electricity transmission investment is a practically relevant example of an unregulated investment with monopoly properties. However, while leaving the investment decision to the market, the regulator may decide to prohibit capacity withholding… Continue Reading

Arjun Mahalingam

Graduate Student in Finance and Economics, Department of Finance, The London School of Economics and Political Science Email: [email protected] Research Interests: Energy economics and finance, Agent-based modelling, Financial economics, Systemic Risk Background: Upon graduating at TU Delft in Sustainable Energy Technology with highest honours, Arjun joined EPRG to work on energy economics and policy. At… Continue Reading

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EPRG 0502

Tooraj Jamasb, Michael Pollitt Deregulation and R&D in Network Industries: The Case of the Electricity Industry EPRG 0502  | Non-Technical Summary | PDF Abstract: Electricity reform has coincided with a significant decline in energy R&D activities. Technical progress is crucial for tackling many energy and environmental issues as well as for long-term efficiency improvement. This… Continue Reading

EPRG 0501

Paul Twomey, Karsten Neuhoff Market Power and Technological Bias: The Case of Electricity Generation EPRG 0501 | Non-Technical Summary | PDF Abstract: It is difficult to eliminate all market power in electricity markets and it is therefore frequently suggested that some market power should be tolerated: extra revenues contribute to fixed cost recovery, facilitate investment… Continue Reading

EP 78

Paul Joskow Patterns of Transmission Investment EP 78  | Non-Technical Summary | PDF Abstract: This paper examines a number of issues associated with alternative analytical approaches for evaluating investments in electricity transmission infrastructure, and institutional arrangements to govern network operation, maintenance and investment. The relationships between transmission investments driven by opportunities to reduce congestion and… Continue Reading

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EP 77

Eric van Damme Liberalising the Dutch Electricity Market: 1998-2004 EP 77  | Non-Technical Summary | PDF Continue Reading

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EP 76

Nils-Henrik von der Fehr, Eirik Amundsen, Lars Bergman The Nordic Market: Signs of Stress? EP 76  | Non-Technical Summary | PDF Abstract: The supply shock that hit the Nordic electricity market in 2002-2003 put the market to a severe test. A sharp reduction in inflow to hydro reservoirs during the normally wet months of late… Continue Reading

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EP 75

Jean-Michel Glachant, Dominique Finon A Competitive Fringe in the Shadow of a State Owned Incumbent: The Case of France EP 75  | Non-Technical Summary | PDF Abstract: We examine what kind of competitive fringe has been built in France around the State owned incumbent without destroying it or significantly weakening its dominant position; what impacts… Continue Reading

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EP 74

Michael Grubb, Lucy Butler, Graham Sinden Diversity and Security in UK Electricity Generation: The Influence of Low Carbon Objectives EP 74  | Non-Technical Summary | PDF Continue Reading

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EP 73

Benjamin Hobbs, Fieke Rijkers The More Cooperation, the More Competition? A Cournot Analysis of the Benefits of Electric Market Coupling EP 73  | Non-Technical Summary | PDF Abstract: Market coupling in Belgian and Dutch markets would permit more efficient use of intercountry transmission, 1) by counting only net flows against transmission limits, 2) by improving… Continue Reading

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EP 72

David Newbery Why tax energy? Towards a more rational policy EP 72  | Non-Technical Summary | PDF Abstract: The same fuels are taxed at widely different rates in different countries while different fuels are taxed at widely different rates within and across countries. Coal, oil and gas are all used to generate electricity, but are… Continue Reading

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EP 71

Paul Twomey, Richard Green, Karsten Neuhoff, David Newbery A Review of the Monitoring of Market Power: The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems EP 71  | Non-Technical Summary | PDF   Abstract: The paper surveys the literature and publicly available information on market power monitoring in electricity… Continue Reading

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EP 70

Lucy Butler, Karsten Neuhoff Comparison of Feed in Tariff, Quota and Auction Mechanisms to Support Wind Power Development EP 70  | Non-Technical Summary | PDF Abstract: A comparison of policy instruments employed to support onshore wind projects suggests that in terms of capacity installed, policies adopted in Germany have been more effective than those adopted… Continue Reading

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EP 69

Claude Crampes, Natalia Fabra The Spanish Electricity Industry: Plus ça change… EP 69  | Non-Technical Summary | PDF Abstract: In this paper we describe the Spanish electricity industry and its current regulatory regime. Special emphasis is given to the description and discussion of market design issues (including stranded cost recovery), the evolution of market structure,… Continue Reading

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EP 68

Gert Brunekreeft, Sven Twelemann Regulation, Competition and Investment in the German Electricity Market: RegTP or REGTP EP 68  | Non-Technical Summary | PDF Abstract: The German energy industries will be subjected to regulation of network access enforced by a sector-specific regulator. Whereas the gas industry broke the regime of negotiated third party access, in electricity… Continue Reading

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Michael Pollitt Does environment matter for distribution system performance? EPRG Winter Research Seminar, Cambridge Presented 9 December 2005 | Download PDF Continue Reading

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Global Trends in Electricity Transmission System Operation: Where does the future lie?

Mallika Chawla and Michael Pollitt Global Trends in Electricity Transmission System Operation: Where does the future lie?  | PDF Abstract: Unbundling of the Electricity Supply Industry (ESI) has resulted in establishment of different arrangements of electricity transmission system operation. While there is a significant move away from the traditional vertically integrated utility arrangement, it remains to… Continue Reading

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