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
Author Archives: EPRG Admin
EPRG Working Paper 1401
Pär Holmberg and Andy Philpott Supply function equilibria in transportation networks Continue Reading
Thomas Greve
Research Associate, Judge Business School, University of Cambridge Email: [email protected] 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
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
EP 77
Eric van Damme Liberalising the Dutch Electricity Market: 1998-2004 EP 77 | Non-Technical Summary | PDF Continue Reading
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
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
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
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
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
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
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
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
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
Financing nuclear power
John Parsons Financing nuclear power EPRG Winter Research Seminar, Cambridge: Presented 9 December 2005 | Download PDF Continue Reading
Developments in the safety regulation of nuclear
Roger Kemp Developments in the safety regulation of nuclear EPRG Winter Research Seminar, Cambridge Presented 9 December 2005 | Download PDF Continue Reading
Michael Pollitt Does environment matter for distribution system performance? EPRG Winter Research Seminar, Cambridge Presented 9 December 2005 | Download PDF Continue Reading
Energy technology learning curves
Tooraj Jamasb Energy technology learning curves EPRG Winter Research Seminar, Cambridge Presented 9 December 2005 | Download PDF Continue Reading
Long term supply of gas ‐ LNG vs. Russian gas?
Christian von Hirschhausen Long term supply of gas ‐ LNG vs. Russian gas? EPRG Winter Research Seminar, Cambridge Presented 9 December 2005 | Download PDF Continue Reading
Presentation “Spot Trade or Long Term Contracting ‐ a Strategic Perspective” by K. Neuhoff
Karsten Neuhoff gave a presentation “Spot trade or long term contracting ‐ a strategic perspective” during EPRG Winter Research Seminar, held in Cambridge on 9 December 2005 | PDF Continue Reading
Presentation “Allocation Matters – So What Can We Do About It? Strategies For The Electricity Sector 2008-2012” by K. Neuhoff
Karsten Neuhoff gave a presentation “Allocation matters – So what can we do about it? Strategies for the electricity sector 2008-2012“ that was commissioned by Climate Strategies and The Carbon Trust, London, on November 2005 | PDF Continue Reading
Presentation “What Was the Impact On Efficiency Of The US Distribution Company Merger Wave?” by M. Pollitt
Michael Pollitt gave a presentation “What was the impact on efficiency of the US distribution company merger wave?” during EPRG Spring Research Seminar, Cambridge, on 6 May 2005 Continue Reading
Presentation “User-Determined Transmission Expansion In Argentina” by S. Littlechild
Stephen Littlechild gave a presentation “User-determined transmission expansion in Argentina“ at EPRG Spring Research Seminar in Cambridge on 6 May 2005 Continue Reading
Presentation “Absolute Or Intensity-Based Caps: What Difference Does It Make?” by D. Ellerman
Denny Ellerman gave a presentation “Absolute or intensity-based caps: What difference does it make?” at EPRG Spring Research Seminar, Cambridge, on 6 May 2005 Continue Reading
Presentation “SESSA Project; Main Findings” by JM Glachant
Jean-Michel Glachant gave a presentation “SESSA Project; Main Findings” during EPRG Spring Research Seminar, in Cambridge, on 6 May 2005 Continue Reading
Presentation “The Electricity Markets In Germany And The Netherlands: What Is Happening?” by G. Brunekreeft
Gert Brunekreeft gave a presentation “The electricity markets in Germany and the Netherlands: what is happening?” during EPRG Spring Research Seminar, in Cambridge, on 6 May 2005 Continue Reading
Presentation “System Integration Of Wind” by K. Neuhoff
Karsten Neuhoff gave a presentation “System integration of wind” during EPRG Spring Research Seminar, in Cambridge, on 6 May 2005 Continue Reading
Presentation “Non-CO2 Benefits Of Renewables” by P. Twomey
Paul Twomey gave a presentation “Non-CO2 benefits of renewables” at EPRG Spring Research Seminar held in Cambridge on 6 May 2005 Continue Reading
Presentation “Network Pricing For Distributed Generation” by D. Newbery
David Newbery gave a presentation “Network pricing for distributed generation” during EPRG Spring Research Seminar, held in Cambridge on 6 May 2005 Continue Reading
Presentation “How Much Does It Cost To Get It Wrong?” by R. Green
Richard Green gave a presentation “How much does it cost to get it wrong?” during EPRG Spring Research Seminar, held in Cambridge on 6 May 2005 Continue Reading
Protecting customers or suppliers?:
Stephen Littlechild Protecting customers or suppliers?: A response to Ofgem’s consultation on its Retail Market Review – Updated domestic proposals 21 December, 2012 | PDF Continue Reading
International Benchmarking of Electricity Transmission by Regulators: Theory and Practice
Aoife Brophy Haney and Michael G. Pollitt International Benchmarking of Electricity Transmission by Regulators: Theory and Practice CRNI Annual Conference , 30 November, 2012 | PDF Continue Reading
Electricity Market Reform: Will it work and if so how?
Michael Pollitt Electricity Market Reform: Will it work and if so how? Beesley Lecture, 8 November, 2012 | Presentation | Lecture Continue Reading
Hype or Hope? Shale Gas and UK Energy Policy
Pierre Noel Hype or Hope? Shale Gas and UK Energy Policy Policy Exchange, 6 March 2012 | Continue Reading
Lord Howell in conversation with Dr Pierre Noël on UK energy policy
Pierre Noel Lord Howell in conversation with Dr Pierre Noël on UK energy policy Filmed at the Institution of Mechanical Engineers on 18 October 2012 | Continue Reading
Energy Markets–the short and the long term
Christof Ruhl, Chief Economist, BP Energy markets–the short and the long term BIEE, September, 2012 | PDF Continue Reading
Driving Towards 2020: Will the EU targets be achieved and what are the longer term prospects?
Michael Pollitt Driving Towards 2020: Will the EU targets be achieved and what are the longer term prospects? CEFD Conference, London 13 March 2012 | PDF Continue Reading
Conceptualising Energy Security
Christian Winzer Conceptualising Energy Security DECC Seminar, 7 March 2012 | PDF Continue Reading
Import Dependence and supply security: The UK gas security policy debate
Pierre Noel Import Dependence and supply security: The UK gas security policy debate The Global Gas Challenge Seminar, London, 28 February 2012 | PDF Continue Reading
Energy Prices: The Only Way is Up?
Michael Pollitt Energy Prices: The Only Way is Up? Oxford and Cambridge Club, London, 23 February 2012 | PDF Continue Reading
Energy Policy: How much it costs you and what you get for your money
Michael Pollitt Energy Policy: How much it costs you and what you get for your money U3A, Cambridge15 February 2012 | PDF Continue Reading
European Gas Markets: Globalisation; Commoditisation; Demand Destruction
Pierre Noel European Gas Markets: Globalisation; Commoditisation; Demand Destruction GDF Suez, Brussels 8 February 2012 | PDF Continue Reading
Energy Liberalisation in Historical Context
Michael Pollitt Energy Liberalisation in Historical Context Spanish Association of Energy Economists, Pamplona, 27 January 2012 | PDF Continue Reading
The Golden Age of Gas in Europe…is probably behind us
Pierre Noel The Golden Age of Gas in Europe…is probably behind us Gas to Power Forum 2012, Berlin Presented 24 January 2012 | Download PDF Continue Reading
Are current power markets proof checked for the 2020 challenges?
David Newbery Are current power markets proof checked for the 2020 challenges? Eurelectric: Which Market Design for the Future? Conference, Brussels Presented 12 January 2012 | Download PDF Continue Reading
Future of Electricity Demand: Customers, Citizens and Loads Panel Discussion
Tooraj Jamasb and Michael Pollitt Future of Electricity Demand: Customers, Citizens and Loads Panel Discussion DECC, London Presented 18 January 2012 | Download PDF Continue Reading
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