Author Archives: EPRG Admin

EPRG 1118

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Simon Taylor Can New Nuclear Power Plants be Project Financed? EPRG 1118  | Non-Technical Summary | PDF Abstract: This paper considers the prospects for financing a wave of new nuclear power plants (NPP) using project financing, which is used widely in large capital intensive infrastructure investments, including the power and gas sectors, but has not… Continue Reading

EPRG 1117

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Scott Kelly Do homes that are more energy efficient consume less energy?: A structural equation model for England’s residential sector EPRG 1117 | Non-Technical Summary | PDF Abstract: Energy consumption from the residential sector is a complex socio-technical problem that can be explained using a combination of physical, demographic and behavioural characteristics of a dwelling… Continue Reading

EPRG 1116

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Laura M. Platchkov and Michael G. Pollitt The Economics of Energy (and Electricity) Demand EPRG 1116  | Non-Technical Summary | PDF Abstract: Economic drivers, technologies and demand side management are keys in understanding the long-term trends of both energy and more specifically electricity consumption. This paper discusses some of the important economics foundations of energy… Continue Reading

EPRG 1115

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Chi Kong Chyong and Benjamin F. Hobbs Strategic Eurasian Natural Gas Model for Energy Security and Policy Analysis EPRG 1115 | Non-Technical Summary | PDF Abstract: The mathematical formulation of a large-scale equilibrium natural gas simulation model is presented. Although large-scale natural gas models have been developed and used for energy security and policy analysis… Continue Reading

EPRG 1114

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Rabindra Nepal and Tooraj Jamasb Reforming Small Power Systems Under Political Volatility: The Case of Nepal EPRG 1114  | Non-Technical Summary | PDF Abstract: This paper assesses the electricity sector reforms across small power systems while citing Nepal as an example. The on-going political instability and increasing electricity demand make power sector reform in Nepal… Continue Reading

EPRG 1113

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Cedric De Jonghe, Benjamin F. Hobbs and Ronnie Belmans Integrating Short-term Demand Response Into Long-Term Investment Planning EPRG 1113 | Non-Technical Summary | PDF Abstract: Planning models have been used for many years to optimize generation investments in electric power systems. More recently, these models have been extended in order to treat demand-side management on… Continue Reading

EPRG 1112

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Giorgia Oggioni and Yves Smeers Investment Equilibrium Models under Emission Regulation and Different Energy Price Regimes EPRG 1112 | Non-Technical Summary | PDF Abstract: We consider an electricity market with two consumer segments subject to different price regimes. We formulate the problem of operations and investment in this market as a spatial equilibrium model where… Continue Reading

EPRG 1111

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Jin Hooi Chan & David Reiner  Dynamics of Evolution in the Global Fuel-Ethanol Industry EPRG 1111 | Non-Technical Summary | PDF Abstract: We employ a value chain analysis approach to examine the forces shaping the industry structure, entry and inter-firm governance modes. Forty largest global and regional companies in the ethanol manufacturing stage have been… Continue Reading

EPRG 1110

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Siobhán McNamara and Michael Grubb The Psychological Underpinnings of the Consumer Role in Energy Demand and Carbon Abatement EPRG 1110 | Non-Technical Summary | PDF Abstract: While policy targeting carbon mitigation has become a priority, the consumer has been sidelined. Within the EU standards and a carbon is price at the industrial level dominate mitigation… Continue Reading

EPRG 1109

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Rabindra Nepal and Tooraj Jamasb Reforming the Power Sector in Transition: Do Institutions Matter? EPRG 1109 | Non-Technical Summary | PDF Abstract: This paper quantitatively explores high-level links between power sector reforms and wider institutional reforms in the economy for a set of 27 diverse countries in rapid political and economic transition since 1990. Panel-data econometrics… Continue Reading

EPRG 1108

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Philipp-Bastian Brutscher Payment Matters? – An Exploratory Study into Pre-Payment Electricity Metering EPRG 1108 | Non-Technical Summary | PDF Abstract: In this paper we look at the role of pre-payment (in the context of pre-payment metering) for household electricity consumption. Using a matching approach, we find that households paying their electricity up-front tend to consume more… Continue Reading

EPRG 1107

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Philipp Koenig Modelling Correlation in Carbon and Energy Markets EPRG 1107 | Non-Technical Summary | PDF Abstract: The paper examines correlations between daily returns of month-ahead baseload electricity, fuel input and carbon emission allowance (EU-ETS) prices for Great Britain. The perspective of a CCGT plant operator is assumed, producing baseload electricity with natural gas and emission… Continue Reading

EPRG 1106

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Philipp-Bastian Brutscher Liquidity Constraints and High Electricity Use EPRG 1106 | Non-Technical Summary | PDF Abstract: It is a well established fact that electricity use increases with income. What is less well known is that – despite the positive correlation between electricity use and income – a significant portion of low-income house-holds consume very large amounts… Continue Reading

EPRG 1105

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Stephen Littlechild The Process of Negotiating Settlements at FERC EPRG 1105 | Non-Technical Summary | PDF Abstract: Interstate gas pipelines and their customers presently settle about 90% of the rate cases set for hearing before the Federal Energy Regulatory Commission (FERC). This paper sets out the process by which this is achieved, illustrating with the… Continue Reading

EPRG 1104

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Tooraj Jamasb and Cristiano Marantes Electricity Distribution Networks: Investment and Regulation, and Uncertain Demand EPRG 1104 | Non-Technical Summary | PDF Abstract: Electricity distribution networks are capital intensive systems and timely investments are crucial for long-term reliability of their service. In coming years, in the UK, and elsewhere in Europe, many networks are in need of… Continue Reading

EPRG 1103

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Scott Kelly and Michael Pollitt The Local Dimension of Energy EPRG 1103 | Non-Technical Summary | PDF Abstract: In this paper, we postulate that some of the best opportunities for reducing energy demand and carbon emissions are through stronger involvement and leadership from local government. We show that local government can and do have a significant… Continue Reading

EPRG 1102

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Adriaan Hendrik van der Weijde and Benjamin F. Hobbs Planning electricity transmission to accommodate renewables: Using two-stage programming to evaluate flexibility and the cost of disregarding uncertainty EPRG 1102 | Non-Technical Summary | PDF Abstract: We develop a stochastic two-stage optimisation model that captures the multistage nature of electricity transmission planning under uncertainty and apply… Continue Reading

EPRG 1101

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Tooraj Jamasb and Helena Meier Energy Spending and Vulnerable Households EPRG 1101  | Non-Technical Summary | PDF Abstract: A sustainable energy policy needs to balance between the reduction of carbon emissions and protection of vulnerable households and avoid a widening of the existing “energy gap” among the consumers. This study investigates energy spending for different… Continue Reading

EPRG 1228

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K.A. Daniels, H.E. Huppert, J.A. Neufeld, D. Reiner The current state of CCS: Ongoing research at the University of Cambridge with application to the UK policy framework EPRG 1228 Abstract | Non-Technical Summary | PDF Continue Reading

Rosemary Ostfeld

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PhD Candidate, Judge Business School, University of Cambridge Email: [email protected] Supervisor:  David Howarth & David Reiner Research Topic: Biomass resource availability for biofuel production Research Interest: Agriculture, alternative fuels, water resources Continue Reading

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EPRG-DG ENER Workshop 9-10 January, 2014

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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. … Continue Reading

2013 EPRG Winter Seminar

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EPRG is pleased to announce our successful 2013 Winter Seminar with NERA Economic Consulting.  EPRG and NERA hosted delegates to a dinner at Christs College on the 12th of December followed by a full-day seminar at Memorial Court, Clare College. Programme   SESSION 1: AUCTIONS IN ENERGY POLICY Chair: David Newbery (EPRG) Michael Pollitt and Thomas… Continue Reading