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 Continue Reading
Author Archives: EPRG Admin
2020 EPRG Online Spring Seminar
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… Continue Reading
Comment “Will COVID-19 and Cheap Oil Green Our Energy Future?” by W. J. Nuttall and A. T. Bakenne
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… Continue Reading
EPRG Working Paper 2007
Stuart Evans, Michael Mehling, Robert Ritz, Paul Sammon Border Carbon Adjustments and Industrial Competitiveness in a European Green Deal Abstract | Non-Technical Summary | Text Continue Reading
Comment “Net zero and future energy scenarios: A response to the National Infrastructure Commission’s report on future power systems” by 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 Continue Reading
Comment “Capacity Remuneration Mechanisms or Energy-Only Markets? The case of Belgium’s market reform plan” by 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 Continue Reading
EPRG Working Paper 2006
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 Continue Reading
K. Mohaddes quoted in Newsweek
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 Continue Reading
Protected: EPRG Spring Seminar 2020 – Registration Form
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EPRG Working Paper 2005
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… Continue Reading
EPRG Working Paper 2004
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 Continue Reading
S. Littlechild, “Economics All-Stars v. Rest of the World”, Inaugural Lecture, October 1973
An Inaugural Lecture “Economics All-Stars v. Rest of the World” delivered by Stephen Littlechild in the University of Aston in Birmingham on 25 October 1973 | PDF Continue Reading
S. Littlechild, “Change Rules, O.K.?” Inaugural Lecture, May 1977
An Inaugural Lecture “Change Rules, O.K.?” delivered by Stephen Littlechild in the University of Birmingham on 28 May 1977 | PDF Continue Reading
S. Littlechild, “Controlling the Nationalised Industries: Quis custodiet ipsos custodes?”, August 1979
“Controlling the Nationalised Industries: Quis custodiet ipsos custodes?” by Stephen Littlechild, Series B Discussion Paper #56, August 1979 | PDF Continue Reading
S. Littlechild, “Denationalisation: The Absence of Economic Analysis”, September 1981
“Denationalisation: The Absence of Economic Analysis” by S. Littlechild, published on 4 September 1981 | PDF Continue Reading
S. Littlechild, “Regulation of British Telecommunications’ Profitability”, February 1983
S. Littlechild’s report “Regulation of British Telecommunications’ Profitability” published in February 1983 | PDF Continue Reading
S. Littlechild, “Privatization: Principles, Problems and Priorities”, Lloyds Bank Review, July 1983
Article “Privatization: Principles, Problems and Priorities” by Michael Beesley and Stephen Littlechild, published in Lloyds Bank Review, #149, July 1983, pages 1-20 | PDF Continue Reading
S. Littlechild, “Privatisation and Monopoly Power”, November 1983
M. Beesley and S. Littlechild, report “Privatisation and Monopoly Power“, November 1983 | PDF Continue Reading
S. Littlechild, “Letter to the Editor”, Lloyds Bank Review, January 1984
Stephen Littlechild and Michael Beesley wrote a response to the letter from John Williamson re: the privatization of the state sector. It was published under Letter to the Editor in Lloyds Bank Review, #151, January 1984 | PDF Continue Reading
S. Littlechild, “Restructuring and Privatisation of the UK Electricity Supply Industry”, January 1984
Stephen Littlechild paper “Restructuring and Privatisation of the UK Electricity Supply Industry“, January 1984 | PDF Continue Reading
S. Littlechild, “Restructuring and Privatisation of the UK Electricity Supply Industry: the likely effects on efficiency”, May 1984
S. Littlechild, “Restructuring and Privatisation of the UK Electricity Supply Industry: the likely effects on efficiency“, 17 May 1984 | PDF Continue Reading
S. Littlechild, “Economic Regulation of Privatised Water Authorities”, 25 January 1986
Report “Economic Regulation of Privatised Water Authorities” by Stephen Littlechild was submitted and published by UK Department of Environment on 25 January 1986 | PDF Continue Reading
S. Littlechild, “Economic Regulation of Privatised Water Authorities and Some Further Reflections”, Summer 1988
Journal Article “Economic Regulation of Privatised Water Authorities and Some Further Reflections” by Stephen Littlechild was published in Oxford Review of Economic Policy, volume 4, #2, 1988 | PDF Continue Reading
EPRG Working Paper 2003
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 Continue Reading
Journal Article: Empirical Economics, Vol 57 (5), 2019
Kamiar Mohaddes and Mehdi Raissi The U.S. Oil Supply Revolution and the Global Economy Empirical Economics, November 2019, volume 57, issue 5, pages 1515–1546 Continue Reading
Journal Article: Energy Policy, Vol 132, 2019
Ramit Debnath, Ronita Bardhan, and Minna Sunikka-Blank How does slum rehabilitation influence appliance ownership? A structural model of non-income drivers Energy Policy, September 2019, volume 132, pages 418-428 Continue Reading
Journal Article: Energy Policy, Vol 133, 2019
David Newbery, Giorgio Castagneto Gissey, Bowei Guo, Paul Dodds The private and social value of British electrical interconnectors Energy Policy, October 2019, Volume 133, 110896 Continue Reading
Journal Article: Oxford Economic Papers, Issue July 2019
Geoffroy Dolphin, Michael Pollitt and David Newbery The Political Economy of Carbon Pricing Policies: A Panel Analysis Oxford Economic Papers, issue July 2019 Continue Reading
Journal Article: The Energy Journal, Vol 40, 2019
Juha Teirila and Robert Ritz Strategic behaviour in a capacity market? The new Irish electricity market design The Energy Journal, Volume 40, Special Issue The New Era of Energy Transition, pages 105-126 Continue Reading
Journal Article: International Journal of Greenhouse Gas Control, Vol 91, 2019
Matthias Schnellmann, Chi Kong Chyong, David Reiner, Stuart Scott Deploying gas power with CCS: The role of operational flexibility, merit order and the future energy system International Journal of Greenhouse Gas Control, December 2019, Volume 91, 102838 Continue Reading
Journal Article: Joule, Vol 3 (10), 2019
Ilkka Hannula and David Reiner Near-term potential of biofuels, electrofuels and battery electric vehicles in decarbonising road transport Joule, 16 October 2019, Volume 3, Issue 10, pages 2390-2402 Continue Reading
EPRG Working Paper 2002
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 Continue Reading
EPRG Working Paper 2001
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 Continue Reading
2019 EPRG Winter Seminar
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… Continue Reading
EPRG Working Paper 1937
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” Continue Reading
Sebastian Arroyo Klein
Visiting Researcher, Universidad de los Lagos, Puerto Montt, Chile Supervisor: Michael Pollitt Research interests: Future regulation of electricity distribution networks, technical integration of distributed energy resources and sustainable and green energy technologies Continue Reading
Article “Labour plan to renationalise the UK energy networks is a bad idea – business economist” by 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 Continue Reading
EPRG Working Paper 1936
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 Continue Reading
EPRG Working Paper 1935
Karsten Neuhoff and Robert A. Ritz Carbon cost pass-through in industrial sectors Abstract | Non-Technical Summary | PDF Continue Reading
Jun Xu
Research Visitor, China Institute of Regulation Research, Zhejiang University of Finance and Economics, China E-mail: [email protected] Supervisor: Michael Pollitt Research Interests: electricity markets, power industry regulation, electricity sector reform Continue Reading
K. Mohaddes quoted in Scientific American
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 Continue Reading
Cambridge Zero Initiative
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,… Continue Reading
Presentation “Financing low carbon energy infrastructure” by 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 Continue Reading
Sukhgeet Kaur
PhD Student, Department of Land Economy, University of Cambridge Email: [email protected] Supervisor: Shailaja Fennell Research Topic: Energy Water Nexus in Punjab agriculture Research Interests: Development economics, project appraisal, energy policy, agricultural pricing and marketing policies, trade strategy and industrial policy Biography: Sukhgeet Kaur is a PhD student in the Department of Land Economy at the University of Cambridge, having previously graduated with… Continue Reading
Protected: EPRG Winter Seminar 2019 – Registration Form
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EPRG Working Paper 1934
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 Continue Reading
EPRG Working Paper 1933
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 Continue Reading
S. Littlechild latest submission to NIC
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 Continue Reading
CERRE White Paper “Ambition for Europe 2024”
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 |… Continue Reading
Presentation “Capacity mechanisms and the technology mix in competitive electricity markets” by 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 Continue Reading