Maria Heinrich, Karsten Neuhoff Choosing to save EPRG 0630 Non-Technical Summary | PDF Abstract: Various barriers for the uptake of energy-efficiency measures in the domestic sector have been identified. Projects try to quantify the effect of individual barriers like transaction costs, information lack, access to technologies or convenience. We propose to use the ‘consumer choice… Continue Reading
Author Archives: Heather Stallard
EPRG 0629
Joseph Doucet, Stephen Littlechild Negotiated Settlements and the National Energy Board in Canada EPRG 0629 Non-Technical Summary | PDF Abstract: Recent research suggests the widespread use and innovative nature of negotiated settlements in public utility regulation, particularly at FERC and in Florida. Such settlements began to emerge in the Canadian oil and gas pipeline sector… Continue Reading
EPRG 0628
Richard Gilbert, David Newbery Electricity Merger Policy in the Shadow of Regulation EPRG 0628 Non-Technical Summary | PDF Also published in: “Antitrust and Regulation in the EU and US: Legal and Economic Perspectives”, ed. P. Leveque and H Shelanski, Edward Elgar 2010 Abstract: Electricity mergers pose distinctive challenges for competition policy – in market definition… Continue Reading
EPRG 0627
Karsten Neuhoff — Where can international cooperation support domestic climate policy? EPRG 0627 Non-Technical Summary | PDF Abstract: A move to a low Carbon economy involves (1) internalisation of CO2 externalities, (2) advancement of technologies and (3) removal of barriers and evolution of institutions. National governments that want to realise these goals can choose from… Continue Reading
EPRG 0626
Fabien Roques, David Newbery, William Nuttall Fuel mix diversification incentives in liberalised electricity markets: a Mean-Variance Portfolio Theory Approach EPRG 0626 Non-Technical Summary | PDF Also published in: Energy Economics 30 (4) 2008, 1831-1849. Available at: ScienceDirect Abstract: The risks and returns associated with different choices of electricity generation technology cannot properly be considered in… Continue Reading
EPRG 0625
Roland Ismer, Karsten Neuhoff Commitments through Financial Options: A Way to Facilitate Compliance with Climate Change Obligations EPRG 0625 Non-Technical Summary | PDF Also published in: Grubb, M. and Neuhoff, K. (2006), “Allocation and Competitiveness in the EU Emissions Trading Scheme: Policy Overview”, Climate Policy 6(1) Abstract: Governments willing to commit themselves to maintain carbon prices at… Continue Reading
EPRG 0624
David Newbery Power Reform, Private Investment and Regional Co-operation EPRG 0624 Non-Technical Summary | PDF Also published in: Newbery, D.M. (2007) ‘Power sector reform, private investment and regional co-operation’ chapter 6 in South Asia – Regional Integration and Growth, Washington, D.C.: World Bank Report 37858-SAS, pp 107-28, McMillan Press, India Abstract: Modern infrastructure, particularly electricity,… Continue Reading
EPRG 0623
David Bonilla Energy Prices, Production and the Adoption of Cogeneration in the UK and the Netherlands EPRG 0623 Non-Technical Summary | PDF Abstract: Whenever industrial plants consume power and heat there is a need to consider energy efficiency investment on a cogeneration (CHP) plant. We investigate economic incentives influencing the adoption of energy saving technology… Continue Reading
EPRG 0622
Michael Grubb, Karsten Neuhoff Allocation and Competitiveness in the EU Emissions Trading Scheme: Policy Overview EPRG 0622 Non-Technical Summary | PDF Also published in: Grubb, Michael & Neuhoff, Karsten (2006). “Allocation and Competitiveness in the EU Emissions Trading Scheme: Policy Overview”, Climate Policy, Volume 6, Issue 1, 2006. pages 7-30 Abstract: The European emissions trading… Continue Reading
EPRG 0621
Cameron Hepburn, Michael Grubb, Karsten Neuhoff, Felix Matthes, Maximilien Tse Auctioning of EU ETS Phase II allowances: how and why? EPRG 0621 Non-Technical Summary | PDF Also published in: Hepburn, C., Grubb, M., Neuhoff, K., Matthes, F. and Tse, M. (2006), “Auctioning of EU ETS Phase II Allowances: How and Why?”, Climate Policy 6(1) Abstract: The European Directive… Continue Reading
EPRG 0620
Angus Johnston Free allocation of allowances under the EU Emissions Trading System – legal issues EPRG 0620 Non-Technical Summary | PDF Also published in: Johnston, Angus (2006) “Free allocation of allowances under the EU Emissions Trading System – legal issues”, Climate Policy. Volume: 6, Issue: 1, Pages: 115-136 Abstract: This paper provides a legal analysis… Continue Reading
EPRG 0619
Fabien Roques, William Nuttall, David Newbery Using Probabilistic Analysis to Value Power Generation Investments Under Uncertainty EPRG 0619 Non-Technical Summary | PDF Abstract: This paper reviews the limits of the traditional ‘levelised cost’ approach to properly take into account risks and uncertainties when valuing different power generation technologies. We introduce a probabilistic valuation model of… Continue Reading
EPRG 0618
Karsten Neuhoff, Kim Keats, Misato Sato Allocation, Incentives and Distortions: The Impact of EU ETS Emissions Allowance Allocations to the Electricity Sector EPRG 0618 Non-Technical Summary | PDF Also published in: Neuhoff, K. “Allocation, Incentives and Distortions: The Impact of EU ETS Emissions Allowance Allocations to the Electricity Sector”, Climate Policy Vol 6 Issue 1… Continue Reading
EPRG 0617
Jos Sijm, Karsten Neuhoff, Yihsu Chen CO2 Cost Pass Through and Windfall Profits in the Power Sector EPRG 0617 Non-Technical Summary | PDF Also published in: Sijm, J., Neuhoff, K. and Chen, Y. (2006) “CO2 Cost Pass Through and Windfall Profits in the Power Sector”, Climate Policy 6(1) Abstract: In order to cover their CO2… Continue Reading
EPRG 0616
Fabien Roques Price Cap Regulation and Investment Incentives Under Demand Uncertainty EPRG 0616 Non-Technical Summary | PDF Abstract: We study the e¤ect of price cap regulation on investment in new capacity in an oligopolistic (Cournot) industry, using a continuous time model with stochastic demand. A price cap has two mutually competing e¤ects on investment under… Continue Reading
EPRG 0615
Stephen Littlechild Stipulations, the Consumer Advocate and Utility Regulation in Florida EPRG 0615 Non-Technical Summary | PDF Also published in: Littlechild, Stephen (2009) “Stipulated settlements, the consumer advocate and utility regulation in Florida,” Journal of Regulatory Economics, Springer, vol. 35(1), pages 96-109, February Abstract: Relatively little is known about the practice of settlement rather than… Continue Reading
EPRG 0614
Stephan Alberth, Chris Hope Policy Implications of Stochastic Learning using a Modified PAGE2002 Model EPRG 0614 Non-Technical Summary | PDF Abstract: We consider the importance of Endogenous Technical Change (ETC) on the risk profiles for different abatement strategies using the PAGE2002 model with ETC. Three outcomes from this modelling research have significant impacts on the… Continue Reading
EPRG 0613
Stephan Alberth, Chris Hope Developing the PAGE2002 Model with Endogenous Technical Change EPRG 0613 Non-Technical Summary | PDF Abstract: Presented research demonstrates the inclusion of endogenous technical change into the PAGE2002 integrated assessment model of climate change. The ‘experience curve’ or learning-by-doing concept, made popular by the Boston Consulting Group during the 1960′s provides a… Continue Reading
EPRG 0612
William Nuttall Nuclear Renaissance Requires Nuclear Enlightenment EPRG 0612 Non Technical Summary | PDF Also published in: Nuclear or Not? Does Nuclear Power Have a Place in a Sustainable Energy Future? (2007) Editor D. Elliot, Palgrave and Macmillan, ISBN 978-0-230-50764-7 us.macmillan.com/nuclearornot Nuttall, WJ and Taylor, S. “Financing the Nuclear Renaissance”, European Review of Energy Markets, 3 (2)… Continue Reading
EPRG 0611
David Newbery The Relationship Between Regulation and Competition Policy for Network Utilities EPRG 0611 Non-Technical Summary | PDF Abstract: One of the central questions facing the regulatory and competition authorities is whether to delegate the regulation of the potentially competitive elements of the utility to specialised regulatory agencies, or whether they should be solely subject… Continue Reading
EPRG 0610
Anne Neumann, Christian Von Hirschhausen Long-Term Contracts and Asset Specificity Revisited – An Empirical Analysis of Producer-Importer Relations in the Natural Gas Industry EPRG 0610 Non-Technical Summary | PDF Abstract: In this paper, we analyze structural changes in long-term contracts in the international trade of natural gas. Using a unique data set of 262 long-term… Continue Reading
EPRG 0609
Richard Green, Arturo Lorenzoni, Yannick Perez, Michael Pollitt Benchmarking Electricity Liberalisation in Europe EPRG 0609 Non-Technical Summary | PDF Abstract: In this paper, we discuss the choice and use of benchmarks in each of five areas relevant to an assessment of the progress of EU electricity sector liberalisation. These areas are market design, market power,… Continue Reading
EPRG 0608
Tooraj Jamasb Technical Change Theory and Learning Curves: Patterns of Progress in Energy Technologies EPRG 0608 Non-Technical Summary | PDF Also published in: Jamasb, Tooraj. (2007) “Technical Change Theory and Learning Curves: Patterns of Progress in Electricity Generation Technologies”. Energy Journal, Vol. 28, No. 3. , pp. 51-71 Abstract: Better understanding of the role of… Continue Reading
EPRG 0607
David Reiner From Public Understanding to Public Policy: Public Views on Energy, Technology & Climate Science in the United States EPRG 0607 Non-Technical Summary | PDF Also published in: Reiner, David. “From public understanding to public policy: public views on energy, technology and climate science in the United States” chapter in “Driving Climate Change: cutting… Continue Reading
EPRG 0606
Karsten Neuhoff, Rick Sellers Mainstreaming New Renewable Energy Technologies: Enhancing Market Learning EPRG 0606 Non-Technical Summary | PDF Abstract: This paper outlines the benefits, obstacles and options for governments to support international markets for technology development. International markets for new energy technologies offer greater scope, thereby increasing the incentives and opportunities for technology improvements. As… Continue Reading
EPRG 0605
Jean-Michel Glachant, Francois Leveque Electricity Internal Market in the European Union: What to do next? EPRG 0605 Non-Technical Summary | PDF Abstract: Like in the US, the EU “internal electricity market” remains unfinished and its construction can stall, fracturing into “national blocks” separated by permanent “border effects”. This is exactly what this paper seeks to… Continue Reading
EPRG 0604
Joseph Doucet, Stephen Littlechild Negotiated Settlements: The development of economic and legal thinking EPRG 0604 Non-Technical Summary | PDF Abstract: Negotiated settlements are a form of regulation of public utilities that is alternative or complementary to the conventional process of litigation. The Federal Power Commission pioneered the use of settlements in the early 1960s as… Continue Reading
EPRG 0603
Karsten Neuhoff, Andreas Ehrenmann, Lucy Butler, Jim Cust, Harriet Hoexter, Kim Keats, Adam Kreczko, Graham Sinden Space and Time: Wind in an Investment Planning Model EPRG 0603 Non-Technical Summary | PDF Abstract: Investment planning models inform investment decisions and government policies. Current models do not capture the intermittent nature of renewable energy sources, restricting the… Continue Reading
EPRG 0602
Xinmin Hu, Daniel Ralph Using EPECs to Model Bilevel Games in Restructured Electricity Markets with Locational Prices EPRG 0602 Non-Technical Summary | PDF Abstract: We study a bilevel noncooperative game-theoretic model of restructured electricity markets, with locational marginal prices. Each player faces a bilevel optimization problem that we remodel as a mathematical program with equilibrium… Continue Reading
EPRG 0601
Louis Coulomb, Karsten Neuhoff Learning Curves and Changing Product Attributes: the Case of Wind Turbines EPRG 0601 Non-Technical Summary | PDF Abstract: The heuristic concept of learning curves describes cost reductions as a function of cumulative production. A study of the Liberty shipbuilders suggested that product quality and production scale are other relevant factors that… Continue Reading
EPRG 0731
William Nuttall, Devon Manz A New Energy Security Paradigm for the Twenty-First Century EPRG 0731 Non-Technical Summary | PDF Also published in: Technological Forecasting and Social Change 75(8) 2008, 1247-1259. Available at ScienceDirect Abstract: This paper considers three timescales facing energy policy makers: the timescale of technological innovation, the timescale of fossil fuel resource depletion… Continue Reading
EPRG 0730
James Cust, Anoop Singh, Karsten Neuhoff Rural Electrification in India: Economic and Institutional aspects of Renewables EPRG 0730 Non-Technical Summary | PDF Also published in: Singh, A, Neuhoff, K, & Cust, J. (2007). Rural electrification in india : Economic and institutional aspects of renewables. World, (December) Abstract: The paper assesses the demand for rural electricity… Continue Reading
EPRG 0729
Stephen Littlechild, Eduardo Ponzano Transmission expansion in Argentina 5: the Regional Electricity Forum of Buenos Aires Province EPRG 0729 Non-Technical Summary | PDF Also published in: Littlechild, S. and Ponzano, E. (2008), “Transmission Expansion in Argentina 5: the Regional Electricity Forum of Buenos Aires province”, Energy Economics 30(4) Abstract: This paper supplements analyses of Argentine… Continue Reading
EPRG 0728
Xi Liang, David Reiner, Jon Gibbins, Jia Li Financing Capture Ready Coal-Fired Power Plants in China by Issuing Capture Options EPRG 0728 Non-Technical Summary | PDF Also published in: Liang, X., Reiner, D., Gibbins, J. and Li, J. (2010) “Getting ready for carbon capture and storage by issuing capture options.” Environment and Planning A, 42(6):… Continue Reading
EPRG 0727
Tao Zhang, William J Nuttall An Agent Based Simulation of Smart Metering Technology Adoption EPRG 0727 Non-Technical Summary | PDF Abstract: Based on the classic behavioural theory “the Theory of Planned Behaviour”, we develop an agent-based model to simulate the diffusion of smart metering technology in the electricity market. We simulate the emergent adoption of… Continue Reading
EPRG 0726
Fabien Roques Technology Choices for New Entrants in Liberalised Markets: The Value of Operating Flexibility and Contractual Arrangements EPRG 0726 Non-Technical Summary | PDF Abstract: New entrants in liberalised electricity markets which are not vertically integrated and do not operate a large and diversified portfolio of generation technologies are likely to favour technologies which offer… Continue Reading
EPRG 0725
Michael Pollitt Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market EPRG 0725 Non-Technical Summary | PDF Also published in: Pollitt, Michael, (2009). “Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market,” Utilities Policy, Elsevier, vol. 17(1), pages 13-23, March Abstract: This paper discusses the… Continue Reading
EPRG 0724
Michael Pollitt Liberalisation and Regulation in Electricity Systems: How can we get the balance right? EPRG 0724 Non-Technical Summary | PDF Also published in: Pollitt, M, “Liberalisation and Regulation in Electricity Systems: How can we get the balance right?” Chapter in “Competitive Electricity Markets: Design, Implementation, Performance A Volume in the Elsevier Global Energy Policy… Continue Reading
EPRG 0723
Tooraj Jamasb, Jonathan Koehler Learning Curves for Energy Technology and Policy Analysis: A Critical Assessment EPRG 0723 Non-Technical Summary | PDF Abstract: In this paper, which forms a chapter in the forthcoming Book “Delivering a Low Carbon Electricity System: Technologies, Economics and Policy”†, Jamasb and Kohler revisit the literature on learning curves and their application… Continue Reading
EPRG 0722
Michael Grubb, David Newbery Pricing Carbon for Electricity Generation: National and International Dimensions EPRG 0722 Non-Technical Summary | PDF Abstract: In this paper, which forms a chapter in the forthcoming Book “Delivering a Low Carbon Electricity System: Technologies, Economics and Policy”2, Grubb and Newbery examine how carbon for electricity generation should be priced. They begin… Continue Reading
EPRG 0721
Michael Pollitt, Janusz Bialek Electricity Network Investment and Regulation for a Low Carbon Future EPRG 0721 Non-Technical Summary | PDF Also published in: Pollit, M. and Bialek, J. W. (2008) ‘Electricity network investment and regulation for a low-carbon future.’, in Delivering a low-carbon electricity system : technologies, economics and policy. Cambridge: Cambridge University Press, pp.… Continue Reading
EPRG 0720
Chris Hope, David Newbery Calculating the Social Cost of Carbon EPRG 0720 Non-Technical Summary | PDF Abstract: The paper1 discusses the determination of the social cost of carbon (SCC) using the PAGE2002 model used in the Stern Review. The SCC depends sensitively on assumptions about future economic development, the range and likelihood of economic and… Continue Reading
EPRG 0719
Jinye Z Schulkin, Benjamin F Hobbs, Jong-Shi Pang Long-Run Equilibrium Modeling of Alternative Emissions Allowance Allocation Systems in Electric Power Markets EPRG 0719 Non-Technical Summary | PDF Abstract: A question in the design of carbon dioxide trading systems is how allowances are to be initially allocated: by auction, by giving away fixed amounts, or by… Continue Reading
EPRG 0718
Tooraj Jamasb, Michael Pollitt Reference Models and Incentive Regulation of Electricity Distribution Networks: An Evaluation of Sweden’s Network Performance Assessment Model (NPAM) EPRG 0718 Non-Technical Summary | PDF Also published in: Jamasb, T & Pollitt, M (2007) “Reference Models and Incentive Regulation of Electricity Distribution Networks : An Evaluation of Sweden’s Network Performance Assessment Model… Continue Reading
EPRG 0717
Hongliang Yang, Michael Pollitt Distinguishing Weak and Strong Disposability among Undesirable Outputs in DEA: The Example of the Environmental Efficiency of Chinese Coal-Fired Power Plants EPRG 0717 Non-Technical Summary | PDF Also published in: Yang, Hongliang & Pollitt, M (2010), “Distinguishing Weak and Strong Disposability among Undesirable Outputs in DEA: The Example of the Environmental… Continue Reading
EPRG 0716
Hongliang Yang, Michael Pollitt Incorporating Undesirable Outputs into Malmquist TFP Index: Environmental Performance Growth of Chinese Coal-Fired Power Plants EPRG 0716 Non-Technical Summary | PDF Also published in: Yang, H. and Pollitt, M. (2012), ‘Incorporating undesirable outputs into Malmquist TFP indices with an unbalanced data panel of Chinese power plants’, Applied Economics Letters, Vol.19, Issue… Continue Reading
EPRG 0715
Stephen Littlechild Municipal aggregation and retail competition in the Ohio energy sector EPRG 0715 Non-Technical Summary | PDF Also published in: Littlechild, S. (2008), “Municipal aggregation and retail competition in the Ohio energy sector”, Journal of Regulatory Economics 34(2) Abstract: Ohio allows communities to vote to aggregate the loads of individual consumers (unless they opt… Continue Reading
EPRG 0714
Michael Pollitt The arguments for and against ownership unbundling of energy transmission networks EPRG 0714 Non-Technical Summary | PDF Also published in: Pollitt, M., (2008), “The Arguments for and Against Ownership Unbundling of Energy Transmission Networks”, Energy Policy 36(2) Abstract: The question this paper addresses is: what is the evidence for the superiority of the… Continue Reading
EPRG 0713
William Yu, Tooraj Jamasb, Michael Pollitt Incorporating the Price of Quality in Efficiency Analysis: the Case of Electricity Distribution Regulation in the UK EPRG 0713 Non-Technical Summary | PDF Also published in: Yu, W., Jamasb, T. and Pollitt, M. (2009), “Willingness-to-Pay for Quality of Service: An Application to Efficiency Analysis of the UK Electricity Distribution… Continue Reading
EPRG 0712
Hongliang Yang, Michael Pollitt Incorporating both Undesirable Outputs and Uncontrollable Variables into DEA: the performance of Chinese Coal-Fired Power Plants EPRG 0712 Non-Technical Summary | PDF Also published in: Yang, Hongliang & Pollitt, Michael, (2009), “Incorporating both undesirable outputs and uncontrollable variables into DEA: The performance of Chinese coal-fired power plants,” European Journal of Operational… Continue Reading