Jean Michel Glachant, Marcelo Saguan An Institutional Frame to Compare Alternative Market Designs in EU Electricity Balancing EPRG 0711 Non-Technical Summary | PDF Abstract: The so-called “electricity wholesale market” is, in fact, a sequence of several markets. The chain is closed with a provision for “balancing,” in which energy from all wholesale markets is balanced… Continue Reading
Author Archives: Heather Stallard
EPRG 0710
Laurent Pouret, William Nuttall Can Nuclear Power be Flexible? EPRG 0710 Non-Technical Summary | PDF Related paper: Laurent Pouret, Nigel Buttery and William Nuttall, Is Nuclear Power Inflexible?, Nuclear Future, 5, (6) pp. 333-341 and pp. 343-344. Available at Nuclear Future Abstract: This paper raises the issue of whether nuclear power can play a flexible… Continue Reading
EPRG 0709
Alexandre Bredimas, William Nuttall A Comparison of International Regulatory Organizations and Licensing Procedures for New Nuclear Power Plants EPRG 0709 Non-Technical Summary | PDF Also published in: Nuttall, W.J. and Bredimas, A. (2008),”A Comparison of International Regulatory Organizations and Licensing Procedures for New Nuclear Power Plants”, Energy Policy, Volume 36, Issue 4, April, Pages 1344–1354… Continue Reading
EPRG 0708
John Kwoka, Michael Pollitt Industry Restructuring, Mergers and Efficiency: Evidence from Electric Power EPRG 0708 Non-Technical Summary | PDF Also published in: Kwoka, J. and Pollitt, M. (2010) “Do mergers improve efficiency? Evidence from restructuring the US electric power sector”, International Journal of Industrial Organisation, Vol.28 (6): pp.645-656 Abstract: This paper analyses the performance impact… Continue Reading
EPRG 0707
Angus Johnston, Amalia Kavali, Karsten Neuhoff Take-or-pay contracts for Renewables Deployment EPRG 0707 Non-Technical Summary | PDF Also published in: Johnston, A., Kavalia, A. and Neuhoff, K. (2008), “Take or Pay Contracts for Renewables Deployment”, Energy Policy 36(7) Abstract: Renewables require support policies to deliver the European 20% target. We discuss the requirements for least… Continue Reading
EPRG 0706
David Reiner 2006 EPRG Public Opinion Survey on Energy Security: Policy Preferences and Personal Behaviour EPRG 0706 Non-Technical Summary | PDF Abstract: A representative sample of over 1000 UK residents was surveyed for their views on issues ranging from the future of the electricity supply to their current purchasing decisions. Both environment and fuel prices… Continue Reading
EPRG 0705
Stephen Littlechild The bird in hand: stipulated settlements and electricity regulation in Florida EPRG 0705 Non-Technical Summary | PDF Also published in: Littlechild, Stephen (2009), “The Bird in Hand : stipulated settlements and electricity regulation in Florida”, Utilities Policy, Volume 17, Issues 3–4, September–December, Pages 276-287 Abstract: In the last two decades many major regulatory… Continue Reading
EPRG 0704
Misato Sato, Michael Grubb, Jim Cust, Katie Chan, Anna Korppoo, Pablo Ceppi Differentiation and Dynamics of Competitiveness Impacts from the EU ETS EPRG 0704 Non-Technical Summary | PDF Also published in: Sato, M. Grubb, M, Cust, J., Chan, K., Korppoo, A., Ceppi, P. (2007). “Differentiation and dynamics of EU ETS competitiveness impacts” Climate Strategies Abstract:… Continue Reading
EPRG 0703
Stephan Alberth Forecasting technology costs via the Learning Curve – Myth or Magic? EPRG 0703 Non-Technical Summary | PDF Abstract: To further our understanding of the effectiveness of learning or experience curves to forecast technology costs, a statistical analysis using historical data has been carried out. Three hypotheses have been tested using available data sets… Continue Reading
EPRG 0702
Karsten Neuhoff, Jim Cust, Kim Keats Implications of intermittency and transmission constraints for renewables deployment EPRG 0702 Non-Technical Summary | PDF Abstract: We represent hourly, regional wind data and transmission constraints in an investment planning model calibrated to the UK and test sensitivities of least cost expansions to fuel and technology prices. Thus we can… Continue Reading
EPRG 0701
Tooraj Jamasb, Michael Pollitt Incentive Regulation of Electricity Distribution Networks: Lessons of Experience from Britain EPRG 0701 Non-Technical Summary | PDF Also published in: Jamasb, T. and Pollitt, M. (2007), “Incentive Regulation of Electricity Distribution Networks: Lessons of Experience from Britain”, Energy Policy 35(12) Abstract: This paper reviews the recent experience of the UK electricity… Continue Reading
Technology policy to support the development of low‐C technologies
Karsten Neuhoff Technology policy to support the development of low‐C technologies CAM/MIT International Conference, London Presented 27 September 2007 | Download PDF Continue Reading
EPRG 0829
Pär Holmberg, David Newbery and Daniel Ralph Supply Function Equilibria: Step functions and continuous representations EPRG 0829 Non-Technical Summary | PDF Also published in: Holmberg, P,Newbery D & Ralph, D, “Supply Function Equilibria: Step functions and continuous representations”, Journal of Economic Theory, Volume 148, pp 1509-1551 | Text Abstract: In most wholesale electricity markets generators… Continue Reading
The view from China
Chen Wenying The view from China EPRG Winter Research Seminar, Cambridge Presented 12 December 2008 | Download PDF Continue Reading
EPRG 0828
Xi Liang, David Reiner and Karsten Neuhoff Current Legal and Institutional Frameworks for Investing in Lower Carbon Electricity in China EPRG 0828 Non-Technical Summary | PDF Abstract: The economic and policy framework for investment decisions in the power generation sector in China are investigated. Our analysis combines a review of the existing legal framework with… Continue Reading
EPRG 0827
William Yu, Tooraj Jamasb, Michael Pollitt Does Weather Explain the Cost and Quality? An Analysis of UK Electricity Distribution Companies EPRG 0827 Non-Technical Summary | PDF Also published in: Yu, W., Jamasb, T. and Pollitt, M. (2009), “Does Weather Explain the Cost and Quality Performance? An Analysis of UK Electricity Distribution Companies”, Energy Policy 37(11)… Continue Reading
EPRG 0826
Dominique Finon, Fabien Roques Financing arrangements and industrial organisation for new nuclear build in electricity markets EPRG 0826 Non-Technical Summary | PDF Also published in: D. Finon & F. Roques, (2008). “Financing Arrangements and Industrial Organisation for New Nuclear Build in Electricity Markets,” Competition and Regulation in Network Industries, Intersentia, vol. 9(3), pages 247-282, September Abstract:… Continue Reading
EPRG 0825
Maike Sippel, Karsten Neuhoff Lessons from conditionality provision for south-north cooperation on climate change EPRG 0825 Non-Technical Summary | PDF Also published in: Sippel, M. and Neuhoff, K. (2009), “A History of Conditionality: Lessons for International Cooperation on Climate Policy”, Climate Policy 9(5) Abstract: This article examines what may be taken into account, when designing… Continue Reading
EPRG 0824
David Newbery Analytic Solutions for Supply Function Equilibria: Uniqueness and Stability EPRG 0824 Non-Technical Summary | PDF Also published in: Holmberg, P., D.M. Newbery and D. Ralph (2008) ‘Supply Function Equilibria: Step functions and continuous representations’, submitted to Journal of Economic Theory Abstract: Supply Function Equilibria (SFE) offer an attractive equilibrium concept for an electricity… Continue Reading
EPRG 0823
Jevgenijs Steinbuks Financial constraints and firms’ investment: results of a natural experiment measuring firm response to power interruption EPRG 0823 Non-Technical Summary | PDF Abstract: This study uses the observed differences between public system failures and private investment as a natural experiment to reveal the effect of financing constraints on firms’ ability to substitute specifically… Continue Reading
EPRG 0822
Tao Zhang, William Nuttall Evaluating Government’s Policies on Promoting Smart Metering in Retail Electricity Markets via Agent Based Simulation EPRG 0822 Non-Technical Summary | PDF Also published in: Zhang, T. and Nuttall, W. J. (2011), Evaluating Government’s Policies on Promoting Smart Metering Diffusion in Retail Electricity Markets via Agent-Based Simulation. Journal of Product Innovation Management,… Continue Reading
EPRG 0821
David Newbery Predicting market power in wholesale electricity markets EPRG 0821 Non-Technical Summary | PDF Also published in: Newbery, David (2009). “Predicting Market Power in Wholesale Electricity Markets,” RSCAS Working Papers 2009/03, European University Institute Abstract: The traditional measure of market power is the HHI, which gives implausible results given the low elasticity of demand… Continue Reading
EPRG 0820
Paul Nillesen, Michael G Pollitt Ownership unbundling in electricity distribution: empirical evidence from New Zealand EPRG 0820 Non-Technical Summary | PDF Also published in: Nillesen, P.H. and Pollitt, M.G. , “Ownership unbundling in electricity distribution: empirical evidence from New Zealand”, Review of Industrial Organization Abstract: New Zealand is the only country to date to have… Continue Reading
EPRG 0819
John Kwoka, Sanem Ozturk, Michael G Pollitt Divestiture Policy and Operating Efficiency in US Electric Power Distribution EPRG 0819 Non-Technical Summary | PDF Also published in: Kwoka, J., Pollitt, M. and Sergici, S. (2010) “Divestiture Policy and Operating Efficiency in U.S. Electric Power Distribution”, Journal of Regulatory Economics, Vol. 38 (1), pp.86-109 Abstract: This study… Continue Reading
EPRG 0818
Victoire Maugis, William J Nuttall Metapolicy Options for Energy in England EPRG 0818 Non-Technical Summary | PDF Abstract: This paper considers policy for policy-making – “metapolicy”. It specifically considers the current structures for energy policy making applying to England within the UK. The current policy landscape is described with a view to assessing possible improvements… Continue Reading
EPRG 0817
Paul Nillesen, Michael Pollitt Using regulatory benchmarking techniques to set company performance targets: the case of US electricity EPRG 0817 Non-Technical Summary | PDF Also published in: Nillesen, P. and Pollitt, M. (2010), “Using Regulatory Benchmarking Techniques to Set Company Performance Targets: the Case of US Electricity”, Competition and Regulation in Network Industries 1 Abstract:… Continue Reading
EPRG 0816
Gert Brunekreeft Ownership Unbundling in Electricity Markets – A Social Cost Benefit Analysis of the German TSOs EPRG 0816 Non-Technical Summary | PDF Abstract: This paper presents a social cost benefit analysis of ownership unbundling (as compared to legal und functional unbundling) of the electricity transmission system operators in Germany. The study relies on the… Continue Reading
EPRG 0815
David Newbery Under-pricing electricity and the puzzle of regulatory accounting EPRG 0815 Non-Technical Summary | PDF Abstract: State-owned electricity companies typically set prices that are too low to finance new investment when needed, and which create additional problems where private investment is sought. The paper asks to what extent this can be attributed to historic… Continue Reading
EPRG 0814
William Nuttall, Simon Taylor Financing the Nuclear Renaissance EPRG 0814 Non-Technical Summary | PDF Also was published in: Financing the Nuclear Renaissance, European Review of Energy Markets, 3 (2) pp. 187-202 Available at European Energy Institute Abstract: This paper considers the key economic risks associated with nuclear power. The authors observe that the bulk of… Continue Reading
EPRG 0813
Christian Wolf Does Ownership Matter? The Performance and Efficiency of State Oil vs Private Oil (1987-2006) EPRG 0813 Non-Technical Summary | PDF Abstract: This paper investigates whether there are systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned oil companies. The dataset is based on a survey published by Energy Intelligence and… Continue Reading
EPRG 0812
Vincent Rious, Jean-Michel Glachant, Yannick Perez, Philippe Dessante The diversity of design of TSOs EPRG 0812 Non-Technical Summary | PDF Abstract: It is puzzling today to explain diversity and imperfection of actual transmission monopoly designs in competitive electricity markets. We argue that transmission monopoly in competitive electricity markets has to be analysed within a Wilson… Continue Reading
EPRG 0811
Michael Pollitt The Future of Electricity (and Gas) Regulation EPRG 0811 Non-Technical Summary | PDF Also published in: Pollitt, M. (2008), “The Future of Electricity (and Gas) Regulation in a Low-carbon Policy World”, The Energy Journal 29 (Special Issue 2) Abstract: This paper discusses whether a new paradigm is necessary for independent economic regulation of… Continue Reading
EPRG 0810
Fabien Roques Market Design for Generation Adequacy: Healing Causes rather than Symptoms EPRG 0810 Non-Technical Summary | PDF Abstract: This paper argues that electricity market reform – particularly the need for complementary mechanisms to remunerate capacity – need to be analysed in the light of the local regulatory and institutional environment. If there is a… Continue Reading
EPRG 0809
Karsten Neuhoff Learning by Doing with Constrained Growth Rates and Application to Energy Technology Policy EPRG 0809 Non-Technical Summary | PDF Abstract: Learning by doing attributes cost reductions of a technology to cumulative investment and thus experience. This paper argues that the additional dimension of investment volume growth rate has to be considered. This growth… Continue Reading
EPRG 0808
Simon Taylor Nuclear Power and Deregulated Electricity Markets: Lessons from British Energy EPRG 0808 Non-Technical Summary | PDF Also published in: Taylor, Simon. (2007), “Nuclear Power and Deregulated Electricity Markets: Lessons from British Energy”, DIW Conference, CESSA Abstract: The privatisation in 1996 and subsequent financial crisis in 2002 of the company British Energy plc shed… Continue Reading
EPRG 0807
John Ash Energy Supply, Risk and Justice: Regulatory Strategies for an Era of Limited Trust EPRG 0807 Non-Technical Summary | PDF Also Published in: New Nuclear Energy, Risk and Justice: Regulatory Strategies for an Era of Limited Trust, Politics & Policy 38(2) 2010, 255-284. Available at Wiley InterScience Abstract: Regulatory organisations responsible for implementing safety… Continue Reading
EPRG 0806
Tooraj Jamasb, Michael Pollitt, Thomas Triebs Productivity and Efficiency of US Gas Transmission Companies: A European Regulatory Perspective EPRG 0806 Non-Technical Summary | PDF Also published in: Jamasb, T., Pollitt, M. and Triebs, T. (2008), “Productivity and Efficiency of US Gas Transmission Companies: A European Regulatory Perspective”, Energy Policy 36(9) Abstract: On both sides of the… Continue Reading
EPRG 0805
Christian Wolf, Michael Pollitt Privatising national oil companies: Assessing the impact on firm performance EPRG 0805 Non-Technical Summary | PDF Abstract: This study empirically investigates the impact of privatisation on firm performance in the global oil and gas industry, where questions of resource control have regained widespread attention. Using a dataset of 60 public share… Continue Reading
EPRG 0804
Aurélie Méjean, Chris Hope Modelling the costs of non-conventional oil: A case study of Canadian bitumen EPRG 0804 Non-Technical Summary | PDF Also published in: Energy Policy 36 (11) 2008, 4205-4216. Available at ScienceDirect Abstract: High crude oil prices, uncertainties about the consequences of climate change and the eventual decline of conventional oil production raise… Continue Reading
EPRG 0803
Elizabeth Hooper, Andrei Medvedev Electrifying Integration: Electricity Production And The South-East Regional Energy Market EPRG 0803 Non-Technical Summary | PDF Also published in: Hooper, E. and Medvedev, A. (2009), “Electrifying Integration: Electricity Production And The South-East Europe Regional Energy Market:”, Utilities Policy 17(1) Abstract: The paper provides an overview of the generation of electricity in… Continue Reading
EPRG 0802
Tooraj Jamasb, Hande Kiamil, Rabindra Nepal Hot Issue and Burning Options in Waste Management: A Social Cost Benefit Analysis of Waste-to-Energy in the UK EPRG 0802 Non-Technical Summary | PDF Also published in: Jamasb, T; H. Kiamil & R. Nepal (2010) “Hot Issue and Burning Options in Waste Management : A Social Cost Benefit Analysis… Continue Reading
EPRG 0801
David Reiner A Looming Rhetorical Gap: A Survey of Public Communications Activities For Carbon Dioxide Capture and Storage Technologies EPRG 0801 Non Technical Summary | PDF Abstract: The major communications efforts to the general public on carbon dioxide capture and storage (CCS) technologies are reviewed and found to be lacking across all countries and initiatives… Continue Reading
EPRG 0934
Karsten Neuhoff, Morgan Bazilian, Jean Charles Hourcade, Adam Rysanek, Simone Cooper, Ilian Iliev, Anoop Singh, Aaron Cosbey, Helen Jackson, Judith Sykes, Heleen de Coninck, Tim Laing, Frauke Urban, Max Edkins, Sarah Lester, Marcia Valle Real, Sam Fankhauser Haraldo, Machado Filho, John Ward, William Gboney, Andrew Marquard, Harald Winkler, Emmanuel Guerin, Ranjita Rajan, Sara Wolcott, Xiliang… Continue Reading
EPRG 0933
Karsten Neuhoff, Sam Fankhauser, Emmanuel Guerin, Jean Charles Hourcade, Helen Jackson, Ranjita Rajan, John Ward Structuring International Financial Support for Climate Change Mitigation in Developing Countries EPRG 0933 Non-Technical Summary | PDF Also published in: Neuhoff, K, Fankhauser, S, Guerin, E, Hourcade, J.C., Jackson, H, Rajan, R, Ward, J, “Structuring International Financial Support for Climate… Continue Reading
EPRG 0932
Karsten Neuhoff, Simone Cooper, Tim Laing, Sarah Lester, Adam Rysanek Indicator Choices and Tradeoffs: Facilitating the Success of International Climate Policies and Projects EPRG 0932 Non-Technical Summary | PDF Abstract: To inform the question of whether current monitoring and reporting structure under the United Nations Framework Convention on Climate Change (UNFCCC) can effectively support successful… Continue Reading
EPRG 0931
Ilian Iliev & Karsten Neuhoff Intellectual Property: Cross-licensing, Patent Pools and Cooperative Standards as a Channel for Climate Change Technology Cooperation EPRG 0931 Non-Technical Summary | PDF Also published in: Iliev, I. and Neuhoff, K., (2009), “Intellectual property: Cross-licensing, Patent Pools and Cooperative Standards as a Channel for Climate Change Technology Cooperation”. Climate Strategies Paper:… Continue Reading
EPRG 0930
Bruce Mountain and Stephen Littlechild Comparing electricity distribution network costs and revenues in New South Wales and Great Britain EPRG 0930 Non-Technical Summary | PDF Also published in: Mountain, Bruce & Littlechild, Stephen (2010), “Comparing electricity distribution network costs and revenues in New South Wales and Great Britain”, Energy Policy Volume 38, Issue 10, October,… Continue Reading
EPRG 0929
Michael G.Pollitt Electricity Liberalisation in the European Union: A Progress Report EPRG 0929 Non-Technical Summary | PDF Also published in: Pollitt, M.G. (2009),”Electricity Liberalisation in the European Union: A Progress Report”, Mercato Concorrenza Regole 3/2009, pp.497-523 Abstract: It is around 5 years since my colleague, Tooraj Jamasb, and I reviewed the EU’s progress with electricity… Continue Reading
EPRG 0928
Aoife Brophy Haney, Ian W.Jones and Michael G. Pollitt UK retailers and climate change: The role of partnership in climate strategies EPRG 0928 Non-Technical Summary | PDF Abstract: More and more companies in the UK are developing strategies to address the challenges of climate change. We focus on the UK retail sector and explore the… Continue Reading
EPRG 0927
Steven J Steer, William J Nuttall, Geoffrey T Parks and Leonardo VN Gonçalves Predicting the Cost of Unplanned Shutdowns of Power Stations: An Accelerator-Driven Subcritical Reactor Case Study EPRG 0927 Non-Technical Summary | PDF Also published in: Electric Power Systems Research, Volume 81, 2011, pages 1662-1671. Accessible online through Science Direct Abstract: The growing penetration of… Continue Reading