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
Category Archives: Featured Items
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
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
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
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
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
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
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
Presentation “Life before Economic Regulation” by S. Littlechild
Stephen Littlechild gave a presentation “Life before Economic Regulation” at Economic Objectives of Regulation Conference honouring the research of Professor Catherine Waddams at University of East Anglia, Norwich, on 16 September 2019 | PDF Continue Reading
Presentation “Regulatory Cooperation: Two Countries, One Single Electricity Market” by D. Newbery
David Newbery gave a presentation “Regulatory Cooperation: Two Countries, One Single Electricity Market” at Economic Objectives of Regulation Conference honouring Professor Catherine Waddams at University of East Anglia on 16 September 2019 | PDF You can read more on this event here Continue Reading
EPRG Working Paper 1932
L.G. Montoya, B. Guo, D. Newbery, P.E. Dodds, G. Lipman, G. Castagneto Gissey Measuring inefficiency in international electricity trading Abstract | Non-Technical Summary | PDF First published in September 2019, updated in October 2019, revised in February 2020 Published as a journal article in Energy Policy, 2020 Continue Reading
EPRG & CEEPR International Energy Policy Conference, London, UK, 2-3 September 2019
EPRG is pleased to announce our successful 2019 EPRG & CEEPR International Energy Policy Conference. This year the conference was held in strategic partnership with Crescent Petroleum and Lambert Energy Advisory Ltd. It took place at One Great George Street, in London, United Kingdom, on 2 – 3 September 2019 and comprised of 1,5 day of… Continue Reading
K. Mohaddes quoted in international news outlets
Kamiar Mohaddes and his paper “Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis” was quoted in several international news outlets, including Bloomberg, Fox News, Washington Post, Market Watch, Hindustan Times, Reuters, Business Green, CNBC, The Straits Times, EcoWatch, IFLScience, Think Progress, New York Post, RTE and the Financial Times. The paper was also highlighted by the University of Cambridge Research News Dr. Mohaddes… Continue Reading
EPRG Working Paper 1931
Iegor Riepin and Felix Musgens Seasonal Flexibility in the European Natural Gas Market Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1930
Francesco Rossetto, Luigi Grossi and Michael G. Pollitt Assessing Market Power in the Italian Electricity Market: A synthetic supply approach Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1929
Robert A. Ritz Does competition increase pass-through? Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1928
Michael G. Pollitt and Karim L. Anaya Competition in Markets for Ancillary Services? The implications of rising distributed generation Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1927
Paul Simshauser Lessons from Australia’s National Electricity Market 1998-2018: strengths and weaknesses of the reform experience Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1926
David Newbery, Michael Pollitt, David Reiner and Simon Taylor Financing low-carbon generation in the UK: The hybrid RAB model Abstract | Non-Technical Summary | PDF | Appendix B (xls)| Appendix D (xls) Continue Reading
Report “Replacing the tariff caps and protecting vulnerable customers by harnessing the competitive process” by S. Littlechild
In this recent report Stephen Littlechild suggests that a replacement for the tariff caps should be a competitive process to determine whether a price to particular vulnerable customers is excessive, and if so to facilitate a voluntary price adjustment or negotiated transfer of customers to another supplier | PDF Continue Reading
EPRG Working Paper 1925
Matthew E. Kahn, Kamiar Mohaddes, Ryan N.C. Ng, M. Hashem Pesaran, Mehdi Raissi, and Jui-Chung Yang Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis Abstract | Non-Technical Summary | PDF The study was mentioned in Fox News on 16 November 2020 Also published in Energy Economics, volume 104, December 2021 Continue Reading
EPRG Working Paper 1924
Chi Kong Chyong, David Newbery, and Thomas McCarty A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation and Application to Hydro Pumped Storage Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1923
Wei Zhou, Alice Moncaster, David M Reiner and Peter Guthrie Estimating Lifetimes and Stock Turnover Dynamics of Urban Residential Buildings in China Abstract | Non-Technical Summary | PDF Continue Reading
S. Littlechild latest submission to Ofgem
Stephen Littlechild and other former GB energy regulators submitted a response to Ofgem’s Discussion Paper on the proposed framework for assessing effective competition in the domestic retail gas and electricity market on 9 July 2019 | PDF Continue Reading
EPRG Working Paper 1922
David Woroniuk, Arzé Karam, Tooraj Jamasb European Gas Markets, Trading Hubs, and Price Formation: A Network Perspective Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1921
Par Holmberg and Robert A. Ritz Capacity mechanisms and the technology mix in competitive electricity markets Abstract | Non-Technical Summary | PDF Continue Reading
S. Littlechild latest submission to CMA
Stephen Littlechild has responded to the CMA’s invitation to comment on its Provisional Decision in its Review of the Prepayment Charges Restriction Order 2016. His response “Why so hasty?” argues against the CMA’s recommendation that Ofgem should extend the duration of the price cap, and suggests instead that Ofgem should be encouraged to review the… Continue Reading
Presentation “Making the case for supporting renewable electricity” by D. Newbery
David Newbery gave a presentation “Making the case for supporting renewable electricity” at the Energy Ireland 2019 Conference, Croke Park, Dublin on 20-21 June 2019 | PDF Continue Reading
Presentation “Global gas markets, carbon pricing and the future of natural gas” by R. Ritz
Robert Ritz gave a presentation “Global gas markets, carbon pricing and the future of natural gas” as a keynote lecture at 2nd International Conference on the Economics of Natural Gas Markets, Université Paris-Dauphine, 21 June 2019 | PDF Continue Reading
EPRG Working Paper 1920
Sinan Küfeoğlu, Gaomin Liu, Karim Anaya and Michael G. Pollitt Digitalisation and New Business Models in Energy Sector Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1919
Chi Kong Chyong, Michael Pollitt, and Reuben Cruise Can wholesale electricity prices support “subsidy-free” generation investment in Europe? Abstract | Non-Technical Summary | Text Supplementary information Continue Reading
EPRG Working Paper 1918
Bowei Guo, David Newbery, and Giorgio Castagneto Gissey The Impact of Unilateral Carbon Taxes on Cross-Border Electricity Trading First published on 6 June 2019, updated version published on 25 June 2019. It has been replaced by a new Working Paper EPRG#2005 Continue Reading
Book “Institutions and Macroeconomic Policies in Resource-Rich Arab Economies” edited and contributed by K. Mohaddes, J. Nugent and H. Selim
The book “Institutions and Macroeconomic Policies in Resource-Rich Arab Economies”, edited by Kamiar Mohaddes (EPRG Associate Researcher), Jeffrey B. Nugent (University of Southern California) and Hoda Selim (International Monetary Fund), has been published by Oxford University Press in May 2019. In addition to editing the book, Kamiar Mohaddes also co-authored the following chapters: Chapter 1.… Continue Reading
Journal Article: The Electricity Journal, Vol 32 (6), 2019
Sinan Kufeoglu, Donato Melchiorre and Kirsi Kotilainen Understanding tariff designs and consumer behaviour to employ electric vehicles for secondary purposes in the United Kingdom The Electricity Journal, July 2019, volume 32, issue 6, pages 1-6 Continue Reading
EPRG Working Paper 1917
Mahmud I. Imam, Tooraj Jamasb, Manuel Llorca Political Economy of Reform and Regulation in the Electricity Sector of Sub-Saharan Africa Abstract | Non-Technical Summary | PDF Continue Reading
Presentation “Oil Revenue Volatility, Sanctions and Mismanagement: Lessons from Iran” by K. Mohaddes
Kamiar Mohaddes gave a presentation ” Oil Revenue Volatility, Sanctions and Mismanagement: Lessons from Iran” at the International Iranian Economic Association’s (IIEA) Sixth International Conference on the Iranian Economy in Naples, Italy, hosted by the University of Naples “L’Orientale” on 16-17 May, 2019 | PDF Continue Reading
EPRG Working Paper 1916
Joachim Geske, Richard Green and Iain Staffell Elecxit: The Cost of Bilaterally Uncoupling British-EU Electricity Trade Abstract | Non-Technical Summary | PDF Continue Reading
2019 EPRG Spring Seminar
EPRG is pleased to announce our successful 2019 Spring Seminar in partnership with FTI Consulting and Compass Lexecon Energy. On May 9, 2019 EPRG hosted delegates to dinner at Robinson College, and on May 10, 2019 for a full-day seminar at Clare College. Programme PANEL SESSION: CAPACITY MARKETS – LEGAL ISSUES AND PAN-EUROPEAN PERSPECTIVE Chair:… Continue Reading