Stephen Littlechild’s latest submission to Competition and Markets Authority (CMA) is on Ofwat price determinations. The argument in this paper applies also to Ofgem’s process for setting network price controls | Text Continue Reading
Category Archives: News
Journal Article: “Equity in allocating carbon dioxide removal quotas” by D. Reiner et al
David Reiner together with Carlos Pozo, Ángel Galán-Martin, Niall Mac Dowell and Gonzalo Guillén-Gosálbez published an article “Equity in allocating carbon dioxide removal quotas” in Nature Climate Change on 8 June 2020. This paper is on how to fairly allocate responsibility to carry out carbon dioxide removal (CDR) activities across countries. CDR will be critical… Continue Reading
EPRG Working Paper 2015
Stephen Littlechild The CMA’s assessment of customer detriment in the UK retail energy market Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2014
Paul Simshauser and Joel Gilmore Is the NEM broken? Policy discontinuity and the 2017-2020 investment megacycle Abstract | Non-Technical Summary | Text Also published in Energy Policy, volume 160, January 2022 Continue Reading
EPRG Working Paper 2013
David Newbery The cost of finance and the cost of carbon: a case study of Britain’s only PWR Abstract | Non-Technical Summary | Text Appendix Updated in April 2021. Previously published in May 2020 as “The cost of CO2 abatement from Britain’s only PWR: Sizewell B” Continue Reading
EPRG Working Paper 2012
Ashish Kumar Sedai, Rabindra Nepal, Tooraj Jamasb Electrification and Socio-Economic Empowerment of Women in India Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2011
Parantap Basu and Tooraj Jamasb On Green Growth with Sustainable Capital Abstract | Non-Technical Summary | Text Continue Reading
Presentation “The Volatility Curse: A Long-Term Perspective” by K. Mohaddes
Kamiar Mohaddes took part in the panel on the Economics of the Dual Shock in MENA (COVID-19 and the collapse in oil prices) on 12 May 2020 where he presented “The Volatility Curse: A Long-Term Perspective“. The disccussion was part of the ERF-World Bank Webinar series. The complete webinar can be found here with Kamiar’s… Continue Reading
EPRG Working Paper 2010
Bai-Chen Xie, Jun Xu, Michael G. Pollitt What effect has the 2015 power market reform had on power prices in China? Evidence from Guangdong and Zhejiang Abstract | Non-Technical Summary | Text The Chinese version of this paper can be found below Abstract | Non-Technical Summary | Text First published in May 2020, updated in… Continue Reading
EPRG Working Paper 2009
Li-Qiu Liu, Zhong-Ling Yin, Bai-Chen Xie, Wei Zhou Willingness to Pay for Better Air Quality: The case of China Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2008
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
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
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