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
Category Archives: News
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
EPRG Working Paper 1915
Mirjam Ambrosius, Jonas Egerer, Veronika Grimm, Adriaan H. van der Weijde The role of expectations for market design – on structural regulatory uncertainty in electricity markets Abstract | Non-Technical Summary | PDF Continue Reading
Presentation “Pass-through, profits and the political economy of regulation” by R. Ritz
Robert Ritz gave a presentation”Pass-through, profits and the political economy of regulation” at 2019 International Industrial Organization Conference (IIOC) in Boston, USA, on 7 April 2019 | PDF Continue Reading
Journal Article: Review of Industrial Organization, 2019
Chi Kong Chyong European Natural Gas Markets: Taking Stock and Looking Forward Review of Industrial Organization, March 2019, Pages 1-21 Continue Reading
Presentation “Volatility, Macroeconomic Policy and Institutions in Resource-Rich Economies” by K. Mohaddes
Kamiar Mohaddes gave a presentation “Volatility, Macroeconomic Policy and Institutions in Resource-Rich Economies” at the Workshop on Macroeconomic Stability and Diversification in Oil-based Economies organized by King Abdullah Petroleum Studies and Research Center (KAPSARC), in Riyadh on 16 April 2019 | PDF Continue Reading
EPRG Working Paper 1914
Golnoush Soroush, Carlo Cambini, Tooraj Jamasb, Manuel Llorca Network Utilities Performance and Institutional Quality: Evidence from the Italian Electricity Sector Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1913
David Newbery, Giorgio Castagneto Gissey, Bowei Guo, Paul E. Dodds The private and social value of British electrical interconnectors Abstract | Non-Technical Summary | PDF This WP was first published in April 2019 and revised in May 2019 Continue Reading
Journal Article: Journal of Regulatory Economics, 2019
Stephen Littlechild Promoting competition and protecting customers? Regulation of the GB retail energy market 2008–2016 Journal of Regulatory Economics, March 2019 Continue Reading
Report “Ofgem’s collective switching trial and possible application in New Zealand” by S. Littlechild
In his recent report Stephen Littlechild finds that there are some potentially important legal, organisational and economic issues that need further consideration if collective switching is to be successfully implemented both in GB and in New Zealand | PDF Continue Reading
EPRG Working Paper 1912
Yang Han, Victor OK Li, Jacqueline CK Lam, and Michael Pollitt How BLUE is the Sky? Estimating the Air Quality Data in Beijing During the Blue Sky Day Period (2008-2012) by the Bayesian LSTM Approach Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1911
Özge Özdemir, Benjamin F. Hobbs, Marit van Hout, and Paul Koutstaal Capacity vs Energy Subsidies for Renewables: Benefits and Costs for the 2030 EU Power Market Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1910
Grischa Perino, Robert A. Ritz and Arthur A. van Benthem Understanding overlapping policies: Internal carbon leakage and the punctured waterbed Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1909
Mahir Sarfati, Mohammad Reza Hesamzadeh, and Pär Holmberg Production efficiency of nodal and zonal pricing in imperfectly competitive electricity markets Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1908
Chi Kong Chyong Challenges to the Future of European Single Market in Natural Gas Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1907
David Newbery Strengths and Weaknesses of the British Market Model Abstract | Non-Technical Summary | PDF Continue Reading
Report “Savings available in the retail energy market and the Overall Customer Service score” by S. Littlechild
In his recent report Stephen Littlechild finds that some of the savings apparently available in the retail energy market are questionable, and suggests the calculation of an Overall Customer Service score to inform customers who are considering changing supplier | PDF Continue Reading
Paul Simshauser – recipient of Member of the Order of Australia
We are delighted to announce that Paul Simshauser, EPRG Associate Researcher, was awarded a Member of the Order of Australia (AM) at the Australia Day 2019 Honours List for significant service to the energy sector through executive roles, applied economics and policy research. Congratulations to Paul! Continue Reading
Podcast “A ‘tough sell’: why it is so difficult to address climate change on a global scale” by M. Pollitt and D. Reiner
Michael Pollitt and David Reiner recorded a podcast “A ‘tough sell’: why it is so difficult to address climate change on a global scale” as part of the “Cambridge Judge Business School Debate” series. This podcast focuses on energy policy – the nature of the challenges, the difficulty in addressing climate change, and a few… Continue Reading
Presentation “The Energy Price Cap: Towards a ‘Fairer Market’ for UK Consumers? the Economist’s view” by S. Littlechild
Stephen Littlechild gave a presentation “The Energy Price Cap: Towards a ‘Fairer Market’ for UK Consumers? the Economist’s view” at a UCL Laws event at University College, London on 23 January 2019 | PDF Continue Reading
EPRG Working Paper 1906
Eoghan O’Neill and Melvyn Weeks Causal Tree Estimation of Heterogeneous Household Response to Time-Of-Use Electricity Pricing Schemes 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 proposed review of the Prepayment Charges Restriction Order 2016. In his response “Providing for a transition back to a competitive retail energy market” he suggests that the CMA phase out the prepayment meter tariff cap by December 2020 rather than leave a “cliff… Continue Reading
EPRG Working Paper 1905
Paul Nillesen and Michael Pollitt Ownership Unbundling of Electricity Distribution Networks Abstract | Non-Technical Summary | PDF Continue Reading
Journal Article: Energy Policy, 2019, Vol 126
Uchechukwu Jarrett, Kamiar Mohaddes and Hamid Mohtadi Oil price volatility, financial institutions and economic growth Energy Policy, Volume 126, March 2019, Pages 131-144 Continue Reading
EPRG Working Paper 1904
Chi Kong Chyong, Bowei Guo, and David Newbery The impact of a Carbon Tax on the CO2 emissions reduction of wind Abstract | Non-Technical Summary | PDF This WP was first published in January 2019 and was revised in May 2019 Also published as a journal article in The Energy Journal Continue Reading
EPRG Working Paper 1903
Tooraj Jamasb and Manuel Llorca Energy Systems Integration: Economics of a New Paradigm Abstract | Non-Technical Summary | PDF Continue Reading
Journal Article: Energy Policy, 2019, Vol 127
Sinan Kufeoglu and Michael Pollitt The impact of PVs and EVs on domestic electricity network charges: A case study from Great Britain Energy Policy 2019, Volume 127, April 2019, Pages 412-424 Based on EPRG WP#1814 Continue Reading
EPRG Working Paper 1902
Victor Ahlqvist, Pär Holmberg and Thomas Tangerås Central- versus Self-Dispatch in Electricity Markets Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1901
Paul Simshauser On the impact of government-initiated CfD’s in Australia’s National Electricity Market Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1841
Paul Simshauser and Joel Gilmore On entry cost dynamics in Australia’s National Electricity Market Abstract | Non-Technical Summary | PDF Continue Reading
Report “Productivity growth in electricity and gas networks since 1990” by V. Ajayi, K. Anaya and M. Pollitt
Victor Ajayi, Karim Anaya and Michael Pollitt wrote a report “Productivity growth in electricity and gas networks since 1990” for the Office of Gas and Electricity Markets (Ofgem), as part of the RIIO-2 consultation. It was published on 17 December 2018. You can read the report here For the full dataset (ED, ET, GD, GT)… Continue Reading
Report “Europe’s Electricity Market Design: 2030 and beyond” by M. Pollitt and C.K. Chyong
Michael Pollitt and Chi-Kong Chyong published a report “Europe’s Electricity Market Design: 2030 and beyond” for Center on Regulation in Europe (CERRE) on 10 December 2018. The complete report can be found here Continue Reading
EPRG Working Paper 1840
Brent Eldridge, Richard O’Neill, and Benjamin F. Hobbs Pricing in Day-Ahead Electricity Markets with Near-Optimal Unit Commitment Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1839
Michael Pollitt and Lewis Dale Restructuring the Chinese Electricity Supply Sector – How industrial electricity prices are determined in a liberalized power market: lessons from Great Britain Abstract | Non-Technical Summary | PDF The Chinese version of this paper can be viewed here Continue Reading
EPRG Working Paper 1838
Mahir Sarfati, Mohammad Reza Hesamzadeh, Pär Holmberg Increase-Decrease Game under Imperfect Competition in Two-stage Zonal Power Markets – Part II: Solution Algorithm Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1837
Mahir Sarfati, Mohammad Reza Hesamzadeh, Pär Holmberg Increase-Decrease Game under Imperfect Competition in Two-stage Zonal Power Markets – Part I: Concept Analysis Abstract | Non-Technical Summary | PDF Continue Reading