Chi Kong Chyong European Natural Gas Markets: Taking Stock and Looking Forward Review of Industrial Organization, March 2019, Pages 1-21 Continue Reading
Category Archives: News
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
EPRG Working Paper 1836
Matthias A. Schnellmann, Chi Kong Chyong, David M. Reiner, Stuart A. Scott Deploying gas power with CCS: The role of operational flexibility, merit order and the future energy system Abstract | Non-Technical Summary | PDF Supplementary information Continue Reading
Presentation “Volatility and Macroeconomic Policy in the Middle East & North Africa Region” by K. Mohaddes
Kamiar Mohaddes gave a presentation “Volatility and Macroeconomic Policy in the Middle East & North Africa Region” at the Symposium on “The World Economic Outlook: Implications for Kuwait and the MENA Region” hosted by the International Monetary Fund (IMF) Middle East Center for Economics and Finance (CEF) and the Arab Fund for Economic and Social Development (AFESD)… Continue Reading
EPRG Working Paper 1835
Xiaoping He and David Reiner Consumer Engagement in Energy Markets: The Role of Information and Knowledge Abstract | Non-Technical Summary | PDF Continue Reading
Presentation “The political economy of a carbon price floor for power generation” by R. Ritz
Robert Ritz gave a presentation on “The political economy of a carbon price floor for power generation” to an expert roundtable hosted by the European Policy Centre (EPC) in Brussels on 5 November 2018 | PDF Continue Reading
EPRG Working Paper 1834
Jacqueline CK Lam, Lawrence YL Cheung, Y. Han, and SS Wang China’s Response to Nuclear Safety Post-Fukushima: Genuine or Rhetoric? Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1833
Juha Teirilä and Robert A. Ritz Strategic behaviour in a capacity market? The new Irish electricity market design Abstract | Non-Technical Summary | PDF Continue Reading
Presentation “UK & European gas markets: taking stock and looking forward” by C.K. Chyong
Chi-Kong Chyong gave a presentation “UK & European gas markets: taking stock and looking forward” at BIEE Natural Gas Seminar, in London on 25 October 2018 | PDF Continue Reading
EPRG Working Paper 1832
Sai Amulya Nyathikala, Tooraj Jamasb, Manuel Llorca, Mukul Kulshrestha Utilities Governance, Incentives, and Performance: Evidence from the Water Sector in India Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1831
Felix Grey and Robert Ritz Pass-through, profits and the political economy of regulation Abstract | Non-Technical Summary | PDF Continue Reading
Report “Is there competition below the PPM tariff cap? What are the implications for policy?” by S. Littlechild
Stephen Littlechild wrote a report “Is there competition below the PPM tariff cap? What are the implications for policy?” This paper finds that the range of tariff offers that are widely available and significantly below the Prepayment Meter tariff cap is much less than first appears. It suggests various implications for policy relating to accuracy of information, setting… Continue Reading
EPRG Working Paper 1830
Donato A. Melchiorre and Sinan Kufeoglu Economic Assessment of Using Electric Vehicles and Batteries as Domestic Storage Units in the United Kingdom Abstract | Non-Technical Summary | PDF Continue Reading
EPRG Working Paper 1829
Karim Anaya and Michael Pollitt Reactive Power Procurement: Lessons from Three Leading Countries Abstract | Non-Technical Summary | PDF Continue Reading
Presentation “Pass-through, profits and the political economy of regulation” by R. Ritz
Robert Ritz gave seminar presentation on “Pass-through, profits and the political economy of regulation” at Yale University, USA on 12 September 2018 He also presented “Pass-through, profits and the political economy of regulation” at Resources for the Future Seminar in Washington DC, USA on 17 September 2018 The slides for both presentations can be found here Continue Reading
EPRG Working Paper 1828
Paul Simshauser and Alexandr Akimov Regulated electricity networks, investment mistakes in retrospect and stranded assets under uncertainty Abstract | Non-Technical Summary | PDF Continue Reading
M. Pollitt quoted in EURACTIV
Michael Pollitt was quoted in the article “Capacity markets: A necessary evil in the energy transition?” by Frederic Simon, in EURACTIV media network, on 10 September 2018. The article is a part of EURACTIV special report on Capacity markets for electricity. The full text of the article can be viewed here Continue Reading
EPRG Working Paper 1827
Paul Simshauser Price discrimination and the modes of failure in deregulated retail electricity markets Abstract | Non-Technical Summary | PDF Continue Reading
Article “Europe should learn from California’s carbon trading” by R. Ritz and A. van Benthem
Robert Ritz, EPRG Assistant Director, University of Cambridge, and Arthur van Benthem, Wharton School, University of Pennsylvania, published an article “Europe should learn from California’s carbon trading” in The Hill on 5 September 2018. The full text of the article can be read here Continue Reading
EPRG Working Paper 1826
Sinan Küfeoğlu, Michael Pollitt & Karim Anaya Electric Power Distribution in the World: Today and Tomorrow Abstract | Non-Technical Summary | PDF Continue Reading