Gauthier de Maere d’Aertrycke, Andreas Ehrenmann, Daniel Ralph, and Yves Smeers Risk trading in capacity equilibrium models Abstract | Non-Technical Summary | PDF Continue Reading
Gauthier de Maere d’Aertrycke, Andreas Ehrenmann, Daniel Ralph, and Yves Smeers Risk trading in capacity equilibrium models Abstract | Non-Technical Summary | PDF Continue Reading
David Newbery Designing an electricity wholesale market to accommodate significant renewables penetration: Lessons from Britain Abstract | Non-Technical Summary | PDF Continue Reading
Karim Anaya and Michael Pollitt Regulating the Electricity System Operator: Lessons for Great Britain from around the world Abstract | Non-Technical Summary | PDF Continue Reading
Report for Ofgem “What can we learn from international comparators about how we should structure an incentives framework for the future GB electricity system operator to help maximise consumer welfare?” by K.L Anaya & M.G. Pollitt Continue Reading
A comment by Chi Kong Chyong regarding the recent price hike in the UK and Europe due to gas supply shortages “Having a market-based solution to a security of supply event, such as the recent one, means that the cost of meeting these unexpected events is as low as possible, while the price for… Continue Reading
Michael Pollitt and Chi-Kong Chyong conducted a study “Brexit and its implications for British and EU Energy and Climate Policy” for Centre on Regulation in Europe (CERRE). It was published by CERRA as a Project Report on 22 November 2017 | PDF Continue Reading
Kamiar Mohaddes, EPRG Associate Researcher, gave a presentation “Oil Prices and the Global Economy: Is It Different This Time Around?” at the Conference on “Arab Oil Exporters: Coping with a New Global Oil Order”, at the Arab Fund for Economic and Social Development on 26-27 November 2017 in Kuwait | PDF Continue Reading
William J. Nuttall, Constantine Samaras, and Morgan Bazilian Energy and the Military: Convergence of Security, Economic, and Environmental Decision-Making Continue Reading
Kamiar Mohaddes, Paul Cashin and Mehdi Raissi “Fair weather or foul? The macroeconomic effects of El Niño” Journal of International Economics, Volume 106, May 2017, Pages 37-54 Continue Reading
Kamiar Mohaddes, EPRG Associate Researcher, gave a presentation “Do Sovereign Wealth Funds Dampen the Negative Effects of Commodity Price Volatility?” at the Workshop on New Perspectives on Political Economy of the Middle East that took place at the University of Oxford on 27-28 October 2017 | PDF Continue Reading
Kamiar Mohaddes and Mehdi Raissi Do sovereign wealth funds dampen the negative effects of commodity price volatility? Journal of Commodity Markets, Volume 8, December 2017, Pages 18-27 Continue Reading
David Newbery and Thomas Greve The strategic robustness of oligopoly electricity market models Energy Economics, Volume 68, October 2017, Pages 124-132 Continue Reading
Ibrahim Abada, Andreas Ehrenmann and Xavier Lambin On the viability of energy communities Abstract | Non-Technical Summary | PDF Continue Reading
The UK government has published its strategic assessment and review of GB’s Gas security of supply based on a detailed analysis by CEPA using EPRG’s gas market models. Dr Chi Kong Chyong, EPRG Research Associate & Director of Energy Policy Forum, led the modelling work for this review. A summary of this strategic assessment and… Continue Reading
Kamiar Mohaddes and Mehdi Raissi published an article “Implications of the current low oil prices for MENA countries” on Economic Research Forum website, on 9 October 2017 ‘Oil importers in the region should not overestimate the positive impact of the decline in oil prices on their economies given considerable uncertainty about the persistence of lower oil… Continue Reading
Stephen Littlechild gave a presentation “The return to price caps: Where did it all go wrong and how to fix it?” during Beesley Lectures in London on 5 October 2017 | PDF Continue Reading
Seung Wan Kim, Michael G. Pollitt, Young Gyu Jin, Jip Kim and Yong Tae Yoon Contractual Framework for the Devolution of System Balancing Responsibility from the Transmission System Operator to Distribution System Operators Continue Reading
Felix Grey Corporate lobbying for environmental protection Continue Reading
Chi Kong Chyong was quoted in the article “US anti-Russia sanctions may have negative impact on European energy security” in PenzaNews Agency on 4 August 2017. “While the exporters of gas – Russia and USA – are looking for more customers in the oversupplied market environment, European energy security is at odds: European gas markets are… Continue Reading
We are delighted to announce that Simon Taylor, EPRG Associate Researcher, is the winner of the 2017 Cambridge Judge Business School Sandra Dawson Research Impact Award. Funded by a generous donation from Professor Dame Sandra Dawson, the annual Research Impact Awards recognise the impact of our research on non-academic stakeholders. Awards are made on the basis… Continue Reading
David Reiner and Joel Faulkner Rogers published an article “Energy bill woes are down but support for market intervention remains strong” on YouGov website on 25 July 2017. The full text of the article can be read here Continue Reading
Stephen Littlechild published an article “Competition and Price Controls in the UK Retail Energy Market” in the Australian Competition and Consumer Commission Network publication on 7 July 2017. This lead article summarises and appraises the last decade of UK retail market regulation. The full text of the article can be read here Continue Reading
Kamiar Mohaddes and Hashem Pesaran Oil prices and the global economy: Is it different this time around? Energy Economics, Volume 65, June 2017, Pages 315-325 Continue Reading
Thomas Greve, Fei Teng, Michael Pollitt, Goran Strbac A system operator’s utility function for the frequency response market Continue Reading
EPRG is pleased to announce our successful 2017 EPRG & CEEPR Annual Conference with support from ENEDIS. The Conference took place at The Sorbonne University in Paris on 6 – 7 July and comprised of 1,5 day of sessions and dinner with concert. Continue Reading
Juha Teirilä Market Power in the Capacity Market? The Case of Ireland Continue Reading
Stephen Littlechild and other former UK regulators sent a letter to Dermot Nolan, Ofgem, following a letter from the Secretary of State to Ofgem about the retail energy market, and Ofgem’s statement in response to the letter, on 23 June 2017. The text of the letter can be read here The Secretary of State’s letter and… Continue Reading
David Newbery, Michael Pollitt, Robert Ritz, and Wadim Strielkowski Market design for a high-renewables European electricity system Continue Reading
David Reiner gave a presentation “How ‘Integrated’ is an Integrated Oil and Gas Company (IOC)? Understanding how and why IOCs pursue alternative business models in global natural gas markets” at the Annual International IAEE Conference in Singapore on 19 June 2017 | PDF Continue Reading
Chi Kong Chyong gave a presentation “An Assessment of Gazprom’s Proposed Commitments Concerning Central and Eastern European Gas Markets” during the meeting of International Energy Unit and Strategic and International Analysis, BEIS, in London on 8 June 2017 | PDF Continue Reading
Arjan S. Sidhu, Michael G. Pollitt, and Karim L. Anaya A Social Cost Benefit Analysis of Grid-Scale Electrical Energy Storage Projects: Evaluating the Smarter Network Storage Project Also published in Applied Energy, 2018, volume 212, pp 881-894 Abstract | Non-Technical Summary | PDF Continue Reading
C.K. Chyong published a book chapter “On the Future of Global LNG Trade and Geopolitics’ in the book ‘The Future of Natural Gas – Markets and Geopolitics’, editors Silvia Colombo, Mohamed El Harrak and Nicolo Sartory (2016). The chapter focuses on the emergence of LNG as one of the fastest growing international traded commodities and on its potential… Continue Reading
Chi Kong Chyong published an article “Consequences of Gazprom’s commitments on Central and Eastern European gas markets” on Euractiv website on 11 May 2017. ‘Brussels must look deeper into whether its current regulatory system can provide energy security and fair competition across European gas markets, writes Chi-Kong Chyong‘ The full text can be found here Continue Reading
David Newbery The economics of air pollution from fossil fuels Continue Reading
Dr Chyong submitted his comment to the European Commission, Directorate General for Competition in response to the antitrust case AT.39816 — Upstream gas supplies in central and eastern Europe. The full text can be found here. Further details of the DG COMP’s Antitrust case inquiry can be found here. Continue Reading
Thomas Tangeras Equilibrium supply security in a multinational electricity market with renewable production Continue Reading
David Newbery How to judge whether supporting solar PV is justified Continue Reading
David Newbery What future(s) for liberalized electricity markets: efficient, equitable or innovative? Continue Reading
Michael Pollitt was quoted in several articles which appeared after BEIS Committee Session on How important is long-term access to the EU’s Internal Energy Market post-Brexit? that took place on 21 March 2017 in the House of Commons. David Blackman “Battery prices could soar post-Brexit“, Utility Week, 22 March 2017 George Ogleby “Can the UK become a… Continue Reading
Stephen Littlechild and other former UK energy regulators published an article “Resist the Temptation to Intervene on Energy Prices” in Daily Telegraph on 22 March 2017 (online) and on 23 March 2017 (printed version). The full text of the article can be found here. To view it on Daily Telegraph website, please click here Continue Reading
Michael Pollitt took part in Business, Energy and Industrial Strategy Committee’s session on How important is long-term access to the EU’s Internal Energy Market post-Brexit? that took place on 21 March 2017 in the House of Commons. The whole session can be viewed here or read here. The BEIS Committee report was published on 28 April… Continue Reading
Michael Pollitt, Chung-Han Yang and Hao Chen Reforming the Chinese Electricity Supply Sector: Lessons from International Experience Continue Reading
Chi-Kong Chyong gave a presentation “EPRG research on large-scale numerical modelling of energy markets” during the meeting with National Infrastructure Commission in Cambridge on 2 March 2017 | PDF Continue Reading
Stephen Littlechild The CMA’s assessment of customer detriment in the GB retail energy market Previously published in March 2017 under the title The CMA’s analysis of the retail energy market: an examination using textbook economics. Updated in April 2018 under a new title. Abstract | Non-Technical Summary | PDF Continue Reading
Simon Taylor wrote a letter to Financial Times in response to the editorial “The case for public funding of UK nuclear” from 14 February 2017. The letter titled “The case for state funding must rest on strategic need” was published in FT on 15 February 2017. The full text can be found here | PDF Continue Reading
David Newbery gave a presentation “European Clean Energy Policy for the Electricity Sector” at the 12th AEEE Conference in Salamanca University, Spain, on 2 February 2017 | PDF Continue Reading
Stephen Littlechild and other former energy regulators submitted written evidence to the House of Lords Economic Affairs Committee in response to the inquiry that is investigating the economics of UK Energy Policy. The full text can be found here. Further details of the Committee’s inquiry can be found here. Continue Reading
Michael Pollitt The Economic Consequences of Brexit: Energy Continue Reading
Matti Liski and Iivo Vehviläinen Gone with the wind: an empirical analysis of the renewable energy rent transfer Continue Reading
Gabriel Chan and Laura Diaz Anadon Improving Decision Making for Public R&D Investment in Energy: Utilizing Expert Elicitation in Parametric Models Abstract | Non-Technical Summary | PDF Continue Reading