EPRG Working Paper 1835

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Xiaoping He and David Reiner Consumer Engagement in Energy Markets: The Role of Information and Knowledge Abstract | Non-Technical Summary | PDF

Presentation “The political economy of a carbon price floor for power generation” by R. Ritz

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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

EPRG Working Paper 1834

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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

EPRG Working Paper 1833

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Juha Teirilä and Robert A. Ritz Strategic behaviour in a capacity market? The new Irish electricity market design Abstract | Non-Technical Summary | PDF

Presentation “UK & European gas markets: taking stock and looking forward” by C.K. Chyong

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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

EPRG Working Paper 1832

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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

EPRG Working Paper 1831

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Felix Grey and Robert Ritz Pass-through, profits and the political economy of regulation Abstract | Non-Technical Summary | PDF

Report “Is there competition below the PPM tariff cap? What are the implications for policy?” by S. Littlechild

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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 of tariff caps, small supplier exemptions, and focus on cheapest tariff and on maximising switching…

EPRG Working Paper 1830

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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

EPRG Working Paper 1829

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Karim Anaya and Michael Pollitt Reactive Power Procurement: Lessons from Three Leading Countries Abstract | Non-Technical Summary | PDF  

Presentation “Pass-through, profits and the political economy of regulation” by R. Ritz

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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

EPRG Working Paper 1828

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Paul Simshauser and Alexandr Akimov Regulated electricity networks, investment mistakes in retrospect and stranded assets under uncertainty Abstract | Non-Technical Summary | PDF

M. Pollitt quoted in EURACTIV

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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  

EPRG Working Paper 1827

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Paul Simshauser Price discrimination and the modes of failure in deregulated retail electricity markets Abstract | Non-Technical Summary | PDF

Article “Europe should learn from California’s carbon trading” by R. Ritz and A. van Benthem

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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   

EPRG Working Paper 1826

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Sinan Küfeoğlu, Michael Pollitt & Karim Anaya Electric Power Distribution in the World: Today and Tomorrow Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1825

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Sinan Küfeoğlu, Niyazi Gündüz, Hao Chen and Matti Lehtonen Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1824

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Peiyang Guo, Jacqueline CK Lam, and Victor OK Li A novel machine learning approach for identifying the drivers of domestic electricity users’ price responsiveness Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1823

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Manuel Llorca, Ana Rodríguez-Álvarez, Tooraj Jamasb Objective vs. Subjective Fuel Poverty and Self-Assessed Health Abstract | Non-Technical Summary | PDF

Op-ed “Don’t backpedal on the CO2 price floor” by A. van Benthem and R. Ritz

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Robert Ritz, EPRG Assistant Director, University of Cambridge, and Arthur van Benthem, Wharton School, University of Pennsylvania, published an article “Don’t backpedal on the CO2 price floor" in the leading Dutch newspaper De Volkskrant on 7 August 2018.  To read the article in Dutch, please click here 

EPRG Working Paper 1822

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Niyazi Gündüz, Sinan Küfeoğlu, Christian Winzer and Matti Lehtonen Regional Differences in Economic Impacts of Power Outages in Finland Abstract | Non-Technical Summary | PDF

K. Mohaddes quoted in Egypt Oil & Gas Newspaper

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Kamiar Mohaddes was quoted in the article "Oil Price Fluctuations: Can Egypt’s Economy Stand the Strain?" by Mahinaz El-Baz in Egypt Oil & Gas newspaper on 11 July 2018. The full text of the article can be viewed here Dr. Mohaddes published EPRG WP#1604 on the subject.

Op-ed “Europe needs a minimum price on carbon emissions” by R. Ritz and A. van Benthem

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Robert Ritz, EPRG Assistant Director, University of Cambridge, and Arthur van Benthem, Wharton School, University of Pennsylvania, published an article "Europe needs a minimum price on carbon emissions" in Handelsblatt Global, on 25 July 2018. The full text of the article can be read here.    

Journal Article: Energies, 2018, Vol 11(7)

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Sinan Kufeoglu, Niyazi Gunduz, Hao Chen, and Matti Lehtonen Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland Energies 2018, Volume 11, Issue 7, 12 July 2018

Op-ed “Evaluating the case for supporting renewable electricity” by D. Newbery

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David Newbery published an article "Evaluating the case for supporting renewable electricity" on Vox Cepr Policy Portal on 20 July 2018. To read the article, please click here  

CEEPR & EPRG European Energy Policy Conference, Berlin, Germany, 2-3 July 2018

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EPRG is pleased to announce our successful 2018 CEEPR/EPRG Annual Conference with support from EnBW. The Conference took place in Kalkscheune, in Berlin, Germany, on 2 – 3 July and comprised of 1,5 day of sessions and dinner. PROGRAMME MONDAY, 2 JULY, 2018 SESSION 1 - OUR WORLD IN 2050: WHAT DOES THE FUTURE LOOK LIKE? Chaired by  Michael Pollitt (EPRG)                      Karsten Neuhoff (DIW) - Our World in 2050: Three Factors Determining How…

EPRG Working Paper 1821

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Paul Simshauser Missing money, missing policy and Resource Adequacy in Australia’s National Electricity Market Abstract | Non-Technical Summary | PDF

Presentation “Oil Price Volatility, Climate Change Uncertainty, and Macroeconomic Policy” by K. Mohaddes

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Kamiar Mohaddes, EPRG Associate Researcher, gave a presentation "Oil Price Volatility, Climate Change Uncertainty, and Macroeconomic Policy" at ERF Conference "The New Normal in the Global Economy: Challenges and Prospects for MENA", in Cairo, Egypt, on 9 July 2018 | PDF   You can also view the presentation here 

Report “Reactive Power Management and Procurement Mechanisms: Lessons for the Power Potential Project” by K. Anaya and M. Pollitt

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Karim Anaya and Michael Pollitt wrote a report for National Grid Power Potential Project titled "Reactive Power Management and Procurement Mechanisms: Lessons for the Power Potential Project" that was published on National Grid website on 11 June 2018. The Power Potential initiative is a customer funded project that is being implemented by National Grid and UK Power Networks. The aim of Power Potential is to introduce a market-based mechanism for…

Presentation “When is a carbon price floor desirable?” by R. Ritz

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Robert Ritz gave a presentation “When is a carbon price floor desirable?" to the French arm of the International Association for Energy Economics (IAEE) at a special event on carbon price floors held at Paris Dauphine University on 4 July 2018 | PDF

Policy Brief “A carbon price floor for power generation to reaffirm EU climate leadership” by D. Newbery, D. Reiner and R. Ritz

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David Newbery, David Reiner and Robert Ritz published a Policy Brief "A carbon price floor for power generation to reaffirm EU climate leadership" on 28 June 2018. The brief is based on the EPRG Working Paper #1816   'The European Union should introduce a minimum price on carbon dioxide from electricity generation to accelerate low-carbon investment and the switch from coal-fired generation to cleaner gas. Such a minimum price could be introduced…

Journal Article: Energy Policy, 2018, Vol 120

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David Newbery Evaluating the case for supporting renewable electricity Energy Policy, Volume 120, September 2018, Pages 684-696 Earlier version EPRG Working Paper #1706

EPRG Working Paper 1820

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Xiao-Yan Liu, Li-Qiu Liu, Bai-Chen Xie, Michael G. Pollitt Does environmental heterogeneity affect the productive efficiency of grid utilities in China? Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1819

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Hao Chen, Chi Kong Chyong, Jia-Ning Kang, Yi-Ming Wei Economic dispatch in the electricity sector in China: potential benefits and challenges ahead Abstract | Non-Technical Summary | PDF

Presentation “UK Electricity Market Reform and the Energy Transition: Emerging Lessons” by D. Newbery

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David Newbery gave a presentation "UK Electricity Market Reform and the Energy Transition: Emerging Lessons" at 41st International IAEE Conference in Groningen, The Netherlands, on 12 June 2018 | PDF  

S. Littlechild latest submission to CMA

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Stephen Littlechild has made a further submission to the CMA investigation of the SSE-Npower merger, suggesting that divestment to smaller suppliers of some 740,000 long-standing Npower domestic energy customers on Standard Variable Tariffs would address the CMA’s recently identified theory of harm associated with a loss of rivalry in the setting of default tariff prices | PDF  

EPRG Working Paper 1818

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Victor Ajayi and David Reiner European Industrial Energy Intensity: The Role of Innovation 1995-2009 Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1817

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Michael Grubb and David Newbery UK Electricity Market Reform and the Energy Transition: Emerging Lessons Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1816

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David Newbery, David Reiner, and Robert Ritz When is a carbon price floor desirable? Abstract | Non-Technical Summary | PDF Policy Brief "A carbon price floor for power generation to reaffirm EU climate leadership", based on this paper, can be read here 

EPRG Working Paper 1815

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Michael Pollitt The European Single Market in Electricity: An Economic Assessment Abstract | Non-Technical Summary | PDF    

K. Mohaddes quoted in Albawaba News

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Kamiar Mohaddes was quoted in the article "This is 'Winning'? Ending the Iran Deal is Alienating European Allies & Strengthening the Yuan" by Eleanor Beevor, on Albawaba News, on 14 May 2018. The interview covers his views on the likely impact on Iran's oil exports following President Trump's withdraw from JCPOA and unilateral sanctions by the US. Dr. Mohaddes published EPRG WP#1512 on the subject.  The full article can be read here

EPRG News

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We are pleased to announce that Robert Ritz, one of EPRG’s Assistant Directors, has been appointed as a member of Ofgem’s Academic Panel. The Panel is set to enhance Ofgem's strategic thinking and early-stage policy development. More details on the Panel, its aims and current members can be found here  

Filed Under: Featured Items, News
Authors: R. Ritz

EPRG Working Paper 1814

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Sinan Kufeoglu and Michael Pollitt The impact of PVs and EVs on Domestic Electricity Network Charges: a case study from Great Britain Abstract | Non-Technical Summary | PDF

Journal Article: Utilities Policy, 2018, Vol 52

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Stephen Littlechild Competition, regulation and price controls in the GB retail energy market Utilities Policy, Volume 52, June 2018, Pages 59-69

EPRG Working Paper 1813

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Mohammad Hesamzadeh, Par Holmberg, Mahir Sarfati Simulation and Evaluation of Zonal Electricity Market Design Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1812

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Ibrahim Abada, Andreas Ehrenmann, Xavier Lambin Unintended consequences: The snowball effect of energy communities Abstract | Non-Technical Summary | PDF

Comment “Competition, Regulation and Price Controls in the GB Retail Energy Market” by S. Littlechild

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Stephen Littlechild's paper "Competition, Regulation and Price Controls in the GB Retail Energy Market" is a revised and updated version of his July 2017 lead article in Australian Competition and Consumer Commission (ACCC) Network, which summarises and appraises the last decade of UK retail energy market regulation. The revised paper has been submitted to Utilities Policy. The full text can be found here The original article in ACCC Network can be read here  

EPRG Working Paper 1811

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Jacqueline CK Lam, Victor OK Li, David M. Reiner, Yang Han, and Shan Shan Wang Trust in Government and Effective Nuclear Safety Governance in Great Britain Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1810

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Hao Yu, David M. Reiner, Hao Chen, Zhifu Mi A comparison of public preferences for different low-carbon energy technologies: Support for CCS, nuclear and wind energy in the United Kingdom Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1809

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Tooraj Jamasb, Manuel Llorca, Pavan Khetrapal, Tripta Thakur Institutions and Performance of Regulated Firms: Evidence from Electric Utilities in the Indian States Abstract | Non-Technical Summary | PDF

Op-ed “Can Sovereign Wealth Funds Mitigate the Negative Impact of Volatility?” by K. Mohaddes

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Kamiar Mohaddes and Mehdi Raissi's paper "Can Sovereign Wealth Funds Mitigate the Negative Impact of Volatility?" is published in Economic Research Forum Policy Brief #31 in March 2018. The full text can be found here

S. Littlechild latest submission to CMA

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Stephen Littlechild has made a submission to the CMA investigation of the SSE-Npower merger, suggesting that the two companies agree to divest long-standing customers on Standard Variable Tariffs to smaller suppliers in the domestic energy market. He identifies ten respects in which this would increase competition, which is particularly important in present circumstances | PDF  

EPRG Working Paper 1808

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Michael Grubb, Jean-Francois Mercure, Pablo Salas, Rutger-Jan Lange, Ida Sognnaes Systems Innovation, Inertia and Pliability:  A mathematical exploration with implications for climate change abatement Abstract | Non-Technical Summary | PDF

K. Mohaddes quoted in Albawaba News

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Kamiar Mohaddes was quoted in the article "Reneging on the Nuclear Deal Will Isolate America, Empower China, and Distance Europe" by Eleanor Beevor, on Albawaba News, on 28 February 2018. The article also makes a reference of Kamiar's work "Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis" that was written together with H. Pesaran. The full text of the newspaper article can be found here  

Report “The Regulation of Retail Competition in US Residential Electricity Markets” by S. Littlechild

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Stephen Littlechild wrote a report on US competitive electricity markets "The Regulation of Retail Competition in US Residential Electricity Markets". The report explains that all competitive retail markets in the US except Texas require incumbent network utilities to offer a default supply service to customers who do not choose a retail supplier, and to do so at a rate that reflects the competitive wholesale market price. The report explains how…

Presentation “Global gas markets and the future of natural gas” by R. Ritz

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Robert Ritz gave a keynote on "Global gas markets and the future of natural gas" at the 2018 Energy Transitions Conference at NTNU Trondheim, Norway, on 27 February 2018 | PDF

EPRG Working Paper 1807

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Michael Pollitt, Chung-Han Yang and Hao Chen Restructuring the Chinese Electricity Supply Sector: An assessment of the market pilot in Guangdong Province Abstract | Non-Technical Summary | PDF The Chinese version of this paper can be viewed here

EPRG Working Paper 1806

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Natalia Fabra A Primer on Capacity Mechanisms Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1805

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Mengfei Jiang, Xi Liang, David Reiner, Boqiang Lin and Maosheng Duan Stakeholder Views on Interactions between Low-carbon Policies and Carbon Markets in China: Lessons from the Guangdong ETS Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1804

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Karim Anaya and Michael Pollitt Storage Business Models: Lessons for Electricity from Natural Gas, Cloud Data and Frozen Food Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1803

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Kathryn Chelminski Harnessing the Ring of Fire: Political economy of clean energy development finance on geothermal development in Indonesia and the Philippines Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1802

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Geoffroy Dolphin and Michael Pollitt International spillovers and carbon pricing Policies Abstract | Non-Technical Summary | PDF

Article “An energy price cap will damage the industry. Here’s a viable alternative” by S. Littlechild

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Stephen Littlechild published an article "An energy price cap will damage the industry. Here's a viable alternative" in the Daily Telegraph on 9 January 2018 | PDF To read the article online, please click here

Presentation “Competition and the UK Retail Energy Market” by S. Littlechild

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Stephen Littlechild gave a presentation "Competition and the UK retail energy market: Lessons for Australia?" during AEC Luncheon Seminar in Park Hyatt, Melbourne, Australia on 29 November 2017 | PDF He also presented "Competition and the UK retail energy market" at Meridian Energy Seminars, Wellington, New Zealand on 23 November 2017 | PDF   You can view this presentation here   

EPRG Working Paper 1801

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Mahmud I. Imam, Tooraj Jamasb, and Manuel Llorca Sector Reforms and Institutional Corruption: Evidence from Electricity Industry in Sub-Saharan Africa Previously published in January 2018 under the title Power Sector Reform and Corruption: Evidence from Sub-Saharan Africa. Updated in May 2018 under a new title. Abstract | Non-Technical Summary | PDF  

S. Littlechild latest submission to BEIS

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Stephen Littlechild and other former energy regulators of the UK submitted a written evidence to the BEIS Select Committee on pre-legislative scrutiny of the draft domestic gas and electricity (tariff cap) bill  in November 2017. The full text can be found here. On 12 December 2017, S. Littlechild gave evidence in person during the Select Committee meeting. The written transcript of the meeting can be found here. The meeting can also be viewed here The follow-up…

EPRG Working Paper 1721

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Ilkka Hannula and David Reiner The race to solve the sustainable transport problem via carbon-neutral synthetic fuels and battery electric vehicles Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1720

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Gauthier de Maere d’Aertrycke, Andreas Ehrenmann, Daniel Ralph, and Yves Smeers Risk trading in capacity equilibrium models Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1719

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David Newbery Designing an electricity wholesale market to accommodate significant renewables penetration: Lessons from Britain Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1718

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Karim Anaya and Michael Pollitt Regulating the Electricity System Operator: Lessons for Great Britain from around the world Abstract | Non-Technical Summary | PDF

Report for Ofgem on International Electricity System Operator Regulation by K.L Anaya & M.G. Pollitt

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  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

Comment “Will The Market Delivery Security of Gas Supply? The Case of the UK and Italy” by C.K.Chyong

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  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 that security is transparently and competitively set. The UK and Italian cases provide further support…

Study “Brexit and its implications for British and EU Energy and Climate Policy” by M. Pollitt and C.K. Chyong

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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

Presentation “Oil Prices and the Global Economy: Is It Different This Time Around?” by K. Mohaddes

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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  

EPRG Working Paper 1717

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William J. Nuttall, Constantine Samaras, and Morgan Bazilian Energy and the Military: Convergence of Security, Economic, and Environmental Decision-Making Abstract | Non-Technical Summary | PDF

Journal Article: Journal of International Economics, 2017, Vol 106

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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

Presentation “Do Sovereign Wealth Funds Dampen the Negative Effects of Commodity Price Volatility?” by K. Mohaddes

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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   

Journal Article: Journal of Commodity Markets, 2017, Vol. 8

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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   

Journal Article: Energy Economics, 2017, Vol. 68

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David Newbery and Thomas Greve The strategic robustness of oligopoly electricity market models Energy Economics, Volume 68, October 2017, Pages 124-132

EPRG Working Paper 1716

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Ibrahim Abada, Andreas Ehrenmann and Xavier Lambin On the viability of energy communities Abstract | Non-Technical Summary | PDF

A Review of Gas Security of Supply within Great Britain’s Gas Market – From the Present to 2035

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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 review can be found here Full report can be found here Peer-reviewed academic paper outlining…

Article “Implications of the current low oil prices for MENA countries” by K. Mohaddes

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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 prices and the availability of external financing and weak demand growth in oil-exporting trade partners".…

Presentation “The return to price caps: Where did it all go wrong and how to fix it?” by S. Littlechild

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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

EPRG Working Paper 1715

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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 Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1714

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Felix Grey Corporate lobbying for environmental protection Abstract | Non-Technical Summary | PDF

C.K. Chyong quoted in PenzaNews Agency

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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 very diverse – for some markets, more cheap Russian gas does not create huge energy…

Simon Taylor – recipient of the 2017 CJBS Sandra Dawson Research Impact Award

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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 of Reach: the extent and diversity of the organisations that have benefited from the research, and…

Filed Under: Featured Items, News
Authors: S.taylor

Article “Energy bill woes are down but support for market intervention remains strong” by D. Reiner

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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

Article “Competition and Price Controls in the UK Retail Energy Market” by S. Littlechild

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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  

Journal Article: Energy Economics, 2017, Vol. 65

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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  

EPRG Working Paper 1713

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Thomas Greve, Fei Teng, Michael Pollitt, Goran Strbac A system operator’s utility function for the frequency response market Abstract | Non-Technical Summary | PDF

EPRG & CEEPR Annual Conference with support of ENEDIS, Paris, France, 6-7 July 2017

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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. PROGRAMME Thursday, 6 July 2017 SESSION 1 - ENERGY TRANSITIONS IN EUROPE AND IN THE US Chaired by Joshua Hodge (MIT) John Parsons (MIT) - Energy Transition in the U.S. David Reiner (EPRG) - Energy Transitions and…

EPRG Working Paper 1712

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Juha Teirilä Market Power in the Capacity Market? The Case of Ireland Abstract | Non-Technical Summary | PDF

Letter from S. Littlechild to Ofgem on retail energy market , 23 June 2017

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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 Ofgem statement can be found here  

EPRG Working Paper 1711

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David Newbery, Michael Pollitt, Robert Ritz, and Wadim Strielkowski Market design for a high-renewables European electricity system Abstract | Non-Technical Summary | PDF

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” by D. Reiner

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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

Presentation “An Assessment of Gazprom’s Proposed Commitments Concerning Central and Eastern European Gas Markets” by C.K. Chyong

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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  

EPRG Working Paper 1710

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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 Abstract | Non-Technical Summary | PDF

Book Chapter “On the Future of Global LNG Trade and Geopolitics” by C.K. Chyong

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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 contribution to the integration of once regional natural gas segments into the globalized markets. The…

Op-ed “Consequences of Gazprom’s commitments on Central and Eastern European gas markets” by C. K. Chyong

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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

EPRG Working Paper 1708

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David Newbery The economics of air pollution from fossil fuels Abstract | Non-Technical Summary | PDF

C.K. Chyong submission to DG COMP regarding Gazprom commitments concerning Central and Eastern European gas markets

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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.

EPRG Working Paper 1707

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Thomas Tangeras Equilibrium supply security in a multinational electricity market with renewable production Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1706

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David Newbery How to judge whether supporting solar PV is justified This paper was updated in December 2017 and replaced the previous version published in June 2017 Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1705

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David Newbery What future(s) for liberalized electricity markets: efficient, equitable or innovative? Abstract | Non-Technical Summary | PDF

M. Pollitt quoted in articles dedicated to BEIS Committee Session on Post-Brexit

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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 world-leader on decentralised energy post-Brexit?", Edie.net, 22 March 2017 Madeleine Cuff "Hard exit from EU…

Article “Resist the Temptation to Intervene on Energy Prices” by S. Littlechild

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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

BEIS Committee Session on Post-Brexit with M. Pollitt, 21 March 2017

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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 2017 and can be found here  

EPRG Working Paper 1704

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Michael Pollitt, Chung-Han Yang and Hao Chen Reforming the Chinese Electricity Supply Sector: Lessons from International Experience Abstract | Non-Technical Summary | PDF The Chinese version of this paper can be viewed here

Presentation “EPRG research on large-scale numerical modelling of energy markets” by C.K. Chyong

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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

EPRG Working Paper 1703

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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

Letter “The case for state funding must rest on strategic need” by S. Taylor, Financial Times, 15 February 2017

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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  

Presentation “European Clean Energy Policy for the Electricity Sector” by D. Newbery

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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  

S. Littlechild latest submission to the House of Lords

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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.

EPRG Working Paper 1702

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Michael Pollitt The Economic Consequences of Brexit: Energy Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1701

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Matti Liski and Iivo Vehviläinen Gone with the wind: an empirical analysis of the renewable energy rent transfer Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1631

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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

Policy Brief “The US Shale Oil Revolution Requires Major Reforms in the Macroeconomic Policy Frameworks and Institutions in the MENA Region” by K. Mohaddes

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Kamiar Mohaddes, EPRG Associate Researcher, published a policy brief "The US Shale Oil Revolution Requires Major Reforms in the Macroeconomic Policy Frameworks and Institutions in the MENA Region" at the Economic Research Forum. The brief is available online

EPRG Working Paper 1630

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Luis Orea, Inmaculada C. Álvarez, and Tooraj Jamasb Using a spatial econometric approach to mitigate omitted variables in stochastic frontier models: An application to Norwegian electricity distribution networks Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1629

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Thomas Greve and Michael Pollitt A Future Auction Mechanism for Distributed Generation Abstract | Non-Technical Summary | PDF

Presentation “Some Economics of Natural Gas Storage in North West Europe” by C.K. Chyong

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Chi-Kong Chyong gave a presentation "Some Economics of Natural Gas Storage in North West Europe" at the AIEE Energy Symposium on Current and Future Challenges to Energy Security, on 1 December 2016 in Milan, Italy | PDF

EPRG Working Paper 1628

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Ana Rodríguez-Álvarez, Luis Orea and Tooraj Jamasb Fuel Poverty and Well-Being: A Consumer Theory and Stochastic Frontier Approach Abstract | Non-Technical Summary | PDF

Presentation “OPEC vs US shale: Analyzing the shift to a market-share strategy” by R. Ritz

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Robert Ritz gave a presentation "OPEC vs US shale: Analyzing the shift to a market-share strategy" at Oxford Centre for the Analysis of Resource-Rich Economies (OxCarre) on 15 November 2016 | PDF  

Article “Climate Policy After the Paris 2015 Climate Conference” by J. Vinuales, J. Depledge, D. Reiner and E. Lees

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David Reiner together with Jorge Vinuales, Joanna Depledge and Emma Lees published a guest edited issue of Climate Policy journal (vol 17, #1) 'Climate Policy After the Paris 2015 Climate Conference' on 7 November 2016. The article covers the prospects of the Paris Agreement of the Climate Policy that follows from the Post-Paris Conference held in Cambridge in January 2016.  The full text can be read here. 

Interview with S. Taylor on Nuclear Futures, BBC Radio 4

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Simon Taylor, EPRG Associate Researcher, was interviewed for BBC Radio 4 programme Costing the Earth on Nuclear Futures. The programme was broadcast on 1 & 2 November 2016 and covered the subject of extending the lives of the UK's older nuclear power stations. To listen to the interview, please click here

EPRG Working Paper 1627

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G. Dolphin, M. Pollitt, and D. Newbery The Political Economy of Carbon Pricing: a Panel Analysis Abstract | Non-Technical Summary | PDF

Presentation “Business Models for Future Energy Systems” by M. Pollitt

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Michael Pollitt gave a presentation "Business Models for Future Energy Systems" during BIEE's 11th Oxford research conference that took place at St John's College, Oxford on 21-22 September 2016 | PDF

EPRG Working Paper 1626

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David Newbery A simple introduction to the economics of storage: shifting demand and supply over time and space Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1625

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Thomas Greve, Charalampos Patsios, Michael G. Pollitt, and Phil Taylor Economic zones for future complex power systems Abstract | Non-Technical Summary | PDF  

EPRG Working Paper 1624

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Marta Rocha and Thomas Greve Contracting in a market with differential information Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1623

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Michael Pollitt Electricity Network Charging for Flexibility Abstract | Non-Technical Summary | PDF

EPRG Workshop “Implications of Brexit for UK and EU Energy and Climate Policy”, 6 September 2016

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EPRG held a workshop on “Implications of Brexit for UK and EU Energy and Climate Policy” on 6 September 2016 at Sidney Sussex College. The Workshop comprised of 3 panel discussions sessions and finished with a dinner which included a keynote speaker, Vicky Ford, MEP and Chair of the Committee on Internal Market and Consumer Protection, European Parliament.  PROGRAMME Keynote – Legal Issues and Brexit - Prof Kenneth Armstrong, Faculty of Law,…

Public comment outline for FTC investigation by M. Pollitt and W. Strielkowski

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Michael Pollitt and Wadim Strielkowski submitted public comment Consumer solar distributed generation (DG): net metering and some competition issues to Federal Trade Commission (USA) under FTC initiative on Competition and Consumer Protection Issues in the Rooftop Solar Business, on 22 August 2016. To read the comment please click here 

EPRG Working Paper 1622

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Manuel Llorca and Tooral Jamasb Energy Efficiency and Rebound Effect in European Road Freight Transport Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1621

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Francisco D. Munoz, Adriaan Hendrik van der Weijde, Benjamin F. Hobbs and Jean-Paul Watson Does risk aversion affect transmission and generation planning? A Western North America case study Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1620

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Rowan Adams and Tooraj Jamasb Optimal Power Generation Portfolios with Renewables: An Application to the UK Abstract | Non-Technical Summary | PDF

Article “Is cheap oil really good for the global economy?” by K. Mohaddes

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Kamiar Mohaddes, EPRG Associate Researcher, published an article "Is cheap oil really good for the global economy?" in Financial Times on 14 July 2016. To read the article, please click here.

EPRG Working Paper 1619

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Ibrahim Abada and Andreas Ehrenmann The prisoner’s dilemma in Cournot models: when endogenizing the level of competition leads to competitive behaviors Abstract | Non-Technical Summary | PDF

CEEPR & EPRG European Energy Policy Conference, Paris, France, 7-8 July 2016

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EPRG is pleased to announce our successful 2016 CEEPR/EPRG Annual Conference with support from EDF Energy. The Conference took place in George C. Marshall Centre in Paris, France, on 7 – 8 July and comprised of 1,5 day of sessions and dinner. PROGRAMME Thursday, 7 July 2016 SESSION 1 - IN SEARCH OF GOOD ENERGY POLICY Chaired by Olivier Appert (French Energy Council) Michael Pollitt (EPRG) - In Search of ‘Good’ Energy Policy: why multi-disciplinary approaches to Energy and Climate problems are so…

Presentation “Oil Prices and the Global Economy: Is It Different This Time Around?” by K. Mohaddes

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Kamiar Mohaddes, EPRG Associate Researcher, gave a presentation "Oil Prices and the Global Economy: Is It Different This Time Around?" at the IIEA Conference on Iran's Economy at Philipps-University of Marburg, Germany on 18 June 2016 | Slides

S. Littlechild’s latest submission to Energy and Climate Change Committee

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Stephen Littlechild and other former energy regulators of the UK submitted a paper to Energy and Climate Change Committee for Committee's oral hearing on the CMA energy market report that took place on 5 July 2016. The full text can be read here

EPRG Working Paper 1618

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David Newbery Pricing Electricity and Supporting Renewables in Heavily Energy Subsidized Economies The WP was slightly revised on 19 August 2016 Abstract | Non-Technical Summary | PDF  

D. Newbery’s latest contribution to DECC, 10 March 2016

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David Newbery's latest contribution to DECC "How do we get to an electricity market with government making as few decisions as possible by 2025?", 10 March 2016. To full text can be found here.

Presentation “What are the prospects for electrical energy storage (EES)? Lessons from Europe and California” by M. Pollitt

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Michael Pollitt gave a presentation "What are the prospects for electrical energy storage (EES)? Lessons from Europe and California" at the International Conference on the Frontier of Advanced Batteries, CIBF2016 and the 6th China International Energy Storage Conference in Shenzhen, China, on 25 May 2016 | PDF  

EPRG Working Paper 1617

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David Newbery Questioning the EU Target Electricity Model – how should it be adapted to deliver the Trilemma? Also published in Energy Policy under the title “Tales of Two Islands - Lessons for EU Energy Policy from Electricity Market Reforms in Britain and Ireland”  and available here Abstract | Non-Technical Summary | PDF

Presentation “In Search of ‘Good’ Energy Policy: why multi-disciplinary approaches to Energy and Climate problems are so important” by M. Pollitt

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Michael Pollitt gave a presentation "In Search of 'Good' Energy Policy: why multi-disciplinary approaches to Energy and Climate problems are so important" at CEEP, Beijing Institute of Technology, China, on 20 May 2016 | PDF

EPRG Working Paper 1616

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Laura-Lucia Richter and Michael Pollitt Which Smart Electricity Services Contracts Will Consumers Accept? The demand for compensation in a platform market First published in May 2016, this WP was updated in November 2016  Abstract | Non-Technical Summary | PDF

S. Littlechild’s latest contributions to CMA Provisional Decision on Remedies

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Stephen Littlechild's latest response to CMA Provisional Decision on Remedies from 11 April 2016 and Supplementary Submission on Provisional Decision on Remedies from 20 April 2016.    

EPRG Working Paper 1615

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Laura-Lucia Richter and Melvyn Weeks Flexible Mixed Logit with Posterior Analysis: Eliciting Willingness to Pay for Grid Resilience Abstract | Non-Technical Summary | PDF

David MacKay’s final interview and tribute

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The final interview with David MacKay (22 April 1967 - 14 April 2016) appeared in the article "Idea of renewables powering UK is an 'appalling delusion'"  in The Guardian on 3 May 2016. To read the article and listen to the interview, please click here

EPRG Working Paper 1614

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Francisco Castellano Ruz and Michael G. Pollitt Overcoming barriers to electrical energy storage: Comparing California and Europe Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1613

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Thomas Greve and Michael Pollitt A VCG Auction for Electricity Storage Abstract | Non-Technical Summary | PDF

Article “The Folly of Hinkley” by S. Taylor

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Simon Taylor, Director of the Master of Finance Programme, Judge Business School, University of Cambridge, and EPRG Associate Researcher, published an article "The Folly of Hinkley" in Prospect magazine on 21 April 2016. To read the article, please click here.

Presentation ” Strategic investment, multimarket interaction and competitive advantage: An application to the natural gas industry” by R. Ritz

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Robert Ritz gave a presentation " Strategic investment, multimarket interaction and competitive advantage: An application to the natural gas industry" during the Seminar in Energy Economics, at Ecole des Mines & Paris Dauphine, France, on 13 April 2016 | PDF

Professor Sir David MacKay (22 April 1967 – 14 April 2016)

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We were saddened by the death of our colleague and associate Sir David MacKay, Regius Professor of Engineering at Cambridge, DECC's former Chief Scientific Advisor, on 14 April 2016 at the age of 48. The Secretary of State for Energy and Climate Change, Amber Rudd, posted that “David was the model of a scientist in government; challenging, insightful and with the ability to explain the most complex subjects in a…

Article “What is needed for battery electric vehicles to become socially cost competitive?” by D. Newbery and G. Strbac

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The article "What is needed for battery electric vehicles to become socially cost competitive?" by David Newbery and Goran Strbac was published on ScienceDirect website on 6 April 2016. To read the article in PDF, please click here. To access the online version (available till 26 May 2016), please click here 

Comment on Future of Nuclear Industry, House of Commons Select Committee, by S. Taylor

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Simon Taylor, Director of the Master of Finance Programme, Judge Business School, University of Cambridge, and EPRG Associate Researcher, was invited to the House of Commons Select Committee on Energy and Climate Change to give evidence on the future of the Nuclear Power and Hinkley Project industry on 23 March, 2016. To listen to the recording, please click here

Article “Hinkley Point is a costly mistake, but only France can pull the plug” by S. Taylor

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Simon Taylor, Director of the Master of Finance Programme, Judge Business School, University of Cambridge, and EPRG Associate Researcher, published an article "Hinkley Point is a costly mistake, but only France can pull the plug" in The Guardian on 14 March 2016. "Vincent de Rivaz, chief executive of EDF Energy, once boasted that British customers would be cooking their Christmas turkeys in 2017 with electricity from the proposed new Hinkley Point…

EPRG Working Paper 1612

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Alberto Behar and Robert A. Ritz OPEC vs US shale oil: Analyzing the shift to a market-share strategy Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1611

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Musiliu O. Oseni and Michael G. Pollitt The prospects for smart energy prices: observations from 50 years of residential pricing for fixed line telecoms and electricity Abstract | Non-Technical Summary | PDF  

EPRG Working Paper 1610

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Robert A. Ritz How does renewables competition affect forward contracting in electricity markets? Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1609

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Karsten Neuhoff, Nolan Ritter, Aymen Salah-Abou-El-Enien and Philippe Vassilopoulos Intraday Markets for Power: Discretizing the Continuous Trading? Abstract | Non-Technical Summary | PDF

Book “The Fall and Rise of Nuclear Power in Britain” by S. Taylor

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Simon Taylor, Director of the Master of Finance Programme, Judge Business School, University of Cambridge, and EPRG Associate Researcher, published his new book "The Fall and Rise of Nuclear Power in Britain". The book is now available here.    The review of the book in the latest Nature Energy by Prof Gordon Mackerron can be read here. The review in the Financial Times online by Geoffrey Owen was in the print edition on Saturday,…

Report “Delivering future-proof energy infrastructure” by M. Pollitt

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The report "Delivering future-proof energy infrastructure" written by Goran Strobac, Ioannis Konstantelos, Michael Pollitt and Richard Green for the National Infrastructure Commission was mentioned in BBC Business News in the article Smart energy could save £8bn a year, say advisers by Roger Harrabin on 4 March 2016.  To read the article, please click here To read the full report, please click here

EPRG Working Paper 1608

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Michael Pollitt A Global Carbon Market? Abstract | Non-Technical Summary | PDF

Executive Summary of Climate Change and Energy After Paris Conference, 22 January 2016, Cambridge

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The Executive Summary of the Conference What Now? Climate Change and Energy After Paris that took place in Selwyn College, University of Cambridge, on 22 January 2016. The full text of the Summary can be found here.  

S. Taylor quoted in “What’s the (Hinkley) Point?”, The Economist, 27 February 2016

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The new book " The Fall and Rise of Nuclear Power in Britain" by Simon Taylor was featured in the article What's the (Hinkley) Point? published in The Economist on 27 February 2016.  To read the article, please click here

EPRG Working Paper 1607

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David Newbery Policies for decarbonizing a liberalized power sector Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1606

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Olaf Corry and David Reiner It’s the Society, Stupid! Communicating Emergent Climate Technologies in the Internet Age Abstract | Non-Technical Summary | PDF  

EPRG Working Paper 1605

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Janusz Brzeszczyński, Binam Ghimire, Tooraj Jamasb, and Graham McIntosh Socially Responsible Investment and Market Performance: The Case of Energy and Resource Firms Abstract | Non-Technical Summary | PDF  

Stephen Littlechild’s latest contribution to CMA’s current Energy market investigation

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Stephen Littlechild's latest contribution to CMA's current Energy market investigation "The CMA energy market investigation, the well-functioning market, Ofgem, Government and behavioural economics". This paper is forthcoming in the European Competition Journal, March 2016. Executive Summary | Text   

EPRG Working Paper 1604

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Kamiar Mohaddes and Mehdi Raissi The U.S. Oil Supply Revolution and the Global Economy Abstract | Non-Technical Summary | PDF This paper was published as an IMF (click here) and Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute (click here) Working Papers series  Also, this paper was referred to in the Financial Times on 27 January 2016 (click here)

EPRG Working Paper 1603

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Arjun Mahalingam and David Reiner Energy Subsidies at Times of Economic Crisis: A Comparative Study and Scenario Analysis of Italy and Spain Abstract | Non-Technical Summary | PDF

Comment on Effect of El Niño on CCTV by K. Mohaddes

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Kamiar Mohaddes, EPRG Associate Researcher, was invited as a panelist on the programme The Heat: El Niño and its Global Effects broadcast on 21 January 2016 on CCTV America. To view the programme, please click here  

EPRG Working Paper 1602

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Chi Kong Chyong and Roman Kazmin The Economics of Global LNG Trade: The Case of Atlantic and Pacific Inter-Basin Arbitrage in 2010-2014 Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1601

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David Newbery The long-Run Equilibrium Impact of Intermittent Renewables on Wholesale Electricity Prices Abstract | Non-Technical Summary | PDF

David MacKay Received Knighthood for His Work in Energy and Climate Change

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David MacKay, Regius Professor of Engineering, Cambridge University Engineering Department, lately Chief Scientific Advisor at DECC, and EPRG Associate Researcher, has been awarded a Knighthood in the 2016 New Year Honours List for "services to Scientific Advice in Government and Science Outreach". Congratulations to Professor MacKay! We at EPRG are very proud to count him as one of our Associate Researchers.

Comment on effects of El Niño on BBC by K. Mohaddes

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Kamiar Mohaddes, EPRG Associate Researcher, was interviewed by BBC World Service on 30 December 2015. The interview covered Dr. Mohaddes's recent research on El Niño and its economic effects around the world. The interview can be found here (5:36 min onwards) 

EPRG Working Paper 1525

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Thomas Triebs and Michael Pollitt The Direct Costs and Benefits of US Electric Utility Divestitures Abstract | Non-Technical Summary | PDF Note: This Working Paper replaces EPRG WP#1024

EPRG Working Paper 1524

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Chi Kong Chyong Markets and long-term contracts: The case of Russian gas supplies to Europe Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1523

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Pär Holmberg and Frank Wolak Electricity markets: Designing auctions where suppliers have uncertain costs Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1522

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David Newbery and Thomas Greve The robustness of industrial commodity oligopoly pricing strategies Abstract | Non-Technical Summary | PDF Note: This Working Paper replaces EPRG WP #1318   

EPRG Working Paper 1521

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Edward Anderson and Pär Holmberg Price Instability in Multi-Unit Auctions Abstract | Non-Technical Summary | PDF

Article “Don’t Blame the Abundance of Oil” by K. Mohaddes

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Kamiar Mohaddes, Lecturer and Fellow in Economics, Girton College, University of Cambridge, and EPRG Associate Researcher, wrote a blog "Don't Blame the Abundance of Oil" that was published in Huffington Post on 25 November 2015. The full text can be found here

EPRG Working Paper 1520

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Michael Pollitt In Search of 'Good' Energy Policy: The Social Limits to Technological Solutions to Energy and Climate Problems Abstract | Non-Technical Summary | PDF

Comment “Response to CMA on Supplemental Remedies” by S. Littlechild

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Stephen Littlechild and the other former energy regulators recently submitted their response to CMA on Supplemental Remedies. In their response they argue that prohibiting Standard Variable Tariffs would overrule customer preferences. It would be better to promote more competition for SVTs. They also propose an alternative way forward, to recognise that the extent of Ofgem’s post-2008 interventions make it difficult to make an informed judgement on whether other factors have…

Comment on effects of El Niño on CCTV America by K. Mohaddes

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Kamiar Mohaddes, EPRG Associate Researcher, was interviewed by CCTV America News Channel on El Niño's weather related impact on world business. His research on the topic was also mentioned in The Economist. To view the interview, please click here. To read the article, please click here.  

EPRG Working Paper 1519

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M. Pollitt and K. Anaya Can current electricity markets cope with high shares of renewables? A comparison of approaches in Germany, the UK and the State of New York. Abstract | Non-Technical Summary | PDF 

EPRG Working Paper 1518

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Morgan Bazilian and Debabrata Chattopadhyay Considering Power System Planning in Fragile and Conflict States Abstract | PDF

Report “Regulation of Retail Energy Markets in the UK and Australia” by S. Littlechild

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Stephen Littlechild published a report "Regulation of Retail Energy Markets in the UK and Australia" in a weekly energy newsletter of Energy Supply Association of Australia (ESAA) on 15 October 2015. The full text of the report can be found here. You can also click here to read the introduction by Andrew Dillon, General Manager of Corporate Affairs, ESAA, which includes the link to the report at the end.  

Presentation “The Energy Union and the Energiewende” by M. Pollitt

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Michael Pollitt gave a presentation "The Energy Union and the Energiewende" at Bruegel's 10th Anniversary Conference that took place at the Federal Ministry for Economic Affaires and Energy, Berlin, Germany, on 28 September 2015 | PDF

Presentation “How to Support Innovation in Network Industries: The Role of Regulators and Competition and the Case of Electricity” by M. Pollitt

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Michael Pollitt gave a presentation "How to Support Innovation in Network Industries: The Role of Regulators and Competition and the Case of Electricity" at 5th SEEK Conference in Mannheim, Germany on 9 October 2015 | PDF

Presentation “In Search of ‘Good’ Energy Policy: The Social Limits to Technological Solutions to Energy & Climate Problems” by M. Pollitt

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Michael Pollitt gave an inaugural lecture "In Search of 'Good' Energy Policy: The Social Limits to Technological Solutions to Energy & Climate Problems" at Cambridge Judge Business School, on 7 October 2015 | PDF

Presentation “Stimulating Innovation in the Electricity Supply Industry” by D. Newbery

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David Newbery presented "Stimulating Innovation in the Electricity Supply Industry" at the European Energy Forum 2015 that took place in London on 5 October 2015 | PDF

Presentation “Energy and the Environment: What’s the Challenge?” by D. Newbery

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David Newbery gave a presentation "Energy and the Environment: What's the Challenge?" at British Academy debate in London on 22 September 2015 | PDF

Comment “Snakes and Ladders: price controls and markets. What might the CMA’s provisional findings mean for retail markets in utility services?” by S. Littlechild

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Stephen Littlechild, Fellow at Judge Business School and EPRG Associate Researcher, addressed the Indepen Forum on 29 September 2015 which was on the theme"Snakes and Ladders: price controls and markets. What might the CMA’s provisional findings mean for retail markets in utility services?" The full text of his opening remarks can be found here.

EPRG Working Paper 1517

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Sébastien Phan and Fabien Roques Is the Depressive Effect of Renewables on Power Prices Contagious? A Cross Border Econometric Analysis Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1516

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David Newbery Reforming UK Energy Policy to Live Within Its Means Abstract | Non-Technical Summary | PDF    

EPRG Working Paper 1515

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Xiaoping He and David Reiner Why Do More British Consumers Not Switch Energy Suppliers? The Role of Individual Attitudes   Abstract | Non-Technical Summary | PDF

Op-ed “Nord Stream: The Sequel” by C.K. Chyong and D. Reiner

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Chi Kong Chyong and David Reiner published an article "Nord Stream: The Sequel" on 12 August 2015 in EUobserver, an independent online newspaper covering EU affairs and based in Brussels.  "The proposal to expand Nord Stream comes amid difficult negotiations on Turkish Stream, which, in December, replaced South Stream as the main transit proposal for Southern Europe and which is designed to further weaken Ukraine. Gazprom is in dire need…

EPRG Working Paper 1514

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Aoife Brophy Haney Managerial interpretation and innovation in response to climate change Also published (in modified form) in the Journal of Business Ethics Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1513

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Amany El-Anshasy, Kamiar Mohaddes, and Jeffrey B. Nugent Oil, Volatility and Institutions: Cross-Country Evidence from Major Oil Producers Abstract | Non-Technical Summary | PDF  

Comment on Catherine Waddams’s blog post: “A Regulator’s Price Comparison Website is Not Sensible” by S. Littlechild

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Comment on Catherine Waddams’s blog post: "A Regulator’s Price Comparison Website is Not Sensible" by S. Littlechild - Full Text

Article “‘Goldilocks’ Energy Price Limit Doesn’t Bear Scrutiny” by S. Littlechild

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Stephen Littlechild, Fellow at Judge Business School and EPRG Associate Researcher, published an article 'Goldilocks’ Energy Price Limit Doesn’t Bear Scrutiny in The Telegraph newspaper. "Two cheers for the Competition and Markets Authority’s provisional findings in its energy market investigation. The first is for its comprehensive assessment of which aspects are a problem and which aren’t. The second is for acknowledging that Ofgem’s retail market rules have softened competition between suppliers.…

EPRG/CEEPR Annual Conference with support of Shell, London, UK, 9 -10 July 2015

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EPRG is pleased to announce our successful 2015 EPRG/CEEPR Annual Conference with support from Shell. The Conference took place at The Langham Hotel in London on 9 - 10 July and comprised of 1,5 day of sessions and dinner.   PROGRAMME Thursday 9 July 2015 SESSION 1 - SETTING A FRAMEWORK FOR THE ENERGY TRANSITION Chaired by Suman Bery  (Shell)                       Michael Mehling (MIT) - Setting a Framework for the Energy Transition: Envisioning a Global…

Book “Deconstructing Energy Law and Policy, The Case of Nuclear Energy” by R. Heffron

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Raphael Heffron, Lecturer in Law at Leeds University and EPRG Associate, published his new book "Deconstructing Energy Law and Policy, The Case of Nuclear Energy". To order the book online, please click here

Presentation “Why ‘Good Energy Policy’ is Difficult? – Reflections on 5 Years in the DECC” by D. MacKay

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David MacKay, Professor of Engineering and EPRG Associate, gave a presentation "Why 'Good Energy Policy' is Difficult? - Reflections on 5 Years in the DECC" on 30 April 2015 at In Search of 'Good' Energy Policy meeting on the policy making process of Department of Energy and Climate Change based on his time at DECC | PDF

C.K. Chyong quoted in “Deeper Reforms Needed for Ukrainian Gas Market”, 12 June 2015

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C. K. Chyong was quoted in an article "Deeper reforms needed for Ukrainian gas market" published in ICIS website newsletter - the world largest petrochemical market information provider that covers Energy among other subjects.   "The Ukraine’s new gas market law will have little impact on the transparency and efficiency of the country’s gas sector if it is not supported by substantial secondary legislation, experts agree. The Ukrainian parliament approved the…

Presentation “Energy Prices: Up or Down?” by M. Pollitt

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Michael Pollitt gave a presentation "Energy Prices: Up or Down?" at CUEN Annual Energy Conference in Cambridge on 11 June 2015 | PDF

Presentation “UK Energy Policy Before and After the 2015 General Election” by M. Pollitt

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Michael Pollitt gave a presentation "UK Energy Policy Before and After the 2015 General Election" at French Association of Energy Economists (FAEE) Conference, on 10 June 2015, Paris, France | PDF

EPRG Working Paper 1512

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Kamiar Mohaddes and M. Hashem Pesaran Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis Abstract | Non-technical Summary | PDF

Article “Electrical Energy Storage – Economics and Challenges” by M. Pollitt and K. Anaya

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Michael Pollitt and Karim Anaya published an article Electrical Energy Storage - Economics and Challenges in Energy World Magazine in April 2015. The full text of the article can be found here.

EPRG Working Paper 1511

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Robert Ritz The Simple Economics of Asymmetric Cost Pass-Through Abstract | Non-technical Summary | PDF

Presentation “Progress with the UK Electricity Market Reform (EMR)” by M. Pollitt

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Michael Pollitt gave a presentation "Progress with the UK Electricity Market Reform (EMR)" in CEEP, Beijing Institute of Technology, China on 12 May 2015 | PDF

Comment: “UK Energy Policy after the 2015 General Election” by Michael Pollitt

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Comment: "UK Energy Policy after the 2015 General Election" by Michael Pollitt - Full Text

Op-ed “Brussels Blames Gazprom for Its Own Failings” by Pierre Noel

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Pierre Noel, senior fellow for Economic and Energy Security at the International Institute for Strategic Studies in Singapore and Associate Researcher at EPRG, published an article "Brussels Blames Gazprom for Its Own Failings" in Financial Times on 29 April 2015.  "The Russian state-owed company stands accused of anti-competitive practices allowing it to charge "unfair prices" in several EU countries." "Gazprom benefits from poor market structures that generate only weak competition in the…

C.K. Chyong quoted in “EU Importing More Russian Gas Ahead Of Winter “, Montel, 16 April 2015

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Chi Kong Chyong was quoted in an article on Montel website - key information provider for the European energy markets in Norway, -  on reasons behind increasing purchases of Russian gas by European Union. "European buyers are playing “intertemporal arbitrage” whereby they dry up gas in their storage facilities and re-inject them when Russian gas prices are lower in Q2 and Q3." The full article can be found here

C. K. Chyong quoted in “Never Ending Story Of Opportunities: Caspian Blue Energy Is Salvation For EU”, Eurasia Review, 20 April 2015

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Chi Kong Chyong was quoted in Eurasia Review, an independent on-line journal and think tank, on possibilities and challenges for Caspian countries, like Azerbaijan, Turkmenistan, Uzbekistan, and Iran, to be gas suppliers to the EU. The article also appeared in AzerNews and New Europe. "Azerbaijan is perhaps the only supplier in the region able to respond to the EU’s gas diversification strategy away from Russia." "Turkmenistan’s rich gas reserves are a logical source for European…

C.K. Chyong quoted in “Turkish Stream Project Success Promises Benefits, Profits To Many South-Eastern EU States”, PenzaNews, 10 April 2015

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Chi Kong Chyong was quoted in PenzaNews, an independent on-line news agency in Penza, Russia, on possible perspectives and benefits for Europe by using different gas suppliers, and on the outcomes if Turkish Stream is built in full. “Co-existence between the two (gas suppliers from Russia and Azerbaijan) is not an issue, at least for Europe as the clients of Russian and Azeri gas – the more competition between the suppliers, the better for…

Presentation “A Strategic Perspective On Competition In International Gas Markets” by R. Ritz

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Robert Ritz gave a presentation "A strategic perspective on competition in international gas markets” at Massachusetts Institute of Technology (MIT) on 10 April 2015 | PDF

EPRG Working Paper 1510

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Karim L. Anaya and Michael Pollitt Distributed Generation: Opportunities for Distribution Network Operators, Wider Society and Generators Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1509

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David Tingle Bargaining Practice and Negotiation Failure in Russia-Ukraine Gas Relations Abstract | Non-Technical Summary | PDF  

Presentation “The Impact Of Carbon Emissions Trading On Industries” by R. Ritz

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Robert Ritz presented "The impact of carbon emissions trading on industries" at Potsdam Institute for Climate Impact Research, CREW Symposium, on 23 March 2015 | PDF

Op-ed “Time for ‘tough love’ in EU-Ukraine energy relations” by C.K. Chyong and D. Reiner

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CK Chyong and D. Reiner published an article "Time for 'tough love' in EU-Ukraine energy relations" in Europe's World policy journal. Published every 4 months, Europe’s World is the only independent Europe-wide policy journal, produced in association with some 150-plus leading European think tanks and academic institutions. "If the EU is too forgiving in its support for Ukraine’s pro-European government, that may hinder both EU and Ukrainian energy security objectives. …

Article “Power to the Poor” by M. Bazilian

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Morgan Bazilian, Lead Energy Specialist at the World Bank and Associate Researcher at EPRG, published an article on world energy poverty in Foreign Affairs magazine. "Some two billion people lack electricity outright or have poor-quality service, and nearly three billion rely on dirty fuels, such as firewood and animal dung, for cooking and heating. Nearly 90 percent of those suffering from energy poverty, as the problem is known, can be found in South…

C.K. Chyong quoted in “How’s European Gas Race Going?”, AzerNews, 17 March 2015

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Chi Kong Chyong was quoted in AzerNews, daily newspaper in Azerbaijan, on his perception about different suppliers of gas to Europe, including Caspian Region, as a solution to EU energy problem due to the crisis in Ukraine. “The Turkish Stream is as about bypassing Ukraine as it is about foreclosing competition from Caspian gas, particular coming from Azerbaijan and potentially from Turkmenistan, Iran, Iraq and Eastern Mediterranean Sea – Turkish Stream is Russia’s policy…

Presentation “Prices and Trade In Global Gas & LNG Markets” by R. Ritz

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Robert Ritz gave a presentation Prices and Trade In Global Gas & LNG Markets during 'Invited Talk' session at ESCP European Business School, London Campus, on 10 February 2015 | PDF

EPRG Working Paper 1508

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David Newbery Missing Money and Missing Markets: Reliability, Capacity Auctions and Interconnectors. Previously published in February 2015 under the title Security of Supply, Capacity Auctions and Interconnectors. Updated July 2015 under a new title.  Abstract | Non-Technical Summary | PDF 

EPRG Working Paper 1507

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Andrew Jobling and Tooraj Jamasb Price Volatility and Demand for Oil: A Comparative Analysis of Developed and Developing Countries. Abstract | Non-Technical Summary | PDF    

EPRG Working Paper 1506

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Wenche Tobiasson, Christina Beestermöller, Tooraj Jamasb Public Engagement in Electricity Network Development: A Case Study of the Beauly–Denny Project in Scotland Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1505

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Robert Ritz Strategic Investment and International Spillovers in Natural Gas Markets Abstract | Non-Technical Summary | PDF

EPRG Working Paper 1504

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David Newbery, Goran Strbac and Ivan Viehoff The benefits of integrating European electricity markets Abstract | Non-Technical Summary | PDF 

Presentation “The Rise and Fall of South Stream and implications for a European Energy Union” by Chi Kong Chyong

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Chi Kong Chyong gave a presentation on "The Rise and Fall of South Stream and implications for a European Energy Union" at a conference "Energy Infrastructures: Towards The Creation Of A ‘European Energy Union’” organised by the Centre for Research on Energy and Environmental Economics and Policy, Bocconi University, Milan, Italy (12 February 2015) | PDF

Comment: “The GB 2014 capacity auction results” by David Newbery

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Comment: "The GB 2014 capacity auction results" by David Newbery - Full Text

EPRG Working Paper 1503

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Daniel Hach, Chi Kong Chyong, Stefan Spinler Capacity market design options: a dynamic capacity investment model and a GB case study Abstract | Non-Technical Summary | PDF     

EPRG Working Paper 1502

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Jon Stern Past And Potential Roles Of Electricity System Operators:  From Liberalisation To Climate Change Management In Britain Abstract | NTS | PDF

Presentation “Energy Prices: Is a Price Freeze a Sensible Way to Restore Trust in the Market?” by Michael Pollitt

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Michael Pollitt presented "Energy Prices: Is a Price Freeze a Sensible Way to Restore Trust in the Market?" at Cambridge Judge Business School's Business Briefing Meeting hosted by BNY Mellon, 29 January 2015, London | PDF

Op-ed “Does Russia’s Turkey pipeline make sense?” by Chi Kong Chyong

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Chi-Kong Chyong, a Research Associate at the Energy Policy Research Group (ERPG) investigates Russia’s recent abandonment of “South Stream” in favour of “Turkish Stream” and what this means to European energy market. Read the full article in the Brussels-based online EUobserver newspaper,

EPRG Working Paper 1501

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Levi, P. and Pollitt, M. Cost trajectories of low carbon electricity generation technologies in the UK: A study of cost uncertainty Abstract | NTS | PDF Also published in Energy Policy, Volume 87, December 2015, Pages 48-59

EPRG Working Paper 1423

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Anaya, K. and Pollitt, M. Integrating Distributed Generation: Regulation and Trends in Three Leading Countries Abstract | NTS | PDF

EPRG Working Paper 1422

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Anaya, K. and Pollitt, M. The Role of Distribution Network Operators in Promoting Cost-Effective Distributed Generation: Lessons from the United States for Europe  Abstract | NTS | PDF

Prof. Michael Pollitt – “Energy Prices: Is a Price Freeze a Sensible Way to Restore Trust in the Market?”, 18:30-20:30, 29 January, London

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Professor Michael Pollitt, EPRG, Cambridge Judge Business School Join Michael Pollitt, Professor of Business Economics at Cambridge Judge Business School & Assistant Director of EPRG, as he discusses the state of the energy market and how it has evolved over the last few years. Taking into account competitive market theory, Michael will consider the relationship between retail and wholesale markets, the likely consequences of a price freeze and what this…

Creation of a gas hub in Turkey for Gazprom deliveries to Europe may change the Europeans’ view of the country, as well as trigger the rise of energy bills

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Creation of a gas hub in Turkey for Gazprom deliveries to Europe may change the Europeans' view of the country, as well as trigger the rise of energy bills, the analysts of the Energy Policy Research Group (EPRG) at the University of Cambridge expressed their opinion to Sputnik Thursday  

EPRG research on energy market regulation was singled out as one of the Cambridge University’s leading impact studies

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Research from Cambridge Judge Business School’s Dr Michael Pollitt and Dr Stephen Littlechild has been instrumental in developing a new system of regulation which encourages engagement with customers. Dr Pollitt and Dr Littlechild’s involvement provided credibility to Ofgem’s ‘very significant’ RPI‐X@20 review of network prices. Energy network charges make up around 20 per cent of the total charges that a typical householder pays. Dr Pollitt and Dr Littlechild’s body of…

EPRG Working Paper 1421

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Guan, D., Reiner, D.M. and Liu, Z. China’s Road to a Global Scientific Powerhouse Abstract | PDF  

EPRG Working Paper 1420

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David Newbery and Goran Strbac What is the target battery cost at which Battery Electric Vehicles are socially cost competitive? Abstract | PDF

David Reiner quoted in NY Times article: Testing the Limits of European Ambitions on Emissions

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Testing the Limits of European Ambitions on Emissions Click here to read the full article

David Newbery’s presentation to the House of Lords Science and Technology Committee investigating The resilience of electricity infrastructure

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David Newbery Presentation to the House of Lords Science and Technology Committee investigating The resilience of electricity infrastructure

William Nuttall gives evidence to House of Lords S&T Select Committee

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William Nuttall

Barriers to the adoption of energy-saving technologies in the building sector: A survey study of Jing-jin-tang, China

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Ping Du, Li-Qun Zheng, Bai-Chen Xie, Arjun Mahalingam Barriers to the adoption of energy-saving technologies in the building sector: A survey study of Jing-jin-tang, China Available at Science Direct Here

EPRG Working Paper 1419

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Shengbao Ji, Yin-Fang Zhang, Tooraj Jamasb Reform of the Coal Sector in an Open Economy: The Case of China Abstract | NTS |  PDF

EPRG Working Paper 1418

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Marc Ozawa Trust and Norwegian-Russian Energy Relations Abstract | NTS | PDF

Environmental Challenges in Europe

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David Newbery Environmental Challenges in Europe IAEE 14th International Conference, Rome, 29 Oct 2014 | PDF

New EPRG Policy Brief on EU 2030 energy and climate proposals

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For full text of the EPRG Policy Brief: https://www.eprg.group.cam.ac.uk/wp-content/uploads/2014/10/EPRG-Policy-Brief-22-Oct-14.pdf ‘Nothing is being done’ to explicitly encourage emissions cut by China and America'  22 October 2014   The 2030 framework on climate change and energy policy being debated at a European Union summit this week has a “glaring omission” by failing to link EU policy to emissions reduction by China and the U.S., say energy academics at the University of Cambridge.…

EPRG Working Paper 1417

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A. Haarscher, M. Bruner, J. Doblas, A. Fargere, S.F. Ashley, W.J. Nuttall The Japanese Electricity System 15 months After March 11th 2011 Abstract | NTS | PDF

EPRG Working Paper 1416

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Xiaoping He and David Reiner Electricity Demand and Basic Needs: Empirical Evidence from China’s Households Abstract | NTS | PDF

Labour Conference 2014 | Will a price freeze destroy the energy market?–Michael Pollitt

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Michael Pollitt Labour Conference 2014 | Will a price freeze destroy the energy market?

Op-ed “Ukraine’s energy brinkmanship” by Chi Kong Chyong and Pierre Noël

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In the fog of its foreign-policy confrontation with Russia over Ukraine, the European Union seems unable to see its energy-security interests clearly or to act accordingly. Kiev has used the international crisis triggered by Russia’s actions in Crimea and eastern Ukraine to restructure the contracts with Moscow it signed in 2009. It wants a much lower price for its gas imports and the ability to swap gas with Gazprom’s clients…

The Regulaytor’s Tale

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Stephen Littlechild The Regulaytor’s Tale Published in Cornwall Energy Energyspectrum, Issue 443 | 27 Sep 2014 | PDF

Opportunity–EPRG Research Assistant (Fixed Term)

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Please click here for the official announcement The Energy Policy Research Group (EPRG) wishes to appoint a Research Assistant to support the research on the EPSRC Autonomic Power System project. More details of the project can be found at: http://autonomicpowersystem.org.uk/ The successful applicant will work primarily on projects looking into two aspects of the future of electricity supply out to 2050. The first of these will involve undertaking a detailed…

EPRG Working Paper 1415

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Stephen Littlechild Promoting or restricting competition?: Regulation of the UK retail residential energy market since 2008 Abstract | PDF

EPRG Working Paper 1414

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Pär Holmberg Pro-competitive rationing in multi-unit auctions Abstract | NTS |  PDF

GB Energy Market Structure

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David Newbery GB Energy Market Structure Presented at the DECC Workshop, London 4 Sep 2014| PDF

EPRG Working Paper 1413

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Tooraj Jamasb and Rabindra Nepal Incentive Regulation and Utility Benchmarking for Electricity Network Security Abstract | NTS |  PDF

EPRG Working Paper 1412

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David Newbery and Michael Grubb The Final Hurdle?: Security of supply, the Capacity Mechanism and the role of interconnectors Abstract | NTS |  PDF

EPRG Working Paper 1411

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Wenche Tobiasson and Tooraj Jamasb Sustainable Electricity Grid Development and the Public: An Economic Approach Abstract | NTS |  PDF

RPI-X, competition as a rivalrous discovery process, and customer engagement

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Stephen Littlechild RPI-X, competition as a rivalrous discovery process, and customer engagement LSE, London, 31 Mar 2014 | PDF

2014 EPRG/CEEPR Annual Conference, 2-3 July, Madrid

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Available speaker presentations: Pre-session address by José María Marín-Quemada (Spanish National Authority for Markets and Competition) Session 1A: European Energy and Climate Outlook for 2030 by David Newbery, EPRG Session 1B: Is the EU-ETS Up to the Task? by Michael Mehling, MIT Session 2A: Hydraulic Fracturing: The US Experience and Implications for the Rest of the World by Chris Knittel, MIT Session 2B: Ukraine and Security of Gas Supplies to…

The Cost Effectiveness of Renewable Energy Support Schemes in the European Union

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David Newbery, David Reiner, and Arjun Mahalingham The Cost Effectiveness of Renewable Energy Support Schemes in the European Union Published at the International Association for Energy Economics, Third Quarter, 2014 pg. 21 | Click here for the link      

EPRG Working Paper 1410

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Xi Liang, Hengwei Liu, and David Reiner Strategies for Financing Large-scale Carbon Capture and Storage Power Plants in China Abstract | NTS |  PDF

Presentation “Decarbonising the UK’s energy mix and meeting emission targets” by M. Pollitt

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Michael Pollitt gave a presentation "Decarbonising the UK’s energy mix and meeting emission targets" at the Implementing the Electricity Market Reform Delivery Plan, Westminster Forum, London, 10 July 2014 | PDF

Laura-Lucia Richter wins Student Poster Session prize at the IAEE International Conference in New York City 15-18 June 2014

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Laura-Lucia Richter wins Student Poster Session prize at the IAEE International Conference in New York City 15-18 June 2014.   Click here to view poster

EPRG Working Paper 1409

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Marc Ozawa Trust and European-Russian Energy Cooperation: The Case of Oil and Gas Partnerships and Long-term Contracts Abstract | NTS |  PDF

EPRG Working Paper 1408

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Musiliu O. Oseni and Michael Pollitt Institutional arrangements for the promotion of regional integration of electricity markets: International Experience Abstract  |  PDF

Ukraine and Security of Gas Supplies to Europe

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Chi Kong Chyong Ukraine and Security of Gas Supplies to Europe Presented at the 2014 EPRG-CEEPR Annual Conference, Madrid 2 July 2014 | PDF

Report of the Panel of Technical Experts, of which David Newbery is a member

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Available here, you may also download the PDF

There is a problem in the UK’s energy market – but it’s the regulator’s fault–A.M. article by Stephen Littlechild

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Stephen Littlechild There is a problem in the UK’s energy market – but it’s the regulator’s fault City A.M., 1 July 2014 | Article

Presentation “What future(s) for liberalized electricity markets?” by D. Newbery

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David Newbery gave a presentation "What future(s) for liberalized electricity markets?" at the Energy Industry at a Crossroads, Toulouse 5th, June 2014 | PDF

Presentation “The European Utility Model for a low-carbon future” by D. Newbery

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David Newbery gave a presentation "The European Utility Model for a low-carbon future" at the IAEE International Conference, New York 16th, June 2014 | PDF

IAEE New York Student Mentoring Event: David Newbery?

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Click here for PDF  

EPRG Workshop on Distributed Generation and Smart Connections, 6 June, 2014

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EPRG Workshop on Distributed Generation and Smart Connections in partnership with UK Power Networks  June 6 2014 The EPRG and UK Power Networks, our project partner in the Flexible Plug and Play (FPP) project, held a successful Workshop on Distributed Generation and Smart Connections at Memorial Court, Clare College, Cambridge, on the 6th of June 2014. The workshop was very well received by delegates from industry, government, local authorities and…

Presentation “Subsidies in the UK Electricity Sector until 2020” by D. Newbery

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David Newbery presented "Subsidies in the UK Electricity Sector until 2020" in Cambridge, 7th February 2014 | PDF

Contracting with Government for low carbon technologies: Designing the Visible Hand

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David Newbery Contracting with Government for low carbon technologies: Designing the Visible Hand Long-term contracting in electricity markets, University Paris-Dauphine, 18th December 2013 | PDF

Presenation “CERRE Regulation Dossier Energy & electricity” by D. Newbery

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David Newbery presented CERRE Regulation Dossier Energy & electricity at a kick-off meeting for EC 2014-18, Brussels, 22 January 2014 | PDF

Presentation “Progress on market reform: EMR, the I-SEM and the TEM” by D. Newbery

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David Newbery gave a presentation "Progress on Market Reform: EMR, the I-SEM and the TEM" at the Electricity Market Reform, Belfast 28th, March 2014 | PDF

EPRG Working Paper 1407

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Raphael J. Heffron and William J. Nuttall Scotland, Nuclear Energy Policy and Independence Abstract  | NTS | PDF

RPI-X, competition as a rivalrous discovery process, and customer engagement

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Stephen Littlechild RPI-X, competition as a rivalrous discovery process, and customer engagement Paper prepared for the Conference, The British Utility Regulation Model: Beyond Competition and Incentive Regulation?, LSE 31 March 2014| PDF

EPRG Working Paper 1406

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Stephen Littlechild The competition assessment framework for the retail energy sector: some concerns about the proposed interpretation Abstract  | PDF

Energy, Politics and the Consumer: British Academy, 3 April 2014

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As the national debate on fuel bills and living standards continues, the YouGov-Cambridge Programme launched a special report on 'Energy, Politics and the Consumer' with an evening event at the British Academy on Thursday 3rd April. The evening covered a range of subjects, including: the reputation of energy companies in the UK and how to enhance it; parallels with the banking crash and other sectors; the relationship of consumer attitudes…

Professor Stephen Littlechild, EPRG Research Associate, contributes to the first working paper of the Regulatory Conduct Authority (RCA).

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Download PDF Here A rapidly growing literature on behavioural economics shows that some errors made by regulators are persistent and predictable. Behavioural economics uses insights from psychology to explain why regulators behave the way they do. Behavioural biases can cause regulators to misjudge important facts or to be inconsistent. Regulators left to themselves will often not work to reduce these mistakes, so supervision of regulation may be needed. Behavioural economics…

EPRG Working Paper 1405

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Tooraj Jamasb and Rabindra Nepal Issues and Options in the Economic Regulation of European Network Security Abstract  |  Non-Technical Summary | PDF

EPRG Working Paper 1404

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Karim L. Anaya and Michael G. Pollitt Does Weather Have an Impact on Electricity Distribution Efficiency? Evidence from South America Abstract  |  Non-Technical Summary | PDF

Planetary Economics Book Launch, 10th March 2014,

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PLANETARY ECONOMICS Energy, Climate Change and the Three Domains of Sustainable Development By Michael Grubb Launch meeting on 10th March 2014, 6-7.30pm, Beves Room, Kings College, Cambridge Chair:  Lord Martin Rees, former President, Royal Society and Master, Trinity College Cambridge Presentation:  Michael Grubb Respondents: Sir David King (UK Foreign Secretary’s Special Representative on Climate Change and former UK government Chief Scientist) Professor David Newbery CBE, (former Director of Department of Applied…

DG COMP reviews the State Aid application by Hinkley Point C, Associate Research Richard Green provides the analytic underpinning

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DG COMP reviews the State Aid application by Hinkley Point C here and Associate Research Richard Green provides the analytic underpinning here

EPRG Working Paper 1403

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Jorge E. Galán and Michael G. Pollitt Inefficiency persistence and heterogeneity in Colombian electricity distribution utilities Abstract  |  Non-Technical Summary | PDF

EPRG Working Paper 1402

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Rahmatallah Poudineh, Grigorios Emvalomatis, and Tooraj Jamasb Dynamic Efficiency and Incentive Regulation: An Application to Electricity Distribution Networks Abstract  |  Non-Technical Summary | PDF

EPRG Working Paper 1401

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Pär Holmberg and Andy Philpott Supply function equilibria in transportation networks Abstract  |  Non-Technical Summary | PDF

EPRG-DG ENER Workshop 9-10 January, 2014

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DG ENER and EPRG collaborated on a join workshop that took place 9-10 January in Cambridge, United Kingdom.  There was a dinner held at Clare College the evening of the 9th, including a key-note speech by Klaus-Dieter Borchardt (DG ENER, Director Unit B) and a full-day seminar at Memorial Court, Clare College on the 10th.    The agenda for this workshop was Future European Electricity Policy: Fuller Details and included…

ENEL Foundation Press Release

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Press Release "The Energy Policy Research Group (EPRG), a joint research centre based in Cambridge Judge Business School and the Faculty of Economics at the University of Cambridge recently received £190,000 as a donation from the Enel Foundation to support a two-year research project on "Zero Subsidy Scenarios and International Natural Gas Markets". The project runs from the 1st of October 2013 until the 30th of September 2015. The overall…

Defective regulations are pushing up energy prices as competition suffers–Stephen Littlechild

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Click here to read Stephen Littlechild's article in the City A.M.

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