David Newbery
High renewable electricity penetration:
marginal curtailment and market failure under
“subsidy-free” entry
Tag Archives: D. Newbery
EPRG Working Paper 2307
David Newbery Regulation of access, fees, and investment planning of transmission in Great Britain[1] Abstract | Non-Technical Summary | Text Continue Reading
EPRG E&E Seminar & Professor David Newbery 08/11/22
Professor David Newbery was the speaker today at our E&E seminar entitled “Electricity market design: Signalling efficient location and operation.” Please click here. Continue Reading
The Energy Policy Research Group recently provided two timely new contributions on the future of electricity policy in response to a major government consultation on the subject. In July 2022, the UK Department for Business, Energy, and Industrial Strategy (BEIS) released its Review of Electricity Market Arrangements (REMA), which BEIS described as the ‘biggest electricity market reform in a generation’ and submissions were due on 10 October 2022.
Prof David Newbery, Prof Michael Pollitt, Prof David Reiner and Dr Robert Ritz submitted a response to the REMA Consultation Document Questions going through each of the chapters in detail. Prof David Newbery, EPRG’s director wrote a commentary on the future of UK electricity policy in response to REMA. Continue Reading
CEEPR & EPRG European Energy Policy Conference
Brussels, 1-2 September 2022
EPRG is pleased to announce our successful 2022 EPRG & CEEPR European Energy Policy Conference. This year the conference was held in strategic partnership with EDF. It took place at Sparks Building, Rue Ravenstein 60, in Brussels, Belgium, on 1 – 2 September 2022 and comprised of 1,5 day of sessions and dinner. PROGRAMME Thursday 1 September Welcome and Announcements Christopher R. Knittel… Continue Reading
“The Energy Price Guarantee: What principles should the UK Government apply in thinking about how to implement this?” By Michael G. Pollitt, David M. Reiner and David M.G. Newbery
A new paper from Prof. Michael G. Pollitt, Prof. David Reiner and Prof. David Newbery at the Energy Policy Research Group, University of Cambridge. You can read this article here Continue Reading
David Newbery awarded the honorary title of Doctor by Dauphine – PSL
We are delighted to announce that David Newbery (Director of EPRG, Emeritus Professor of Economics, Faculty of Economics, University of Cambridge) awarded the honorary title of Doctor by Dauphine-PSL on 2 June 2022 by Prof. El Mouhoub Mouhoud, President of Dauphine – PSL, and Prof. Bruno Bouchard, Vice-President of the Scientific Council. Please read more here… Continue Reading
2022 EPRG Spring Seminar
EPRG is pleased to announce our successful 2022 Spring Seminar in partnership with Compass Lexecon. On May 5, 2022, EPRG hosted delegates to a dinner at Downing College, and on May 6, 2022, at Robinson College for a full-day seminar. The first day concluded with a keynote speech given by Dr. Simon Taylor. PROGRAMME 6 MAY 2022… Continue Reading
Journal Article “The Cost of Carbon Leakage: Britain’s Carbon Price Support and Cross-border Electricity Trade”, The Energy Journal, Vol. 44, 2022
Bowei Guo and David Newbery The Cost of Carbon Leakage: Britain’s Carbon Price Support and Cross-border Electricity Trade The Energy Journal, Volume 44, Number 1, 2022 Also Published as EPRG WP 2005 Continue Reading
Presentation “Developing a market to deliver reliable cost-effective decarbonised electricity” by D. Newbery
David Newbery gave a presentation “Developing a market to deliver reliable cost-effective decarbonised electricity” at the virtual policy conference of Westminster Energy, Environment and Transport Forum on 28 February 2022 | PDF Continue Reading
EPRG Working Paper 2207
David Newbery Wind, water and wires: evaluating joint wind and interconnector capacity expansions in hydro-rich regions Abstract | Non-Technical Summary | Text Continue Reading
Presentation “Off-shore wind and Interconnectors” by D. Newbery
David Newbery made a presentation “Off-shore wind and Interconnectors” on 23 April 2020 | PDF Continue Reading
Journal Article: “National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage”, Energy Policy, Vol 158, November 2021
David Newbery National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage Energy Policy, volume 158, article #112513, November 2021 Based on EPRG Working Paper 2020 Continue Reading
Journal Article: “The cost of uncoupling GB interconnectors”, Energy Policy, Vol 158, November 2021
Bowei Guo and David Newbery The cost of uncoupling GB interconnectors Energy Policy, Volume 158, article #112569, November 2021 Also published as EPRG WP#2102 Continue Reading
Policy Brief “Reforming Renewable Electricity Support Schemes” by D. Newbery
David Newbery published a Policy Brief “Reforming Renewable Electricity Support Schemes” on 2 August 2021. The full text of the brief can be viewed here Continue Reading
Presentation ““Re-coupling” the GB market: the cost of Brexit” by D. Newbery
David Newbery took part in Florence School of Regulation Regulatory Policy Workshop on 26 March 2021 where he made a presentation ““Re-coupling” the GB market: the cost of Brexit” | PDF Continue Reading
Presentation “Club Goods and a ‘Tragedy of the Commons'” by D. Newbery
David Newbery gave a presentation “Club Goods and a ‘Tragedy of the Commons’” at IAEE webinar on 24 March 2021 | PDF The podcast is available here Continue Reading
EPRG Working Paper 2107
David Newbery Designing an incentive-compatible efficient Renewable Electricity Support Scheme Abstract | Non-Technical Summary | Text This WP was first published in March 2021 as “Designing efficient Renewable Electricity Support Schemes“. It was revised in July 2021, also revised in March 2022. Continue Reading
EPRG Working Paper 2102
Bowei Guo and David Newbery The cost of uncoupling GB interconnectors Abstract | Non-Technical Summary | Text First published in March 2021, updated in September 2021 Also published in Energy Policy, Volume 158, article #112569, November 2021 Continue Reading
Journal Article: “The political economy of carbon pricing: a panel Analysis”, Oxford Economic Papers, Vol 72(2), July 2020
G. Dolphin, M. Pollitt and D. Newbery The political economy of carbon pricing: a panel Analysis Oxford Economic Papers, volume #72(2), pages 472–500, 10 July 2020 Continue Reading
Journal Article: “The impact of a Carbon Tax on the CO2 emissions reduction of wind”, The Energy Journal, Vol 41, 2020
K. Chyong, B. Guo, and D. Newbery The impact of a Carbon Tax on the CO2 emissions reduction of wind The Energy Journal, volume 41, issue 1, pages 1-31, 2020 Based on EPRG WP#1904 Continue Reading
Journal Article: “The cost of uncoupling”, Nature Energy, Vol 5, February 2020
David Newbery The cost of uncoupling Nature Energy, volume 5, pages 187-188, February 2020 Continue Reading
Journal Article: “Measuring inefficiency in international electricity trading”, Energy Policy, Vol 143, August 2020
G. Montoya, B. Guo, D. Newbery, P.E. Dodds, G. Lipman, G. Castagneto Gissey Measuring inefficiency in international electricity trading Energy Policy, vol. 143, pages 1-12 Based on EPRG WP#1932 Continue Reading
EPRG Working Paper 2036
David Newbery Club goods and a tragedy of the commons: the Clean Energy Package and wind curtailment Abstract | Non-Technical Summary | Text Previously published as “The distortionary cost of marginal wind curtailment” on 1 December 2020, this paper was revised and renamed in January 2021 An updated version of WP2036 published in April 2022… Continue Reading
EPRG Working Paper 2024
David Newbery Transport policy for a post-Covid UK Abstract | Non-Technical Summary | Text Continue Reading
Article “Transport policy for a post-Covid19 UK” by D. Newbery
David Newbery wrote an article “Transport policy for a post-Covid19 UK” for Bennett Institute for Public Policy, University of Cambridge, that was published as a blogpost in August 2020 The full text can be viewed here Continue Reading
EPRG Working Paper 2020
David Newbery Implications of the National Energy and Climate Plans for the Single Electricity Market of the island of Ireland Abstract | Non-Technical Summary | Text Supplement materials Data and model information | Data spreadsheets Also published in Energy Policy, volume 158, November 2021 Continue Reading
EPRG Working Paper 2013
David Newbery The cost of finance and the cost of carbon: a case study of Britain’s only PWR Abstract | Non-Technical Summary | Text Appendix Updated in April 2021. Previously published in May 2020 as “The cost of CO2 abatement from Britain’s only PWR: Sizewell B” Continue Reading
Comment “Net zero and future energy scenarios: A response to the National Infrastructure Commission’s report on future power systems” by D. Newbery
David Newbery’s latest paper “Net zero and future energy scenarios”: A response to the National Infrastructure Commission’s report on future power systems” | PDF Continue Reading
Comment “Capacity Remuneration Mechanisms or Energy-Only Markets? The case of Belgium’s market reform plan” by D. Newbery
David Newbery’s paper “Capacity Remuneration Mechanisms or Energy-Only Markets? The case of Belgium’s market reform plan” written in response to a request by the Belgian regulator CREG to comment on their note on the need for a capacity mechanism. The full text can be found here Continue Reading
EPRG Working Paper 2005
Bowei Guo and David Newbery The cost of carbon leakage: Britain’s Carbon Price Support and cross-border electricity trade Abstract | Non-Technical Summary | Text This Working Paper has replaced EPRG WP#1918 published in June 2019. It was previously published as The Cost of Trade Distortion: Britain’s Carbon Price Support and Cross-border Electricity Trade Also Published… Continue Reading
Journal Article: Energy Policy, Vol 133, 2019
David Newbery, Giorgio Castagneto Gissey, Bowei Guo, Paul Dodds The private and social value of British electrical interconnectors Energy Policy, October 2019, Volume 133, 110896 Continue Reading
Journal Article: Oxford Economic Papers, Issue July 2019
Geoffroy Dolphin, Michael Pollitt and David Newbery The Political Economy of Carbon Pricing Policies: A Panel Analysis Oxford Economic Papers, issue July 2019 Continue Reading
Presentation “Financing low carbon energy infrastructure” by D. Newbery
David Newbery gave a presentation “Financing low carbon energy infrastructure” at the EdF/EPRI Electrification Summit 2019 in Paris on 19 October 2019 | PDF Continue Reading
Presentation “Regulatory Cooperation: Two Countries, One Single Electricity Market” by D. Newbery
David Newbery gave a presentation “Regulatory Cooperation: Two Countries, One Single Electricity Market” at Economic Objectives of Regulation Conference honouring Professor Catherine Waddams at University of East Anglia on 16 September 2019 | PDF You can read more on this event here Continue Reading
EPRG Working Paper 1932
L.G. Montoya, B. Guo, D. Newbery, P.E. Dodds, G. Lipman, G. Castagneto Gissey Measuring inefficiency in international electricity trading Abstract | Non-Technical Summary | PDF First published in September 2019, updated in October 2019, revised in February 2020 Published as a journal article in Energy Policy, 2020 Continue Reading
EPRG Working Paper 1926
David Newbery, Michael Pollitt, David Reiner and Simon Taylor Financing low-carbon generation in the UK: The hybrid RAB model Abstract | Non-Technical Summary | PDF | Appendix B (xls)| Appendix D (xls) Continue Reading
EPRG Working Paper 1924
Chi Kong Chyong, David Newbery, and Thomas McCarty A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation and Application to Hydro Pumped Storage Abstract | Non-Technical Summary | PDF Continue Reading
Presentation “Making the case for supporting renewable electricity” by D. Newbery
David Newbery gave a presentation “Making the case for supporting renewable electricity” at the Energy Ireland 2019 Conference, Croke Park, Dublin on 20-21 June 2019 | PDF Continue Reading
EPRG Working Paper 1918
Bowei Guo, David Newbery, and Giorgio Castagneto Gissey The Impact of Unilateral Carbon Taxes on Cross-Border Electricity Trading First published on 6 June 2019, updated version published on 25 June 2019. It has been replaced by a new Working Paper EPRG#2005 Continue Reading
Journal Article: The Energy Journal, January 2019
David Newbery, David Reiner and Robert Ritz The political economy of a carbon price floor for power generation The Energy Journal, Volume 40 (1), January 2019 Continue Reading
EPRG Working Paper 1913
David Newbery, Giorgio Castagneto Gissey, Bowei Guo, Paul E. Dodds The private and social value of British electrical interconnectors Abstract | Non-Technical Summary | PDF This WP was first published in April 2019 and revised in May 2019 Continue Reading
EPRG Working Paper 1907
David Newbery Strengths and Weaknesses of the British Market Model Abstract | Non-Technical Summary | PDF Continue Reading
Journal Article: The Energy Journal, 2018, vol 39
David Newbery What future(s) for liberalized electricity markets: efficient, equitable or innovative? The Energy Journal, volume 39(1), pages 1-27, 2018 Continue Reading
Journal Article: Energy Policy, 2018, vol 113
David Newbery Shifting demand and supply over time and space to manage intermittent generation: the economics of electrical storage Energy Policy, volume 113, pages 711-720, February 2018 Revised version of EPRG WP#1626 Continue Reading
Journal Article: Renewable and Sustainable Energy Reviews, 2018, vol 91
David Newbery, Michael Pollitt, Robert Ritz, and Wadim Strielkowski Market design for a high-renewables European electricity system Renewable & Sustainable Energy Reviews, volume 91, pages 695-707, August 2018 Based on EPRG WP#1711 Continue Reading
Journal Article: Economics: The Open-Access, Open-Assessment E-Journal, 2018, vol 2018-40
David Newbery Policies for decarbonizing a liberalized power sector Economics: The Open-Access, Open-Assessment E-Journal, vol 2018-40, June 2018 Continue Reading
EPRG Working Paper 1904
Chi Kong Chyong, Bowei Guo, and David Newbery The impact of a Carbon Tax on the CO2 emissions reduction of wind Abstract | Non-Technical Summary | PDF This WP was first published in January 2019 and was revised in May 2019 Also published as a journal article in The Energy Journal Continue Reading
Op-ed “Evaluating the case for supporting renewable electricity” by D. Newbery
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 Continue Reading
Policy Brief “A carbon price floor for power generation to reaffirm EU climate leadership” by D. Newbery, D. Reiner and R. Ritz
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… Continue Reading