EPRG is delighted to announce that Michael Grubb and Karsten Neuhoff (EPRG Associate Researchers) won 2021 IAEE Marcel Boiteux Best International Energy Economics Book Award for their book Planetary Economics. Energy, Climate Change and the Three Domains of Sustainable Development (with Jean-Charles Hourcade). Congratulations to Michael and Karsten!
Tag Archives: k.neuhoff
EPRG Working Paper 1609
Karsten Neuhoff, Nolan Ritter, Aymen Salah-Abou-El-Enien and Philippe Vassilopoulos Intraday Markets for Power: Discretizing the Continuous Trading? Continue Reading
Long Term Framework for Electricity Distribution Access Charges
Tooraj Jamasb, Karsten Neuhoff, David Newbery, Michael Pollitt Long Term Framework for Electricity Distribution Access Charges Report for the Office of Gas and Electricity Markets (Ofgem) Published 16 March 2005 | Available at ofgem.gov.uk Continue Reading
Competitive distortions and leakage in a world of different carbon prices: Trade, competitiveness and employment challenges when meeting the post-2012 climate commitments in the European Union (2008)
A Makipaa, K Neuhoff, R Czarencki, M Mehling, N Meyer-Ohlendorf, S Monjon, P Quiron, U Lenr, C Lutz Competitive distortions and leakage in a world of different carbon prices: Trade, competitiveness and employment challenges when meeting the post-2012 climate commitments in the European Union (2008) Published by: Temporary Committee on Climate Change Report: European Parliament… Continue Reading
The proposed new EU renewables directive: An interpretation (2008)
Karsten Neuhoff, Angus Johnston, Dorte Fouquet, Mario Ragwitz, Gustav Resch The proposed new EU renewables directive: An interpretation (2008) Download | Summary | PDF Continue Reading
Tackling Carbon: How to price carbon for climate policy (2008)
Karsten Neuhoff Tackling Carbon: How to price carbon for climate policy (2008) Download | Summary | PDF Continue Reading
International Cooperation to Limit the Use of Border Adjustment (2008)
Karsten Neuhoff et al International Cooperation to Limit the Use of Border Adjustment (2008) Climate Strategies Report Download | Summary | PDF Continue Reading
The Role of Auctions for Emissions Trading (2008)
Karsten Neuhoff, Felix Matthes The Role of Auctions for Emissions Trading (2008) Continue Reading
EPRG Submissions to the Environmental Audit Committee
David Newbery, Karsten Neuhoff EPRG Submissions to the Environmental Audit Committee March 2009 | Avaliable here Continue Reading
Wind power and market power in competitive markets
Paul Twomey and Karsten Neuhoff Wind power and market power in competitive markets Energy Policy 38(7) 2010, Pages 3198-3210 Available at ScienceDirect Continue Reading
Implementing the EU renewables directive
Karsten Neuhoff: Implementing the EU renewables directive CAM/MIT International Conference, Brussels Presented 9 July 2009 | Download PDF Continue Reading
Improving investment framework for low carbon technologies
Karsten Neuhoff: Improving investment framework for low carbon technologies Presented at 5te Internationale Energiewirtschaftstagung TU Wien, Vienna, 14-16 February 2007 Download | Summary | PDF Continue Reading
Actions to improve the current implementation of the ETS
Karsten Neuhoff: Actions to improve the current implementation of the ETS Presentation at Annual Forum on Energy and Sustainability, Madrid, 15 November 2006 Download | Summary | PDF Continue Reading
The Future of ETS: Economic and Environmental Effectiveness
Karsten Neuhoff: The Future of ETS: Economic and Environmental Effectiveness Presentation to the European Parliment, Brussels, 11 October 2006 Download | Summary | PDF Continue Reading
Presentation “The Choice of Instruments” by K. Neuhoff
Karsten Neuhoff gave a presentation “The Choice of Instruments” at RFF in Washington, March 2006| PDF Continue Reading
Why Did the US (Mostly) Go With LMP? Benefits of Flow‐Based Allocation
Benjamin F. Hobbs and Karsten Neuhoff: Why Did the US (Mostly) Go With LMP? Benefits of Flow‐Based Allocation Workshop on the Role of Power Market Design for the Achievement of the 20% Renewable Target, Brussels Presented 10 June 2010 | Download PDF Continue Reading
EP 60
Gert Brunekreeft, Karsten Neuhoff, David Newbery Electricity Transmission: An Overview of the Current Debate EP 60 | Non-Technical Summary | PDF Continue Reading
EP 59
Karsten Neuhoff Large Scale Deployment of Renewables for Electricity Generation EP 59 | Non-Technical Summary | PDF Abstract: Comparisons of resource assessments suggest resource constraints are not an obstacle to the large-scale deployment of renewable energy technologies. Economic analysis identifies barriers to the adoption of renewable energy sources resulting from market structure, competition in an… Continue Reading
EP 48
Karsten Neuhoff, David Newbery Integrating Energy Markets: Does Sequencing Matter? EP 48 | Non-Technical Summary | PDF Abstract: This paper addresses three questions that are relevant to integrating different regional transmission areas. Market integrating normally increases the number of competitors and should therefore reduce prices but the first section shows that prices could rise when… Continue Reading
EP 42
Karsten Neuhoff, Laurens De Vries Insufficient Incentives for Investment in Electricity Generation EP 42 | Non-Technical Summary | PDF Abstract: In theory, competitive electricity markets can provide incentives for efficient investment in generating capacity. We show that if consumers and investors are risk averse, investment is efficient only if investors in generating capacity can sign… Continue Reading
EP 40
Luis Olmos, Karsten Neuhoff Definition of a Balancing Point for Electricity Transmission Contracts EP 40 | Non-Technical Summary | PDF Abstract: Electricity transmission contracts allocate scarce resources, allow hedging against locational price differences and provide information to guide investment. Liquidity is increased if all transmission contracts are defined relative to one balancing point, then a… Continue Reading
EP 36
Roland Ismer, Karsten Neuhoff Border Tax Adjustments: A Feasible way to Support Stringent Emission Trading EP 36 | Non-Technical Summary | PDF Abstract: CO2 emission certificates internalise effects of fossil fuel consumption on global climate and sea levels. If they are only implemented in some countries, then their effectiveness is limited; Consumption, production and investment… Continue Reading
EPRG 0514
Felix Müsgens, Karsten Neuhoff Modelling Dynamic Constraints in Electricity Markets and the Costs of Uncertain Wind Output EPRG 0514 | Non-Technical Summary | PDF Abstract: Building on models that represent inter-temporal constraints in the optimal production decisions for electricity generation, the paper analysis the resulting costs and their impact on prices during the day. We… Continue Reading
EPRG 0508
Karsten Neuhoff, Michael Grubb, Kim Keats Impact of the Allowance Allocation on Prices and Efficiency EPRG 0508 | Non-Technical Summary | PDF Abstract: Successful cap and trade programs for SO2 and NOx in the US allocate allowances to large emitters based on a historic base line for a period of up to thirty years. National… Continue Reading
EPRG 0507
Tooraj Jamasb, Karsten Neuhoff, David Newbery, Michael Pollitt Long-term Framework for Electricity Distribution Access Charges EPRG 0507 | Non-Technical Summary | PDF Abstract: In order to achieve overall economic efficiency, incentive regulation of electricity distribution utilities must address two important and inter-related issues. First, the utilities’ allowed revenues need to be set at correct levels.… Continue Reading
EPRG 0505
Karsten Neuhoff, Christian Von Hirschhausen Long-term vs Short-term Contracts: A European Perspective on Natural Gas EPRG 0505 | Non-Technical Summary | PDF Abstract: This paper analyses the economics of long-term gas contracts under changing institutional conditions, mainly gas sector liberalisation. The paper is motivated by the increasingly tense debate in continental Europe, UK and the… Continue Reading
EPRG 0632
Karsten Neuhoff, Markus Åhman, Regina Betz, Johanna Cludius, Federico Ferrario, Kristina Holmgren, Gabriella Pal, Michael Grubb, Felix Matthes, Karoline Rogge, Joachim Schleich, Jos Sijm, Andreas Tuerk, Claudia Kettner, Neil Walker Implications of announced Phase 2 National Allocation Plans for the EU ETS EPRG 0632 Non-Technical Summary | PDF Also published in: Neuhoff, K., Åhman, M.,… Continue Reading
EPRG 0631
Karsten Neuhoff, Federico Ferrario, Michael Grubb, Etienne Gabel, Kim Keats Emission projections 2008-2012 versus NAPs II EPRG 0631 Non-Technical Summary | PDF Also published in: Neuhoff, K (2006), “Emission projections 2008-2012 versus NAPs II”, Climate Policy, Volume: 6, Issue: 4, Pages: 395-410 Abstract: We compare the national allocation plans, proposed and submitted by EU member… Continue Reading
EPRG 0630
Maria Heinrich, Karsten Neuhoff Choosing to save EPRG 0630 Non-Technical Summary | PDF Abstract: Various barriers for the uptake of energy-efficiency measures in the domestic sector have been identified. Projects try to quantify the effect of individual barriers like transaction costs, information lack, access to technologies or convenience. We propose to use the ‘consumer choice… Continue Reading
EPRG 0627
Karsten Neuhoff — Where can international cooperation support domestic climate policy? EPRG 0627 Non-Technical Summary | PDF Abstract: A move to a low Carbon economy involves (1) internalisation of CO2 externalities, (2) advancement of technologies and (3) removal of barriers and evolution of institutions. National governments that want to realise these goals can choose from… Continue Reading
EPRG 0625
Roland Ismer, Karsten Neuhoff Commitments through Financial Options: A Way to Facilitate Compliance with Climate Change Obligations EPRG 0625 Non-Technical Summary | PDF Also published in: Grubb, M. and Neuhoff, K. (2006), “Allocation and Competitiveness in the EU Emissions Trading Scheme: Policy Overview”, Climate Policy 6(1) Abstract: Governments willing to commit themselves to maintain carbon prices at… Continue Reading
EPRG 0622
Michael Grubb, Karsten Neuhoff Allocation and Competitiveness in the EU Emissions Trading Scheme: Policy Overview EPRG 0622 Non-Technical Summary | PDF Also published in: Grubb, Michael & Neuhoff, Karsten (2006). “Allocation and Competitiveness in the EU Emissions Trading Scheme: Policy Overview”, Climate Policy, Volume 6, Issue 1, 2006. pages 7-30 Abstract: The European emissions trading… Continue Reading
EPRG 0621
Cameron Hepburn, Michael Grubb, Karsten Neuhoff, Felix Matthes, Maximilien Tse Auctioning of EU ETS Phase II allowances: how and why? EPRG 0621 Non-Technical Summary | PDF Also published in: Hepburn, C., Grubb, M., Neuhoff, K., Matthes, F. and Tse, M. (2006), “Auctioning of EU ETS Phase II Allowances: How and Why?”, Climate Policy 6(1) Abstract: The European Directive… Continue Reading
EPRG 0618
Karsten Neuhoff, Kim Keats, Misato Sato Allocation, Incentives and Distortions: The Impact of EU ETS Emissions Allowance Allocations to the Electricity Sector EPRG 0618 Non-Technical Summary | PDF Also published in: Neuhoff, K. “Allocation, Incentives and Distortions: The Impact of EU ETS Emissions Allowance Allocations to the Electricity Sector”, Climate Policy Vol 6 Issue 1… Continue Reading
EPRG 0617
Jos Sijm, Karsten Neuhoff, Yihsu Chen CO2 Cost Pass Through and Windfall Profits in the Power Sector EPRG 0617 Non-Technical Summary | PDF Also published in: Sijm, J., Neuhoff, K. and Chen, Y. (2006) “CO2 Cost Pass Through and Windfall Profits in the Power Sector”, Climate Policy 6(1) Abstract: In order to cover their CO2… Continue Reading
EPRG 0606
Karsten Neuhoff, Rick Sellers Mainstreaming New Renewable Energy Technologies: Enhancing Market Learning EPRG 0606 Non-Technical Summary | PDF Abstract: This paper outlines the benefits, obstacles and options for governments to support international markets for technology development. International markets for new energy technologies offer greater scope, thereby increasing the incentives and opportunities for technology improvements. As… Continue Reading
EPRG 0603
Karsten Neuhoff, Andreas Ehrenmann, Lucy Butler, Jim Cust, Harriet Hoexter, Kim Keats, Adam Kreczko, Graham Sinden Space and Time: Wind in an Investment Planning Model EPRG 0603 Non-Technical Summary | PDF Abstract: Investment planning models inform investment decisions and government policies. Current models do not capture the intermittent nature of renewable energy sources, restricting the… Continue Reading
EPRG 0601
Louis Coulomb, Karsten Neuhoff Learning Curves and Changing Product Attributes: the Case of Wind Turbines EPRG 0601 Non-Technical Summary | PDF Abstract: The heuristic concept of learning curves describes cost reductions as a function of cumulative production. A study of the Liberty shipbuilders suggested that product quality and production scale are other relevant factors that… Continue Reading
EPRG 0730
James Cust, Anoop Singh, Karsten Neuhoff Rural Electrification in India: Economic and Institutional aspects of Renewables EPRG 0730 Non-Technical Summary | PDF Also published in: Singh, A, Neuhoff, K, & Cust, J. (2007). Rural electrification in india : Economic and institutional aspects of renewables. World, (December) Abstract: The paper assesses the demand for rural electricity… Continue Reading
EPRG 0707
Angus Johnston, Amalia Kavali, Karsten Neuhoff Take-or-pay contracts for Renewables Deployment EPRG 0707 Non-Technical Summary | PDF Also published in: Johnston, A., Kavalia, A. and Neuhoff, K. (2008), “Take or Pay Contracts for Renewables Deployment”, Energy Policy 36(7) Abstract: Renewables require support policies to deliver the European 20% target. We discuss the requirements for least… Continue Reading
EPRG 0702
Karsten Neuhoff, Jim Cust, Kim Keats Implications of intermittency and transmission constraints for renewables deployment EPRG 0702 Non-Technical Summary | PDF Abstract: We represent hourly, regional wind data and transmission constraints in an investment planning model calibrated to the UK and test sensitivities of least cost expansions to fuel and technology prices. Thus we can… Continue Reading
Technology policy to support the development of low‐C technologies
Karsten Neuhoff Technology policy to support the development of low‐C technologies CAM/MIT International Conference, London Presented 27 September 2007 | Download PDF Continue Reading
EPRG 0828
Xi Liang, David Reiner and Karsten Neuhoff Current Legal and Institutional Frameworks for Investing in Lower Carbon Electricity in China EPRG 0828 Non-Technical Summary | PDF Abstract: The economic and policy framework for investment decisions in the power generation sector in China are investigated. Our analysis combines a review of the existing legal framework with… Continue Reading
EPRG 0825
Maike Sippel, Karsten Neuhoff Lessons from conditionality provision for south-north cooperation on climate change EPRG 0825 Non-Technical Summary | PDF Also published in: Sippel, M. and Neuhoff, K. (2009), “A History of Conditionality: Lessons for International Cooperation on Climate Policy”, Climate Policy 9(5) Abstract: This article examines what may be taken into account, when designing… Continue Reading
EPRG 0501
Paul Twomey, Karsten Neuhoff Market Power and Technological Bias: The Case of Electricity Generation EPRG 0501 | Non-Technical Summary | PDF Abstract: It is difficult to eliminate all market power in electricity markets and it is therefore frequently suggested that some market power should be tolerated: extra revenues contribute to fixed cost recovery, facilitate investment… Continue Reading
EP 71
Paul Twomey, Richard Green, Karsten Neuhoff, David Newbery A Review of the Monitoring of Market Power: The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems EP 71 | Non-Technical Summary | PDF Abstract: The paper surveys the literature and publicly available information on market power monitoring in electricity… Continue Reading
EP 70
Lucy Butler, Karsten Neuhoff Comparison of Feed in Tariff, Quota and Auction Mechanisms to Support Wind Power Development EP 70 | Non-Technical Summary | PDF Abstract: A comparison of policy instruments employed to support onshore wind projects suggests that in terms of capacity installed, policies adopted in Germany have been more effective than those adopted… Continue Reading
Presentation “Spot Trade or Long Term Contracting ‐ a Strategic Perspective” by K. Neuhoff
Karsten Neuhoff gave a presentation “Spot trade or long term contracting ‐ a strategic perspective” during EPRG Winter Research Seminar, held in Cambridge on 9 December 2005 | PDF Continue Reading
Presentation “Allocation Matters – So What Can We Do About It? Strategies For The Electricity Sector 2008-2012” by K. Neuhoff
Karsten Neuhoff gave a presentation “Allocation matters – So what can we do about it? Strategies for the electricity sector 2008-2012“ that was commissioned by Climate Strategies and The Carbon Trust, London, on November 2005 | PDF Continue Reading
Presentation “System Integration Of Wind” by K. Neuhoff
Karsten Neuhoff gave a presentation “System integration of wind” during EPRG Spring Research Seminar, in Cambridge, on 6 May 2005 Continue Reading