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'Insufficient Incentives for Investment in Electricity Generation’
Neuhoff, K.; de Vries, L. - Faculty of Economics, University of Cambridge - 2004
In theory, competitive electricity markets can provide incentives for efficient investment in generating capacity. We …
Persistent link: https://www.econbiz.de/10005113841
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Low Carbon Electricity Investment: The Limitations of Traditional Approaches and a Radical Alternative
Laing, T.; Grubb, M. - Faculty of Economics, University of Cambridge - 2010
Moving to a very low carbon electricity system is central to meeting the goals of UK energy policy, and indeed to the … wider global challenge of tackling climate change. This will require massive investment in low carbon electricity sources … carbon price in the present liberalised electricity market, supplemented with additional incentive mechanisms like renewable …
Persistent link: https://www.econbiz.de/10008677944
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Demand-side Management Strategies and the Residential Sector: Lessons from International Experience
Brophy Haney, A.; Jamasb, T.; Platchkov, L.M.; Pollitt, M.G. - Faculty of Economics, University of Cambridge - 2010
This paper explores demand side management (DSM) strategies, including both demand response and energy efficiency policies. The aim is to uncover what features might strengthen DSM effectiveness. We first look at key features of residential energy demand and the limits to energy indicators. We...
Persistent link: https://www.econbiz.de/10008727345
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Auctions and trading in energy markets -- an economic analysis
Newbery, D.; McDaniel, Tanga - Faculty of Economics, University of Cambridge - 2002
Electricity Trading Arrangements to the former electricity Pool in England and Wales requires some analysis of the relative merits … of uniform versus discriminatory pricing rules, and use of the gas network in Britain and electricity interconnectors … in the electricity industry in England and Wales as well as some of the results to date. We also look at the wider issue …
Persistent link: https://www.econbiz.de/10005783778
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Allocating Transmission to Mitigate Market Power in Electricity Networks
Gilbert, Richard; Neuhoff, K.; Newbery, D. - Faculty of Economics, University of Cambridge - 2002
We ask what conditions transmission contracts increase or mitigate market power. We show that the allocation process of transmission rights is crucial. In an efficient arbitraged uniform price auction, generators will only obtain contracts that mitigate their market power. However, if generators...
Persistent link: https://www.econbiz.de/10005113830
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Price Volatility and Demand for Oil: A Comparative Analysis of Developed and Developing Countries
Jobling, Andrew; Jamasb, Tooraj - Faculty of Economics, University of Cambridge - 2015
During the past three decades the global oil market has seen significant price volatility. Literature to date has not analysed the cross-country effect of the recent episode of price instability. Previous studies have either not considered this period or have not utilised panel data techniques...
Persistent link: https://www.econbiz.de/10011265352
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The Effect of Energy Prices on Operation and Investment in OECD Countries: Evidence from the Vintage Capital Model
Steinbuks, J.; Meshreky, A.; Neuhoff, K. - Faculty of Economics, University of Cambridge - 2009
This paper analyzes the effect of energy prices on energy efficiency, separately accounting for operational and investment choices in different sectors. For this purpose, capital stock is characterised by vintages with different intensities of energy use, calculated as a function of...
Persistent link: https://www.econbiz.de/10008528488
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Operational and Investment Response to Energy Prices in the OECD Manufacturing Sector
Steinbuks, J.; Neuhoff, K. - Faculty of Economics, University of Cambridge - 2010
This paper estimates the vintage capital model of energy demand and examines operational and investment responses to energy prices at disaggregate level using data from five OECD manufacturing industries. Applying the model to less aggregate level data helps avoiding the distortions from...
Persistent link: https://www.econbiz.de/10008503178
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Planning electricity transmission to accommodate renewables: Using two-stage programming to evaluate flexibility and the cost of disregarding uncertainty
van der Weijde, A.H.; Hobbs, B.F. - Faculty of Economics, University of Cambridge - 2011
We develop a stochastic two-stage optimisation model that captures the multistage nature of electricity transmission …
Persistent link: https://www.econbiz.de/10009024895
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Long-Run Equilibrium Modeling of Alternative Emissions Allowance Allocation Systems in Electric Power Markets
Schulkin, J.Z.; Hobbs, B.F.; Pang, J. - Faculty of Economics, University of Cambridge - 2007
are somewhat mitigated if there are also electricity capacity markets or minimum-run restrictions on coal plants. …
Persistent link: https://www.econbiz.de/10005113754