The role of distributed energy resources (DERs) in future power systems is becoming increasingly important due to the ongoing transformation of the electricity sector towards carbon neutrality and higher decentralization. As changes in the demand side continue, such as the adoption of electric...

This paper by David Robinson, Angel Arcos, Michael Tennican and Fernando Núnez offers an independent assessment of certain key economic effects of the Iberian Exception (IE), the common name for legal measures affecting the Iberian power market that were introduced in June 2022 by the Spanish...

This study explores the structural shifts in Europe’s energy landscape following the loss of over one-third of its natural gas supplies due to the conflict in Ukraine, effectively severing the traditional natural gas trade “bridge” between Russia and Europe. Amidst Europe’s deep...

A concern persistent in scarcity-based market designs for electricity over many years has been the illiquidity of markets for long-term contracts to hedge away volatile price exposures between generators and consumers. These missing markets have been attributed to a range of factors including...

As the world races to decarbonize its energy systems, the choice between transmitting green energy as electrons through high-voltage direct current (HVDC) lines or as molecules via hydrogen pipelines emerges as a critical decision. This paper considers this pivotal choice and compares the...

The global low-carbon energy transition will require major changes to institutional practices and energy industry paradigms with implications for society writ large. A country’s existing institutional pattern inevitably shapes the transition, and helps or hinders its progress. This is perhaps...

This paper considers potential import routes for low-carbon and renewable hydrogen (H2) to main European markets like Germany. In particular, it analyses claims made by Hydrogen Europe and subsequently picked up by the European Commission in its Hydrogen Strategy that there will be 40GW of...

The Oxford Institute for Energy Studies started researching the role of hydrogen in the energy transition in 2020. Since then the interest in hydrogen has continued to grow globally across the energy industry. A key research question has been the extent to which clean hydrogen can be scaled up...

This paper discusses the supply of regasified LNG to the wholesale gas market and its contribution to UK energy security in the context of the fundamental changes to European gas price-formation in the last decade. It examines the three parts of the LNG supply chain; the functioning of the...