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New Thinking: On Professor Helm’s political economy
On Professor Helm’s political economy Matthew Lockwood, IGov Team, 30th October 2017 On Professor Helm’s political economy Dieter Helm’s much anticipated cost of energy review has already attracted a lot of critical response, for example on his call for an economy-wide carbon price, the idea of folding the CfD and the Capacity Market into auctions for ‘equivalent firm capacity’, making renewables cover their own intermittency costs, and indeed querying his starting point that energy costs are ‘too high’. CarbonBrief has a useful summary of all the various points that have been made. As others have
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New Thinking: The complex world of price caps – should GB have one, and if so who is eligible?
The complex world of price caps – should GB have one, and if so who is eligible? Catherine Mitchell, IGov Team, 26th October 2017 Energy price caps have been an important part of the political landscape ever since Ed Milliband announced he would freeze prices in 2013, if the Labour Party was elected at the next election. This ultimately led to a Competition and Mergers Authority Investigation into the Energy Market, and the degree to which it is competitive (please see the IGov website for our multiple submissions to the CMA investigation, kicking off with
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Global Insight 17 – 24th Oct 2017
Australia The National Energy Guarantee The big news story in Australia this week is the Turnbull Government’s announcement of the National Energy Guarantee (NEG). The NEG will replace the Renewable Energy Target which is due to finish in 2020 and is in place of a Clean Energy Target which was recommended by the Finkel Review in June this year. The NEG has been recommended by the newly appointed independent Energy Security Board to give investor certainty and to deliver affordable, reliable and to some extent, low-emission generation. The NEG is made up of two parts
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Save the date: Innovation and Governance for Future Energy Systems
Save the date Innovation and Governance for Future Energy Systems, 8 March 2018, International Women’s Day IGov will be holding a conference on Innovation and Governance for Future Energy Systems on 8 March 2018 – International Women’s Day – at the Coin Street Conference Centre. The meeting costs will be partially supported by the EPSRC Energy Programme. The aim of the meeting is to have about 100 people discussing cutting-edge innovation and governance issues to do with Future Energy Systems. All speakers will be women, in different stages of their career across the energy spectrum
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Submission: Comments on WPD’s DSO Transition Consultation Document
Comments on WPD’s DSO Transition Consultation Document Submission from Rachel Bray, Helen Poulter, Richard Hoggett, Catherine Mitchell & Bridget Woodman: Energy Policy Group, University of Exeter The Energy Policy Group (EPG) of the University of Exeter welcomed the chance to comment on WPD’s DSO Transition programme and applauds WPD for the efforts made in recognising that transformation is essential to ensure that the network can meet the future energy demands of all of WPD’s customers. IGov is a project undertaken by the EPG. It takes the view that institutional and regulatory change is required to enable
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Presentation: RIIO ED-I Tables, based on Ofgem Review figures
RIIO ED-I Tables, based on Ofgem Review figures From: Catherine Mitchell, Helen Poulter & Richard Hoggett Presentation to: e-Lab, October 2017, Albuquerque The presentation can be downloaded here
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Global Insight 16 – 10th Oct 2017
Australia ARENA and ENA provide an overview of the future grid edge market place The Australian Renewable Energy Agency (ARENA) and Energy Networks Australia (ENA) have teamed up to start discussions towards moving the national electricity market (NEM) towards a customer focussed, decentralised grid. Part of this transition will involve providing value for current customers DER. ARENA and the ENA have proposed that the current distribution network operators role will be split into that of distribution system operator (DSO) and a distribution market operator (DMO). The DSO responsibilities will be that of providing ‘safe, reliable
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Working Paper: The development of the Capacity Market for electricity in Great Britain
The development of the Capacity Market for electricity in Great Britain Matthew Lockwood EPG Working Paper: 1702 Abstract: A Capacity Market (CM) for electricity was introduced in Great Britain in the early 2010s, with the first auctions being held in 2014. The CM has been controversial in its design and effects. In particular it has been seen as benefitting existing, often high-carbon, capacity and large incumbent generators, rather than new entrants and technologies, such as demand side response. More broadly, it is seen by some as working against, rather than for, the development of a low-carbon
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Global Insight 15 – 3rd Oct 2017
Australia Energy market transformation The Australian National Energy Market (NEM) has been swift in its implementation of some of the Finkel Review recommendations. The new Energy Security Board has been established to oversee the whole system transformation. The Australian Energy Market Operator (AEMO) has also recently announced its own Expert Advisory Panel (EAP) to advise on key initiatives from the review. This panel consists of leaders from the energy industry and is chaired by Ms Chloe Munro who was a former chair of the Clean Energy Regulator and a panel member for the Finkel review
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Submission: Comments on the Open Letter on the RIIO-2 Framework
Comments on the Open Letter on the RIIO-2 Framework Submission from Helen Poulter, Catherine Mitchell and Richard Hoggett, Energy Policy Group, University of Exeter 1. Introduction The Energy Policy Group (EPG) of the University of Exeter welcomes the chance to review the Open Letter on the RIIO-2 Framework. The Open Letter (OL) is part of a group of related documents published on 4 August 2017: the Ofgem Strategy for Regulating the Future Energy System; a joint BEIS / Ofgem plan for a smart, flexible power system with the Government (which resulted from the January
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