nep-reg New Economics Papers
on Regulation
Issue of 2019‒03‒25
twenty-one papers chosen by
Natalia Fabra
Universidad Carlos III de Madrid
  1. Pass-through, profits and the political economy of regulation By Felix Grey; Robert A. Ritz
  2. Market design for a high-renewables European electricity system By David Newbery; Michael Pollitt; Robert Ritz; Wadim Strielkowski
  3. Equilibrium supply security in a multinational electricity market with renewable production By Thomas P. Tangerås
  4. Storage Business Models: Lessons for Electricity from Natural Gas, Cloud Data and Frozen Food By Karim L. Anaya; Michael G. Pollitt
  5. Small Systems, Big Targets: Power Sector Reforms and Renewable Energy Development in Small Electricity Systems By Rabindra Nepal; Tooraj Jamasb; Anupama Sen; Lawrence Cram
  6. Vintage differentiated regulations and plant survival: Evidence from coal-fired plants By Daniel Coysh; Nick Johnstone; Tomasz Koźluk; Daniel Nachtigall; Miguel Cárdenas Rodríguez
  7. When is a carbon price floor desirable? By David M. Newbery; David M. Reiner; Robert A. Ritz
  8. A Social Cost Benefit Analysis of Grid-Scale Electrical Energy Storage Projects: Evaluating the Smarter Network Storage Project By Arjan S. Sidhu; Michael G. Pollitt; Karim L. Anaya
  9. Strategic behaviour in a capacity market? The new Irish electricity market design By Juha Teirilä; Robert A. Ritz
  10. Restructuring the Chinese Electricity Supply Sector – How industrial electricity prices are determined in a liberalized power market: lessons from Great Britain By Michael G. Pollitt; Lewis Dale
  11. Causal Tree Estimation of Heterogeneous Household Response to Time-Of-Use Electricity Pricing Schemes By Eoghan O'Neill; Melvyn Weeks
  12. A novel machine learning approach for identifying the drivers of domestic electricity users' price responsiveness By Peiyang Guo; Jacqueline CK Lam; Victor OK Li
  13. The Asymmetric Regulation applied on Asset Evaluation for Network Utilities’ tenders: the italian liberalisation of gas distribution’ case. By Roberto Fazioli; Donato Lenza
  14. On entry cost dynamics in Australia's National Electricity Market By Paul Simshauser; Joel Gilmore
  15. Reactive Power Procurement: Lessons from Three Leading Countries By Karim L. Anaya; Michael G. Pollitt
  16. Designing an electricity wholesale market to accommodate significant renewables penetration: Lessons from Britain By David M Newbery
  17. Simulation and Evaluation of Zonal Electricity Market Design By M. R. Hesamzadeh; P. Holmberg; M. Sarfati
  18. UK Electricity Market Reform and the Energy Transition: Emerging Lessons By Michael Grubb; David Newbery
  19. The economics of air pollution from fossil fuels By David Newbery
  20. The impact of PVs and EVs on Domestic Electricity Network Charges: a case study from Great Britain By Sinan Küfeoglu; Michael Pollitt
  21. A Primer on Capacity Mechanisms By Natalia Fabra
  1. By: Felix Grey (Faculty of Economics & Energy Policy Research Group Cambridge University); Robert A. Ritz (Faculty of Economics & Energy Policy Research Group Cambridge University)
    Keywords: Cost pass-through, regulation, carbon pricing, airlines, political economy
    JEL: D43 H23 L51 L92 Q54
    Date: 2018–10
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1831&r=all
  2. By: David Newbery (Energy Policy Research Group (EPRG) Judge Business School & Faculty of Economics Cambridge University); Michael Pollitt (Energy Policy Research Group (EPRG) Judge Business School & Faculty of Economics Cambridge University); Robert Ritz (Energy Policy Research Group (EPRG) Judge Business School & Faculty of Economics Cambridge University); Wadim Strielkowski (Energy Policy Research Group (EPRG) Judge Business School & Faculty of Economics Cambridge University)
    Keywords: Electricity markets, wholesale market design, renewable energy, interconnection, electricity storage, long-term contracts, capacity markets
    JEL: H23 L94 Q28 Q48
    Date: 2017–06
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1711&r=all
  3. By: Thomas P. Tangerås (Research Institute of Industrial Economics (IFN), Stockholm, Sweden and Energy Policy Research Group (EPRG), University of Cambridge)
    Keywords: Capacity mechanism, decentralized policy making, multinational electricity market, network investment, security of supply
    JEL: D24 H23 L94 Q48
    Date: 2017–04
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1707&r=all
  4. By: Karim L. Anaya (Energy Policy Research Group, University of Cambridge Judge Business School); Michael G. Pollitt (Energy Policy Research Group, University of Cambridge Judge Business School)
    Keywords: Business models, electrical energy storage, natural gas storage, frozen food storage, cloud storage.
    JEL: L94 Q48
    Date: 2018–01
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1804&r=all
  5. By: Rabindra Nepal (CDU Business School, Charles Darwin University); Tooraj Jamasb (Durham University); Anupama Sen (Oxford Institute for Energy Studies); Lawrence Cram (CDU Business School, Charles Darwin University)
    Keywords: electricity, reforms, renewables, island economies, territories
    JEL: D04 L94 Q48 L51
    Date: 2017–05
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1709&r=all
  6. By: Daniel Coysh; Nick Johnstone (OECD); Tomasz Koźluk (OECD); Daniel Nachtigall (OECD); Miguel Cárdenas Rodríguez (OECD)
    Abstract: This paper assesses the effect of environmental regulations on plant survival and emissions using data on the extent of vintage differentiation of regulations (VDR5) regarding air pollution emission limit values for existing and new coal-fired power plants. Focussing on NOx and SOx emissions, the paper applies survival analysis techniques on a sample of generating units across 31 OECD and non-member countries between 1962 and 2012.
    Keywords: air pollution, coal powered plants, emission limit values, environmental policies, exit, Vintage differentiated regulation
    JEL: Q50 Q53 Q58 Q48
    Date: 2019–03–05
    URL: http://d.repec.org/n?u=RePEc:oec:envaaa:144-en&r=all
  7. By: David M. Newbery (Energy Policy Research Group (EPRG) Judge Business School & Faculty of Economics Cambridge University); David M. Reiner (Energy Policy Research Group (EPRG) Judge Business School & Faculty of Economics Cambridge University); Robert A. Ritz (Energy Policy Research Group (EPRG) Judge Business School & Faculty of Economics Cambridge University)
    Keywords: Carbon pricing, electricity markets, market failure, policy failure, political economy, price floor, price corridor
    JEL: H23 L94 Q48 Q54
    Date: 2018–06
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1816&r=all
  8. By: Arjan S. Sidhu (Energy Policy Research Group University of Cambridge); Michael G. Pollitt (Energy Policy Research Group University of Cambridge); Karim L. Anaya (Energy Policy Research Group University of Cambridge)
    Keywords: electrical energy storage, battery, social cost benefit analysis
    JEL: L94 L98 Q48 D61
    Date: 2017–06
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1710&r=all
  9. By: Juha Teirilä (Department of Economics, University Oulu, Finland); Robert A. Ritz (Judge Business School & Energy Policy Research Group, University of Cambridge.)
    Keywords: capacity market, strategic behaviour, competitive benchmark analysis, restructured electricity market, auction design
    JEL: D44 H57 L13 L94
    Date: 2018–10
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1833&r=all
  10. By: Michael G. Pollitt (Energy Policy Research Group University of Cambridge); Lewis Dale (National Grid)
    Keywords: Chinese power market reform; industrial electricity price; electricity liberalization
    JEL: L94
    Date: 2018–11
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1839&r=all
  11. By: Eoghan O'Neill (Faculty of Economics University of Cambridge); Melvyn Weeks (Faculty of Economics and Clare College, University of Cambridge)
    Keywords: Machine learning, TOU tariffs, Smart metering, Household electricity demand
    JEL: Q41
    Date: 2019–01
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1906&r=all
  12. By: Peiyang Guo (Department of Electrical and Electronic Engineering, The University of Hong Kong, Hong Kong); Jacqueline CK Lam (Department of Electrical and Electronic Engineering, The University of Hong Kong, Hong Kong); Victor OK Li (Department of Electrical and Electronic Engineering, The University of Hong Kong, Hong Kong)
    Keywords: Time-based electricity pricing, price responsiveness, high-potential users, variable selection, Time of Use, machine learning
    JEL: Q41
    Date: 2018–08
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1824&r=all
  13. By: Roberto Fazioli; Donato Lenza
    Abstract: Since June 2011, the individual municipalities cannot independently process their public tenders for the award of the natural gas provision services. Such public tenders pertain to pre-defined areas (known as Ambito Territoriale Minimo – ATEM, in short), much larger than most municipalities. This paper discusses the negative effects of the regulation defining the ATEM (i.e. specially Asymmetric Regulation) as the unit of reference for the public tenders, highlighting, in particular, the issues and the damages caused to the municipalities. It then suggests a way forward (i) to address the financial issues that the regulation is causing to the municipalities and (ii) to overcome the current standstill which is profitable only for the incumbents currently managing the distribution network despite the expiration of their contracts.
    Keywords: Network Utilities Competition; Asymmetric Regulation; Asset evaluation; Access Prices Regulation; Network Charges; Contestability; Public Finance Effect
    Date: 2019–03–21
    URL: http://d.repec.org/n?u=RePEc:udf:wpaper:2019028&r=all
  14. By: Paul Simshauser (Griffith Business School, Griffith University); Joel Gilmore (Corporate Development & Regulatory Affairs at Infigen Energy.)
    Keywords: Variable Renewable Energy, Electricity Prices, Power System Planning
    JEL: D61 L94 L11 Q40
    Date: 2018–12
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1841&r=all
  15. By: Karim L. Anaya (Energy Policy Research Group, Judge Business School, University of Cambridge); Michael G. Pollitt (Energy Policy Research Group, Judge Business School, University of Cambridge.)
    Keywords: reactive power, system operators, distributed energy resources, procurement methods, auction market design
    JEL: L51 Q40 Q48
    Date: 2018–10
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1829&r=all
  16. By: David M Newbery (Energy Policy Research Group, University of Cambridg)
    Keywords: renewables, market failures, locational signals, contract design
    JEL: D52 H23 L94 Q48 Q54
    Date: 2017–12
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1719&r=all
  17. By: M. R. Hesamzadeh (Electricity Market Research Group (EMReG), KTH Royal Institute of Technology, Sweden); P. Holmberg (Research Institute of Industrial Economics (IFN), Sweden -Energy Policy Research Group (EPRG), University of Cambridge); M. Sarfati (Energy Policy Research Group (EPRG), University of Cambridge)
    Keywords: Two-stage game, Zonal pricing, Wholesale electricity market, Bilinear programming
    JEL: C61 C63 C72 D43 L13 L94
    Date: 2018–05
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1813&r=all
  18. By: Michael Grubb; David Newbery
    Keywords: Electricity market design, capacity auctions, renewables support
    JEL: L94 D44
    Date: 2018–06
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1817&r=all
  19. By: David Newbery (Energy Policy Research Group University of Cambridge)
    Keywords: Air pollution, particulates, fossil generation, transport, emissions trading
    JEL: H2 H23 H41 I18 Q51 Q54 Q58
    Date: 2017–05
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1708&r=all
  20. By: Sinan Küfeoglu (Energy Policy Research Group University of Cambridge); Michael Pollitt (Energy Policy Research Group University of Cambridge)
    Keywords: distribution; network; tariff; PV; EV
    JEL: L94
    Date: 2018–05
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1814&r=all
  21. By: Natalia Fabra (Universidad Carlos III de Madrid and CEPR)
    Keywords: scarcity pricing, market power, capacity markets, reliability options.
    JEL: L13 L51 L94
    Date: 2018–02
    URL: http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1806&r=all
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