Projects
Projects: Projects for Investigator |
||
| Reference Number | R000236828 | |
| Title | Developing competition in the british energy markets | |
| Status | Completed | |
| Energy Categories | Other Cross-Cutting Technologies or Research(Environmental, social and economic impacts) 100%; | |
| Research Types | Basic and strategic applied research 100% | |
| Science and Technology Fields | SOCIAL SCIENCES (Economics and Econometrics) 100% | |
| UKERC Cross Cutting Characterisation | Sociological economical and environmental impact of energy (Policy and regulation) 100% | |
| Principal Investigator |
Professor DMG (David ) Newbery No email address given Economics University of Cambridge |
|
| Award Type | Standard | |
| Funding Source | ESRC | |
| Start Date | 01 October 1997 | |
| End Date | 31 December 1999 | |
| Duration | 27 months | |
| Total Grant Value | £187,490 | |
| Industrial Sectors | No relevance to Underpinning Sectors | |
| Region | East of England | |
| Programme | ESRC Energy | |
| Investigators | Principal Investigator | Professor DMG (David ) Newbery , Economics, University of Cambridge (100.000%) |
| Web Site | https://gtr.ukri.org/projects?ref=R000236828 |
|
| Objectives | Objectives not supplied | |
| Abstract | Our research will explore how far further competition with the ending of the franchise markets for gas and electricity will improve performance in these industries. The regulatory burden might be reduced, but there may be additional opportunities for the exercise of market power which might prejudice network coordination benefits. Our objectives can be summarised as follows: First, we ask whetherand how far competition in the franchise market can replace regulation and attempt to quantify thecosts and benefits arising from changes in the British energy markets. Second, we explore interactions between spot markets in electricity and gas, where generators might sell spot gas instead of generating electricity, or might be interrupted, thereby affecting bidding behaviour, price setting, andthe securityof supply in each market. Third, we study the pricing and regulation of the transmission systems for gas and electricity to see whether market-based solutions for allocating bottleneckfacilities have adverse impacts on market power. Finally, we plan to compare the experience of electricity and gas industries in England and Wales with that of the other areas where reforms are occuringsuch as Scotland, Northern Ireland, California, and Latin America. | |
| Publications | (none) |
|
| Final Report | (none) |
|
| Added to Database | 24/11/09 | |
