The following provides summaries of the research in progress by staff of the Oxford Institute for Energy Studies. The Institute’s unique multidisciplinary expertise allows it to examine the economics, the politics and the sociology of energy with a focus on oil and natural gas.
The specific subjects of research in progress, while set within these broad lines, necessarily reflects the particular research capacities, skills and interests of the research fellows.
Australia’s National Electricity Market is an important global test case of the impacts of electricity transition on a large-scale liberalised energy-only market. The integration of variable and distributed energy resources has challenged existing market frameworks, and new approaches to the design and operation of the system are required. This stream of work will provide an […]
The UK CfD auction scheme to support renewable energy investment provides an interesting research subject. In the second auction round, in 2017, unexpected low price levels for the less mature technologies, especially offshore wind, have been observed. Costs of offshore wind have been on a descending cost trajectory but there might be also other reasons […]
The Helm Review of The Cost of Energy (which in practice focused on electricity) was published in October 2017. It contained a penetrating analysis of the political and technical challenges facing the UK electricity industry and a number of radical proposals for reform. In doing so it raised some fundamental issues about the industry’s future, […]
Auctions are increasingly being used for the procurement of new services and resources within electricity systems. For instance, auctions are now a standard means of promoting renewables; capacity auctions are being introduced in many countries; tenders for specialised services (like black start and frequency response) are commonly employed by grid operators; and the recent Helm […]
It is well accepted that markets are the most effective arena for organising productive activities. In the liberalisation of electricity sectors the role for government was envisioned as that of the “night watchman” that intervenes in the market only when the latter fails to allocate scare resources efficiently or when the operation of the market […]
This paper provides a critical review of the economic basis of the OECD power sector model, interrogating its relevance for desired sector outcomes in both developed and developing countries. The paper finds that the OECD model – as well as the related non-OECD standard model – has not been implemented in its ideal form in […]
Efficiency analysis lies at the heart of incentive-based regulation of electricity distribution networks. Most regulatory authorities have graduated from using exclusively ex ante (rate of return based) reviews of firms’ expenditures to relying also on ex post assessments of their costs – the latter are underpinned by benchmarking techniques (Poudineh and Jamasb, 2014). However, an […]
Electricity Markets in MENA: Adapting for the Transition Era https://t.co/DcKlQM11iE
OIES quarterly gas review compares companies’ levels of oil and gas production https://t.co/3JZh6hfatV https://t.co/5s5u5EIMNw
OIES publishes its new gas quarterly review: With the smallest spread between Gazprom realised price and NBP since… https://t.co/aJMozV6lUe