Research

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.

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  • Enabling Decentralised Flexibility in the Digital Age

    By: Zheng Xu

    Decarbonisation, decentralisation and digitalisation are three major pillars reshaping electricity systems; enabling consumers to monetise their flexible load and optimise their consumption, without necessarily sacrificing their comfort; with smart infrastructures, assisting utilities to improve their operational efficiency; and promoting active grid management by distribution system operators. However, existing market design and regulation has developed in […]

  • Analysis of the issues raised in the Helm Review

    By: Malcolm Keay

    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, […]

  • The role of auctions in electricity systems

    By: Malcolm Keay , David Robinson

    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 […]

  • The role of centralised coordination in electricity markets

    By: Rahmat Poudineh

    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 […]

  • Investigating the Relevance of Market Model Power Sector Reforms – 30 Years On

    By: Anupama Sen , Rahmat Poudineh , Catrina Godinho , Anton Eberhard

    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 […]

  • Marginal Efficiency Effect of Environmental Variables: The Case of the Norwegian Electricity Distribution Networks

    By: Rahmat Poudineh , Anupama Sen

    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 […]

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