The Scottish Government has recently set out a blueprint for an independent Scotland in its White Paper on Scotland’s Future. In this Comment, Malcolm Keay looks at the proposals on energy policy in Chapter 8 of the White Paper. The Scottish Government is trying to tread a delicate balance between continuity and change – sometimes […]
Spain is living with a high penetration of intermittent renewable power from wind and solar PV. Other EU electricity markets will soon have to do the same, if they are not already doing so. This Comment summarizes a number of the challenges facing Spain as a result of this form of de-carbonization, and also considers the […]
The Commission has proposed a “Target Model” for electricity markets as a basis for the development of the single market in Europe. This Comment, by Malcolm Keay, looks at whether the model is fit for purpose. It suggests that while the model adequately fulfils the single market objective it seems to have serious failings in […]
The government’s Electricity Market Reform proposals, currently going through the House of Commons, are aimed at reforming the UK electricity market in order to meet UK carbon targets. But of course we are now operating in a wider European context where, with UK backing, the Commission has been promoting a single European electricity market. Is […]
The government has an ambitious renewables programme whose costs have been much discussed. Unfortunately, due to the polarised nature of the debate, it has not produced clarity and some basic points remain obscure – are renewables cheap or expensive? Are renewables costs rising or falling? This Comment, by Malcolm Keay, looks at two important aspects […]
After much discussion and debate, the Government has come to an agreement on the contents of the Energy Bill to be introduced next week. This comment, by Malcolm Keay, looks at the implications of the new agreement. It provides clarity in some areas, for instance on the arrangements for the counter-party for the contracts which […]
Governments across the OECD are committed to ambitious reductions in CO2 emissions. Electricity is central to this agenda as the sector where the earliest and steepest cuts will be sought. A number of countries, like the UK, are already in the process of reforming their electricity markets in order to ensure the delivery of the […]
The government has published a draft Energy Bill, which would implement its electricity market reform proposals. This comment, by Malcolm Keay, looks at the provisions of the Bills. They would certainly add many new layers of regulation to a supposedly deregulated industry and substitute government decisions for those of market participants. However, many details of […]
The Government has published what is called a “technical update” to its electricity market reform White Paper. This Comment by Malcolm Keay analyses the new proposals and their implications. Many important questions about the new system remain unanswered, but the overall direction is clear – towards a planned electricity system whose function is to deliver […]
The Government has published its White Paper on Electricity Market Reform, which reintroduces the concept of central planning for the UK energy system. Malcolm Keay examines the proposals and their implications for electricity markets in this country; this may not be the last word in market reform ….
This presentation, given by Malcolm Keay to the Electricity Policy Research Group in Cambridge, looks at the impact of environmental policy on the electricity industry in the UK – and concludes that liberalisation is not likely to survive in any meaningful form.
The two-decade long history of power reforms in emerging economies has returned a mix of successes and failures. Building and financing adequate new electricity generation capacity remains a persistent problem in developing countries. To address capacity shortfalls and the lack of capital available for new units, the conventional wisdom has been to create competitive electricity […]
New OIES paper on OPEC choices and policies: For OPEC future oil demand growth (especially in 2019) hinges on outco… https://t.co/d9hpMtr0YW
OPEC at the Crossroads https://t.co/plmceBzfEr
Oxford Energy Podcast – Implications of the DG COMP investigation into Gazprom https://t.co/eGEsZZLHOD