In this paper, we examine the evolution and functioning of the traded gas market in Great Britain.1 We will begin by looking at the historical background and the reasons why a successful liberalised gas market was able to develop in Britain. We will look at the Network Code and the National Balancing Point and examine […]
In contrast to the findings of the recent BERR Committee enquiry into UK energy prices, Professor Philip Wright and Dr Ian Rutledge argued in their evidence to the Committee that the re-introduction of price control regulation is the only policy solution which can protect domestic consumers from being over-charged under the cover of rising wholesale […]
The consultation process on nuclear power in the UK has ended and the Government is considering the way forward. This Comment, by Malcolm Keay, explores the difficult dilemma the Government is facing. On the one hand, nuclear power looks necessary for energy security and to meet climate change targets. On the other hand, nuclear does […]
In this comment, Malcolm Keay looks at the recently published UK Energy Review and asks whether it amounts to a coherent energy policy. He suggests that it is unlikely to be the final word on the matter – it leaves a trail of unfinished business and fails to address the fundamental question of how energy […]
The Government’s Energy Review is due out later this summer and already critics are attacking its expected recommendation – to build new nuclear plant. Instead, many are proposing a programme of decentralised generation. In this comment, Malcolm Keay asks whether this is a sensible way of framing the debate and what the evidence is on […]
Current UK energy policy is adversely affecting investment decisions in the power generation sector. John Bower examines current policy and seeks a pragmatic solution. (published in Platts European Electricity Review 2004)
The England & Wales Electricity Pool (‘the Pool’) began trading on 1 April 1990 and was the centrepiece of UK electricity market deregulation and price liberalisation. As one of the first examples of a competitive wholesale electricity market anywhere in the world’ it was copied, almost in entirety in some cases, by a number of […]
A very great and, at first glance, confusing variety of tenancy arrangements for mineral resources can be observed around the world. Substance and form may vary not only from one country to another, but even from one region to another within the same country. In addition, the type of tenancy may vary from one mineral […]
This paper develops a model of the decision to decommission an oil platform offshore the UK, using elementary options valuation It contrasts the choice of decommissioning date under expected or certain-equivalent value with the dates that would be optimal if options values for continuing production were developed with respect to uncertain prices, decommissioning costs, fixed […]
Oil and Gas in a New Libyan Era: Conflict and Continuity https://t.co/1nwjuVE0VO
February 18th
OIES' Patrick Heather and @thierry_bros comment on no-deal Brexit risk for French security of gas supply - quoted i… https://t.co/h60xGi8G2r
February 18th
New OIES paper on oil price paths in 2019: In reference scenario, Brent expected to average $68/b in 2019; Brent ri… https://t.co/kxjN8ToXKD
February 16th
