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A Nuclear Future? Uk Government Policy And The Role Of The Market

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  • David Newbery

Abstract

Nuclear power should be a feasible non‐carbon option in a liberalised market for electricity generation. However, if it is to be so, there needs to be a stable carbon price and a tax system which does not treat nuclear generation in a similar way to carbon‐based electricity generation. Further major reform of the electricity generating market will also be necessary.

Suggested Citation

  • David Newbery, 2010. "A Nuclear Future? Uk Government Policy And The Role Of The Market," Economic Affairs, Wiley Blackwell, vol. 30(2), pages 21-27, June.
    • Handle: RePEc:bla:ecaffa:v:30:y:2010:i:2:p:21-27
    DOI: 10.1111/j.1468-0270.2010.02001.x
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    References listed on IDEAS

    as
    1. David M. Newbery, 2005. "Electricity liberalization in Britain: The quest for a satisfactory wholesale market design," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 43-70.
    2. Fabien A. Roques & William J. Nuttall & David M. Newbery & Richard de Neufville & Stephen Connors, 2006. "Nuclear Power: A Hedge against Uncertain Gas and Carbon Prices?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 1-24.
    3. Brunekreeft, Gert & Neuhoff, Karsten & Newbery, David, 2005. "Electricity transmission: An overview of the current debate," Utilities Policy, Elsevier, vol. 13(2), pages 73-93, June.
    4. Roques, Fabien A. & Newbery, David M. & Nuttall, William J., 2008. "Fuel mix diversification incentives in liberalized electricity markets: A Mean-Variance Portfolio theory approach," Energy Economics, Elsevier, vol. 30(4), pages 1831-1849, July.
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    Cited by:

    1. Linares, Pedro & Conchado, Adela, 2013. "The economics of new nuclear power plants in liberalized electricity markets," Energy Economics, Elsevier, vol. 40(S1), pages 119-125.

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    More about this item

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy

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