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Cost of Energy Review: Dieter Helm, October 2017

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  • Keay, Malcolm

Abstract

The Cost of Energy Review by Professor Dieter Helm, published in October 2017, is a remarkable achievement, if only for the speed of its production. Written in little over two months, it nonetheless provides a clear overview of the UK electricity sector, along with radical proposals for reforming the system. However, it is not clear whether it will in practice provide a blueprint for the future. The Review did not benefit from the usual process of consultation and evidence gathering, which took place only after its publication. Its recommendations are essentially personal - many seem either unrealistic or controversial. The Review's main contribution may therefore turn out to be its analysis of the changes under way in electricity and the problems with the UK's current policy approach, including its excessive complexity. Even if it does not provide a roadmap for the way forward, the Review is likely to be an important reference point for some time to come.

Suggested Citation

  • Keay, Malcolm, 2018. "Cost of Energy Review: Dieter Helm, October 2017," Energy Policy, Elsevier, vol. 115(C), pages 216-220.
    • Handle: RePEc:eee:enepol:v:115:y:2018:i:c:p:216-220
    DOI: 10.1016/j.enpol.2018.01.022
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    References listed on IDEAS

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    1. Mihai Burcea & Wing-Kai Hon & Hsiang-Hsuan Liu & Prudence W. H. Wong & David K. Y. Yau, 2016. "Scheduling for electricity cost in a smart grid," Journal of Scheduling, Springer, vol. 19(6), pages 687-699, December.
    2. Hirth, Lion, 2013. "The market value of variable renewables," Energy Economics, Elsevier, vol. 38(C), pages 218-236.
    3. Lion Hirth, 2013. "The Market Value of Variable Renewables. The Effect of Solar and Wind Power Variability on their Relative Price," RSCAS Working Papers 2013/36, European University Institute.
    4. ., 2016. "Electric energy utilities," Chapters, in: Public Utilities, Second Edition, chapter 4, pages 69-88, Edward Elgar Publishing.
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