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UK Electricity Market Reform—revolution or much ado about nothing?

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  • Toke, David

Abstract

The UK Government has published a White paper on Electricity Market Reform, which precedes legislation with a declared aim of delivering secure, clean and decarbonised electricity supply. It introduces interventionist methods aiming to promote a nuclear power construction programme, a streamlined renewables programmes and a system to ensure that generation capacity is built to cope with variability in electricity output. However, the policies announced to date are likely to fail in delivering the promised nuclear programme and the system of ‘feed-in tariffs’ announced for renewables is stunted and made less efficient by a desire to integrate it with the prevailing electricity market arrangements. The effect of the changes in the White Paper is likely to be incremental rather than revolutionary.

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  • Toke, David, 2011. "UK Electricity Market Reform—revolution or much ado about nothing?," Energy Policy, Elsevier, vol. 39(12), pages 7609-7611.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:12:p:7609-7611
    DOI: 10.1016/j.enpol.2011.08.061
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    References listed on IDEAS

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    1. Toke, David, 2011. "The UK offshore wind power programme: A sea-change in UK energy policy?," Energy Policy, Elsevier, vol. 39(2), pages 526-534, February.
    2. David M. Newbery, 2012. "Contracting for Wind Generation," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    3. Mitchell, C. & Bauknecht, D. & Connor, P.M., 2006. "Effectiveness through risk reduction: a comparison of the renewable obligation in England and Wales and the feed-in system in Germany," Energy Policy, Elsevier, vol. 34(3), pages 297-305, February.
    4. Toke, David & Fragaki, Aikaterini, 2008. "Do liberalised electricity markets help or hinder CHP and district heating? The case of the UK," Energy Policy, Elsevier, vol. 36(4), pages 1448-1456, April.
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    Cited by:

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    5. Amountzias, Chrysovalantis & Dagdeviren, Hulya & Patokos, Tassos, 2017. "Pricing decisions and market power in the UK electricity market: A VECM approach," Energy Policy, Elsevier, vol. 108(C), pages 467-473.

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