Energy Retail Markets Comparability Study

The report assesses the trends and position of the UK electricity and gas retail markets relative to comparable jurisdictions in terms of prices, competition and profitability. The study draws on several decades of publicly available data. The main comparator groups are the EU 15 and a selected OECD grouping based on comparability.

Estimating the Impact of Wind Generation on Balancing Costs in the GB Electricity Markets

Gregory P. Swinand and Moritz Godel, 4th Workshop on Energy and CO2 Markets, Valencia, Spain, February 13-14, 2013.    

Estimating the Impact of Wind Generation on Balancing Costs in the GB Electricity Markets

Estimating the Value of Lost Load (VoLL)

This report for Ofgem estimates the Value of Lost Load (VoLL) for domestic and SME, industrial and commercial (I&C), and electricity producing gas consumers. VoLL represents the value that gas users attribute to security of gas supply and the estimates could be used to provide a price signal about the adequate level of security of […]

Review of Company Surveys of Consumer Willingness to Pay to Reduce the Impacts of Transmission Infrastructure on Visual Amenity

In the context of potential measures to reduce the visual amenity impacts of existing transmission infrastructure, this London Economics study for Ofgem provides a critical review of willingness to pay evidence provided to Ofgem by the transmission operators. The first step of the review involved determining a current best practice model for WTP studies assessing […]

Dynamic Modelling of Transmission Systems: Costs of Seasonal-zonal Transmission Loss Factor Charging and the Impact of Large-scale Offshore Wind

2nd forum on Economics of Marine Renewable Energy, HMRC UCC, June 2011.

The Functioning of Retail Electricity Markets in the European Union

London Economics, in cooperation with Ipsos, IBF Consulting and CRIOC, were commissioned by the EC DG Health and Consumers (SANCO) to examine the functioning of retail electricity markets in the European Union. Based on consumer surveys, stakeholder surveys and mystery shopping exercises carried out in the 27 Member States, the study shows that, although consumers […]

Small Business Cost of Capital

This report estimates the cost of capital for small independent gas transport (IGT)companies. The report was submitted to Ofgem as part of their consultation on the cost of capital for the legacy IGT sector in the UK as part of their normal 5-year review. London Economics has estimated the weighted-average cost of capital (WACC) for […]

Modelling EU Electricity Market Competition Using the Residual Supply Index

Swinand, G., Scully, D., Ffoulkes S. and Kessler, B The Electricity Journal, Vol 23, Issue 9, November 2010, Pages 41-50.

Economic Feasibility of Coupling Offshore with Large-scale Storage Hydro in Ireland – A Preliminary Investigation

Economics of Ocean and Marine Energy Symposium, UCC, HMRC, April 21, 2010.