Publications in: Energy

Estimating the Value of Lost Load (VoLL)

Published: November, 2011

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

Published: October, 2011

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

Published: June, 2011

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

The Functioning of Retail Electricity Markets in the European Union

Published: November, 2010

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

Published: October, 2010

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 […]

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

Published: April, 2010

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

Modelling EU Electricity Market Competition Using the Residual Supply Index

Published: May, 2008

This LE Working Paper reports on research undertaken by LE and others for the European Commission inquiry into the state of competition in the EU’s electricity markets. It also presents new analysis on the economic foundations of the Residual Supply Index as a market structure variable.  From 2005 to 2007

Determinants of Prices and Margins in the EU’s Major Electricity Markets

Published: October, 2007

European Global Energy Symposium, Lisbon, October 9, 2007.

Consolidation in Electricity Markets in CEE: The Case of Hungary

Published: July, 2007

Gas and Power in Central & Eastern Europe Conference, Vienna, July 5-6, 2007.

Structure and Performance of Six European Wholesale Electricity Markets in 2003, 2004, and 2005

Published: February, 2007

The report provides an in-depth assessment of the electricity wholesale markets in Belgium, Germany, Spain, France, the Netherlands and Great Britain with a view to determining how competitive markets were in 2003, 2004 and 2005. The report provides summary key results for traditional market structural indicators, electricity-specific measures of market structure and market outcome measures. […]