Graham Shuttleworth - 5 years of learning and 5 years of complaining

Hancock's blog

English - March 27, 2014 23:42 - 6 minutes - 5.82 MB
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Previous Episode: Graham Shuttleworth - Single buyer guarantees low carbon generation for decades

Next Episode: Graham Shuttleworth - Stable but increasingly expensive? The future for the UK electricity industry

The electricity market cycle: key concepts in market design and changes in underlying economics

We’re all about the Labour-Green’s proposals for an alternative model for the electricity market here. The UK Labour Party came up with something quite similar in mid-2013 which has put the cat amongst their pigeons so for the next couple of months I’m taking to Graham Shuttleworth who is the office head for the economic consultancy NERA in London, and one of the original authors of the UK Pool Rules – on which our own electricity market was based.

Last week, Graham talked specifically about the contract the UK single buyer has just written to underwrite a new nuclear power station. This week he reminds us of the role that independent regulation was originally intended to play in the UK market and why people keep on designing arrangements from scratch.

As with other podcasts, the opinions expressed in the interview are Graham's and do not necessarily represent the views of NERA Economic Consulting or any other NERA consultant. If you quote the podcast, you should attribute the reference to him personally rather than the firm.

This podcast was recorded in 2014