Graham Shuttleworth - Incentives to build generation
Hancock's blog
English - March 13, 2014 23:35 - 6 minutes - 6.2 MBBusiness News Business News dso economics electricvehicles utilities batteries democratisation der deregulation disruption electricitymarkets Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The more you intervene, the more you intervene
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 took us through what happened when the UK’s New Electricity Trading Arrangements started to look old: a return to central planning. This week he looks at how the “market” works today and how government-sponsored incentives for the “right” sort of investment have snowballed.
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