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The Hunter Valley Access Undertaking: elements of a negotiated settlement
Bordignon, S.; Littlechild, S. - Faculty of Economics, University of Cambridge - 2012
On 29 June 2011 the Australian Competition and Consumer Commission (ACCC) accepted an access undertaking from Australian Rail Track Corporation (ARTC) in relation to the Hunter Valley rail network. The ACCC encouraged ARTC and its users (principally coal producers) to discuss and negotiate the...
Persistent link: https://www.econbiz.de/10010699823
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Assessing the efficient cost of sustaining Britain’s rail network: perspectives based on Zonal comparisons
Kennedy, J.; Smith, A.S.J. - Faculty of Economics, University of Cambridge - 2003
The objective of this paper is to inform the debate on how efficiency targets for Network Rail (formerly Railtrack) should be set during the 2002/03 Interim Review and beyond. Given the problems experienced during the 2000 Periodic Review, which focused on external benchmarks, we propose an...
Persistent link: https://www.econbiz.de/10005113822
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Does Liberalisation cause more Electricity Blackouts? Evidence from a Global Study of Newspaper Reports
Yu, W.; Pollitt, M.G. - Faculty of Economics, University of Cambridge - 2009
There is a public perception that electricity liberalisation is the major cause of recent electricity blackouts. This … model and sample means techniques in a detailed examination of the effect of liberalisation and regional factors on the …, liberalisation does not have a significant statistical effect on the frequency of small blackouts. The perception that there is an …
Persistent link: https://www.econbiz.de/10005647354
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Market design
Newbery, D. - Faculty of Economics, University of Cambridge - 2006
Europe is liberalising electricity in accordance with the European Commission’s Electricity Directives. Different …
Persistent link: https://www.econbiz.de/10005647479
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A Review of the Monitoring of Market Power The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems
Twomey, P.; Green, R.; Neuhoff, K.; Newbery, D. - Faculty of Economics, University of Cambridge - 2005
The paper surveys the literature and publicly available information on market power monitoring in electricity wholesale markets. After briefly reviewing definitions, strategies and methods of mitigating market power we examine the various methods of detecting market power that have been employed...
Persistent link: https://www.econbiz.de/10005647499
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Long-term vs. Short-term Contracts; A European perspective on natural gas
Neuhoff, K.; von Hirschhausen, C. - Faculty of Economics, University of Cambridge - 2005
liberalisation. The paper is motivated by the increasingly tense debate in continental Europe, UK and the US on the security of long …
Persistent link: https://www.econbiz.de/10005647495
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The Restructuring and Privatisation of British Rail: Was it really that bad?
Pollitt, M.; Smith, A.S.J. - Faculty of Economics, University of Cambridge - 2001
Following the government’s decision to place Railtrack into administration (October 2001), attention has focused on what went wrong with privatisation, and how crucial network investment will be financed in future. This paper uses a social cost-benefit analysis framework to assess whether the...
Persistent link: https://www.econbiz.de/10005113871
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Electricity Market Reform in the European Union: Review of progress towards liberalisation and integration
Jamasb, T.; Pollitt, M. - Faculty of Economics, University of Cambridge - 2004
The energy market liberalisation process in Europe is increasingly focused on electricity market integration and … related cross border issues. This signals that the liberalisation of national electricity markets is now closer to the long …
Persistent link: https://www.econbiz.de/10005647417
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Incentive Regulation of Electricity Distribution Networks: Lessons of Experience from Britain
Jamasb, T.; Pollitt, M. - Faculty of Economics, University of Cambridge - 2007
This paper reviews the recent experience of the UK electricity distribution sector under incentive regulation. The UK has a significant and transparent history in implementing incentive regulation in the period since 1990. We demonstrate the successes of this period in reducing costs, prices and...
Persistent link: https://www.econbiz.de/10005647450
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Electricity Liberalisation in Britain: the quest for a satisfactory wholesale market design
Newbery, D. - Faculty of Economics, University of Cambridge - 2004
Britain was the exemplar of electricity market reform, demonstrating the importance of ownership unbundling and workable competition in generation and supply. Privatisation created de facto duopolies that supported increasing price-cost margins and induced excessive (English) entry....
Persistent link: https://www.econbiz.de/10005650540