Hancock's blog

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

Maybe it's politics that will always win out

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 reflected on how the New Electricity Trading Arrangements have performed: the industry's response and the pricing outcomes they've delivered. This week he takes us through what happened next, climate change and the recent return to central planning in the UK "market".

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

... unless economics will always win out

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 talking 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, we looked at the UK's move away from a spot market to a "trading paradigm" for electricity. This week, Graham reflects on how these New Electricity Trading Arrangements have performed: the industry's response and the pricing outcomes they've delivered.

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

Why the UK abandoned its Pool (while we kept ours)

I'm talking 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.

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.

Last week, Graham talked about the UK Government's response to the Labour Party's proposed price freezes and how they're aiming to keep prices down without scaring off investors. This week we look at why the Poms keep on changing the way they want to run their electricity industry – starting with abandoning its original spot market design.

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

The deal the UK Government is offering against price freezes

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 unpacked the proposals that the UK Labour Party have made to freeze retail electricity prices, the fanfare it's received and some of the issues it raises. This week he talks about the UK Government's response and how they're aiming to keep prices down without scaring off investors.

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

Frozen prices, anyone?

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.

In the first of this series with Graham you would have been able to hear him explaining the background to the current situation in the UK. It's a bit different from ours – they're grappling with subsidised renewables and increasing prices. This week, he unpacks the proposals that the UK Labour Party have made to freeze retail electricity prices: the fanfare it's received and some of the issues it raises.

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

Is the market really broken? Would central control really do better?

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 talking 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.

In this first episode, Graham explains the background to the current situation in the UK. It's a bit different from ours – they're grappling with subsidised renewables and increasing prices.

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