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Irish and British Electricity Prices: What Recent History Implies for Future Prices

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  • Deane, Paul
  • FitzGerald, John
  • Malaguzzi Valeri, Laura
  • Tuohy, Aidan
  • Walsh, Darragh

Abstract

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Suggested Citation

  • Deane, Paul & FitzGerald, John & Malaguzzi Valeri, Laura & Tuohy, Aidan & Walsh, Darragh, 2014. "Irish and British Electricity Prices: What Recent History Implies for Future Prices," Papers RB2014/2/6, Economic and Social Research Institute (ESRI).
    • Handle: RePEc:esr:wpaper:rb2014/2/6
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    7. Di Cosmo, Valeria & Malaguzzi Valeri, Laura, 2014. "The incentive to invest in thermal plants in the presence of wind generation," Energy Economics, Elsevier, vol. 43(C), pages 306-315.
    8. Giulietti, Monica & Grossi, Luigi & Waterson, Michael, 2010. "Price transmission in the UK electricity market: Was NETA beneficial?," Energy Economics, Elsevier, vol. 32(5), pages 1165-1174, September.
    9. Lyons, Sean & FitzGerald, John & McCarthy, Niamh & Malaguzzi Valeri, Laura & Tol, Richard S. J., 2007. "Preserving Electricity Market Efficiency While Closing Ireland's Capacity Gap," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2007(3-Autumn), pages 62-82.
    10. Steggals, Will & Gross, Robert & Heptonstall, Philip, 2011. "Winds of change: How high wind penetrations will affect investment incentives in the GB electricity sector," Energy Policy, Elsevier, vol. 39(3), pages 1389-1396, March.
    11. Andrew Sweeting, 2007. "Market Power In The England And Wales Wholesale Electricity Market 1995-2000," Economic Journal, Royal Economic Society, vol. 117(520), pages 654-685, April.
    12. Catherine D. Wolfram, 1999. "Measuring Duopoly Power in the British Electricity Spot Market," American Economic Review, American Economic Association, vol. 89(4), pages 805-826, September.
    13. Derek Bunn & Georg Zachmann, 2010. "Inefficient arbitrage in inter-regional electricity transmission," Journal of Regulatory Economics, Springer, vol. 37(3), pages 243-265, June.
    14. Dieter Helm, 2009. "Infrastructure investment, the cost of capital, and regulation: an assessment," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 25(3), pages 307-326, Autumn.
    15. Chris M. Wilson & Catherine Waddams Price, 2010. "Do consumers switch to the best supplier?," Oxford Economic Papers, Oxford University Press, vol. 62(4), pages 647-668, October.
    16. Devitt, Conor & Diffney, Seán & FitzGerald, John & Malaguzzi Valeri, Laura & Tuohy, Aidan, 2011. "Goldilocks and the Three Electricity Prices: Are Irish Prices "Just Right"?," Papers WP372, Economic and Social Research Institute (ESRI).
    17. Monica Giulietti & Catherine Waddams Price & Michael Waterson, 2005. "Consumer Choice and Competition Policy: a Study of UK Energy Markets," Economic Journal, Royal Economic Society, vol. 115(506), pages 949-968, October.
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    Cited by:

    1. Do, Hung Xuan & Nepal, Rabindra & Jamasb, Tooraj, 2020. "Electricity market integration, decarbonisation and security of supply: Dynamic volatility connectedness in the Irish and Great Britain markets," Energy Economics, Elsevier, vol. 92(C).
    2. Curtis, John & Lynch, Muireann Á. & Zubiate, Laura, 2016. "The impact of the North Atlantic Oscillation on electricity markets: A case study on Ireland," Energy Economics, Elsevier, vol. 58(C), pages 186-198.
    3. Trujillo-Baute, Elisa & del Río, Pablo & Mir-Artigues, Pere, 2018. "Analysing the impact of renewable energy regulation on retail electricity prices," Energy Policy, Elsevier, vol. 114(C), pages 153-164.
    4. Curtis, John & Devitt, Niamh & di Cosmo, Valeria & Farrell, Niall & FitzGerald, John & Hyland, Marie & Lynch, Muireann & Lyons, Sean & McCoy, Daire & Malaguzzi Valeri, Laura & Walsh, Darragh, 2014. "Irish Energy Policy: An Analysis of Current Issues," Research Series, Economic and Social Research Institute (ESRI), number rs37 edited by FitzGerald, John & Malaguzzi Valeri, Laura.
    5. Lynch & John Curtis, 2016. "The effects of wind generation capacity on electricity prices and generation costs: a Monte Carlo analysis," Applied Economics, Taylor & Francis Journals, vol. 48(2), pages 133-151, January.
    6. Damilola A. Asaleye & Michael Breen & Michael D. Murphy, 2017. "A Decision Support Tool for Building Integrated Renewable Energy Microgrids Connected to a Smart Grid," Energies, MDPI, vol. 10(11), pages 1-29, November.
    7. Di Cosmo, Valeria & Malaguzzi Valeri, Laura, 2018. "Wind, storage, interconnection and the cost of electricity generation," Energy Economics, Elsevier, vol. 69(C), pages 1-18.
    8. Cleary, Brendan & Duffy, Aidan & Bach, Bjarne & Vitina, Aisma & O’Connor, Alan & Conlon, Michael, 2016. "Estimating the electricity prices, generation costs and CO2 emissions of large scale wind energy exports from Ireland to Great Britain," Energy Policy, Elsevier, vol. 91(C), pages 38-48.
    9. Gaffney, F. & Deane, J.P. & Gallachóir, B.P.Ó, 2017. "A 100 year review of electricity policy in Ireland (1916–2015)," Energy Policy, Elsevier, vol. 105(C), pages 67-79.
    10. Di Cosmo, Valeria & Lynch, Muireann Á., 2016. "Competition and the single electricity market: Which lessons for Ireland?," Utilities Policy, Elsevier, vol. 41(C), pages 40-47.
    11. Walsh, Darragh & Malaguzzi Valeri, Laura, 2014. "Gaming in the Irish Single Electricity Market and Potential Effects on Wholesale Prices," Papers WP488, Economic and Social Research Institute (ESRI).
    12. Walsh, Darragh & Malaguzzi Valeri, Laura & Di Cosmo, Valeria, 2016. "Strategic bidding, wind ownership and regulation in a decentralised electricity market," MPRA Paper 71502, University Library of Munich, Germany.
    13. Curtis, John & Lynch, Muireann Á. & Zubiate, Laura, 2016. "Carbon dioxide (CO2) emissions from electricity: The influence of the North Atlantic Oscillation," Applied Energy, Elsevier, vol. 161(C), pages 487-496.
    14. Valeria Di Cosmo & Laura Malaguzzi Valeri, 2016. "Wind, storage, interconnection and the cost of electricity," Working Papers 2016/30, Institut d'Economia de Barcelona (IEB).

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