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Matthew Flinders strengthens UCL’s links with Australia

Published: Jul 23, 2014 6:27:03 AM

UCL 'running ruler' over local expansion

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Million pounds for UCL'’s Adelaide campus

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Research at UCL Australia

UCL School of Energy and Resources

Research in the School of Energy and Resources focuses on both the upstream and downstream development of energy and resources, covering a wide range of disciplines - from engineering and economics to environmental science and law. 

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Mullard Space Science Laboratory

The Mullard Space Science Laboratory (MSSL) is a world-leading research organisation delivering a broad science programme that is underpinned by a strong capability in space science instrumentation, space-domain engineering, space medicine, systems engineering and project management.

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International Energy Policy Institute

The International Energy Policy Institute (IEPI) was created to address key policy issues in the mineral, energy and resources industries through intensive and innovative research.

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Research at the IEPI

Professor Stefaan Simons

Professor Stefaan Simons

RESEARCH

International Energy Policy Institute

INTERNATIONAL ENERGY POLICY INSTITUTE

The International Energy Policy Institute (IEPI) was created to address key policy issues in the mineral, energy and resources industries through intensive and innovative research.

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Mullard Space Science Laboratory

MULLARD SPACE SCIENCE LABORATORY

The Mullard Space Science Laboratory (MSSL) is a world-leading research organisation delivering a broad science programme that is underpinned by a strong capability in space science instrumentation, space-domain engineering, space medicine, systems engineering and project management.

Read more...

UCL Australia at ATSE 2013: Liberalised Electricity Markets and Long-term Capacity Adequacy

25 July 2013

Today, Professor Anthony Owen, Emeritus Professor of Energy Economics at the International Energy Policy Institute, presented at the Australian Academy of Technological Sciences and Engineering Conference (ATSE 2013: Nuclear Energy for Australia?) on ‘Liberalised Electricity Markets and Long-term Capacity Adequacy’.

Overview of the presentation

Current government policy in the electricity sector is primarily focused on policies to support the development and deployment of non-nuclear low-carbon technologies in order to reduce their costs and thus reduce the long-term cost of decarbonising the sector. However, the design of the National Electricity Market (NEM) may make low-carbon investment, including nuclear, riskier than continued investment in fossil fuel technologies. Thus, even with a carbon price, investment in low-carbon technologies may be discouraged.

A key question for the Commonwealth Government  is whether to use targeted measures to reduce risk and ensure capital cost recovery for low-carbon investments, or whether to reform the NEM so that market-based policies can be incorporated into its structure. Failure to act may delay investment in a low-carbon technology future, thus raising the cost of de-carbonising the electricity sector.

The paper discusses the prospects for investment in high capital cost, low-carbon, technologies in liberalised electricity markets.

View the Liberalised Electricity Markets and Long-term Capacity Adequacy presentation.

Read the full paper on  Liberalised Electricity Markets and Long-term Capacity Adequacy

About the speaker

Prof. Owen is Emeritus Professor of Energy Economics at UCL Australia’s International Energy Policy Institute.