Revolution and Regulation in the U.K. Electricity System: Model or Warning?
Michael Grubb, professor of energy and climate change at University College London, will present a lecture titled "Revolution and Regulation in the U.K. Electricity System: Model or Warning?" at noon on Friday, December 1, in Environment Hall room 2102.
The U.K. was widely seen as one of the world's leaders on electricity deregulation in the early 1990s. Though the model of liberalisation went through significant changes, many international observers were surprised when in 2010 the new U.K. government embarked on a fundamental reform, giving the state a far more prominent role. To many, it has seemed like abandoning the principles of market competition that had defined the U.K. approach.
Grubb will discuss the UK's Electricity Market Reform legislation and how, some three years on, the U.K. has seen a collapse in coal generation and dramatic reductions in the cost of renewable energy.
This talk is part of the Nicholas Institute for Environmental Policy Solutions and the University Program in Environmental Policy seminar series featuring leading experts discussing a variety of pressing environmentally focused topics.