The transition to a low-carbon/net-zero energy system will require the transformation of existing energy infrastructures and the development of new ones. Major investment will be required that will take many years to be delivered. However, the energy transition pathway remains uncertain and, for much of the infrastructure, the related institutional arrangements are still under debate.
Research in this theme will focus on the challenges associated with energy infrastructure transitions, including commercial structure, regulations, policies and public attitudes.
Increasingly, low-carbon hydrogen is being positioned as fundamental to the UK’s net zero...
In a new paper in Risk Analysis, Emily Cox argues that the public controversy over fracking may...
A primary foundation of any programme to transform the UK energy system is to identify what we...
This preliminary paper draws from ongoing research on the topic of the future of electricity markets. It explores how future power system uncertainty affects investment risk and how market design may mitigate or exacerbate this, affecting the cost of capital.
In this submission we focus on the allocation of wholesale market price risk, and how that affects both cost of capital and the likely availability of capital in the power market in Great Britain.
The focus of this submission is on the risks of disruption to electricity supplies, or power outages, where UKERC research provides insights.