Graham Shuttleworth - Forget engineering - let the traders rule

02/27/14 • 7 min

... 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

... unless economics will always win out

This podcast was recorded in 2014

Previous Episode

Graham Shuttleworth - Sea changes in electricity sector policy

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.

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.

This podcast was recorded in 2014

Next Episode

Graham Shuttleworth - Forget markets - just plan centrally

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”.

This podcast was recorded in 2014