【Speaker】：　Michael Pollitt （ Professor of Business Economics at the Judge Business School, University of Cambridge，UK）

【Title】：Progress with the UK’s Electricity Market Reform

【Time】：3：30pm- 5：30pm, May.12th, 2015

【Location】：CEEP-BIT, 6th, Floor

【About Report】：

　　The UK has recently enacted a comprehensive reform of its electricity supply system aimed at the near complete decarbonisation of the system by 2030, known as Electricity Market Reform (EMR). This reform involves the introduction of four new elements into the operation of the electricity market. These are a system of contracts for differences for low carbon electricity generation; a carbon price floor on fossil fuels used in electricity generation; a capacity market to handle intermittency of renewables; and an emissions performance standard which prevents the building of new coal fired power plants without carbon capture and storage. My lecture give the background to these reforms; discuss their substance and evaluate their likely impact. It will discuss the extent to which these interventions offer lessons for other countries facing the challenge of decarbonisation of electricity supply.

【About Speaker】:
　　Michael Pollitt is Professor of Business Economics at the Judge Business School, University of Cambridge. He is an Assistant Director of the university’s Energy Policy Research Group (EPRG) and a Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge. He is co-editor of Economics of Energy and Environmental Policy and a member of the editorial board of the Review of Industrial Organization and Competition and Regulation in Network Industries.
Michael has published 9 books and over 60 refereed journal articles on efficiency analysis, energy policy and business ethics. Michael was external economic advisor to the Great Britain energy regulator, Ofgem, between 2007 and 2011 and is currently on the Office of Rail Regulation's expert advisory panel and an advisor to EdF Energy. He has advised national energy regulators across Europe, the UK Competition Commission, the UK Consumers’ Association, New Zealand Commerce Commission, as well as the World Bank and European Commission.