Electricity Market Reform

We have performed a key role in providing analysis for the Department for Energy and Climate Change (DECC) in support of the Electricity Market Reform consultation launched today. The study examined key policy options that could fundamentally re-shape the future of the power market in Great Britain. DECC commissioned Redpoint to explore the potential effect of various approaches to energy market reform in reaching decarbonisation targets, assessing the consequences for investment in the generation sector, security of supply, and costs to consumers.

We are now working with market participants to help evaluate EMR and the implications for prices, asset values and investment strategies. 
Please click here for details

Our report for DECC can be downloaded here

Gas Future Scenarios

Gas has a vital role in the UK‟s future energy mix, says Energy Minister Charles Hendry. Speaking at the launch of a major new study into gas in the future, the minister said the UK must move towards a low-carbon energy system over the next few decades, in order to meet our ambitious and legally-binding 2050 greenhouse gas reduction target. The independent analysis, called „Gas Future Scenarios‟ was commissioned from Redpoint Energy by the Energy Networks Association (ENA), the voice of the UK‟s gas and electricity infrastructure companies.  ENA chief executive David Smith says, “Meeting the UK‟s energy and climate change targets is a huge challenge and the government is reviewing the future of energy and new technologies. We have a major role in these discussions and commissioned this first ever in-depth, independent analysis into the future role of gas in a low carbon economy, by respected energy consultants Redpoint.
Download report here

Decarbonisation of electricity - playing the long game

The UK was the first country to have a long-term, legally binding framework for tackling climate change. The 2008 UK Climate Change Act compels the country to reduce its greenhouse gas emissions by 34% relative to 1990 levels by 2020.  This article by Phil Grant explores the possible pathway towards decarbonisation of the power sector and discusses the challenges to overcome.
Download the article here

The changing face of transmission access: delivering the power to meet 2020 targets

In order to meet aggressive environmental targets and ensure security of supply, vast amounts of new power generation needs to be brought on to the grid by 2020, much of it from renewable sources. With a radical overhaul required to the nation’s transmission access arrangements, why did the government opt to choose the ‘connect and manage’ socialised access regime? Adrian Palmer and Duncan Mills, who were involved in modelling work for the government, explain in this article.
Download article here

Duncan Sinclair spoke about energy policy and demand side participation at the Smart Utility Forum 2010. He discussed the increasing need for demand-side flexibility to help decarbonise the UK’s power sector and meet the Government’s 2020 targets for reducing carbon emissions. During his talk, Duncan underlined smart metering’s position as a key enabler of the government’s decarbonisation agenda. In addition, he suggested a number of additional policy and regulatory initiatives that should be explored to encourage more effective demand-side participation.
Download file here

We advised the Department for Energy and Climate Change (DECC) on its response to the clean coal consultation, with a specific focus on the future of carbon capture and storage (CCS). We explored the options for CCS outlined in DECC’s consultation document with regard to financial incentive schemes, retrofit requirements and contingency plans. Our analysis also covered modelling of generation plant economics, including the impact of market and policy risks, and an in-depth assessment of the impact on the wider electricity market of up to four demonstration plants.
Download main report here
Download Technical Annex report here

We have contributed to the first annual progress report to Government by the Committee on Climate Change (CCC) with a key study on the investment pathways leading towards the decarbonisation of the power sector. The CCC commissioned us to undertake a detailed analysis of the UK’s changing generation mix, and to examine the investment pathways to 2030 that will lead towards the decarbonisation of the power sector. Our report draws on the detailed modelling and analysis to assess the implications for market arrangements.
Download file here

The BWEA (British Wind Energy Association) published a Redpoint report at its Wave and Tidal conference in Bath.  The report describes five potential benefits of a more diverse energy mix in the UK. It concludes that marine technology can ‘increase the cost effectiveness of variable renewables in the overall generation mix’.
Download file here

Oliver Rix presented a talk entitled “Domestic Customer Portfolio Risk Management” at the “Mathematics in the Management of Energy Systems” workshop arranged by the Maxwell Institute for Mathematical Sciences in January 2008.
Download the presentation file

Duncan Sinclair presented a talk on “Investing in generation under uncertain conditions: can the market ensure security of supply?” at Sparks and Flames in December 2007.
Download the presentation file

Redpoint carried out a study to support the UK Government’s 2007 Energy White Paper entitled “Dynamics of GB Electricity Generation Investment: Prices, Security of Supply, CO2 Emissions and Policy Options”.
Download the summary report PDF file
Download the full report PDF file

We discussed the state of the Polish electricity market at the Platts conference on Power in Central and Eastern Europe, in February 2006.
Download the presentation file

We presented a talk on the valuation of storage assets, developed with our partners The Lacima Group, at the IIR European Gas Transport, Storage and LNG conference in London in September 2005.
Download the presentation file