Europe’s wholesale electricity markets: future regulatory perspectives and challenges

Professor Catherine Waddams is a Research Fellow at CERRE and a faculty member of the Centre for Competition Policy and Professor at the Norwich Business School of the University of East Anglia.

She is also a board member of OFWAT, the water regulator in England and Wales. Her research interests are in Industrial Organisation. Professor Waddams has published widely on privatisation, regulation and competition in energy markets.

She holds a PhD in Economics from the University of Nottingham.

Professor Ignacio J. Pérez-Arriaga holds a PhD and Master’s Degree in Electrical Engineering from MIT, and a Bachelor in Electrical Engineer from the Universidad Pontificia Comillas in Madrid, Spain. He is Professor of Electrical Engineering at Comillas University, and founded its Institute for Research in Technology, which he headed for 11 years. He has also been Vice Rector for Research at Comillas, and currently holds the BP Chair on Sustainable Development. Dr Pérez-Arriaga served for 5 years as Commissioner at the Spanish Electricity Regulatory Commission, and since November 2007 he has been an Independent Member of the Single Electricity Market Committee of Ireland. He is also a member of the Board of Appeal of the Agency for the Coordination of Energy Regulators (ACER). He has worked in power system dynamic analysis, monitoring and diagnosis of power system devices and systems, intelligent computer design of industrial systems, planning and operation of electric generation and networks, regulation and restructuring of the power industry, and sustainability of national and global energy models. He has been a consultant for governmental agencies and electric utilities in more than 30 countries. He is a permanent visiting professor at MIT since 2008, at the Center for Energy and Environmental Policy Research (CEEPR), where he teaches a graduate course on power system regulation, engineering and economics.

Professor Richard Green is the Alan and Sabine Howard Professor of Sustainable Energy Business at Imperial College Business School. He started his career in the Department of Applied Economics at the University of Cambridge, and has held chairs at the University of Hull and the University of Birmingham. As economist, his work concerns competition and regulation in the electricity industry; particularly in the wholesale markets where generators sell power to retailers. Much of his recent work concerns the implications of a large increase in the proportion of electricity coming from renewable generators. He has been a specialist advisor to select committees from both Houses of Parliament, and held visiting positions at the World Bank, the University of California Energy Institute and the Massachusetts Institute of Technology.