Imperial College London

ProfessorRichardGreen

Business School

Professor of Sustainable Energy Business
 
 
 
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Contact

 

+44 (0)20 7594 2611r.green Website CV

 
 
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Location

 

288Business School BuildingSouth Kensington Campus

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Summary

 

Publications

Publication Type
Year
to

83 results found

Green RJ, The Future of Electricity: A Market with Marginal Costs of Zero?, International Association for Energy Economics 15th European Conference

CONFERENCE PAPER

Green RJ, Pudjianto D, Staffell I, Strbac Get al., Market Design for Long-Distance Trade in Renewable Electricity, Energy Journal, Vol: 37, ISSN: 0195-6574

While the 2009 EU Renewables Directive allows countries to purchase some of their obligation fromanother member state, no country has yet done so, preferring to invest locally even where load factors arevery low. If countries specialised in renewables most suited to their own endowments and expandedinternational trade, we estimate that system costs in 2030 could be reduced by 5%, or €15 billion a year,after allowing for the costs of extra transmission capacity, peaking generation and balancing operationsneeded to maintain electrical feasibility.Significant barriers must be overcome to unlock these savings. Countries that produce more renewablepower should be compensated for the extra cost through tradable certificates, while those that buy fromabroad will want to know that the power can be imported when needed. Financial Transmission Rightscould offer companies investing abroad confidence that the power can be delivered to their consumers.They would hedge short-term fluctuations in prices and operate much more flexibly than the existingsystem of physical point-to-point rights on interconnectors. Using FTRs to generate revenue fortransmission expansion could produce perverse incentives to under-invest and raise their prices, sorevenues from FTRs should instead be offset against payments under the existing ENTSO-Ecompensation scheme for transit flows. FTRs could also facilitate cross-border participation in capacitymarkets, which are likely to be needed to reduce risks for the extra peaking plants required.

JOURNAL ARTICLE

Green RJ, Staffell I, Storage in the electricity market, International Ruhr Energy Conference 2015

CONFERENCE PAPER

Green RJ, Strbac, Storage in the energy market, IEEE Power and Energy Society General Meeting 2015

CONFERENCE PAPER

Geske J, Green R, Chen Q, Wang Yet al., 2017, Smart Demand Side Management: Storing energy or storing consumption - it is not the same!, 14th International Conference on the European Energy Market (EEM), Publisher: IEEE, ISSN: 2165-4077

CONFERENCE PAPER

Green R, Staffell L, 2017, "Prosumage" and the British electricity market, ECONOMICS OF ENERGY & ENVIRONMENTAL POLICY, Vol: 6, Pages: 33-49, ISSN: 2160-5882

JOURNAL ARTICLE

Green RJ, 2017, Evidence, and Supplementary Evidence, submitted to the House of Lords Economic Affairs Committee inquiry on The Economics of UK Energy Policy

This contains two memoranda of evidence submitted to the committee, before and after I gave oral evidence in October 2016

OTHER

Green RJ, 2017, Electricity, Wind and Carbon, Supergen Wind General Assembly, April 2017

CONFERENCE PAPER

Green RJ, 2017, Renewables, storage and the new electricity landscape, 6th ELAEE Conference

CONFERENCE PAPER

Geske J, Green R, 2016, Optimal Storage Investment and Management under Uncertainty It is costly to avoid outages!, 8th IEEE International Power Electronics and Motion Control Conference (IPEMC-ECCE Asia), Publisher: IEEE, Pages: 524-529

CONFERENCE PAPER

Green R, Pudjianto D, Staffell I, Strbac Get al., 2016, Market Design for Long-Distance Trade in Renewable Electricity, ENERGY JOURNAL, Vol: 37, Pages: 5-22, ISSN: 0195-6574

JOURNAL ARTICLE

Green R, Staffell I, 2016, Electricity in Europe: exiting fossil fuels?, OXFORD REVIEW OF ECONOMIC POLICY, Vol: 32, Pages: 282-303, ISSN: 0266-903X

JOURNAL ARTICLE

Green RJ, 2016, Storage in the energy market, Energy Transitions 2016

CONFERENCE PAPER

Staffell I, Green R, 2016, Is There Still Merit in the Merit Order Stack? The Impact of Dynamic Constraints on Optimal Plant Mix, IEEE TRANSACTIONS ON POWER SYSTEMS, Vol: 31, Pages: 43-53, ISSN: 0885-8950

JOURNAL ARTICLE

Green RJ, 2015, Markets, Governments and Renewable Energy, Renewable Energy Finance Powering the Future, Editors: Donovan, Publisher: Imperial College Press, Pages: 105-129, ISBN: 9781783267767

But now clean energy is the safe bet for investors, as is argued in Renewable Energy Finance: Powering the Future, edited by Dr Charles Donovan, Principal Teaching Fellow at Imperial College Business School.With a foreword by Lord Brown and ...

BOOK CHAPTER

Green RJ, Staffell I, 2015, Evidence on Wind Farm Performance Decline in the UK, Evidence on Wind Farm Performance Decline in the UK

Onshore wind farms in the UK have aged at about the same rate as other kinds ofpower station. The average wind farm has an annual load factor of about 28% whenfirst commissioned, which declines by about 0.4 percentage points per year. After 15years, the load factor would have fallen to 23%. This ageing does not appear to havemade developers replace their farms early. Forty out of the first forty-five windfarms commissioned in the UK were still operating at this age; four had beenrepowered. Taking this deterioration into account raises the levelised cost ofelectricity by around 9% over a 24-year lifespan, discounting at 10 per cent a year.This is a summary of the peer-reviewed paper “How does wind farm performancedecline with age?” published in Renewable Energy, vol. 65, pp 775-786, which isavailable to download from http://tinyurl.com/wind-decline.

REPORT

Green RJ, staffell I, Hamilton IG, 2015, The residential energy sector, Domestic Microgeneration Renewable and Distributed Energy Technologies, Policies and Economics, Editors: Staffell, Brandon, Hawkes, Brett, Publisher: Routledge, Pages: 18-48, ISBN: 9781317448853

1 Overview Whilst the primary use of microgeneration is to service the energy demands of a building or a community, microgeneration technologies could also play a role in wider energy networks such as communal heating schemes or (more ...

BOOK CHAPTER

Green R, 2014, Regulation of the Power Sector, ECONOMICS OF ENERGY & ENVIRONMENTAL POLICY, Vol: 3, Pages: 169-171, ISSN: 2160-5882

JOURNAL ARTICLE

Green R, Staffell I, Vasilakos N, 2014, Divide and Conquer? k-Means Clustering of Demand Data Allows Rapid and Accurate Simulations of the British Electricity System, IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, Vol: 61, Pages: 251-260, ISSN: 0018-9391

JOURNAL ARTICLE

Green RJ, Mulugetta Y, Zhang ZX, 2014, Sustainable Energy Policy, Handbook of Sustainable Development, 2nd Edition, Editors: Atkinson, Dietz, Neumayer, Agarwala, Cheltenham, Publisher: Edward Elgar, Pages: 532-550, ISBN: 978-1-78254-469-2

BOOK CHAPTER

Green RJ, Staffell I, 2014, The Impact of Government Interventions on Investment in the GB Electricity Market, Brussels, Publisher: European Commission

Report to DG Competition of the European Commission in the State Aid case concerning the Hinkley Point C nuclear power station

REPORT

Staffell I, Green R, 2014, How does wind farm performance decline with age?, RENEWABLE ENERGY, Vol: 66, Pages: 775-786, ISSN: 0960-1481

JOURNAL ARTICLE

Strbac G, Pollitt M, Konstantinidis CV, Konstantelos I, Moreno R, Newbery D, Green Ret al., 2014, Electricity transmission arrangements in Great Britain: Time for change?, ENERGY POLICY, Vol: 73, Pages: 298-311, ISSN: 0301-4215

JOURNAL ARTICLE

Green RJ, 2013, The Future Role of Energy in Manufacturing, London, Publisher: Government Office for Science

This report considers the present and future role of energy in manufacturing, in the context of the need to deliver a low-carbon economy. That need presents two threats to UK-based manufacturers, and two opportunities. The first threat is that the price of energy in the UK will rise, compared to the cost faced by competitor firms abroad, placing UK manufacturers at a significant disadvantage. The second threat is that a low-carbon electricity supply will be unreliable, and that the cost of power cuts will rise. The first opportunity is related to this threat – manufacturing sites that can reduce their electricity imports at times when the power system is under stress are already paid for doing so. The need for such demand-side management, the options for providing it, and the price paid are all likely to increase over time. The second opportunity is that new low-carbon products will be needed – not least in the transport sector – and UK-based firms may be able to break into these new markets.

REPORT

Staffell I, Green R, 2013, The cost of domestic fuel cell micro-CHP systems, INTERNATIONAL JOURNAL OF HYDROGEN ENERGY, Vol: 38, Pages: 1088-1102, ISSN: 0360-3199

JOURNAL ARTICLE

Green R, 2012, The Future of Electricity Demand: Customers, Citizens and Loads, ENERGY JOURNAL, Vol: 33, Pages: 219-222, ISSN: 0195-6574

JOURNAL ARTICLE

Green R, Vasilakos N, 2012, Storing Wind for a Rainy Day: What Kind of Electricity Does Denmark Export?, ENERGY JOURNAL, Vol: 33, Pages: 1-22, ISSN: 0195-6574

JOURNAL ARTICLE

Green R, Yatchew A, 2012, Support Schemes for Renewable Energy: An Economic Analysis, ECONOMICS OF ENERGY & ENVIRONMENTAL POLICY, Vol: 1, Pages: 83-98, ISSN: 2160-5882

JOURNAL ARTICLE

Green RJ, 2012, How Denmark Manages its Wind Power, IAEE Energy Forum, Vol: 21, Pages: 9-11

JOURNAL ARTICLE

Green RJ, 2012, Welfare Analysis of Offshore Wind by Julian Silk: A Comment, IAEE Energy Forum, Vol: 21, Pages: 27-29

JOURNAL ARTICLE

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