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

 

415City and Guilds BuildingSouth Kensington Campus

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Summary

 

Overview

I have been researching the economics and regulation of the electricity industry since shortly before it was restructured and privatised.  During the 1990s, much of my work was on the problem of market power in the electricity wholesale market.  At the end of that decade, the electricity trading arrangements in England and Wales were reformed, and I worked on the consequences of those changes.  Most of my current and recent research concentrates on the impact of moving the UK to a low-carbon electricity system by 2030.  The presence of a large amount of intermittent wind generation will have effects on the operating patterns of the other power stations on the system, and will change the desirable capacity mix.  Different policies for pricing carbon, supporting high-cost generators and charging for electricity transmission will all affect the incentives for investment.  I have been investigating these issues as a member of the Supergen FlexNet Consortium (now ended).  I was a member of the Top and Tail consortium, looking at the challenges of a largely-decarbonised power system with potentially large flows across Europe in 2050, for which Iain Staffell and I produced the DESSTinEE model of the Demand for Energy Services, electricity Supply and Transmission in EuropE. Iain and Stefan Pfenninger also produced the Renewables.Ninja website for open source simulations of wind and solar output.

In the Energy Storage for Low Carbon Grids consortium and the Business, Economics, Planning and Policy for Energy Storage in Low-Carbon Futures project, we asked how storage can assist in managing the system.

The MESMERISE-CCS project was a multi-disciplinary investigation of the role of carbon capture and storage in the electricity market of the future, and how this will depend on, and affect, technical and geological constraints.

Maximising the Carbon Impact of Wind Power, a project under the Supergen Wind Consortium, investigated the potential of wind power to reduce carbon emissions in the short and the long term, and the factors that could improve this.

I am a member of the Active Building Centre Research Programme, studying business models for changing heating and other building energy demands in response to the needs of the electricity system.

The Integrated Development of Low-Carbon Energy Systems (IDLES) team are modelling the future of the energy system.  My role is to consider market design and investment incentives.


Research Student Supervision

Avgayan,V, Optimisation of Investment Decision Making for an Energy Portfolio with a Large Amount of Offshore Wind

Castagneto-Gissey,G, Forecasting Wholesale Electricity Spot Prices: The Performance of Parsimonious Stochastic Models & Artificial Neural Networks

Gambhir,A, The future economic prospects of low-carbon energy technologies

Vlachodimitropoulos,M, Priority Dispatch for Intermittent Renewable Generators: how much does it cost and can this be reduced?

Webb,R, Change drivers in infrastructure industries: the case of business model innovation for electricity storage.