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Energy Transition Research at OIES focuses on the trends shaping energy systems, transformations in behaviours and business models, and the implications of shifting from the existing hydrocarbon-dominated energy economy to a system in which renewables, low-carbon energy sources and abated use of hydrocarbons will play a much greater role.
The Gas Programme, launched in 2003, has become one of the foremost sources of independent academic research on gaseous fuels and their role in the energy economy. The programme has historically focused on natural gas, and while this remains a core strength it is increasingly also turning its attention to...
The Electricity Research Programme focuses on fundamental issues including re-design of electricity markets to integrate zero marginal cost renewables, regulation of electricity networks to accommodate variable supply/demand and incentivizing efficient investment and identifying conditions for efficient growth of distributed energy resources (DERs), activating demand side flexibility and consumer participation in...
The Oil Research Programme, established in 2009, has cemented its reputation as a leading source of academic research on oil market issues. The Programme’s research group continues to produce high-quality empirical oil market research of international significance based on its core understanding of oil market dynamics and price cycles, the...
Launched in 2019 the OIES China Energy Research Programme, is a center of analytical excellence offering insights into the factors that inform China’s energy policies and choices and their pivotal role in global energy markets. China is the world’s second largest economy, biggest importer of crude oil, the fastest growing...
One objective of retail electricity markets is to enable end-use consumers to incorporate their reliability preferences into their purchasing decisions. This paper investigates if and how this can be done in electricity markets with a capacity requirement. It integrates the standard loss of load and cost minimization approach from the economic literature with probabilistic resource adequacy informed by the engineering...
The European Union’s (EU) wholesale electricity market design has been the subject of debate. In particular, questions have arisen about the current market design and the need to adapt it to the goals of the clean energy transition. The EU’s Agency for the Cooperation of Energy Regulators (ACER) focusses on long-term markets and improved hedging instruments as a way to...
This new Energy Comment from our Energy Quantamentals series sheds some light on the complex relationship between oil and key macro-economic factors, including inflation, interest rate and the U.S. dollar. This is particularly important in the current environment when market participants are trying to position themselves either for interest rate cuts or, alternatively, for interest rates staying elevated for much...
Energy storage, encompassing not only the storage of electricity but also the storage of energy in various forms such as heat and chemicals, is a linchpin in the movement toward a decarbonized energy sector, due to its myriad roles in fortifying grid reliability, facilitating the integration of renewables, and advocating for energy efficiency and equity. Furthermore, energy storage facilitates the...
In this latest OIES podcast, brought to you by the Gas Programme, James Henderson talks to Mike Fulwood about the results of the latest IGU gas price survey. Mike has been conducting the survey, which looks at the formation methodologies and levels of wholesale gas prices, since 2005, with more than 100 countries now included. During the podcast they discuss...
The new issue of OIES Oil Monthly, including our latest short-term oil market outlook to 2025, is now available. – We have reduced our Brent forecast $1/b to $84.5/b in 2024 and $2/b to $79/b in 2025, from $85.4/b and $81.0/b forecast last month. We have revised lower our Q2 price forecast by $2.4/b to $87.6/b, from $90.1/b previously, mainly...
In this first edition of the Gas Quarterly for 2024 we review the developments during winter 2023/24 on the European gas market and global LNG market and draw conclusions about the outlook for prices and the supply-demand balance in summer 2024. In pricing terms, the winter of 2023/24 was notable insofar as the price peak arrived in October, driven by...
In June 2024 OIES will hold it's 3rd Energy Transition Event over 2 days.
The event will cover the following issues:
3 June
• Green Industrial Policy and the Geopolitics of the Transition.
• What is next for Battery Supply Chains?
• Inflation, Macroeconomics and Financing Renewables.
• Carbon Offsetting, Removals and Net Zero Targets.
4 June
• Navigating Challenges and Seizing Opportunities in Offshore Wind.
• Grids and Clean Energy Transitions.
• Energy Storage’s Crucial Role in a Sustainable Future.
China is the world’s leading emitter of heat-trapping gases by a wide margin. Its policies for limiting emissions will have a significant impact on the global climate for decades to come.
This Guide to Chinese Climate Policy provides information on China’s emissions, the impacts of climate change in China, the history of China’s climate change policies and China’s response to climate change today.
Energy Transition Research Initiative 
Gas Research Programme 
Electricity Research Programme 
Oil Research Programme 
China Energy Research Programme