Abstract
The falls in oil, gas and coal prices have confounded the peak oil advocates and the predictions of both ever higher prices and price volatility on which much of current energy policy is based.
Wholesale electricity prices are not going up as DECC predicted. They have been going down.
The existing renewables will now need permanent subsidies and nuclear has been adversely affected.
Carbon and energy policies will need to be recast. Disruptive new technologies are further undermining the “winners” politicians have been picking.
The lecture will set out the new key features of the new energy landscape, and the implications for energy policy in the UK and Europe, and the implications for the structure and competitiveness of the energy companies.
It will include recommendations for the reform of EMR, the UK Government's Energy Market policy and the key components of the EU’s Energy Union.
