Stephen Littlechild Festschrift

09:30-11:00

Session 1

Introduction
Bruce Mountain

The evolution of price control regulation in the UK
Andrew Walker

Role of consumers in regulation: from passive recipients to necessary actors
Catherine Waddams and Morton Hviid

The role of benchmarking in incentive regulation
Michael Pollitt

• Read the related working paper, The role of benchmarking in incentive regulation: lessons from electricity distribution (EPRG WP 2612)

10:50-12:00

Session 2

From RPI-X to agentic AI: the knowledge problem and the scaling of market coordination in electricity
Lynne Kiesling

The revenge of the market: the impact of grid defection on economic regulation during periods of significant cost escalation
Adam Bell

13:00-14:10

Session 3

An ‘analytical history’ of renewable support schemes in Britain
Richard Green and David Newbery

• Read the related working paper, Competition, contracts and auctions for renewable electricity support: competition for the market but not yet in the market (EPRG WP 2607)

Transmission investment and cost allocation in electricity markets
William Hogan

14:40-15:50

Session 4

Negotiated settlements in UK airports, water and energy: a discussion

Negotiated settlements in UK airports, water and energy: past, present and future?
Stephen Littlechild

Constructive engagement: the first attempt at UK airports
Harry Bush

Economic regulation in the UK aviation sector: constructive engagement and negotiated settlements
Andrew Walker

Negotiated settlements in the Scottish water industry: a brief summary
Alan Sutherland

Some observations on Ofgem’s use of consumer representation in price control processes
Gavin Knott

• Read the related working paper, Negotiated settlements and customer engagement in UK utility regulation: evidence from airports, water and energy (EPRG WP 2618)

AI as an individualised persona: a useful addition to the economist’s toolbox? The case of the ‘Stephen Littlechild AI agent’
Bruce Mountain and Shruti Kant

Closing remarks
Stephen Littlechild