Professor Michael Pollitt, Cambridge Judge Business School
The UK is heavily integrated into global oil and gas markets with substantial imports of pipeline gas from Norway. In contrast to many other strategic sectors, the UK has relatively little dependence on the European Union for either its exports or imports, suggesting that even a ‘hard’ exit from the EU single market in energy will have little overall impact on energy trade and/or prices.
In this Business Briefing, Michael Pollitt, Professor of Economics at Cambridge Judge Business School, will provide an overview of the UK’s current role within the EU Single Market for Electricity and Gas. He will also discuss a number of issues that are important for the UK’s energy sector to consider in light of its decision to leave the EU, including rationalising the subsidy regime, reconsidering the smart meter rollout and promoting further integration with Ireland, Norway and North America.
Professor Pollitt will also consider the possibility that the UK will be freed up to lead the way globally on a new round of electricity market reforms, in a way that might not have been possible under continued membership of the EU.
Michael Pollitt is a Professor of Business Economics, and Director of the MPhil in Technology Policy Programme at Cambridge Judge Business School. He is also Director of Studies in Management and Economics and Fellow of Sidney Sussex College. His primary research interests lie in industrial economics, privatisation and regulation of utilities especially in electricity; the measurement of productive efficiency and the relationship between Christian ethics and best practice business behaviour.
Professor Pollitt is co-editor of Economics of Energy and Environmental Policy and a member of the editorial boards of the Review of Industrial Organization, Competition and Regulation in Network Industries and Utilities Policy. He is also a Research Associate of the Centre for Business Research (CBR) and a member of the Faculty of Economics.
Professor Pollitt has advised the UK Competition Commission, the New Zealand Commerce Commission, Ofgem, Ofwat, ESRC, the Norwegian Research Council, the DTI, the World Bank and the European Commission. He has also consulted for National Grid, AWG, EdF, Eneco, Nuon, Roche and TenneT. He is the Coach on the Cambridge MBA’s Energy & Environment concentration, and the University’s Energy Lead for Policy, Economics and Risk.
18:30-19:00 Arrival and registration 19:00-20:00 Business briefing 20:00-21:00 Networking reception
£20 per person (a limited number of half-price tickets are available for current CJBS students).
Cambridge Judge Business School would like to thank BNY Mellon for its sponsorship of the Business Briefings International Series for 2017. To find out more about what BNY Mellon do, visit their website.