OIES Podcast – Economics of Electricity Grid Interconnections: A Heterogeneous Markets’ Design Context
Podcasts - Oxford Institute for Energy Studies
Release Date: 04/16/2025
Podcasts - Oxford Institute for Energy Studies
In this latest OIES podcast, from the Gas Programme, James Henderson talks to Jack Sharples and Anouk Honore about the latest Gas Quarterly and their thoughts on the current state of the global gas market. Jack opens the podcast with a review of the current market looking at price movements over the past three months and assessing the key geopolitical and commercial factors which caused an initial decline and then as spike towards the end of June. Anouk picks up the story with a review of Europe gas demand, which has continued many of the trends seen in the winter of 2024/25, highlighting the...
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In this podcast Anders Hove talks to Milo McBride and Ray Cai about EV and battery supply chains in the US in the wake of the passage of the new budget bill, and what these changes mean for US competition with China in this space. Milo McBride is a Fellow at the Carnegie Endowment for International Peace, and Ray Cai is Associate Fellow with the Energy Security and Climate Change Program, Center for Strategic and International Studies. McBride’s focus is on battery metals, and he notes that while there are still US subsidies available for cooperation with Canada and other allies on mining of...
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In this latest podcast, from the Gas Programme, Jonathan Stern talks to Katja Yafimava, Agnieszka Ason and Mike Fulwood on their latest paper on the EU ban on Russian gas. In May 2025, the European Commission published a Roadmap outlining various measures aimed at phasing out all Russian pipeline gas and LNG imports into the EU which was followed by a legislative Proposal in June. It stipulates firm prohibitions on importing Russian gas and providing long-term LNG terminal services to Russian customers to apply from 1 January 2026, with transitional allowances for existing contracts up to...
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In this latest OIES podcast from the Electricity Programme, Dimitra Apostolopoulou talks to the Director of Research at the Electricity Programme and Senior Research Fellow Rahmat Poudineh about his latest paper titled “From Scarcity to Scale: The New Economics of Energy”. In this podcast, we begin by explaining how our energy system is shifting from an operating-expense model tied to fuel burn to a capital-expense model dominated by upfront hardware. Once a solar or wind asset is installed, each additional kilowatt-hour costs almost nothing, changing the economics of the energy sector....
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In this latest OIES podcast, from the Gas Programme, James Henderson talks to Graeme Bethune about his latest paper on the Australian gas market and the policy failures that have led to concerns over whether there is sufficient supply for domestic customers, especially on the East Coast. After a brief introduction on the structure of the market, Graeme outlines the key state and federal policies which have led to mismatches of supply and demand in NSW and Victoria, where the regulatory burden has meant that upstream investment has been significantly delayed. Queensland has provided a source of...
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In this latest OIES podcast, brought to you by the Gas Programme, James Henderson talks to Patrick Heather about the latest in his decade long series of reports on the European traded gas hubs. After reviewing the key metrics that he uses in his analysis Patrick looks at the liquidity of the key gas hubs in Europe and highlights the dominant position which TTF has now established, as it essentially dwarfs the rest of Europe in terms of volumes traded. This does not make the rest of the hubs irrelevant, he points out but does mean that they are highly correlated with price movements on the TTF,...
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In this latest OIES podcast from the Electricity Programme, Dimitra Apostolopoulou engages in a discussion with Charlie Wilson, Professor of Energy and Climate Change at the Environmental Change Institute, University of Oxford, and Dr. Yee Van Fan, Senior Research Associate at the same institute about their latest paper titled “AI’s Indirect Impacts On Climate Outweigh Concerns Over Its Direct Energy Footprint” which was part of the recent Oxford Energy Forum on Artificial Intelligence (AI) and Its Implications For Electricity Systems. Charlie opens the discussion by presenting a...
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In this podcast, Hasan Muslemani speaks to Paulo Carvalho about key takeaways from their forthcoming OIES research paper on green steel standards and definitions. The podcast provides an overview of different terminology and examples used to describe low-carbon emission steel in the market today and evaluates reasons why complexity and divergence exist between different standards and regions. The authors also discuss results of interviews held with key industry experts including steel buyers over perception and demand for the green product, before concluding with recommendations for industry...
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In this latest podcast Michal Meidan talks to Anders Hove about some of the latest developments in China’s power sector. They discuss impressions from Anders’ recent trip to Beijing, insights on electricity demand and the latest (rather confusing) moves in power sector reforms. Michal and Anders also talk about the outlook for renewable deployment in China as well as the implications of electrification on oil demand.
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In this latest OIES podcast from the Electricity Programme, Dimitra Apostolopoulou talks to Senior Research Fellow David Robinson and Independent Researcher Plutarco Naranjo about the Oxford Energy Forum (OEF) issue titled “Artificial Intelligence (AI) and Its Implications for Electricity Systems”. In this podcast, we provide an overview the OEF and discuss David’s and Plutarco’s paper titled: “The AI arms race and electricity needs”. The conversation begins with a summary of what AI is and how Large Language Models (LLMs) contribute to an increase in data centre energy needs with...
info_outlineIn this latest OIES podcast from the Electricity Programme, Dimitra Apostolopoulou talks to Doctoral Fellow Anas Damoun about his latest paper co-authored with Rahmat Poudineh titled “Economics of Electricity Grid Interconnections: A Heterogeneous Markets’ Design Context”. In this podcast, we discuss the critical role of interconnections in the energy transition as well as analyse the numerous benefits, e.g., technical, commercial and economic, they entail. We differentiate between homogeneous and heterogeneous interconnections since they connect countries with different market structures. We provide insights into the magnitude of interconnection benefits that depend on their efficient utilisation, which is harder to achieve in the heterogeneous case. Next, Anas discusses ways of improving the utilisation of heterogeneous interconnections with the use, among others, of long-term cross-border contracts and distancing cross-border scheduling from real-time dispatch. Last, we discuss the overall challenges that interconnections face and ways to overcome them.