Depiction of Reports

Reports

Electricity market design reform: retail markets

On 14 March 2023, the European Commission published its proposals for reform of the electricity market design. This followed a period of prolonged high electricity and gas prices, during which several stakeholders highlighted the challenges of the current market design, advocating for changes to the current arrangements. More recently, the… Read More

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Electricity market design reform—schemes for low-carbon generation

As part of its proposals for reform of the electricity market design, the Commission has proposed that any low-carbon generation that requires financial support from governments should be supported by two-way Contracts for Difference (CfDs) or other mechanisms that provide, in addition to a revenue guarantee, an upper limit on… Read More

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The (unmet) potential of Open Banking

Open Banking in the UK has been a qualified success to date. It is used by 7m consumers and businesses and 68m Open Banking payments were made in 2022. However, this success must be kept in perspective. These users only account for around 10% of the UK’s adult population and… Read More

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AI at work: benefits for the labour market

Finding a new job is hard; so is finding the right employee to fill a vacancy. This can limit how much firms and employees are able to grow, both commercially and professionally. There are many causes, ranging from the fact that the job-finding process can be highly individualised to the… Read More

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An analysis of the EU governance framework for corporate reporting

The European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) has recognised the importance of companies reporting accurate information for the efficient operation of financial markets in its recent consultation on the quality of corporate reporting. In particular, in its Call for Evidence on the… Read More

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The economic cost of ill health among the working-age population

Ill health among working-age people presents a substantial and rising cost to the UK economy, individuals and taxpayers. Addressing this challenge is not only socially desirable but an economic imperative. Oxera was asked by The Times to estimate the costs of ill health among the UK working-age population, to support… Read More

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The European gas market

Energy prices in Europe started rising in autumn 2021. Energy demand had increased as the COVID-19 pandemic receded, which coincided with a tight liquified natural gas (LNG) market and relatively low gas storage volumes going into winter 2021/22. In early 2022, Russian aggression towards Ukraine and the corresponding reduction in… Read More

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