On May12ed, 2015, Prof. Michael Pollitt(Business Economics at the Judge Business School, University of Cambridge，UK) gave talks about “Progress with the UK’s Electricity Market Reform”.

　　The report was hosted by Prof. Wei, some other teachers and students attended the seminar and had an in-depth discussion of UK’s Electricity Market Reform, which involves the introduction of four new elements into the operation of the electricity market. These are a system of contracts for differences for low carbon electricity generation; a carbon price floor on fossil fuels used in electricity generation; a capacity market to handle intermittency of renewables; and an emissions performance standard which prevents the building of new coal fired power plants without carbon capture and storage. His lecture gave the background to these reforms; discuss their substance and evaluate their likely impact. It discussed the extent to which these interventions offer lessons for other countries facing the challenge of decarbonisation of electricity supply.

　　After the seminar Prof.Michael Pollitt took photos with students and teachers in CEEP.