David Newbery

David Newbery serves as Professor of Applied Economics at the University of Cambridge's Faculty of Economics since 1988 and Research Director of the Electricity Policy Research Group (EPRG). His career spans prestigious appointments including Visiting Professorships at Stanford, Princeton, UC Berkeley, and Imperial College London, alongside significant policy roles at the World Bank and IMF.

His research focuses on electricity market design, climate policy economics, and transport pricing, addressing critical challenges in energy transition and regulatory frameworks. Key contributions include foundational work on supply function equilibria, market power assessment in liberalized utilities, and optimal climate policy instruments.

Analysis of his publications reveals consistent leadership in

• energy market restructuring (1990s-2000s)
• renewables integration economics (2000s-2010s)
• climate policy-market power interactions (2000s-present)

with methodological strengths in game theory and empirical industrial organization.

Major recognitions include:

• CBE (2012 Birthday Honours)
• Frisch Medal (1990)
• Fellowships of Econometric Society and British Academy
• IAEE Outstanding Contributions Award (2003)
• Honorary Degree from University of Antwerp (2004)

Newbery's policy impact extends through World Bank advisory roles (1981-83 as Division Chief of Public Economics), IMF consultations (1987), and sustained engagement with European energy regulators via EPRG. His work informs critical infrastructure pricing frameworks globally, particularly in electricity and transport sectors.

He leads the Electricity Policy Research Group at Cambridge, fostering interdisciplinary collaboration between economists, engineers, and policy experts to address energy transition challenges through rigorous market design analysis.