Electricity markets are broken – can they be fixed?
This paper argues that electricity markets in Europe are broken. The increasing penetration of subsidised, zero marginal cost, intermittent generation has distorted prices to the extent that they can no longer give effective signals for investment or operation. The problem is increasingly being reco...
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| Формат: | Working paper |
| Опубликовано: |
Oxford Institute for Energy Studies
2016
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| _version_ | 1826296223963807744 |
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| author | Keay, M |
| author_facet | Keay, M |
| author_sort | Keay, M |
| collection | OXFORD |
| description | This paper argues that electricity markets in Europe are broken. The increasing penetration of subsidised, zero marginal cost, intermittent generation has distorted prices to the extent that they can no longer give effective signals for investment or operation. The problem is increasingly being recognised but there is no consensus on the solution. The paper considers a number of options; it concludes that a serious debate needs to get under way now if we are to develop sustainable markets for a low carbon future. |
| first_indexed | 2024-03-07T04:13:02Z |
| format | Working paper |
| id | oxford-uuid:c87a120c-3a72-4bc0-abe3-f20596f11b11 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T04:13:02Z |
| publishDate | 2016 |
| publisher | Oxford Institute for Energy Studies |
| record_format | dspace |
| spelling | oxford-uuid:c87a120c-3a72-4bc0-abe3-f20596f11b112022-03-27T06:52:22ZElectricity markets are broken – can they be fixed?Working paperhttp://purl.org/coar/resource_type/c_8042uuid:c87a120c-3a72-4bc0-abe3-f20596f11b11ORA DepositOxford Institute for Energy Studies2016Keay, MThis paper argues that electricity markets in Europe are broken. The increasing penetration of subsidised, zero marginal cost, intermittent generation has distorted prices to the extent that they can no longer give effective signals for investment or operation. The problem is increasingly being recognised but there is no consensus on the solution. The paper considers a number of options; it concludes that a serious debate needs to get under way now if we are to develop sustainable markets for a low carbon future. |
| spellingShingle | Keay, M Electricity markets are broken – can they be fixed? |
| title | Electricity markets are broken – can they be fixed? |
| title_full | Electricity markets are broken – can they be fixed? |
| title_fullStr | Electricity markets are broken – can they be fixed? |
| title_full_unstemmed | Electricity markets are broken – can they be fixed? |
| title_short | Electricity markets are broken – can they be fixed? |
| title_sort | electricity markets are broken can they be fixed |
| work_keys_str_mv | AT keaym electricitymarketsarebrokencantheybefixed |