Working paper icon

Working paper

Electricity markets are broken – can they be fixed?

Abstract:
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.
Publication status:
Published
Peer review status:
Peer reviewed

Actions


Access Document


Authors


More by this author
Department:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies
Series:
OIES paper
Publication date:
2016-01-12
Paper number:
EL 17
Keywords:
UUID:
uuid:c87a120c-3a72-4bc0-abe3-f20596f11b11
Deposit date:
2016-01-13

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP