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 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.

By: Malcolm Keay

Latest Tweets from @OxfordEnergy

  • New post: adasddsa http://es.local/oies/2016/07/adasddsa/

    July 21st

  • Many...post-Soviet states have similar issues as Ukraine with subsidised energy prices, says a new study by OIES, https://t.co/VOFvlYr1xf

    July 20th

  • New publication: Saudi Arabia’s Vision 2030, Oil Policy and the Evolution of the Energy Sector https://t.co/jY2CCz2vMt

    July 19th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.