To fix broken electricity markets, stop promoting the wrong kind of competition
- Written by Richard Meade, Adjunct Associate Professor, Centre for Applied Energy Economics and Policy Research, Griffith University
Getty ImagesCompetition is seen as a panacea in electricity markets: if only we had more, prices would be lower, and investment and supply security would be higher.
Politicians love this story because it offers respite when electricity prices rise. Just unleash regulators and competition authorities to “fix” competition barriers –...
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