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dc.contributor.authorPollitt, M.
dc.date.accessioned2018-06-22T11:12:40Z
dc.date.available2018-06-22T11:12:40Z
dc.date.issued2018-05-24
dc.identifier.otherCWPE1832
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/277386
dc.description.abstractThe European single market in electricity has been promoted vigorously by the European Commission since 1996. We discuss how national electricity markets and cross border electricity markets have been reshaped by the process. We examine the Commission’s own work on evaluating the benefits of the single market. We look at the wider evidence of impact on prices, security of supply, the environment and on innovation. We conclude that the institutional changes are extensive and there has been significant market harmonisation and integration. However, the measured benefits are difficult to identify, but likely to be small. This is partly because over the same period there has been a large rise in subsidised renewable generation driven by the decarbonisation agenda.
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectelectricity single market
dc.subjectdecarbonisation
dc.titleThe European Single Market in Electricity: An Economic Assessment
dc.typeWorking Paper
dc.identifier.doi10.17863/CAM.24679


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