A question of market control
Grids need to accommodate a host of new and variable low-carbon assets, but who should manage how they operate and what they get paid remains a thought exercise despite the changes already happening
Electricity markets in Europe and elsewhere are in dire need of overhaul although there is little clarity on what to aim for
MARKET HAVOC High costs and erratic government intervention highlighted the need for European electricity market reform in 2022
MANY MODELS Europe is not alone in seeking market reform—regulators around the world are pondering new models, with little consensus
KEY QUOTE The EU approach is interesting—and it will be interesting to see how well it works in practice ...
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