Reforming Competitive Electricity Markets to Meet Environmental Targets

David M Newbery

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: The UK and other EU countries are concerned to deliver secure, sustainable and affordable electricity, to meet challenging targets for decarbonisation and renewable energy. The UK Government has consulted and concluded that the present electricity market arrangements will not deliver all three goals, and has proposed a major Electricity Market Reform (EMR). This article describes the reasons for, and the nature of, the EMR, pointing to the need for further market and institutional reforms.

Keywords: Electricity market reform; environment; low-carbon generation (search for similar items in EconPapers)
JEL-codes: L94 Q42 Q48 (search for similar items in EconPapers)
Date: 2011-09-14
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Reforming Competitive Electricity Markets to Meet Environmental Targets (2012)
Working Paper: Reforming Competitive Electricity Markets to Meet Environmental Targets (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:1154

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