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Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control demand, means that consumer behaviour is not reflected...
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This book analyses the impact of electricity market reform on investment in the power industry. It considers the … determining investment and security standards in a liberalised market. Energy policies on fuel use, authorisation processes … because of the limited possibilities for replacing electricity by other forms of energy. Adequate investment is the basic …
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by regulatory reform. It updates the 1999 IEA publication “Electricity Market Reform - an IEA Handbook”, and is the … latest in a series of IEA publications on energy market reforms. …
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