lower electricity prices Even with multiple market failures, emissions pricing remains the single most cost-effective option …Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from …

The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that … causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along … commonly used cost indicators such as "levelized electricity costs" and "grid parity". Heterogeneity is relevant for all …