Given the agreed urgency of decarbonizing electricity and the need to guide decentralized private decisions, an …-even carbon price for mature zerocarbon electricity investments. It appears an attractive alternative given the difficulty of … justifies combining a carbon price floor with suitable long-term contracts for electricity investments. …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … as the number of steps increases, reconciling the apparently very disparate approaches to modelling electricity markets …. -- Auctions ; supply function equilibria ; convergence of step-functions ; electricity markets …