"Instead of outbidding each other and driving prices up," on 25 March, the 27 EU nations decided to "pool [their] purchasing power" for the "voluntary common purchase of gas". In short, they decided to form a buyers' cartel. So far, difficulties have been identified, but what is needed is a...

Electricity capacity markets work in tandem with electricity energy markets to ensure that investors build adequate capacity in line with consumer preferences for reliability. The need for a capacity market stems from several market failures. One particularly notorious problem of electricity...