Roeger, Werner; Welfens, Paul J. J. - In: International Economics and Economic Policy 19 (2022) 4, pp. 645-673
merit order approach, the price of electricity increases enormously if, as is often the case, gas is the last type of energy … still realized in power generation; this leads to artificial increases in returns for all other types of energy providers … carefully, as they could minimize the welfare losses in the EU and the UK. As regards the expansion of renewable energy …