Upon discussion of price setting on electricity wholesale markets, many refer to the so-called merit order model …. Conventional wisdom holds that during most hours of the year, coal- or natural gas-fired power plants set the price on European … markets. In this context, this paper analyses price setting on European power markets. We use a fundamental electricity market …

varying carbon price levels on carbon emissions by incorporating the different carbon price levels in the electricity prices … output, wholesale electricity price, and emissions under the high carbon tax scenario based on cointegration relationships …Reducing global carbon emissions and mitigating the adverse impacts of climate change is a fundamental environmental …

an important contributor to the breathtaking growth of renewable energy in China. Ever since its debut, it has been at …