After the grace period: Economic and political challenges when electricity markets face the investment phase
Abstract
Against the background of the 2002-2003 price spikes in the Nordic electricity market and the debates that this triggered, this paper discusses the problem of investments in new energy generation. While the Nordic case is characterised by specificities related to hydropower it also raises the more general challenge of capacity-expansion under a de-regulated market economy.
Series
Discussion Paper01/2004