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The electricity prices in the European Union. The role of renewable energies and regulatory electric market reforms

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  • Moreno, Blanca
  • López, Ana J.
  • García-Álvarez, María Teresa

Abstract

The European Union electricity market has been gradually liberalized since 1990s. Theoretically, competitive markets should lead to efficiency gains in the economy thus reducing electricity prices. However, there is a controversial debate about the real effects of the electricity liberalization on electricity prices. Moreover, the increased generation of electricity from renewable energies RES-E (Electricity from Renewable Energy Sources) is also integrated in wholesale market reducing wholesale prices, but the final effect over household prices is not clear.

Suggested Citation

  • Moreno, Blanca & López, Ana J. & García-Álvarez, María Teresa, 2012. "The electricity prices in the European Union. The role of renewable energies and regulatory electric market reforms," Energy, Elsevier, vol. 48(1), pages 307-313.
    • Handle: RePEc:eee:energy:v:48:y:2012:i:1:p:307-313
    DOI: 10.1016/j.energy.2012.06.059
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