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International experience with transformations in electricity markets: A Short Literature Review

Author

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  • John Foster

    (School of Economics, University of Queensland)

  • Liam Wagner

    (School of Economics, University of Queensland)

Abstract

This short review will provide an analysis of the key challenges faced by electricity markets and their participants in increasing the penetration of large scale renewables. This review will assess the key barriers purely from an economic perspective. The global of deployment of large scale renewable energy has yet to live up to its full potential and our experiences (Masini & Menichetti, 2012). However its future development is expected to have greater influence over electricity markets (Wüstenhagen & Menichetti, 2012).

Suggested Citation

  • John Foster & Liam Wagner, 2014. "International experience with transformations in electricity markets: A Short Literature Review," Energy Economics and Management Group Working Papers 2-2014, School of Economics, University of Queensland, Australia.
    • Handle: RePEc:qld:uqeemg:2-2014
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    File URL: http://www.uq.edu.au/eemg/docs/workingpapers/2014-2.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Energy Economics; Electricity Markets; Energy Policy; Resources Policy; Renewable Energy;
    All these keywords.

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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