Power Cut? How the EU Is Pulling the Plug on Electricity Markets

Energy expert Carlo Stagnaro demonstrates the folly of EU and UK policy in relation to electricity markets in this important book. He also shows that there is an alternative. Even if the government wishes to put a price on carbon emissions and promote the objective of reducing emissions, this could be done using much better policies than the ones currently directed to that end. It is possible to have a liberalised, competitive energy market in which energy is delivered at lower cost. Furthermore, for those who believe that the reduction in carbon dioxide emissions is an absolute priority, such a liberalised market would reduce emissions at a much lower cost or, alternatively, produce much lower emissions for a given cost. By favouring central planning over a competitive market, policymakers are actually undermining the achievement of a major objective at the heart of policy.

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