What caused the drop in European electricity prices? A factor decomposition analysis

@inproceedings{Hirth2018WhatCT,
  title={What caused the drop in European electricity prices? A factor decomposition analysis},
  author={Lion Hirth},
  year={2018}
}
European wholesale electricity prices have dropped by nearly two thirds since their all-time high around 2008. Different factors have been blamed, or praised, for having caused the price slump: the expansion of renewable energy; the near-collapse of the European emissions trading scheme; over-optimistic power plant investments; a decline in final electricity consumption; and cheap coal and natural gas. This ex-post study of European electricity markets from 2008 to 2015 uses a fundamental power… CONTINUE READING

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