Energy Subsidies and the Flawed Dominance of Economics in the UK Energy Sector

by Raphael J. Heffron

New economic thinking is needed in the UK energy sector. The mainstream economic approach to the electricity sector needs to be radically altered, and two new approaches are discussed in this article. The first focuses on restructuring the electricity market, and the second on achieving parity for low carbon energy sources in terms of subsidies received in comparison to the oil and gas sector.

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