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IEA seeks rebalanced power systems for low-carbon transition

IEA seeks rebalanced power systems for low-carbon transition


 

The electricity markets of the future will require a “comprehensive framework” that encourages low-carbon investments and operational efficiency while maintaining supply security as a top priority, the International Energy Agency (IEA) has said. Published on Thursday 17 February, the organisation’s new Re-Powering Markets report said that efficient markets would best be achieved by introducing prices that reflected supply and demand conditions as often as possible and as close as possible to locations where the energy was generated or consumed. Efficient markets would also unlock flexibility that could deal with renewables’ variability, the report said.

 

IEA