Exploring the roles of conflicting social values & scientific uncertainty in environmental decision-making
Saturday, June 7, 2008
This applies to PES as well
"That’s because in half the country the electricity sector, where most expect the bulk of CO2 reductions to come from, isn’t a competitive market. Utilities are publically owned and prices are set at cost of service, as opposed to marginal cost. This means that they don’t make any profit, and customers see a price that is equal to the average cost of producing the electricity they consumed (Common Tradedies)."
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