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The Price of Power: Electricity Pricing for a Cleaner and More Equitable Energy Future

Australian Economic Review

Published online on

Abstract

["Australian Economic Review, EarlyView. ", "\nABSTRACT\nThe clean energy transition is doing more than reducing emissions; it is also reshaping how electricity is produced, priced and consumed. Electricity prices are one of the most powerful, and underappreciated, levers we have to steer this transition, and it influences energy consumption patterns, technology adoption and how transition costs will be shared across households. Drawing on evidence from electricity markets across the United States, Europe and beyond, the overview will explore how current pricing structures can both hinder and help progress in the clean energy transition. The overview will also highlight emerging rate reforms and innovations designed to make electricity prices more fit for purpose, aligning everyday energy decisions with a faster, fairer and more resilient energy transition."]