Key findings
In the current environment, governments are faced with a spectrum of objectives including securing future supplies, building up renewable energy to meet emission targets whilst maintaining fuel diversity and containing end-user bills (the so-called trilemma). In attempting to meet these objectives, governments have intervened in the market process by using subsidies to promote development of renewable technology and setting strike prices for energy contracts with clean generators. This has resulted in a market that is neither free nor centrally coordinated and has created a number of problems.
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