Electricity price forecasting in Europe
The electricity price forecasting according to a report of the European Union on energy and greenhouse gases expected to continue rising until 2020, due to investments being made in renewable energy and the rise in the price of fossil fuels. According to the electricity price forecasting is expected to, thereafter, these investments begin to bear revenues and lower electricity price. It also provides for the report to significantly reduce emissions of greenhouse gases, although well below the targets set by the EU itself. The changes being experienced by the power generation sector require a large investment in capital intensive, and investments in transmission and distribution systems. This will have an upward effect on prices of electricity and energy system costs […]
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