The ghosts in the electricity grid

Energy policy uncertainty is forcing some electricity suppliers to keep unproductive power plants in operation. The economically inefficient practice is affecting investors as well as consumers.

There’s a world of difference between what is and what may be, as seen in the rowdy debating arenas of energy and carbon emission abatement. The big question -- with billions of dollars hanging on the outcome -- is when does one morph in to the other?

One of the most bothersome examples in electricity supply is the case of 'ghosts' in the machine.

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