The UK's great energy shake-up

The UK's draft Energy Bill heralds a remarkable departure from free markets to drive its electricity market and emission reductions. While it may go too far for Australia's circumstances, there are some useful lessons.

This week the UK government issued its draft Energy Bill, proposing a remarkable shake-up of the way it structures its energy market.

For some, the restructure might almost look like an abandonment of free market principles, with the government putting in place a range of measures to buttress the price signals provided by the electricity and carbon markets.

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