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Centralization versus Decentralization in Electricity Markets

| 2018:533 | Victor Ahlqvist, Pär Holmberg and Thomas Tangerås
Here, the researchers make a qualitative comparison between centralized electricity markets in the US and decentralized electricity markets in Europe.
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This has changed over the years, but as of today US has centralized wholesale electricity markets, while most of Europe has decentralized wholesale electricity markets.