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a) Why might an electricity market feature a price cap? (1 mark) b) If a price cap is set too low what is the likely
a) Why might an electricity market feature a price cap? (1 mark) b) If a price cap is set too low what is the likely result in an energy-only market. (1 mark) c) If a capacity market is introduced why might energy offers be constrained to costs? (1 mark)
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