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Electricity markets need to be designed to accommodate their lumpy nature.
And for that to happen, the markets need to believe in those who regulate them.
"That's something the markets need to take on board," Mr. Fransolet said.
Markets need to play their role, but markets alone will not do the job".
The problem is that markets need to be encouraged to exploit them.
"You are promised a 19% return but, to achieve that, markets need to grow," Lowcock says.
To function properly, markets need to do at least three things.
Existing institutions need strengthening, human capacity needs to be developed and new markets need to be promoted.
All of the sand markets need to rise by more than 50 percent to get back to peak levels.
Her first chapter is entitled: "When markets need to be tamed".Her book is thorough and often engaging.
Markets need to operate without the influence of traders merely trying to prey upon infinitesimal market movements".
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