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In page Electricity market:

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Due to high gas prices because of the 2022 Russia–European Union gas dispute, in late 2022 the EU capped non-gas power prices at 180 euros per megawatt hour[1] and the UK is considering price capping.[2] Fossil fuels, especially gas, may be price capped higher than renewables, with revenue above the cap subsidizing some consumers, as in Turkey.[citation needed] Academic study of an earlier price cap in that market concluded that it reduced welfare,[3] and another study said that an EU-wide price cap would risk "a never-ending spiral of higher import prices and higher subsidies".[4] It has been academically argued via game theory that a cap on the price of imported Russian gas (some of which is used to generate electricity) could be beneficial,[5] however politically this is difficult.[6]