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The problem in Europe with the construction of electricity grids is the lack of competition. An oligopoly of producers supply monopolies on the buyer side.

The price-driving monopoly/oligopoly problem also affects the US electricity market.

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It depends where, in France we had only one state controled company that gave use the lowest prices in Europe and became an international leader in the domain, until under pressure from activists and Germany we introduced competition and cut EDF in small pieces. I would say that competition is good for energy only if you depend on importation.

monopsony = monopoly on the buyer side

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