Principles of congestion pricing were applied rather successfully in electricity markets.
Having public congestion prices for electricity makes it easier for investor to understand what needs funding ; do we need more power plants, or more electric lines?
I whish these principles could be applied elsewhere, since ''congestion pricing'' often reflect the need for better systemic public infrastructure (aka a network or a market maintenance cost), while ''regular prices'' are often tied to private business (aka a node, or an entrepreneur).
Having public congestion prices for electricity makes it easier for investor to understand what needs funding ; do we need more power plants, or more electric lines?
I whish these principles could be applied elsewhere, since ''congestion pricing'' often reflect the need for better systemic public infrastructure (aka a network or a market maintenance cost), while ''regular prices'' are often tied to private business (aka a node, or an entrepreneur).