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1.8 The market mechanism, market failure and government intervention in markets

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Question 50
Context 1: TRANSITION TO CLEAN ENERGY

Extract A: Electricity generation by fuel source, Terawatt-hours (TWh), United Kingdom, 2012 to 2023

YearFossil FuelsRenewablesOther sources*
20122204165
20132055362
20141906460
20151758365
20161508362
20171359958
201812511055
201911512052
20209513450
202110212248
20229813545
20238213542

Source: Department for Energy Security and Net Zero, April 2024

*Other sources include nuclear, net imports, and other chemical sources.

Using Extract A, identify two significant points of comparison, over the period shown, between electricity generated from fossil fuels and electricity generated from renewables in the United Kingdom.

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Markscheme

1.8 The market mechanism, market failure and government intervention in markets Questions

  1. A Level
  2. /Economics
  3. /1.8 The market mechanism, market failure and government intervention in markets

378 exam-style questions on AQA A Level Economics 1.8 The market mechanism, market failure and government intervention in markets, covering 1.8.1 How markets and prices allocate resources, 1.8.2 The meaning of market failure, 1.8.3 Public goods, private goods and quasi-public goods, 1.8.4 Positive and negative externalities in consumption and production, 1.8.5 Merit and demerit goods, 1.8.6 Market imperfections, 1.8.7 Competition policy (A-level only), 1.8.8 Public ownership, privatisation, regulation and deregulation of markets (A-level only), 1.8.9 Government intervention in markets, and 1.8.10 Government failure. Each one has a worked solution and a mark scheme showing where the marks go.

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