Abstract for: Electricity markets in remote Arctic communities - the dynamics of electricity cost under the impact of a mixed economy
This research reviews the electricity market in remote northern communities and electricity prices' behavior under mixed economic conditions. In the remote Arctic, electricity takes a substantial role in human security, rather than in temperate areas where electricity is more a matter of entertainment and productivity (Allen, et al., 2016). In the Arctic, a mixed economy of traditional subsistence activities and monetary economy can be found. The results of this research can help to understand the coexistence of both economies. This work will help create a foundation for further studies on how both systems can coexist and strengthen the overall economy to lower poverty and unemployment in the Arctic (Koivurova, et al., 2008; Coates & Poelzer, 2014).