Now let's split the energy market into two separate markets: the coalred energy renewable energy (Le. solar, wind} A two markets model is illustrated below: P P ammonium} 5mp|viPV-hmstl CI u Coal-f1 red energy Renewable energy For the moment let's ignore externalities, and focus on the effect of an exogenous event instead. Closing coalred power plants (while holding constant the number of renewable energy plants] would lead the supply in the coalfired market tol [53'3\"] V and consequently prices to l l 53'3\" l V l in the coalfired market. Since these two types of energy are likely to be l l salad] V l in consumption, the same event would lead the demand in the the renewable market tol l 53'6\"] V and the supply in the the renewable market tol l 53'3\"] V l such that prices would l [53'3\"] V l in the renewable market. In turn the new equilibrium price in the renewable market could lead to the demand in the coalred market to l [SEIECtl V l and consequently to pricesl [53'3\"] V in the coalred market