A literature review of economic studies on carbon pricing and Australian wholesale electricity markets

► This article summarises prominent studies of Australia's leading economic modelling firms. ► We developed a simple approach for testing estimations of carbon pass-through. ► We found that the average rate of pass-through was similar to the market's average intensity (93.45%). ► We established that the studies vary significantly in their estimation of carbon pass-through. ► We believe that further research is required to explain why the studies vary so significantly.