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Network regulation and regulatory institutional reform: Revisiting the case of Australia

Citation

Nepal, R and Menezes, F and Jamasb, T, Network regulation and regulatory institutional reform: Revisiting the case of Australia, Energy Policy, 73 pp. 259-268. ISSN 0301-4215 (2014) [Refereed Article]

Copyright Statement

Copyright 2014 Elsevier Ltd. All rights reserved.

Official URL: https://www.sciencedirect.com/science/article/pii/...

DOI: doi:10.1016/j.enpol.2014.05.037

Abstract

It is well-understood that the success of liberalizing the electricity supply industry depends crucially on the quality and design of the regulatory and institutional framework. This paper analyses the regulatory arrangements that underpin the work of the Australian Energy Regulator (AER). These arrangements are contrasted with the regulatory structure of electricity provision in Norway. A key difference between the reform processes in the two countries relates to the lack of privatization in Norway and the co-existence of private and publicly owned generators and distributors in Australia. This comparative analysis allows us to make several recommendations to improve regulatory arrangements in Australia. These include greater independence for the AER, better coordination among regulatory institutions, greater use of benchmarking analysis, greater customer involvement, and improving market transparency and privatization of government-owned corporations. However, the success of privatization will hinge upon the effectiveness of the regulatory environment.

Item Details

Item Type:Refereed Article
Keywords:electricity, networks, regulation, instittution
Research Division:Economics
Research Group:Applied economics
Research Field:Industry economics and industrial organisation
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Industrial organisations
UTAS Author:Nepal, R (Dr Rabindra Nepal)
ID Code:129919
Year Published:2014
Web of Science® Times Cited:9
Deposited By:TSBE
Deposited On:2018-12-21
Last Modified:2019-01-21
Downloads:0

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