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

Nepal, Rabindra, Menezes, Flavio and Jamasb, Touraj (2014) Network regulation and regulatory institutional reform: revisiting the case of Australia. Energy Policy, 73 259-268. doi:10.1016/j.enpol.2014.05.037


Author Nepal, Rabindra
Menezes, Flavio
Jamasb, Touraj
Title Network regulation and regulatory institutional reform: revisiting the case of Australia
Journal name Energy Policy   Check publisher's open access policy
ISSN 0301-4215
1873-6777
Publication date 2014-06-13
Year available 2014
Sub-type Article (original research)
DOI 10.1016/j.enpol.2014.05.037
Volume 73
Start page 259
End page 268
Total pages 10
Place of publication London, United Kingdom
Publisher Elsevier
Language eng
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.
Keyword Electricity
Networks
Regulation
Institutions
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Published online 13 June 2014. Article in Press

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2015 Collection
School of Economics Publications
 
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Created: Tue, 01 Jul 2014, 20:35:39 EST by Alys Hohnen on behalf of School of Economics