Electricity networks privatization in Australia: An overview of the debate

Nepal, Rabindra and Foster, John (2015) Electricity networks privatization in Australia: An overview of the debate. Economic Analysis and Policy, 48 12-24. doi:10.1016/j.eap.2015.10.001

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Author Nepal, Rabindra
Foster, John
Title Electricity networks privatization in Australia: An overview of the debate
Journal name Economic Analysis and Policy   Check publisher's open access policy
ISSN 0313-5926
Publication date 2015-11-10
Year available 2015
Sub-type Article (original research)
DOI 10.1016/j.eap.2015.10.001
Open Access Status File (Author Post-print)
Volume 48
Start page 12
End page 24
Total pages 13
Place of publication Brisbane, Australia
Publisher Economic Society of Australia
Language eng
Abstract The debate on electricity networks privatization in the Australian National Electricity Market is an important public policy concern but remains unsettled. This article reviews and compares the economic performance between the privately and state-owned electricity networks in Australia across three dimensions encompassing prices, quality and investment. The comparative analysis suggests that privately owned networks are not worse off than the state-owned networks in terms of performance. However, international empirical evidence indicates that the efficiency gains to consumers from electricity networks privatization will depend on the underlying regulatory regime and regulatory institutional framework. The long-term concerns on future investments, security of supply, climate change and economic regulation of networks will continue to prevail once the short-term efficiency gains from privatization are exhausted. These concerns imply that the role of the state will still be significant, although transformed, even after electricity networks privatization raising questions on the motives of privatization.
Keyword Electricity
Networks
Privatization
Regulation
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Economics Publications
 
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