Network Regulation and Regulatory Institutional Reform: Revisiting the Case of Australia

Nepal, R.; Menezes, F.; Jamasb, T.

doi:10.1016/j.enpol.2014.05.037

Network Regulation and Regulatory Institutional Reform: Revisiting the Case of Australia

Nepal, R.; Menezes, F.; Jamasb, T.

Authors

R. Nepal

F. Menezes

T. Jamasb

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 coexistence 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.

Citation

Nepal, R., Menezes, F., & Jamasb, T. (2014). Network Regulation and Regulatory Institutional Reform: Revisiting the Case of Australia. Energy Policy, 73, 259-268. https://doi.org/10.1016/j.enpol.2014.05.037

Journal Article Type	Article
Publication Date	Oct 1, 2014
Deposit Date	Jun 9, 2014
Publicly Available Date	Jun 18, 2014
Journal	Energy Policy
Print ISSN	0301-4215
Publisher	Elsevier
Peer Reviewed	Peer Reviewed
Volume	73
Pages	259-268
DOI	https://doi.org/10.1016/j.enpol.2014.05.037
Keywords	Electricity, Networks, Regulation, Institutions.
Public URL	https://durham-repository.worktribe.com/output/1459221

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Copyright Statement
NOTICE: this is the author’s version of a work that was accepted for publication in Energy Policy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Energy Policy, 73, 2014, 10.1016/j.enpol.2014.05.037.