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

Nepal, R. and Menezes, F. and Jamasb, T. (2014) 'Network regulation and regulatory institutional reform : revisiting the case of Australia.', Energy policy., 73 . pp. 259-268.

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.

Item Type:Article
Keywords:Electricity, Networks, Regulation, Institutions.
Full text:(AM) Accepted Manuscript
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Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1016/j.enpol.2014.05.037
Publisher 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.
Record Created:18 Jun 2014 15:20
Last Modified:16 Sep 2014 12:59

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