Australia's National Electricity Market after Twenty Years
Alan Rai and
Tim Nelson ()
Australian Economic Review, 2020, vol. 53, issue 2, 165-182
The Hilmer reforms served electricity consumers well over the first post‐reform decade. However, three key issues emerged from the mid‐2000s: (i) a significant and largely unnecessary rise in network expenditures; (ii) emissions policy discontinuity; and (iii) a large increase in wholesale prices due to rising fuel prices and the sudden exit of generators. The consequence was a doubling in retail prices. Deficiencies in cost‐recovery mechanisms have meant price increases have disproportionately affected low‐income households. We propose three key reforms as rectification: (i) integrating emissions reduction and energy policies; (ii) boosting network capacity utilisation; and (iii) improving cost recovery mechanisms.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecr:v:53:y:2020:i:2:p:165-182
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0004-9018
Access Statistics for this article
Australian Economic Review is currently edited by Ross Williams, Ian McDonald and Mark Wooden
More articles in Australian Economic Review from The University of Melbourne, Melbourne Institute of Applied Economic and Social Research Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().