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

Rabindra Nepal, Flavio Menezes and Tooraj Jamasb

No 510, Discussion Papers Series from University of Queensland, School of Economics

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.

Date: 2014-03-24
New Economics Papers: this item is included in nep-ene and nep-reg
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Citations: View citations in EconPapers (21)

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Journal Article: Network regulation and regulatory institutional reform: Revisiting the case of Australia (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uq2004:510

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