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Electrifying reform

Richard Meade

No 375400, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: New Zealand is not alone in having reformed and re-reformed its electricity sector, and in grappling with the questions of industry governance. While our electricity system is isolated from others, its reform has benefited from the thinking applied elsewhere - and early on it contributed to that thinking. But the direction of New Zealand's re-reforms is starting to appear increasingly isolated. Richard Meade argues that the recent course of reforms diverges from practice elsewhere, hinders private investment, and risks an inevitable reversion to state ownership and central planning.

Date: 2005-11-01
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