The emergence of Australia's electricity market Online publication date: Thu, 20-Dec-2007
by Alan Moran
International Journal of Global Energy Issues (IJGEI), Vol. 29, No. 1/2, 2008
Abstract: The Australian energy market has developed in response to two sets of government decisions. The first was a policy of the Victorian Government to sell its state-owned electricity supply system and to do so in a way that introduced competition wherever this was possible. At the same time, the Commonwealth (federal) Government had determined on a course of introducing competitive provision of electricity, without any commitment to privatisation. The outcome has been a considerable increase in productivity and reliability accompanied by price reductions. Issues that remain include ensuring the provision of adequate transmission where this is regulated and competing with local regulation, the provision of which is market-determined. There is also a potentially unstable coexistence of private- and government-owned generation, with the latter appearing to be responsive to government policies that might jeopardise market-driven supply augmentations. Australia is also wrestling with responses to carbon emissions, which might create future investment uncertainties.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Global Energy Issues (IJGEI):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook