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Electricity networks privatization in Australia: An overview of the debate

Nepal, Rabindra and Foster, John (2015). Electricity networks privatization in Australia: An overview of the debate. Economic Analysis and Policy,48:12-24.

Document type: Journal Article
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IRMA ID 84550754xPUB28
Title Electricity networks privatization in Australia: An overview of the debate
Author Nepal, Rabindra
Foster, John
Journal Name Economic Analysis and Policy
Publication Date 2015
Volume Number 48
ISSN 0313-5926   (check CDU catalogue  open catalogue search in new window)
Scopus ID 2-s2.0-84949571253
Start Page 12
End Page 24
Total Pages 13
Place of Publication Australia
Publisher Economic Society of Australia Inc.
HERDC Category C1 - Journal Article (DIISR)
Abstract The debate on electricity networks privatization in the Australian National Electricity Market is an important public policy concern but remains unsettled. This article reviews and compares the economic performance between the privately and state-owned electricity networks in Australia across three dimensions encompassing prices, quality and investment. The comparative analysis suggests that privately owned networks are not worse off than the state-owned networks in terms of performance. However, international empirical evidence indicates that the efficiency gains to consumers from electricity networks privatization will depend on the underlying regulatory regime and regulatory institutional framework. The long-term concerns on future investments, security of supply, climate change and economic regulation of networks will continue to prevail once the short-term efficiency gains from privatization are exhausted. These concerns imply that the role of the state will still be significant, although transformed, even after electricity networks privatization raising questions on the motives of privatization.
Keywords Electricity
Networks
Privatization
Regulation
DOI http://dx.doi.org/10.1016/j.eap.2015.10.001   (check subscription with CDU E-Gateway service for CDU Staff and Students  check subscription with CDU E-Gateway in new window)
 
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