Recent publications in Occasional Paper
Chapter 11 of Competitive Electricity Markets
Int. J. Global Energy Issues, Vol. 29, Nos. 1/2, 2008
Although having decided not to ratify Kyoto, Australian Governments have undertaken a range of measures that in effect accede to its obligations. Australia has in place costly abatement measures in the form of taxes and command and control.
We spent half a century of government intervention overinvesting in power stations, over-manning all parts of gas and electricity supply and observing a dismal outcome in terms of reliability. But it is self-evident that a competitive environment...
How the Deities Approached Monopoly
The Hazelwood Power Station is one of four key baseload electricity generators operating in Victoria. Considered almost obsolete at the time of its sale in 1997, it has been refurbished and transformed into a productive and reliable asset and its...
The Parer report was fundamentally about the electricity market. Gas and to an even greater extent environment and regional issues were tacked on.
Private ownership uses the same insights that Chadwick discovered two centuries ago. It is based on incentives and, harnessed with competition to meet market needs, is the most powerful means of promoting efficiency and high living standards.