Economics & Deregulation / Energy
Energy is a vital area of the Australian economy, but it is constantly threatened by regulation and taxation. The Institute of Public Affairs examines the regulatory framework governing the energy sector and shows how deregulation can ensure that firms are given every opportunity to operate efficiently and that consumers receive the full benefits of a deregulated energy market. Environmental policies are also likely to challenge the vitality of this important sector.
The IPA also runs the Energy Forum, which brings together firms in the electricity and gas supply industry, all of which share a common view that privatisation and minimal levels of regulation will best serve the community. It provides a platform on which major industry leaders can test their views and subject them to informed criticism. Energy Forum papers are available here. For more information about the Energy Forum, please contact Alan Moran.
At a time when the Government has just launched its Task Force to reduce the regulation on business, it is simultaneously introducing new measures like the Energy Efficiency Opportunities Bill which will needlessly intensify that regulation. It is...
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...