Show simple item record

dc.contributor.authorSimhauser, Paulen_US
dc.date.accessioned2017-04-24T11:43:54Z
dc.date.available2017-04-24T11:43:54Z
dc.date.issued2005en_US
dc.date.modified2009-12-15T03:15:41Z
dc.identifier.issn03135926en_US
dc.identifier.urihttp://hdl.handle.net/10072/27510
dc.description.abstractPower generators in the east-Australian states of Queensland, New South Wales and Victoria comprise the dominant part of a 40,000 MW power system and operate at world benchmark efficient levels. But it has not always seem this way. During the late 1980s, the states were grossly over-supplied and the cost structure of the generation sector was spiralling out of control. Microeconomic reform has since corrected pricing practices and capital allocation. But electricity reforms need to be carefully orchestrated. While gains in productive and allocative efficiency will invariably occur, dynamic efficiency gains are harder to achieve. Inadequate restructuring or a supply-demand imbalance at the start of reforms may result in high prices, which in turn can drive an excess entry result, following which emerge systemic faults in signalling for new plant. Poor starting blocks can set off a chain reaction of events which may take a power system more than a decade to recover from.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherEconomic Society of Australia Inc.en_US
dc.publisher.placeAustraliaen_US
dc.publisher.urihttp://www.eap-journal.com/en_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom23en_US
dc.relation.ispartofpageto43en_US
dc.relation.ispartofissue1 & 2en_US
dc.relation.ispartofjournalEconomic Analysis & Policyen_US
dc.relation.ispartofvolume35en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchcode340202en_US
dc.titleThe Gains from the Microeconomic Reform of the Power Generation Industry in East-Coast Australiaen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.date.issued2005
gro.hasfulltextNo Full Text


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record