The Political Economy of Regulating Retail Electricity  Price Caps in a Rising Cost Environment

Simshauser, P; Laochumnanvanit, K

doi:10.1016/j.tej.2012.10.013

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Author(s)

Simshauser, P

Laochumnanvanit, K

Griffith University Author(s)

Simshauser, Paul E.

Year published

2012

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Abstract

Australia's competitive energy market experienced sustained network tariff increases at multiples of the inflation rate from 2008 to 2012. This became a toxic issue for policymakers and in one region resulted in regulated tariffs in the competitive market being set below long-run costs. Doing so risks damaging competition, investment flows, and following any price correction, a subsequent media assault.Australia's competitive energy market experienced sustained network tariff increases at multiples of the inflation rate from 2008 to 2012. This became a toxic issue for policymakers and in one region resulted in regulated tariffs in the competitive market being set below long-run costs. Doing so risks damaging competition, investment flows, and following any price correction, a subsequent media assault.
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Journal Title

The Electricity Journal

Volume

Issue

DOI

https://doi.org/10.1016/j.tej.2012.10.013

Copyright Statement

© 2012 Elsevier. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.

Subject

Applied economics

Environment and resource economics

Policy and administration

Publication URI

http://hdl.handle.net/10072/52186

Collection

Journal articles