Abstract
Electricity market reform in New South Wales and Victoria has taken different paths. In NSW, explicit attempts have been made to stimulate the development of an energy services market, whereas Victoria has placed greater faith in the ability of the deregulated market to deliver energy efficiency. As this paper notes, energy service companies originated in France, yet France (with its heavy nuclear investment) is not known for its commitment to energy conservation. This article explores and explains this apparent contradiction, and draws lessons from the French experience about the institutional factors conducive to the establishment of a viable energy services sector capable of delivering improved energy efficiency in Australia. On the basis of French experience, it suggests that the key for the development of the sector in Australia may well lie in the provision of services additional to energy, and that building owners and managers might be just as important players in an energy efficiency market as engineering companies.
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