Abstract
AbstractAustralia has a deregulated national wholesale electricity market, a national network regulatory framework, but inconsistent state‐based regulated retail price caps in workably competitive markets. This article finds that asymmetric information and the complexity of energy markets means that a regulator, no matter how wise and well resourced, could never be expected to produce reliable estimates of competitive prices. If regulation represents a policy constraint, relying on long‐run concepts rather than short‐run prices is least damaging to the flow of capital and non‐linear pricing.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
