Summary/Abstract |
Understanding competition in electricity markets is fundamental to developing good regulatory, market design and associated policy frameworks for the electricity sector. Where and when competition is effective, appropriate market designs can be largely left to run; where it is not, interventions may be needed. Despite the need to monitor competition in electricity markets, there appears to be a gap in the current literature around the competitiveness of the Australian National Electricity Market (NEM). This means that policymakers and researchers may not have enough information to adequately address the policy needs of Australia's electricity sector.
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