Australia

Details

  • Industry: Energy & Natural Resources, Government, Federal Government, State & Territory Governments
  • Type: Business and industry issue
  • Date: 16/12/2013

National Electricity Market: A case study in successful microeconomic reform 

2013 marks 15 years since the launch of Australia's National Electricity Market (NEM). To mark this anniversary, the Australian Energy Market Commission (AEMC) and KPMG have published a collection of interviews with leaders of the reform process to document their experience and lessons for the future.
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AEMC commissioned KPMG to interview 31 people from government and industry who played important roles in the reform process over more than a decade.

 

The purpose of this paper is not just to celebrate the anniversary of the NEM but to draw on lessons of how the process was managed in order to deliver a structural reform that has endured for a relatively long period of time.

 

KPMG Asia Pacific Energy Leader, Michael Bray, said he hoped the case study will provide a useful guide on how to develop and implement microeconomic reform policies to help improve productivity and growing prosperity for the benefit of all Australians.

 

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