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Evolution of Global Electricity Markets by Fereidoon P. Sioshansi

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Chapter 20

Is Electricity Industry Reform the Right Answer to the Wrong Question? Lessons from Australian Restructuring and Climate Policy

Iain MacGilla, c and Stephen Healyb, c,    aSchool of Electrical Engineering and Telecommunications, bSchool of Humanities, cCentre for Energy and Environmental Markets, University of New South Wales

1 Introduction

Electricity industries around the world are undergoing rapid and widespread change from drivers including growing global energy security and climate change pressures. In response, many countries have implemented renewable policy support measures that both reduce emissions and fossil fuel dependence (REN21, 2012), and some have adopted emission reduction targets for their electricity industries.

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