The Effects of Liberalization - Case of EnergyAustralia Pty Ltd
Author
Abram, Gisela
Term
4. term
Publication year
2013
Submitted on
2013-08-15
Pages
76
Abstract
This thesis examines the liberalization of Australia’s electricity market and assesses how deregulation and privatization have affected formerly state-owned incumbents, using EnergyAustralia Pty Ltd as a case. It sets out the historical and institutional context for the transition from a vertically integrated, state-regulated natural monopoly to competitive wholesale and retail markets, with a particular focus on why EnergyAustralia has lost market share since 2001. Methodologically, it employs a qualitative single-case study based entirely on secondary data and literature, complemented by a competitor comparison with Origin Energy and AGL. The theoretical discussion covers the economic and political characteristics of electricity markets, vertical integration, and the objectives and governance of liberalization, while the empirical analysis focuses on market structure, firm effectiveness, customer switching, retail prices, competition, and contracting across Australian states. Delimitations and issues of validity and reliability are addressed. Although this excerpt does not present specific findings, the thesis concludes with observations on how liberalization reshaped competition and EnergyAustralia’s position, and offers recommendations for future research.
Dette speciale undersøger liberaliseringen af det australske elmarked og vurderer, hvordan deregulering og privatisering har påvirket tidligere statsejede aktører med EnergyAustralia Pty Ltd som case. Projektet opstiller den historiske og institutionelle ramme for skiftet fra et vertikalt integreret, statsreguleret naturmonopol til konkurrence i engros- og detailled, og ser især på, hvorfor EnergyAustralia har mistet markedsandele siden 2001. Metodisk anvendes et kvalitativt enkeltcase-studie baseret udelukkende på sekundære data og litteratur, suppleret af en konkurrentanalyse af Origin Energy og AGL. Den teoretiske del behandler elmarkeders økonomiske og politiske karakteristika, vertikal integration samt mål og styring af liberalisering, mens den empiriske gennemgang fokuserer på markedsstruktur, virksomheders effektivitet, kundeskift, detailpriser, konkurrence og kontraktformer på tværs af australske delstater. Afgrænsninger samt overvejelser om validitet og reliabilitet behandles. De konkrete resultater fremgår ikke af dette uddrag, men specialet afrundes med observationer af, hvordan liberalisering har ændret konkurrencen og EnergyAustralias position, samt anbefalinger til fremtidig forskning.
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