Australia's national electricity market (NEM) is national in name only. It is eight years since the NEM commenced and the objective of a fully competitive market has not been reached. The NEM's structural characteristics, shaped strongly although not exclusively by its evolving regulatory...

The Australian electricity sector has been radically restructured during the last decade. The drivers of this restructuring are sector-specific and public sector policies, and the broader macro policy approach of the Australian state. Using the analytical framework of French régulation theory,...