This chapter surveys research on the regulation of the energy sector that applies the methodology of Comparative Law and Economics or provides insights on how to improve it. It begins with a discussion of the notion of economic efficiency in the context of energy markets liberalization and...

The Australian National Electricity Market (NEM) is a highly volatile market in which price setting is driven by the law of supply and demand. The volatile nature of this market presents significant risk to market participants and as such stabilisation of price has implications for the...