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...

Australia faces an energy crisis due to an overwhelming reliance on the market to deliver its’ energy needs. It is becoming increasingly evident that the market will not provide adequate generation capacity to meet the growing demand for electricity whilst delivering increasingly unaffordable...