Markets and Market Design

Small market reforms for big market challenges

Creating the National Electricity Market in the 1990s required the deliberate and active support of participating state and federal governments. Reforming it requires the same. Perhaps the most meaningful indicator of the fading political interest in sustaining a functioning national electricity market is the petering out of the work of the Energy Security Board (ESB). …

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South Australia: take a ride on the electricity price roller coaster

Observers of Australia’s National Electricity Market (NEM) would be forgiven for thinking the era of high prices has left us for the time being (at least until the next coal plant closes). A minor dampening of demand from COVID and a more significant one from a mild summer has coincided with growing renewables on our …

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