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Gas suppliers on the east coast of Australia have used a market restructure to hike prices on domestic consumers and there is evidence pipeline operators have set monopoly prices, the competition watchdog has said.
Two intersecting events of the last two decades have transformed the electricity industry: (1) market restructure designed to introduce wholesale market competition; and (2) renewable energy development fostered by government policies, including renewable portfolio standards (RPS).
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Mr. Krämer noted that Germany had gone through its own labor market restructuring over the past decade.
As they face up to the rigours of the world market, restructuring is likely to gather pace.
Conservative policies, Mr. Morris writes, produced not just excess but a great market restructuring, while government can become bloated.
And whatever the CMA comes up with in the way of findings or even action, no amount of market restructuring, supplier switching and trust rebuilding will fix everything.
It said the losses had been caused by the flagging telecommunications market, restructuring costs and costs linked to its terminals division.
Electricity market restructuring: reforms of reforms.
None of the Wild Cards can be linked to opportunities related to aspects of market restructuring and industries transformation.
This chapter presents a framework for explaining the differences in the approach to electricity market restructuring around the world.
Not a newfangled decentralization tech but something much older: Market restructuring via competition law.
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