Protecting Electricity Retailers Against Price Volatility : The Electricity Tariff Equalization Fund in New South Wales
Most commentators agree that the benefits of competitive electricity markets will materialize only if wholesale prices are allowed to fluctuate more or less freely so as to provide adequate pricing signals to generators. Most also agree, however, t...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/05/9612185/protecting-electricity-retailers-against-price-volatility-electricity-tariff-equalization-fund-new-south-wales http://hdl.handle.net/10986/10610 |
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okr-10986-106102021-04-23T14:02:51Z Protecting Electricity Retailers Against Price Volatility : The Electricity Tariff Equalization Fund in New South Wales Kerf, Michel Groom, Eric BALANCE COMMERCIAL RISKS COMPETITIVE MARKET COMPETITIVE MARKETS CONTRACT MANAGEMENT COST OF ENERGY COSTS OF ELECTRICITY DEBT DEVELOPING COUNTRIES ELECTRICITY ELECTRICITY GENERATION ELECTRICITY INDUSTRY ELECTRICITY MARKET ELECTRICITY PRICES ELECTRICITY RETAILERS ELECTRICITY SECTOR ELECTRICITY TARIFF ELECTRICITY TARIFF EQUALIZATION END USERS ENERGY CONSUMPTION ENERGY EFFICIENCY ENERGY PRICES ENERGY USE ENVIRONMENTAL ADVOCATES GENERATION GENERATORS GOVERNANCE MECHANISMS INTERRUPTIONS IN SUPPLY LOAD MANAGEMENT MARGINAL COST MARKET CONDITIONS MARKET DISTORTION MARKET PRICES MARKET REFORM MARKET REFORMS MARKET RISKS OPEN COMPETITION PRICE RISKS PRICE VOLATILITY PRIVATE INFRASTRUCTURE PRIVATIZATION PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS REGULATOR REGULATORY REGIME RETAIL RETAIL COMPETITION RETAIL CUSTOMERS RETAIL PRICES RETAIL RATES RETAIL TARIFFS SPOT MARKET SPOT MARKET PRICES SPOT PRICE SPOT PRICE VOLATILITY SUMMER PEAK SUPPLIERS SURPLUS SURPLUSES SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE TREASURY WHOLESALE ELECTRICITY WHOLESALE ELECTRICITY MARKET WHOLESALE MARKET WHOLESALE PRICE WHOLESALE PRICES Most commentators agree that the benefits of competitive electricity markets will materialize only if wholesale prices are allowed to fluctuate more or less freely so as to provide adequate pricing signals to generators. Most also agree, however, that small electricity users need to be protected against wholesale price volatility through stable, predictable retail rates. That raises a difficult question about whether the retailers or distributors, caught in the middle, also need some protection, especially early in the development of competitive markets. The Australian state of New South Wales has used a transitional mechanism to provide such protection. Lessons learned from this experience can be of interest for other countries. 2012-08-13T12:19:12Z 2012-08-13T12:19:12Z 2008-05 http://documents.worldbank.org/curated/en/2008/05/9612185/protecting-electricity-retailers-against-price-volatility-electricity-tariff-equalization-fund-new-south-wales http://hdl.handle.net/10986/10610 English Gridlines; No. 34 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research East Asia and Pacific Australia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
BALANCE COMMERCIAL RISKS COMPETITIVE MARKET COMPETITIVE MARKETS CONTRACT MANAGEMENT COST OF ENERGY COSTS OF ELECTRICITY DEBT DEVELOPING COUNTRIES ELECTRICITY ELECTRICITY GENERATION ELECTRICITY INDUSTRY ELECTRICITY MARKET ELECTRICITY PRICES ELECTRICITY RETAILERS ELECTRICITY SECTOR ELECTRICITY TARIFF ELECTRICITY TARIFF EQUALIZATION END USERS ENERGY CONSUMPTION ENERGY EFFICIENCY ENERGY PRICES ENERGY USE ENVIRONMENTAL ADVOCATES GENERATION GENERATORS GOVERNANCE MECHANISMS INTERRUPTIONS IN SUPPLY LOAD MANAGEMENT MARGINAL COST MARKET CONDITIONS MARKET DISTORTION MARKET PRICES MARKET REFORM MARKET REFORMS MARKET RISKS OPEN COMPETITION PRICE RISKS PRICE VOLATILITY PRIVATE INFRASTRUCTURE PRIVATIZATION PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS REGULATOR REGULATORY REGIME RETAIL RETAIL COMPETITION RETAIL CUSTOMERS RETAIL PRICES RETAIL RATES RETAIL TARIFFS SPOT MARKET SPOT MARKET PRICES SPOT PRICE SPOT PRICE VOLATILITY SUMMER PEAK SUPPLIERS SURPLUS SURPLUSES SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE TREASURY WHOLESALE ELECTRICITY WHOLESALE ELECTRICITY MARKET WHOLESALE MARKET WHOLESALE PRICE WHOLESALE PRICES |
| spellingShingle |
BALANCE COMMERCIAL RISKS COMPETITIVE MARKET COMPETITIVE MARKETS CONTRACT MANAGEMENT COST OF ENERGY COSTS OF ELECTRICITY DEBT DEVELOPING COUNTRIES ELECTRICITY ELECTRICITY GENERATION ELECTRICITY INDUSTRY ELECTRICITY MARKET ELECTRICITY PRICES ELECTRICITY RETAILERS ELECTRICITY SECTOR ELECTRICITY TARIFF ELECTRICITY TARIFF EQUALIZATION END USERS ENERGY CONSUMPTION ENERGY EFFICIENCY ENERGY PRICES ENERGY USE ENVIRONMENTAL ADVOCATES GENERATION GENERATORS GOVERNANCE MECHANISMS INTERRUPTIONS IN SUPPLY LOAD MANAGEMENT MARGINAL COST MARKET CONDITIONS MARKET DISTORTION MARKET PRICES MARKET REFORM MARKET REFORMS MARKET RISKS OPEN COMPETITION PRICE RISKS PRICE VOLATILITY PRIVATE INFRASTRUCTURE PRIVATIZATION PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS REGULATOR REGULATORY REGIME RETAIL RETAIL COMPETITION RETAIL CUSTOMERS RETAIL PRICES RETAIL RATES RETAIL TARIFFS SPOT MARKET SPOT MARKET PRICES SPOT PRICE SPOT PRICE VOLATILITY SUMMER PEAK SUPPLIERS SURPLUS SURPLUSES SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE TREASURY WHOLESALE ELECTRICITY WHOLESALE ELECTRICITY MARKET WHOLESALE MARKET WHOLESALE PRICE WHOLESALE PRICES Kerf, Michel Groom, Eric Protecting Electricity Retailers Against Price Volatility : The Electricity Tariff Equalization Fund in New South Wales |
| geographic_facet |
East Asia and Pacific Australia |
| relation |
Gridlines; No. 34 |
| description |
Most commentators agree that the
benefits of competitive electricity markets will materialize
only if wholesale prices are allowed to fluctuate more or
less freely so as to provide adequate pricing signals to
generators. Most also agree, however, that small electricity
users need to be protected against wholesale price
volatility through stable, predictable retail rates. That
raises a difficult question about whether the retailers or
distributors, caught in the middle, also need some
protection, especially early in the development of
competitive markets. The Australian state of New South Wales
has used a transitional mechanism to provide such
protection. Lessons learned from this experience can be of
interest for other countries. |
| format |
Publications & Research :: Brief |
| author |
Kerf, Michel Groom, Eric |
| author_facet |
Kerf, Michel Groom, Eric |
| author_sort |
Kerf, Michel |
| title |
Protecting Electricity Retailers Against Price Volatility : The Electricity Tariff Equalization Fund in New South Wales |
| title_short |
Protecting Electricity Retailers Against Price Volatility : The Electricity Tariff Equalization Fund in New South Wales |
| title_full |
Protecting Electricity Retailers Against Price Volatility : The Electricity Tariff Equalization Fund in New South Wales |
| title_fullStr |
Protecting Electricity Retailers Against Price Volatility : The Electricity Tariff Equalization Fund in New South Wales |
| title_full_unstemmed |
Protecting Electricity Retailers Against Price Volatility : The Electricity Tariff Equalization Fund in New South Wales |
| title_sort |
protecting electricity retailers against price volatility : the electricity tariff equalization fund in new south wales |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/05/9612185/protecting-electricity-retailers-against-price-volatility-electricity-tariff-equalization-fund-new-south-wales http://hdl.handle.net/10986/10610 |
| _version_ |
1764413729946992640 |