Abstract
Electricity production in Australia was progressively reformatted according to neo-liberal theories of self-correcting market efficiency throughout the 1990s. The resulting National Electricity Market (NEM) promised to eliminate the wastefulness and bureaucratic excesses of state bureaucratic regimes that were thought to be pandering to a narrow set of industrial concerns, and at great fiscal risk to state treasuries. The creation of a market around the kilowatt hour price of electricity was designed to replace expert bureaucratic judgements about electricity investment with the transparency of a price.
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© 2015 Declan Kuch
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Kuch, D. (2015). Governing Carbon Emissions: NSW GGAS. In: The Rise and Fall of Carbon Emissions Trading. Energy, Climate and the Environment. Palgrave Macmillan, London. https://doi.org/10.1057/9781137490384_4
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DOI: https://doi.org/10.1057/9781137490384_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-57796-5
Online ISBN: 978-1-137-49038-4
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