Sector: Economic Diplomacy and Geopolitics
Country location: Australia
Grantee: Mr Felix Karmel
The Japanese Government deregulated the Japanese electricity market in 2016, as one of the reforms that came out of the Fukushima nuclear incident of 2011. There are three main goals in deregulating the market: securing stability of supply, suppressing electricity prices by introducing competition, and expanding choice to consumers in how electricity tariffs are constructed.
Australia began to deregulate its electricity market in 1998 with the development of the National Electricity Market. In deregulating the energy market, Australia has aimed to reduce barriers to entry, promote generation and retail competition, and diversify generation supply to promote energy security.
The study will examine how Australia's institutional structures evolved as deregulation has been implemented, and the outcomes achieved particularly in terms of security of supply and energy prices. It will also focus on consumers' engagement in the energy market. The study will inform Japan's policy reform and present Australia's expertise in managing deregulated energy markets.
- Seminar, Australia, 15 March 2018
- Seminar, Tokyo, 05 April 2018
- Report, Australia, 05 August 2017 to 15 February 2018
Social media: Felix Karmel's LinkedIn page, email@example.com
Australia-Japan Foundation grant offer: $10,000.00 with no GST in addition
Total project value: $15,000.00