Full social cost pricing in the energy sector: The case of electricity generation in New South Wales and Victoria
Article
Lawrey, Roger. 1999. "Full social cost pricing in the energy sector: The case of electricity generation in New South Wales and Victoria
." International Journal of Social Economics. 26 (7/8/9), pp. 925-947. https://doi.org/10.1108/03068299910245642
| Article Title | Full social cost pricing in the energy sector: The case of electricity generation in New South Wales and Victoria |
|---|---|
| ERA Journal ID | 18391 |
| Article Category | Article |
| Authors | Lawrey, Roger |
| Journal Title | International Journal of Social Economics |
| Journal Citation | 26 (7/8/9), pp. 925-947 |
| Number of Pages | 20 |
| Year | 1999 |
| Publisher | Emerald |
| Place of Publication | United Kingdom |
| ISSN | 0306-8293 |
| 1758-6712 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1108/03068299910245642 |
| Web Address (URL) | https://www.emerald.com/insight/content/doi/10.1108/03068299910245642/full/html |
| Abstract | The recent interconnection and trade of electricity between NSW and Victoria is likely to exacerbate any misallocation of resources due to inefficient pricing. The aim of this article is to investigate the likely divergence between electricity generation costs using current market prices of coal and natural gas, and those when coal and natural gas are priced efficiently. To do so, the paper applies the concept of full social cost pricing to five different generation technologies in the two states. It concludes that the current movement to privatisation and interconnection in the electricity sector, while it may promote pricing closer to marginal private costs, will not result in efficient outcomes in the presence of external costs and the different tax regimes which currently apply to each generation fuel and in each state. © 1999, MCB UP Limited |
| Keywords | Electricity; Environment; Pricing |
| Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
| Byline Affiliations | Queensland University of Technology |
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