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MILLS, David

Least-Cost planning and eletricity industry reform in Australia - Oxford : Blackwell Publishers Limited, March 2001

Leas-Cost Planning played a key role in the development of the energy efficienty and renewable energy industries in the USA. It has not been widely used elsewhere, largely due to differences in other nation`s regulatory environments and the emergence of competitive markets as the dominant paradigm for electricity planning. Least-Cost Planning, however, may offer valuable insights for creating regulatory frameworks for competitive electricity markets. This paper examines some lesson which may be extracted from an analysis of the Least--Cost Planning experience in the USA and suggest how these lessons might prove beneficial in guiding Australia`s electricity industry reform. This analysis demonstrantes how market-based reforms may be flawed if they ignore the history of previous reform processes

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