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THE PERFORMANCE OF AN ELECTRICITY UTILITY: THE CASE OF THE STATE ELECTRICITY COMMISSION OF VICTORIA, 1925–93
Author(s) -
Abbott Malcolm
Publication year - 2006
Publication title -
australian economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.493
H-Index - 16
eISSN - 1467-8446
pISSN - 0004-8992
DOI - 10.1111/j.1467-8446.2006.00150.x
Subject(s) - electricity , commission , restructuring , electricity retailing , mains electricity , electricity market , electric power industry , productivity , business , debt , economics , natural resource economics , market economy , finance , engineering , macroeconomics , electrical engineering , voltage
One of the most important microeconomic policy reforms of the 1990s was the restructuring of the Australian electricity supply industry. This process was encouraged by the perception that the state‐owned electricity authorities performed poorly in the 1970s and 1980s. This article observes the long‐term performance of the State Electricity Commission of Victoria over the course of most of its life. In particular the growth in demand for electricity in Victoria, the productivity growth of the State Electricity Commission of Victoria, as well as electricity prices, profits and debt levels are presented over the longer term.