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The Fiscal Impact of the Privatisation of the Victorian Electricity Industry

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  • John Quiggin

Abstract

This paper is an analysis of the fiscal effects of the privatisation of the Victorian electricity industry. Privatisation is found to be approximately neutral in its effect on the net worth of the Victorian public sector. The buyers of electricity assets lost money, apparently because they anticipated more favourable regulatory treatment than they actually received. Electricity prices were increase prior to privatisation, and are still higher than those in states where the electricity industry has remained in public ownership, but consumers were not directly affected by privatisation as such. There were reductions in employment both before and after privatisation.

Suggested Citation

  • John Quiggin, 2002. "The Fiscal Impact of the Privatisation of the Victorian Electricity Industry," The Economic and Labour Relations Review, , vol. 13(2), pages 326-339, December.
    • Handle: RePEc:sae:ecolab:v:13:y:2002:i:2:p:326-339
    DOI: 10.1177/103530460201300209
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    References listed on IDEAS

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    1. John Quiggin, 1995. "Does Privatisation Pay?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(2), pages 23-42, April.
    2. Stephen King & Rohan Pitchford, 1998. "Privatisation in Australia: Understanding the Incentives in Public and Private Firms," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 31(4), pages 313-328, December.
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    Cited by:

    1. Lynne Chester, 2015. "The privatisation of Australian electricity: Claims, myths and facts," The Economic and Labour Relations Review, , vol. 26(2), pages 218-240, June.

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