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The Hunter Valley Access Undertaking: elements of a negotiated settlement

Author

Listed:
  • Stephen Bordignon

    (Transport & General Prices Oversight Branch, ACCC)

  • Stephen Littlechild

    (University of Birmingham, Judge Business School, University of Cambridge)

Abstract

Is Australian transport regulation ready for negotiated access undertakings? On 29 June 2011 the Australian Competition and Consumer Commission (ACCC) accepted an access undertaking from Australian Rail Track Corporation (ARTC) in relation to the Hunter Valley rail network. The ACCC encouraged ARTC and its users (principally coal producers) to discuss and negotiate the detail of the undertaking. At the final stage the parties were able to resolve their differences and put an agreed undertaking to the ACCC. Compared to the undertaking that the ACCC would likely otherwise have accepted, this agreement was for a shorter term and embodied other provisions preferred by the users, in return for a higher rate of return requested by ARTC. The paper discusses the nature and lessons of this experience.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Stephen Bordignon & Stephen Littlechild, 2012. "The Hunter Valley Access Undertaking: elements of a negotiated settlement," Working Papers EPRG 1206, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
  • Handle: RePEc:enp:wpaper:eprg1206
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    Citations

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    Cited by:

    1. Martin Savelsbergh & Masoud Talebian, 2019. "Cost allocation under competition: a new rail access charging policy," EURO Journal on Transportation and Logistics, Springer;EURO - The Association of European Operational Research Societies, vol. 8(5), pages 511-534, December.
    2. Littlechild, Stephen, 2018. "Regulation and the nature of competition," Journal of Air Transport Management, Elsevier, vol. 67(C), pages 211-223.
    3. Talebian, Masoud & Savelsbergh, Martin & Moffiet, Chad, 2016. "A new rail access charging policy: Hunter Valley coal chain case study," Transport Policy, Elsevier, vol. 46(C), pages 101-108.
    4. Littlechild, Stephen, 2012. "The process of negotiating settlements at FERC," Energy Policy, Elsevier, vol. 50(C), pages 174-191.
    5. Biggar, Darryl, 2022. "Seven outstanding issues in energy network regulation," Energy Economics, Elsevier, vol. 115(C).
    6. Chakravorty, Shourjo, 2015. "A study of the negotiated-settlement practice in regulation: Some evidence from Florida," Utilities Policy, Elsevier, vol. 32(C), pages 12-18.

    More about this item

    Keywords

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    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General

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