The Epic case has been important in providing the first judicial interpretation of the access pricing provisions of the Gas Code and hence of terms that are common to the main regulated access regimes in Australia
Definition of 'Energy"
Energy is a fundamental quantity that every physical system possesses; it allows us to predict how much work the system could be made to do, or how much heat it can produce or absorb. In the past, energy was discussed in terms of easily observable effects it has on the properties of objects or changes in state of various systems. Basically, if something changes, some sort of energy was involved in that change.
Epic in Retrospect and Prospect
Posted in:
Energy
Price caps and rate of return regulation
Posted in:
Energy
This paper considers the difference between two types of regulation as they affect the regulated firm. Using the electricity distribution industry in Victoria as a case study, we discuss the impact of the periodic resetting of regime parameters which is a standard feature of price cap regimes.
