Light handed regulation–Can it play a role in the developing world?

Arblaster, Margaret; Hooper, Paul

doi:10.1016/j.tranpol.2015.05.014

Cited by 8 publications

(3 citation statements)

References 12 publications

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“…The Australian air transport market is subject to an LHR framework (Adler et al, 2015), which "...places no immediate constraints on aeronautical charges but monitors prices intending to 'taking action' if prices are judged to be too high" (Gillen, 2011, p.9). This means that the airport operators and airlines negotiate prices in the form of commercial relationships (e.g., major infrastructure developments, service improvements, airport charges) without the intervention of a regulator M A N U S C R I P T A C C E P T E D ACCEPTED MANUSCRIPT (Arblaster & Hooper, 2015;Lohmann & Trischler, 2017). The intention of the Australian Government is to keep administrative costs low while facilitating an environment that allows good economic outcomes (Arblaster, 2014).…”

Section: Background Of the Australian Airport Regulationmentioning

confidence: 99%

Passenger representation within the light-handed regulation – Insights from the Australian air transport market

2018

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Section: Background Of the Australian Airport Regulationmentioning

confidence: 99%

Passenger representation within the light-handed regulation – Insights from the Australian air transport market

2018

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“…Kazakhstan's "thermal" power plants, especially the largest -Ekibastuz GRES-1, Ekibastuz GRES-2, Aksu GRES and Zhambyl GRES -are mainly coal fired. It forms the basis of the unified power grid of Kazakhstan and provides communication between different regions and with the electric power systems of neighboring countries, including the transmission of electricity between power plants and consumers in the wholesale market (Dahl and Kuralbayeva 2020;Arblaster and Hooper 2018).…”

Section: Introductionmentioning

confidence: 99%

Questions of cost and pricing in the conditions of the functioning of the electricity market of Kazakhstan

Sadykova¹,

Zhakupov²,

Baymukhanov³

et al. 2022

Polityka Energetyczna – Energy Policy Journal

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nomic activities. Despite the increase in energy efficiency, the global electricity demand increased by 115% between 1990 and 2020, which is significantly higher than the population growth rate over the same period. This trend will undoubtedly continue conditioned upon economic growth, increased access and the electrification of end users. The assessment of electricity generation technologies from the point of view of well-being requires the use of the full cost method, which includes all applicable external costs, risks and benefits to determine the low-carbon energy balance, which in the Republic of Kazakhstan, is compatible with sustainable development. This assessment clearly needs to go beyond the plant level to consider the network infrastructure and demand to get a holistic view of the social costs of electricity. The practical significance lies in the analysis of cost and pricing in the conditions of the functioning of the electricity market of Kazakhstan.

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“…A light-handed regime (LHR) is a regulatory scheme that "... places no immediate constraints on aeronautical charges but monitors prices intending to 'taking action' if prices are judged to be too high" (Gillen, 2011, p.9). The regulator does not determine aeronautical charges up-front; instead, airports and airlines negotiate and agree on contracts to govern their commercial relationships (Arblaster and Hooper, 2015). The aim of this regulatory change was to minimise compliance costs for airport operators and the Government and encourage airports to undertake required aeronautical infrastructure investments that ensure economically efficiency (Productivity Commission, 2002).…”

Section: Introductionmentioning

confidence: 99%

Licence to build, licence to charge? Market power, pricing and the financing of airport infrastructure development in Australia

Lohmann

Trischler

2017

Transport Policy

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In 2017, airport privatisation in Australia reached a 20-year milestone, with its regulatory framework been shifted to a light-handed regulation in 2002. The light-handed regulation (LHR), as in place at Australia's top four airports, has been suggested as the 'frontier of international policy', leading to increasing interest among transport policymakers and researchers. This article offers an in-depth examination of the LHR with focus on a) the market-power of the regulated airports, b) the commercial price negotiations between airports and airlines, and c) the airports' behaviour towards infrastructure investment. The article reports on data from 21 semi-structured interviews conducted with key stakeholder groups affected by, or with expertise in, the LHR. Findings suggest that despite airports possessing significant market power, particularly in the domestic market, the light-handed approach seems to balance the forces in a market where an airline duopoly prevails (Qantas and Virgin Australia groups). In addition, both airports and airlines perceive that commercial price negotiations are improving and refrain from a return to a stronger regulation environment. For airlines, value-for-money is the primary concern in new infrastructure investments. Interviewees also outlined specific recommendations for improving the LHR framework, including a more accessible arbitrator and improved methodologies to monitor prices and quality of service. The findings point towards the significance of vertical relationships, long-term arrangements, and transparency as key aspects of the LHR and the development of airport infrastructure.

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Light handed regulation–Can it play a role in the developing world?

Cited by 8 publications

References 12 publications

Passenger representation within the light-handed regulation – Insights from the Australian air transport market

Passenger representation within the light-handed regulation – Insights from the Australian air transport market

Questions of cost and pricing in the conditions of the functioning of the electricity market of Kazakhstan

Licence to build, licence to charge? Market power, pricing and the financing of airport infrastructure development in Australia

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