If the regulatory regime is really deterring investment then the data should surely demonstrate investment lagging in both the gas and electricity transmission sectors. In fact, the opposite is the case - both gas and electricity transmission are recording unprecedented levels of capital expenditure under the regulatory regime and those who do make these investments are out performing other sectors of the economy.
Where the Australian energy sector is heading speech ( PDF 122.19 KB )
Date
Speakers
Mr Ed Willett, Commissioner
Conference
2005 Energy SummitSydney