Home' Future Building Australian Infrastructure Review : Volume 5 Number 1 Contents 54 futurebuilding Volume 5 Number 1
Dr Peter Boxall AO
Dr Peter Boxall AO,
Chairman of the
outlines the current
and private urban
• Australia's urban water sector remains largely unreformed.
• While water is different to electricity, much can be learned from the principles that guided
the restructure of state electricity sectors.
• Effective regulation is the key to competition in water.
• Existing competitive frameworks have achieved only limited success, because of inconsistent
obligations and opportunities between incumbent government monopoly providers, and
potential new entrants.
My discussion today will focus on urban water,
primarily with New South Wales in focus, but I trust
that the principles are applicable elsewhere.
I'd like to talk about getting the regulatory
structure right so that the private sector wants to
invest in infrastructure and wants to enter the market.
Competition is important because it basically
gives rise to much better outcomes for markets striving
to deliver the best deal for customers, in terms of
higher productivity, greater innovation, wider choice
of products and services, and lower prices.
Indeed, in the case of IPART, we regulate water
prices in New South Wales and we try as best we
can to achieve an outcome, which would be the
case if it were a private market. But that, in a sense,
is not a good substitute for getting more competition
into the industry.
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