Most firms face regulation of some form, while some industries are subject to explicit economic regulation. These latter industries include ‘utility’ industries such as energy, water and telecommunications and media as well as the transport, financial services and natural resources (forestry, fisheries) sectors.
The nature and form of regulation of these firms must be taken into account in developing firms’ strategies and it is vital for utility industries to proactively respond to the regulatory process in order to protect its commercial interests. Frontier’s expertise allows it to help corporate clients to shape their strategy by providing rigorous economic thinking and a creative external perspective.
For regulators and governments, the design and application of regulation ideally create incentives for companies to act in an economically and socially desirable manner. Frontier is experienced in designing policy and regulatory rules to create the ‘right’ incentives.
Internationally and in Australia Frontier has an outstanding reputation in the field of regulatory economics – we have advised governments, regulators and companies around the world. Within Australia our active roles in major utility sector reforms in Australia and our ongoing advisory work have both shaped regulatory policy and assisted in its application.
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