When prices get to levels that attract a lot of attention …

I've just finished a 6-part series as an introduction to the University of Canterbury's new short course on Navigating Regulatory Economics with a lecture that Greg Houston gave at the University last November to launch the course.

I mentioned that I had him on the podcast 14 years ago. I enjoyed it so much I thought we should run it again. Even though he lives in Sydney, he's a kiwi - and remains active in the industry here as well as in Australia and around the world, so he's well positioned to reflect on things here.

Last week he discussed whether you need capacity payments in energy markets. This week he talks about what happens when prices get to the sort of levels that attract a lot of attention and what can be done about it.

Rings a bell, eh? Some topics never get old.

If you want to hear more from Greg, he's a featured expert in the Navigating Regulatory Economics short online course from the University of Canterbury.

To resolve this, next week Greg talks about good faith trading obligations.