How you can tell if you have a problem

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 explained how the policy issues around good faith bidding by explaining relate to the NZ High Court's decision about the March 2011 UTS claim in New Zealand. This week Greg links the UTS debate to the broader question of how you'd know if a generator has market power, drawing on his some work for the Australian Energy Market Commission back then. It's so long ago the hyperlink is broken …

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.

Next week Greg asks how long you can exercise market power for before people care.