Why "good faith" obligations exist in energy markets

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 what happens when prices get to the sort of levels that attract a lot of attention and what can be done about it. This week he explains where rules like our undesirable trading situation ("UTS") provisions come from.

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 goes further by playing out how this applies in court.

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.

The particular features of electricity markets in Australia and New Zealand

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. Greg was in New Zealand in March 2012, speaking at Downstream. I took the opportunity to invite him onto the blog and explore some of the topical issues in the New Zealand industry in 2012 from a trans-tasman perspective. They haven't aged ...

For the next couple of months we're going to have a look at some of the issues around market manipulation and market power. We start by setting some context with another Southern theme - that our electricity markets are of the purest sort.

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 explains why we didn't we have capacity payments in New Zealand and Australia back then (things have changed ...)