...and increasing. Not a great scorecard
I’m taking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in 2013. This is from a series of podcasts I recorded back then which remain relevant today as we ask questions again around electricity market reform.
Last week, Jim talked us through the reform process the US followed. This week he reflects on how successful it had been by 2006: not very by all accounts.
Topically enough, we’ve had another US Professor visiting us at the time and contrasting the evolution of our electricity market (including the Labour-Green NZ Power proposal) with those in the States. Next week Jim gets to the same territory. Surprisingly they’ve already been there.
Bushnell is the 2013 S T Lee visiting fellow at the New Zealand Institute for the Study of Competition and Regulation. Before joining UC Davis he spent 15 years as the director of research at the University of California Energy Institute in Berkeley.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?