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Jim Bushnell - If electricity liberalisation is so great, why does everybody hate it?


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A Californian perspective from someone who ought to know

This is the first of a podcast series I recorded back in 2013 on Energy News that I am now releasing. It remains relevant today as we embark on another review of the New Zealand electricity market.

Jim Bushnell is an Associate Professor at the University of California, Davis. He was in New Zealand in August 2013 as the ST Lee Visiting Fellow at the Institute for the Study of Competition and Regulation. He gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it? Topical stuff in the light of the Labour-Green Power NZ proposals, but the audience was about 100 of the usual suspects and I thought it deserved a wider airing.

Over the next few months we’ll retrace the journey from an American perspective – from why they liberalised electricity in California, to Enron and the recent cases of price manipulation against JP Morgan and others. Bushnell starts by explaining what motivated him to write the lecture – and it wasn’t Power NZ.

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Hancock's blogBy John Hancock