Greg Houston: Utility Death Spirals
Hancock's blog
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Greg Houston: Paradoxes of Pricing and Pole Crashing
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Greg Houston: The Building Block Model
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Greg Houston: Whatever you do, don't copy the Americans
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Greg Houston: Regulatory Economics at the Coal Face
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Jim Bushnell - Conduct provisions in electricity markets
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I’m talking to , an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation. Last week’s instalment was the last official episode in the series where Jim reflected on where the current stories about price manipulation in US power markets may end. While we were wrapping up, I asked Jim about conduct provisions – which Gasman asked about on my blog way back in August last year. This is what he said. Topically enough, it’s very close to where...
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Jim Bushnell - When it's ok for banks to rort power markets (again)
Hancock's blog
What JP Morgan did and what it says about US electric market design I’m talking to , an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation. Before the Christmas break, Jim explained why the current cases of price manipulation in US power markets aren’t Enron all over again. It’s all about the complex market design in the US, which internalises a plethora of externalities - and what happens when traders play there. This week he reflects on where...
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Enron 2 (again)
Hancock's blog
Jim Bushnell on the current cases of price manipulation in US power markets I’m talking to , an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand 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? Last week, Jim talked about how Enron made its money in California. This week, we go back to the current cases that the federal regulator in the US has brought against JP Morgan...
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Jim Bushnell - Enron's Californian Trading Strategies
Hancock's blog
Entertaining and fully disclosed - but less potent than market power I’m talking to , an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation. Last week, Jim explained what the 2001 Californian Power Crisis did for the political career of Arnold Schwarzenegger, amongst others. This week he talks specifically about how Enron made its money in California – the strategies are well disclosed but what they made was peanuts compared to some of the other...
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Jim Bushnell - Electricity and the career of Arnold Schwarzenegger
Hancock's blog
You can take the politics out of power but... I’m talking to , an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation. Last week, Jim talked about the counterintuitive blackouts in the 2001 Californian Power Crisis they saw – even when there was surplus generation capacity available. This week he explains what it did for some high-profile political careers, including that of Arnold Schwarzenegger. In August, Bushnell gave a lecture in...
info_outlineA story of many paths
This is the third 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.
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis, who was in New Zealand in 2013.
Last week, Jim looked back at the US electric industry before liberalisation and what was wrong with it. This week, he talks us through the reform process they followed. It was quite a bit more complex than in New Zealand!
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?