A Critique of Wolak’s Evaluation of the NZ Electricity Market: Introduction and Overview

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dc.contributor.authorEvans, L.
dc.contributor.authorHogan, S.
dc.contributor.authorJackson, P.
dc.date.accessioned2011-09-05T21:22:15Z
dc.date.available2011-09-05T21:22:15Z
dc.date.issued2011en
dc.descriptionRePEc Working Paper Series: No. 08/2011en
dc.description.abstractThis paper is the first in a symposium of papers that examine the 2009 report by Frank Wolak into the New Zealand electricity market. The Wolak report concluded that there had been a cumulative total of $4.3b (NZD) of overcharging in the New Zealand wholesale market over a period of seven years. In this paper, we introduce the Wolak findings in the context of the salient features of the New Zealand market, and explain that this headline figure is highly sensitive to some (quite unrealistic) assumptions about the structure of this market. The papers that follow this introduction (Hogan and Jackson, 2011, and Evans and Guthrie, 2011) examine Wolak’s methodology and its empirical application.en
dc.identifier.citationEvans, L., Hogan, S., Jackson, P. (2011) A Critique of Wolak’s Evaluation of the NZ Electricity Market: Introduction and Overview. Department of Economics and Finance. 19pp..en
dc.identifier.urihttp://hdl.handle.net/10092/5406
dc.language.isoen
dc.publisherCollege of Business and Economicsen
dc.publisherUniversity of Canterbury. Department of Economics and Financeen
dc.publisherUniversity of Canterbury. Managementen
dc.rights.urihttps://hdl.handle.net/10092/17651en
dc.subjectWolak Reporten
dc.subjectelectricity marketsen
dc.subjectmarket poweren
dc.subject.anzsrcField of Research::14 - Economics::1402 - Applied Economicsen
dc.titleA Critique of Wolak’s Evaluation of the NZ Electricity Market: Introduction and Overviewen
dc.typeDiscussion / Working Papers
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