A critique of Wolak's evaluation of the NZ electricity market: The incentive to exercise market power with elastic demand and transmission loss

New Zealand Economic Papers

Volumn 46, Issue 1, 2012, Pages 11-23

  Hogan, Seamus ^a   Jackson, Peter ^a  

^a UNIVERSITY OF CANTERBURY   (New Zealand)

Author keywords

electricity markets; market power; Wolak Report

Indexed keywords

EID: 84859169890     PISSN: 00779954     EISSN: 19434863     Source Type: Journal    
DOI: 10.1080/00779954.2011.646671     Document Type: Article

References (6)

1. Electricity Technical Advisory Group. 2009. Improving electricity market performance. August Retrieved fromhttp://www.med.govt.nz/upload/69725/volume1.pdf
2. Evans, L. and Guthrie, G. An examination of Professor Wolak's model of market power and of its application to the New Zealand Electricity market. New Zealand Economic Papers. doi 10.1080/00779954.2011.647504
3. Evans, L., Hogan, S. and Jackson, P. A critique of Wolak's evaluation of the NZ electricity market: Introduction and overview. New Zealand Economic Papers. doi 10.1080/00779954.2011.645223.
4. Evans, L. and Meade, R. 2005. Alternating currents or counter-revolution: Contemporary electricity reform in New Zealand, Victoria University Press.
5. State-Owned Enterprises Act 1986. Retrieved fromhttp://www.legislation.govt.nz/act/public/1986/0124/latest/whole.html
6. Wolak, F. 2009. An assessment of the performance of the New Zealand wholesale electricity market. Report for the Commerce Commission Retrieved athttp://www.comcom.govt.nz/investigation-reports/