A critique of Wolak's evaluation of the NZ electricity market: Introduction and overview

Lewis Evans, Seamus Hogan and Peter Jackson

New Zealand Economic Papers, 2012, vol. 46, issue 1, 1-10

Abstract: This 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 NZ$4.3 billion 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 two papers that follow this introduction examine Wolak's methodology and its empirical application.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/00779954.2011.645223 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: A Critique of Wolak's Evaluation of the NZ Electricity Market: Introduction and Overview (2012)
Working Paper: A Critique of Wolak’s Evaluation of the NZ Electricity Market: Introduction and Overview (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:nzecpp:v:46:y:2012:i:1:p:1-10

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RNZP20

DOI: 10.1080/00779954.2011.645223

Access Statistics for this article

New Zealand Economic Papers is currently edited by Dennis Wesselbaum

More articles in New Zealand Economic Papers from Taylor & Francis Journals
Bibliographic data for series maintained by ().