Switching on water

Lewis Evans

No 375500, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: One of the key themes in ISCR's new publication Alternating Currents or Counter-Revolution? Contemporary Electricity Reform in New Zealand is that the driving forces of New Zealand's electricity sector in the last 15 years have been little different from those of the preceding 80 years: politics, special interest groups, and water. Developing this, co-author Lew Evans argues that the physics, economics and politics of electricity share one common feature: their sensitivity to hydrology. Electricity prices set in New Zealand's wholesale electricity market provide real-time forecasts of what future rainfall is worth - but not all electricity customers value this information equally. And there are lessons here for managing water more generally.

Date: 2006-03-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:375500

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