What the High Court's 2012 decision was all about

I've just finished a 6-part series as an introduction to the University of Canterbury's new short course on Navigating Regulatory Economics with a lecture that Greg Houston gave at the University last November to launch the course.

I mentioned that I had him on the podcast 14 years ago. I enjoyed it so much I thought we should run it again. Even though he lives in Sydney, he's a kiwi - and remains active in the industry here as well as in Australia and around the world, so he's well positioned to reflect on things here.

Last week he explained where rules like our undesirable trading situation ("UTS") provisions come from. This week he tiptoes through the policy issues around good faith bidding by explaining how they relate to the NZ High Court's decision about the March 2011 UTS claim in New Zealand. Well it was topical at the time …

If you want to hear more from Greg, he's a featured expert in the Navigating Regulatory Economics short online course from the University of Canterbury.

Next week Greg turns his lens to market power in generation – ring any bells?