Hancock's blog: Recent Episodes
John Hancock
John Hancock is a New Zealand-based consultant who specialises in technology, market reform and incentive regulation in the energy & utilities sector.
He has been writing a weekly blog in www.energynews.co.nz since August 2008 including audio interviews with some luminaries of energy market design. We're releasing new episodes through this feed and highlights of the back catologue. If you'd like to try a subscription to Energy News email matt.freeman@freemanmedia.co.nz with the header Podcast.
Greg, who's a kiwi but lives in Australia, on how we look from over there
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.
We've looked at several issues over the last couple of months that were topical then and still are today - from market manipulation and market power to the policy problems caused by unforeseen events when prices are regulated. Last week he considered whether recent Australian experience has anything to teach us about how to solve those problems. In this, the final interview in the series, Greg reflects on NZ's approach to economic regulation and market design and how it compares internationally.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.
New topic next week – will be just as topical but new!
Australia may not have earthquakes but has its response to other natural disasters got anything to teach us?
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 asked how we should cope with unforeseen events when prices are regulated. This week he considers whether recent Australian experience has anything to teach us about how to solve those problems. The first time I wrote about Moral Hazard on the blog was in 2009 where I quoted Pulitzer Prize winner and Wall St Journal columnist Daniel Henninger's marvellous:
Moral Hazard. It sounds like the name of a failed town in a Clint Eastwood western. We all live there now.
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's the last in this series: how we look from the other side of the ditch.
The problems of regulating for unforeseen events
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 looked at how you actually go about defining a market for generation. This week he looks at the policy problems around what was, post-Christchurch earthquakes, another topical issue in NZ (and still is, really) - how you cope with unforeseen events when prices are regulated.
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.
Moral hazard next week. It's not the first time I've had that on the blog.
How to define "energy market" when you're looking for market
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 the policy distinction between temporary and enduring market power. This week he looks at how you actually go about defining a market for generation - and it's not as easy as it sounds.
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 we jump topics. Greg looks at the problems around paying for unforeseen events in regulated industries.
A test for market power
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 linked the UTS debate to the broader question of how you'd know if a generator has market power. This week he explains the policy distinction between temporary and enduring market power and how you'd tell the difference.
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 asks when a market isn't a market.
How you can tell if you have a problem
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 how the policy issues around good faith bidding by explaining relate to the NZ High Court's decision about the March 2011 UTS claim in New Zealand. This week Greg links the UTS debate to the broader question of how you'd know if a generator has market power, drawing on his some work for the Australian Energy Market Commission back then. It's so long ago the hyperlink is broken …
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 asks how long you can exercise market power for before people care.
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?
Why "good faith" obligations exist in energy markets
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 discussed what happens when prices get to the sort of levels that attract a lot of attention and what can be done about it. This week he explains where rules like our undesirable trading situation ("UTS") provisions come from.
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 goes further by playing out how this applies in court.
When prices get to levels that attract a lot of attention …
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 discussed whether you need capacity payments in energy markets. This week he talks about what happens when prices get to the sort of levels that attract a lot of attention and what can be done about it.
Rings a bell, eh? Some topics never get old.
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.
To resolve this, next week Greg talks about good faith trading obligations.
The particular features of electricity markets in Australia and New Zealand
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. Greg was in New Zealand in March 2012, speaking at Downstream. I took the opportunity to invite him onto the blog and explore some of the topical issues in the New Zealand industry in 2012 from a trans-tasman perspective. They haven't aged ...
For the next couple of months we're going to have a look at some of the issues around market manipulation and market power. We start by setting some context with another Southern theme - that our electricity markets are of the purest sort.
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 explains why we didn't we have capacity payments in New Zealand and Australia back then (things have changed ...)
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation.
Last week’s instalment was the last official episode in the series where Jim reflected on where the current stories about price manipulation in US power markets may end. While we were wrapping up, I asked Jim about conduct provisions – which Gasman asked about on my blog way back in August last year. This is what he said. Topically enough, it’s very close to where the Wholesale Advisory Group got to in its review of Pivotal Pricing.
What JP Morgan did and what it says about US electric market design
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation.
Before the Christmas break, Jim explained why the current cases of price manipulation in US power markets aren’t Enron all over again. It’s all about the complex market design in the US, which internalises a plethora of externalities - and what happens when traders play there. This week he reflects on where the story may end.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
Jim Bushnell on the current cases of price manipulation in US power markets
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation. He gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
Last week, Jim talked about how Enron made its money in California. This week, we go back to the current cases that the federal regulator in the US has brought against JP Morgan and others for price manipulation in US power markets and Jim explains why it isn’t Enron all over again. It’s pretty complicated but that’s part of the problem.
Entertaining and fully disclosed - but less potent than market power
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation.
Last week, Jim explained what the 2001 Californian Power Crisis did for the political career of Arnold Schwarzenegger, amongst others. This week he talks specifically about how Enron made its money in California – the strategies are well disclosed but what they made was peanuts compared to some of the other players!
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
You can take the politics out of power but...
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation.
Last week, Jim talked about the counterintuitive blackouts in the 2001 Californian Power Crisis they saw – even when there was surplus generation capacity available. This week he explains what it did for some high-profile political careers, including that of Arnold Schwarzenegger.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
How the Californian Power Crisis went from financial to physical
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S. T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation.
Last week, Jim started to explain what actually happened in the 2001 Californian electricity crisis. This week he talks about the counterintuitive blackouts they saw – even when there was surplus generation capacity available.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
Bad market design or maverick trading?
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S. T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation.
Last week, Jim gave us his perspective on the California electricity crisis and Enron’s role in it. He doesn’t think they were the real problem. This week he starts to explain what was.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
What an expert thinks
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation.
Last week, Jim explained the problems that Single Buyer proposals faced in the US 10 years ago – useful input to the debate over NZ Power. This week I get to talk about Enron again: Jim lives in California and was there when they were – he gives us his perspectives.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?.
Not again?
I’m taking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in 2013. This is from a series of podcasts I recorded back then which remain relevant today as we ask questions again around electricity market reform.
Last week, I asked Jim about the Labour-Green Power NZ proposals – it rang a few bells. This week he explains the problems that similar proposals faced in the US 10 years ago.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?.
Surprisingly familiar
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in 2013. This is from a series of podcasts I recorded back then which remain relevant today as we ask questions again around electricity market reform.
Last week, Jim talked us through the reform process the US followed and reflected on the results in 2006: higher prices in the states that had deregulated. This week I ask him about the Labour-Green NZ Power proposals – it rang a few bells.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
...and increasing. Not a great scorecard
I’m taking to Jim Bushnell, an Associate Professor at the University of California, Davis – who was in New Zealand in 2013. This is from a series of podcasts I recorded back then which remain relevant today as we ask questions again around electricity market reform.
Last week, Jim talked us through the reform process the US followed. This week he reflects on how successful it had been by 2006: not very by all accounts.
Topically enough, we’ve had another US Professor visiting us at the time and contrasting the evolution of our electricity market (including the Labour-Green NZ Power proposal) with those in the States. Next week Jim gets to the same territory. Surprisingly they’ve already been there.
Bushnell is the 2013 S T Lee visiting fellow at the New Zealand Institute for the Study of Competition and Regulation. Before joining UC Davis he spent 15 years as the director of research at the University of California Energy Institute in Berkeley.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
A story of many paths
This is the third of a podcast series I recorded back in 2013 on Energy News that I am now releasing. It remains relevant today as we embark on another review of the New Zealand electricity market.
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis, who was in New Zealand in 2013.
Last week, Jim looked back at the US electric industry before liberalisation and what was wrong with it. This week, he talks us through the reform process they followed. It was quite a bit more complex than in New Zealand!
Bushnell is the 2013 S T Lee visiting fellow at the New Zealand Institute for the Study of Competition and Regulation. Before joining UC Davis he spent 15 years as the director of research at the University of California Energy Institute in Berkeley.
In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it?
I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis. I'm releasing a podcast series recorded back in 2013 that is still very relevant today as we explore market reform in New Zealand.
Last week, Jim explained what motivated him to write the lecture he gave in Wellington in 2013 - If Electricity Liberalisation is So Great, why does everybody hate it?
This week, he looks back at the US electric industry before liberalisation, what was wrong with it, and who pushed for change.
A Californian perspective from someone who ought to know
This is the first of a podcast series I recorded back in 2013 on Energy News that I am now releasing. It remains relevant today as we embark on another review of the New Zealand electricity market.
Jim Bushnell is an Associate Professor at the University of California, Davis. He was in New Zealand in August 2013 as the ST Lee Visiting Fellow at the Institute for the Study of Competition and Regulation. He gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it? Topical stuff in the light of the Labour-Green Power NZ proposals, but the audience was about 100 of the usual suspects and I thought it deserved a wider airing.
Over the next few months we’ll retrace the journey from an American perspective – from why they liberalised electricity in California, to Enron and the recent cases of price manipulation against JP Morgan and others. Bushnell starts by explaining what motivated him to write the lecture – and it wasn’t Power NZ.
Might need to take a few risks?
For the past few weeks, Sophie has been talking to Deanna Anderson who’s the Kaitohu of the Energy Academy which is working to grow our talent pool in support of a sustainable energy system.
Last week Deanna’s challenge was that our working environment was designed by men to enhance the productivity, well, of men – and whether that’s going to be ok?
This week, John throws the challenge of showing us what good looks like back to her …
Or will we attract and retain our future workforce as it is?
For the next few weeks, Sophie is talking to Deanna Anderson who’s the Kaitohu of the Energy Academy which is working to grow our talent pool in support of a sustainable energy system.
Last week Deanna and Sophie talked about the importance of reverse mentoring where younger workers may need to coach those who’ve been in the workforce for a while and how technology could change the way we pursue and manage productivity.
This week, Deanna’s challenge is that our working environment was designed by men to enhance the productivity, well, of men – and whether that’s going to be ok?
Who’s coaching who in the future?
For the next few weeks, Sophie is talking to Deanna Anderson who’s the Kaitohu of the Energy Academy which is working to grow our talent pool in support of a sustainable energy system.
Last week Deanna considered who our future role models might need to be and the need to be kind to those who find themselves leading organisations that look pretty different from the ones they started their careers in.
This week she and Sophie talk about the importance of reverse mentoring where younger workers may need to coach those who’ve been in the workforce for a while and how technology could change the way we pursue and manage productivity.
How old and new workforces can play nicely
For the next few weeks, Sophie is talking to Deanna Anderson who’s the Kaitohu of the Energy Academy which is working to grow our talent pool in support of a sustainable energy system.
Last week Deanna talked about some of the pioneering work the Energy Academy has done with storytelling and gamifying energy education.
This week she flips to the other end of the workforce and considers who our future role models might need to be and the need to be kind to those who find themselves leading organisations that look pretty different from the ones they started their careers in.
Book keeping and engineering or gaming and digital literacy?
For the next few weeks, Sophie is talking to Deanna Anderson who’s the Kaitohu of the Energy Academy which is working to grow our talent pool in support of a sustainable energy system.
Last week they explored what collaboration for innovation really involves.
This week Deanna talks about some of the pioneering work the Energy Academy has done with storytelling and gamifying energy education – with a twist of Mātauranga Māori!
For the next few weeks, Sophie is talking to Deanna Anderson, the Kaitohu of the Energy Academy which is working to grow our talent pool in support of a sustainable energy system.
Last week they talked about the legacy learning and development institutions in the sector and whether they’re really appropriate for the needs of our future workforce.
This week they explore what collaboration for innovation really involves. Deanna’s quite good at forcing the conversation beyond the superficial.
Introducing the Energy Academy
For the next few weeks, Sophie is talking to Deanna Anderson who’s the Kaitohu of the Energy Academy which is working to grow our talent pool in support of a sustainable energy system.
They start by talking about the legacy learning and development institutions in the sector and whether they’re really appropriate for the needs of our future workforce.
Keeping it appealing to everyone
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition. Sophie Burgess “the Accidental Energy Professional” is joining me on the journey.
For the next few weeks, we’re talking to Shelley Pearce who’s the Director of Engineering NZ’s rather wonderful Wonder Project, their free programme for schools, designed to get young Kiwis excited about science, technology, engineering and maths (STEM).
This week Sophie and Shelley talk about what Engineering NZ is doing to get non-traditional talent into the profession.
If you’re interested in being an Ambassador for the next round of the Wonder Project which starts in Term 2 2024, you can sign up here or follow the links above.
You don’t have to be a graduate
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition. Sophie Burgess “the Accidental Energy Professional” is joining me on the journey.
For the next few weeks, we’re talking to Shelley Pearce who’s the Director of Engineering NZ’s rather wonderful Wonder Project, their free programme for schools, designed to get young Kiwis excited about science, technology, engineering and maths (STEM).
This week Sophie and Shelley look beyond primary/intermediate at the pathways to get all sorts of talented people into the sector, not just graduates.
If you’re interested in being an Ambassador for the next round of the Wonder Project which starts in Term 2 2024, you can sign up here or follow the links above.
Transpower’s gift to industry diplomacy
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition. Sophie Burgess “the Accidental Energy Professional” is joining me on the journey.
For the next few weeks, we’re talking to Shelley Pearce who’s the Director of Engineering NZ’s rather wonderful Wonder Project, their free programme for schools, designed to get young Kiwis excited about science, technology, engineering and maths (STEM).
Talking about the Power Challenge where year 7 & 8 students design and build a wind turbine and light up their own mini town, we learn about Transpower’s role in making the project happen and the hundreds of STEM professionals who are inspiring tamariki around the country as Wonder Project Ambassadors.
If you’re interested in being an Ambassador for the next round of the Wonder Project which starts in Term 2 2024, you can sign up here or follow the links above.
More fun than you can imagine
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition. Sophie Burgess “the Accidental Energy Professional” is joining me on the journey.
For the next few weeks, we’re talking to Shelley Pearce who’s the Director of Engineering NZ’s rather wonderful Wonder Project, their free programme for schools, designed to get young Kiwis excited about science, technology, engineering and maths (STEM).
This week, we get onto term 3’s project: the Power Challenge where year 7 & 8 students design and build a wind turbine and light up their own mini town. Shelley tells us a bit more about the project and how to get involved.
If you’re interested in being an Ambassador for the next round of the Wonder Project which starts in Term 2 2024, you can sign up here or follow the links above.
The Wonder Project
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition. Sophie Burgess “the Accidental Energy Professional” is joining me on the journey.
For the next few weeks, we’re talking to Shelley Pearce who’s the Director of Engineering NZ’s rather wonderful Wonder Project, their free programme for schools, designed to get young Kiwis excited about science, technology, engineering and maths (STEM).
This week, Shelley talks us through the teaching philosophy behind the programme, and how they designed and developed the resources in it to show our tamariki how much fun a career in STEM could be.
If you’re interested in being an Ambassador for the next round of the Wonder Project which starts in Term 2 2024, you can sign up here or follow the links above.
Having fun teaching STEM to years 7 & 8
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition. Sophie Burgess “the Accidental Energy Professional” is joining me on the journey.
For the next few weeks, we’re talking to Shelley Pearce who’s the Director of Engineering NZ’s rather wonderful Wonder Project, their free programme for schools, designed to get young Kiwis excited about science, technology, engineering and maths (STEM).
To get us started, Shelley explains what Engineering NZ is and, more excitingly, how the Wonder Project fits in to what they’re up to. The first thing they did in it was a Rocket Challenge!
If you’re interested in being an Ambassador for the next round of the Wonder Project which starts in Term 2 2024, you can sign up here or follow the links above.
Sponsorship and shoulder tapping
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition.
I’ve recruited some help to get me started: for the next few weeks, Sophie Burgess “the Accidental Energy Professional” and Esther Tomkinson who’s the co-Chair of the Young Energy Professionals Network will be joining me as we start the journey.
This week they talk about the role that older, more established industry participants can play in advancing diversity and inclusion in the sector.
Diverse routes to new perspectives
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition.
I’ve recruited some help to get me started: for the next few weeks, Sophie Burgess “the Accidental Energy Professional” and Esther Tomkinson who’s the co-Chair of the Young Energy Professionals Network will be joining me as we start the journey.
This week they explore how diverse perspectives can be the source of valuable innovation and the role that might play in our future.
It could be anyone with less than 15 years experience in the sector!
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition.
I’ve recruited some help to get me started: for the next few weeks, Sophie Burgess “the Accidental Energy Professional” and Esther Tomkinson who’s the co-Chair of the Young Energy Professionals Network will be joining me as we start the journey.
This week they reflect on what a healthy sort of diversity in the sector might look like and share a few hopes for the future.
More common than you’d think
So after 15 years cranking out my blog and podcast for Energy News, I’ve decided to use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition.
I’ve recruited some help to get me started: for the next few weeks, Sophie Burgess “the Accidental Energy Professional” and Esther Tomkinson who’s the co-Chair of the Young Energy Professionals Network will be joining me as we start the journey.
This week we get to know them both and the non-linear paths that they followed into the sector – which may provide a few clues about where we’re going to find the talent we’ll need to manage the challenges of the next decade.
Time to move over
So after 15 years cranking out my blog and podcast for Energy News, I’ve been wondering what to do next – most of the themes I’ve been following have played out and are quite mainstream these days: digital disruption, democratisation, exponential technologies, decarbonisation and market reform.
But I’ve a lot of loyal readers and listeners on the platform and it seems a bit daft just to pull up stumps and head off into the sunset. Talking it out, I’ve been encouraged to think that I can use the platform to host some new voices and unconventional perspectives to shed some light on how we’re going to manage the energy transition.
So I’ve recruited some help to get me started: for the next few weeks, Sophie Burgess “the Accidental Energy Professional” and Esther Tomkinson who’s the co-Chair of the Young Energy Professionals Network will be joining me as we start the journey.
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy.
She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all local or community owned renewable energy initiatives in New Zealand that covers everything from consumer trust-owned networks to community and Iwi-owned renewable energy and energy efficiency projects.
Wrapping up our three-month exploration of community energy, I ask Anna to get her crystal ball out and tell us what we can expect to see next.
She’s not too optimistic. Unusually I am …
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy. She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all NZ local or community owned renewable energy initiatives. Anna’s explained how New Zealand’s not doing so well where other countries are.
This week I ask her what’s missing in our market.
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy. She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all NZ local or community owned renewable energy initiatives. So NZ’s not too flash at community energy development – who is? We know about the Scandinavians and the Scots, but it turns out there are a few real surprises …
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy.
She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all NZ local or community owned renewable energy initiatives.
It took eight weeks to get clear about what we’re discussing, but now we’re into it and how NZ’s doing. Not great, unfortunately.
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy.
She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all NZ local or community owned renewable energy initiatives.
My third sceptical challenge to Anna was whether community energy projects were inefficient because they’re subscale. She says this might have been true once but maybe not anymore.
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy. She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all NZ local or community owned renewable energy initiatives. My second sceptical challenge to Anna was the effectiveness of community energy subsidies. They aren’t always effective. But she tells us they can be – and that’s important.
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy.
She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all NZ local or community owned renewable energy initiatives.
This week we talk about how to simplify and de-risk community energy initiatives by sharing the experiences of early projects. Turns out that it’s not as easy as I’d thought.
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy.
She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all NZ local or community-owned renewable energy initiatives in New Zealand.
Before talking about what’s going on in NZ and overseas, I challenged Anna about whether community projects are really capable of complex project management.
We’re talking to Anna Berka, a Massey University lecturer with an interest in community energy.
She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, a register of all NZ local or community owned renewable energy initiatives.
I thought I’d see if I understood the links with economic development and capital formation – and just as well I checked.
We’re talking to Anna Berka, a Massey University lecturer with an interest in Community Energy. She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset, is a register of all the country's local or community owned renewable energy initiatives, covering everything from consumer trust owned networks to community and Iwi-owned renewable energy and energy efficiency projects.
To help ensure we understand what “community energy” is, I tried to clarify a bunch of things that I didn’t think qualified. It turns out I’m not the expert I thought I was.
Well, I learned quite a bit here
We’re talking to Anna Berka, a Massey University lecturer with an interest in Community Energy.
Anna’s been studying and supporting the development of NZ community energy for many years.
Before we got stuck in, I thought I’d better check I actually understand what “community energy” is. Turns out that I didn’t.
My guest Anna Berka has been studying and supporting the development of NZ community energy for many years.
She was responsible for the incredible New Zealand Aotearoa Community Energy Dataset - a register of all NZ local or community owned renewable energy initiatives – covering everything from consumer trust-owned networks to community- and Iwi-owned renewable energy and energy efficiency projects.
We’re talking to Julie MacArthur who’s just returned to Canada as the Chair in Reimagining Capitalism at Royal Roads University in Victoria, British Columbia about her new research study: Transition Inequity: Trends and Impacts of Gendered Employment in New Zealand’s Energy Industries.
Last week, Julie talked about the trends that she’s identified in her research into gender balance in the New Zealand energy sector. This week she talks about the future and how she expects to see the workforce change and why that matters … in case anyone was still wondering.
We’re talking to Julie MacArthur who’s just returned to Canada as the Chair in Reimagining Capitalism at Royal Roads University in Victoria, British Columbia about her new research study: Transition Inequity: Trends and Impacts of Gendered Employment in New Zealand’s Energy Industries.
Last week, Julie talked about the results of her research into gender balance in the New Zealand energy sector. This week she talks about the trends that she’s identified. Not all bad, but not brilliant either.
We’re talking to Julie MacArthur who’s just returned to Canada as the Chair in Reimagining Capitalism at Royal Roads University in Victoria, British Columbia about her new research study: Transition Inequity: Trends and Impacts of Gendered Employment in New Zealand’s Energy Industries.
Last week, Julie talked about systemic bias in New Zealand legislation. This week she shares the results of her research into gender balance in the New Zealand energy sector. It’s not all bad news (but a lot of it is).
We’re talking to Julie MacArthur who’s just returned to Canada as the Chair in Reimagining Capitalism at Royal Roads University in Victoria, British Columbia about her new research study: Transition Inequity: Trends and Impacts of Gendered Employment in New Zealand’s Energy Industries.
Last week, Julie explained what the global picture for gender balance in the sector looks like. This week, she talks about her New Zealand research and what she expected to see. It turns out we’re not as progressive as she’d expected – systemic bias is everywhere it seems – even in the legislation for a Just Transition?
We’re talking to Julie MacArthur who’s just returned to Canada as the Chair in Reimagining Capitalism at Royal Roads University in Victoria, British Columbia about her new research study on gendered employment in New Zealand's energy industries.
We looked at some pretty reactionary comments from Energy News readers on the lack of diversity holding back the sector.
This week, Julie sets out her research project and what the picture for gender balance in the sector is like globally. Not very balanced at all, it seems.
We’re talking to Julie MacArthur who’s just returned to Canada as the Chair in Reimagining Capitalism at Royal Roads University in Victoria, Canada about her new research study: Transition Inequity: Trends and Impacts of Gendered Employment in New Zealand’s Energy Industries.
We start with some Energy News history – the March 2019 article about Alison Andrew’s speech at Downstream on lack of diversity in the sector.
The article had 23 pages of comments and was eventually closed to all commenters and the comment stream taken down. It doesn’t show the readership in a very good light. Before we look at her recent research, Julie takes a moment to explain what was going on.
A while ago a couple of my listeners pointed out that nearly everyone I’ve interviewed on the podcast is a white middle-aged man. It was a fair criticism and a bit of a reflection of the world I come from. Turns out that we do have a bit of a problem with employment inequity in the sector though.
My podcast guest for the next series is Julie MacArthur who’s just returned to Canada from MZ as the Chair in Reimagining Capitalism at Royal Roads University in Victoria, British Columbia. While at the University of Auckland, Julie published Mind the Gender Gap: Energy Employment Trends in Aotearoa New Zealand with Catherine Dyer. They’ve just completed a major study: Transition Inequity: Trends and Impacts of Gendered Employment in New Zealand’s Energy Industries – and Julie agreed to come onto the podcast to preview their results.
We start off with discussing where the research project started.
I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including eight years as Director of Regulation at National Grid.
Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.
Last week, Tim explained how the energy policy regime in the UK sees the regulated system operator taking an increasingly key role in setting policy – more focused on enabling competition for long-term contracts than instantaneous competition for dispatch. In this, the final episode of this series, he offers some thoughts on how regulated companies can conduct regulatory reviews without the process degenerating into hostility.
I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including eight years as Director of Regulation at National Grid.
Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.
Last week, Tim looked to America and found positives in their regimes. This week he considers the evolving regime in the UK where the regulated system operator has an increasingly key role in setting policy more focused on enabling competition for long-term contracts than instantaneous dispatch.
I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including 8 years as Director of Regulation at National Grid.
Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.
Last week, Tim contrasted the theoretically ideal relationship between a government and its regulator and recent European experience. This week, he looks to America and finds things look a bit different there.
I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including 8 years as Director of Regulation at National Grid.
Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.
Last week, Tim considered what an ideal relationship between a government and its regulator might look like. This week, he contrasts that with recent experience.
I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including eight years as Director of Regulation at National Grid.
Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.
Last week, Tim explained the change in the relationship between the UK government and its regulator and how elements of this change remind him of Russia in 1918. This week he considers what an ideal relationship between a government and its regulator might look like.
I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including eight years as Director of Regulation at National Grid.
Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.
Last week, Tim talked about the extraordinary change in UK energy policy and the sector regulator’s role in it, or lack thereof. This week, he explains the broader shift that this represents in the relationship between the UK government and its regulator and how elements of this shift remind him of Russia in 1918.
I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, concluding with eight years as Director of Regulation at National Grid.
Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.
Last week, Tim explained what led him to the suggestion that the role of industry-specific regulators can change dramatically when government policies for that sector change. This week, he talks specifically about the extraordinary shift in UK energy policy and the sector regulator’s role in it, or lack thereof.
I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including eight years as Director of Regulation at National Grid.
Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.
In this first interview, Tim explains what led him to the suggestion that the role of industry-specific regulators can change dramatically when government policies for that sector change.
I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast last year, on the design of the UK and New Zealand electricity markets in the 1990s, but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.
Last week, Larry showed us a way out of the capacity trading maze: market carriage. In this, the final episode of the current series, he reflects on the options open to New Zealand and suggests that it might be possible to do better that we’ve managed in the past.
I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast last year, on the design of the UK and New Zealand electricity markets in the 1990s but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.
Last week, Larry explained the problems that beset capacity-only markets for gas transmission. They don’t work as contract paths (or “straws” as we seem to be calling them) and the European solution to this problem - defining capacity in terms of entry and exit - is even worse, no matter how liquid it makes the market. This week, he shows us a way out of the maze: market carriage.
I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast last year, on the design of the UK and New Zealand electricity markets in the 1990s but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.
Last week, Larry debunked the received truth that because you can control physical gas flows (which you can’t with electricity), it makes sense to allocate gas transmission capacity as contractual “paths”. This week he explains the problems that beset capacity-only markets for gas transmission. They don’t work as contract paths (or “straws” as we seem to be calling them) and the European solution to this problem - defining capacity in terms of entry and exit - is even worse, no matter how liquid it makes the market.
I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast last year, on the design of the UK and New Zealand electricity markets in the 1990s but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.
Last week, Larry explained the role of the transmission system operator (“TSO”) in managing the physical feasibility of gas flows as people change their mind about how much gas they want to use where. This week he debunks the received truth that because you can control physical gas flows (which you can’t with electricity), it makes sense to allocate gas transmission capacity as contractual “paths”.
I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast earlier in the year, on the design of the UK and New Zealand electricity markets in the 1990s but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.
Last week, Larry looked at the problems that arise with point-to-point access regimes for gas transmission and the metaphor that a pipeline is like a bundle of straws. This week he explains the role of the transmission system operator (“TSO”) in managing the physical feasibility of gas flows as people change their mind about how much gas they want to use where.
I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast earlier in the year, on the design of the UK and New Zealand electricity markets in the 1990s but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.
Last week, we went back in time to the origins of gas transmission to try and understand where NZ’s current access arrangements came from. This week, Larry looks at the problems that arise with point-to-point access regimes for gas transmission and the metaphor that a pipeline is like a bundle of straws.
I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast last year, on the design of the UK and New Zealand electricity markets in the 1990s but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.
Last week, we talked a bit about gas market design and the reasons that the NZ Gas Industry Company is looking at transmission access arrangements. This week, we go back in time to the origins of gas transmission to try and understand where NZ’s current access arrangements came from.
I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast earlier in the year, on the design of the UK and New Zealand electricity markets in the 1990s but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.
In this first episode we talk a bit about gas market design and the reasons that the NZ Gas Industry Company is looking at transmission access arrangements.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
Last week, Conrad Edwards, who's the Senior Development Analyst at the NZ FTR Manager, outlined the Electricity Authority's recent work to bring FTRs to market in NZ, key characteristics of the product that will be auctioned in May 2013 and how they may evolve. In this final episode, Bill gives his reaction to the New Zealand proposals, and wishes us well!
That Bill Hogan is a Professor of Energy Policy at Harvard University and director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
Last week, Conrad Edwards, who's the senior development analyst at the NZ FTR Manager, talked us though some of the twists and turns we've taken since committing to implement FTRs in 1995. This week, Conrad outlines the Electricity Authority's recent work to bring them to market, key characteristics of the product that will be auctioned in May 2013 and offers some thoughts on how they may evolve.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the Guiding Mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
Last week, Bill talked about 2 areas in which US experience is instructive - how long to issue rights for and their use in funding merchant transmission. This week, Conrad Edwards, who's the Senior Development Analyst at the NZ FTR Manager, talks though some of the twists and turns we've taken since committing to implement FTRs in 1995.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
Last week, Bill talked about why NZ didn't implement FTRs in the 1990s and what we learned about revenue adequacy from the early FTR implementations in the US. This week he introduces two more areas in which US experience is instructive - how long to issue rights for and their use in funding merchant transmission.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
Last week, Bill outlined their particularly important property of revenue adequacy. This week he talks about why NZ didn't implement FTRs in the 1990s and what we have learned about revenue adequacy from the early FTR implementations in the US.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
To do this, we must first establish the purpose and design for the market to understand the role of FTRs within it. Last week, Bill explained how FTRs solve the problem that locational marginal pricing creates (that electricity prices change all over the country all the time). This week, he explains how they work and how central dispatch ensures there's always enough money to pay people with them.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
To do this, we must first establish the purpose and design for the market to understand the role of FTRs within it. Last week, Bill talked about what it took to get people to accept location marginal pricing. This week he explains the problem it creates: that electricity prices change all over the country all the time, and the solution to managing it: FTRs, and how they work.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
To do this, we must first establish the purpose and design for the market to understand the role of FTRs within it. Last week, Bill introduced the breakthrough in electricity market design - to settle on marginal prices based on dispatch. This week he talks about what it took to get people to accept this.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
To do this, we must first establish the purpose and design of the wholesale market to understand the role of FTRs within it. Last week, Bill articulated the unusual problems that the physics of electricity transmission create in achieving open access. This week he explains the only solution: marginal prices must be based on the results of a bid-based, security-constrained economic dispatch.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
To do this, we must first establish the purpose and design for the market to understand the role of FTRs within it. In last week's podcast Bill went back to the early 1990s in New Zealand and the "continuing seminar" around the development of competitive markets for electricity that set the whole process in motion. This week he explains the unusual problems that the physics of electricity transmission create in achieving open access. It's no bundle of straws.
That Bill Hogan is a Professor of Energy Policy at Harvard University and Director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that financial transmission rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
To do this, we must first establish the purpose and design for the market to understand the role of FTRs within it. In this first interview Bill goes back to the early 1990s in New Zealand and the "continuing seminar" around the development of competitive markets for electricity that set the whole process in motion.