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Comments on: In defence of the New Zealand wholesale electricity market http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/ The Visible Hand in Economics Wed, 04 May 2022 22:31:13 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: 100 Ways to Painlessly Save Money — Tips Save Money http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19944 Thu, 28 May 2009 03:24:34 +0000 http://www.tvhe.co.nz/?p=3868#comment-19944 […] TVHE » In defence of the New Zealand wholesale electricity market […]

]]> By: Wholesale Pet Supplies? | Homemade Pet Food http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19921 Wed, 27 May 2009 20:41:50 +0000 http://www.tvhe.co.nz/?p=3868#comment-19921 […] TVHE » In defence of the New Zealand wholesale electricity market […]

]]> By: Go Green With Solar Panels | DIY Home Power http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19913 Tue, 26 May 2009 07:27:37 +0000 http://www.tvhe.co.nz/?p=3868#comment-19913 […] TVHE » In defence of the New Zealand wholesale electricity market […]

]]> By: insider http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19906 Mon, 25 May 2009 22:37:14 +0000 http://www.tvhe.co.nz/?p=3868#comment-19906 @goonix

damn beat me to it

]]> By: goonix http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19905 Mon, 25 May 2009 21:51:51 +0000 http://www.tvhe.co.nz/?p=3868#comment-19905 http://www.energylink.co.nz/wp-content/uploads/2009/05/ell-commcomm-report-25-may-09.pdf

Another very good critique.

]]> By: insider http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19904 Mon, 25 May 2009 21:44:24 +0000 http://www.tvhe.co.nz/?p=3868#comment-19904 @agnitio

Ah yes but the ComCom added it up…looks like a beat up to me

]]> By: goonix http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19900 Mon, 25 May 2009 09:48:57 +0000 http://www.tvhe.co.nz/?p=3868#comment-19900 @louise
Cheers for the link louise, interesting stuff.

]]> By: louise http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19899 Mon, 25 May 2009 09:43:36 +0000 http://www.tvhe.co.nz/?p=3868#comment-19899 check out this commentary from Auckland Uni

http://www.interest.co.nz/ratesblog/index.php/2009/05/25/auckland-academics-question-wolak-report-on-power-profit-gouging/

]]> By: goonix http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19898 Mon, 25 May 2009 08:05:02 +0000 http://www.tvhe.co.nz/?p=3868#comment-19898 That’s why we have you agnitio. Cheers.

]]> By: agnitio http://www.tvhe.co.nz/2009/05/25/in-defence-of-the-new-zealand-wholesale-electricity-market/#comment-19889 Mon, 25 May 2009 02:26:07 +0000 http://www.tvhe.co.nz/?p=3868#comment-19889 the $4.3b comes from chapter 5, just sum up the “market power rents” in table 5.4.

“Market power rents” are the difference between the price that would have occured in a competitive market (marginal cost of the most expensive generator that was dispatched) and the actual market clearing price. “competitive rents” are the difference between the total variable cost of the power dispatched and the “competitive” price.

Figure 5.2 has a nice Econ 101 type graph that shows what he is calculating.

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