Advanced Search
MyIDEAS: Login

Simulating market power in the New Zealand electricity market

Contents:

Author Info

  • Oliver Browne
  • Stephen Poletti
  • David Young

Abstract

The recent Wolak report on the New Zealand electricity market found evidence of substantial market power. The report, an empirical one, was heavily criticised on several aspects of its methodology. We investigate market power in the New Zealand Electricity Market during 2006 and 2008 using an alternative methodology; a computer agent-based model. With this model, we can account for all the substantive criticisms of the Wolak report. Our results are broadly in line with those of Wolak, nonetheless there are significant differences. In particular, our allocation of market rents across periods is very different. We estimate total market rents for 2006 and 2008 to be $2.6 billion.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://hdl.handle.net/10.1080/00779954.2011.649566
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Taylor & Francis Journals in its journal New Zealand Economic Papers.

Volume (Year): 46 (2012)
Issue (Month): 1 (December)
Pages: 35-50

as in new window
Handle: RePEc:taf:nzecpp:v:46:y:2012:i:1:p:35-50

Contact details of provider:
Web page: http://www.tandfonline.com/RNZP20

Order Information:
Web: http://www.tandfonline.com/pricing/journal/RNZP20

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:taf:nzecpp:v:46:y:2012:i:1:p:35-50. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.