Single Buyer Model for Electricity - Geoff Bertram - 25/2
Single Buyer Model for Electricity
Labour and the Greens have proposed inserting a single buyer into the wholesale level of the New Zealand electricity market, as a means of forcing a reduction in electricity prices to final consumers.
Geoff Bertram's lecture outlines the key arguments of his analysis of the impact of weak regulation in the electricity sector and the single buyer model as a proposed remedy.
Geoff discusses how such a single buyer could be structured to exercise effective control over prices and asset values in the industry while avoiding several obvious pitfalls, and what the numbers might look like.
A pdf flyer for use on notice boards etc. is available for download here.