Tagged: electricity

How to increase prices and profits in the U.K. retail energy market - The Dismal Science

Paul Walker May 23, 2013

This piece from the Adam Smith Institute website should act as a warning to countries wanting to reregulate their energy markets. Stephen Littlechild, Professor emeritus at the University of Birmingham, fellow of Judge Business School at the University of Cambridge and a top regulator from 1983 to 1998, explains how politicians and regulators have, by misunderstanding … Read More

Increasing consumer surplus through price increases - The Dismal Science

Seamus Hogan May 07, 2013

As I noted last year, the University of Canterbury administration has this year increased the price of an annual parking permit threefold from (roughly) $100 to $300. This raises the price from what was a subsidised rate to something they calculate as being approximately marginal cost. Needless to say, this is something that the Economics department … Read More

Manufacturing the market we want - The Dismal Science

Bill Kaye-Blake Apr 02, 2013

A lot of economic theory is about markets. We then add government in as something that moves the market away from equilibrium. Subsidies, taxes, quotas, regulations, etc. — these are all ways in which government moves the market away from our assumption of what have happened otherwise. We never observe the counterfactual. We end up [...] … Read More

Rio Tinto Alcan NZ plays godfather: nice aluminium smelter you got, be a shame if something happened to it… - Hot Topic

Mr February Sep 11, 2012

Simon Johnson argues that Rio Tinto Alcan NZ (NZ Aluminium Smelters Ltd), the owner of the Tiwai Point aluminium smelter is “Godfathering” the smelter, its workforce, the Southland economy, the NZ electricity market, Meridan Energy and the poor critically endangered slow-breeding kakapo, as well as “Godfathering” the NZ emissions trading scheme to get excessive free [...] … Read More