by 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.
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Publishing Since
1/31/2014
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June 25, 2026
<p class="MsoNormal"><strong><span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">What the High Court's 2012 decision was all about</span></strong></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">I've just finished a</span> <a href= "https://www.energynews.co.nz/blog/john-hancock/841359/greg-houston-regulatory-economics-coal-face"> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">6-part series</span></a> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">as an introduction to the</span> <a href= "https://uconline.ac.nz/courses/navigating-regulatory-economics-course"> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">University of Canterbury's new short course on Navigating Regulatory Economics</span></a> <span lang= "EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">with a lecture that</span> <a href= "https://houstonkemp.com/people/greg-houston/"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Greg Houston</span></a> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">gave at the University last November to launch the course.<span style= "mso-spacerun: yes;"> </span></span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">I mentioned that I had him on the podcast 14 years ago.<span style= "mso-spacerun: yes;"> </span> I enjoyed it so much I thought we should run it again.<span style= "mso-spacerun: yes;"> </span> 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.</span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Last week</span> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">he explained where rules like our</span> <a href= "https://www.ea.govt.nz/industry/wholesale/uts/"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">undesirable trading situation ("UTS")</span></a> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">provisions come from.<span style="mso-spacerun: yes;"> </span> 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.<span style= "mso-spacerun: yes;"> </span> Well it was topical at the time …</span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">If you want to hear more from Greg, he's a featured expert in the</span> <a href= "https://uconline.ac.nz/courses/navigating-regulatory-economics-course"> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">Navigating Regulatory Economics</span> <span lang= "EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">short online course from the University of Canterbury</span></a><span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">.<span style= "mso-spacerun: yes;"> </span></span></p> <p class="MsoNormal" style="line-height: normal;"><span lang= "EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Next week Greg turns his lens to market power in generation – ring any bells?</span></p>
June 18, 2026
<p class="MsoNormal"><strong><span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">Why "good faith" obligations exist in energy markets</span></strong></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">I've just finished a</span> <a href= "https://www.energynews.co.nz/blog/john-hancock/841359/greg-houston-regulatory-economics-coal-face"> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">6-part series</span></a> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">as an introduction to the</span> <a href= "https://uconline.ac.nz/courses/navigating-regulatory-economics-course"> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">University of Canterbury's new short course on Navigating Regulatory Economics</span></a> <span lang= "EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">with a lecture that</span> <a href= "https://houstonkemp.com/people/greg-houston/"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Greg Houston</span></a> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">gave at the University last November to launch the course.<span style= "mso-spacerun: yes;"> </span></span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">I mentioned that I had him on the podcast 14 years ago.<span style= "mso-spacerun: yes;"> </span> I enjoyed it so much I thought we should run it again.<span style= "mso-spacerun: yes;"> </span> 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.</span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Last week</span> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">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.<span style="mso-spacerun: yes;"> </span> This week he explains where rules like our</span> <a href= "https://www.ea.govt.nz/industry/wholesale/uts/"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">undesirable trading situation ("UTS")</span></a> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">provisions come from.</span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">If you want to hear more from Greg, he's a featured expert in the </span><a href= "https://uconline.ac.nz/courses/navigating-regulatory-economics-course"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Navigating Regulatory Economics</span> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">short online course from the University of Canterbury</span></a><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">.<span style= "mso-spacerun: yes;"> </span></span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Next week Greg goes further by playing out how this applies in court.</span></p>
June 11, 2026
<p class="MsoNormal"><strong><span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">When prices get to levels that attract a lot of attention …</span></strong></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">I've just finished a</span> <a href= "https://www.energynews.co.nz/blog/john-hancock/841359/greg-houston-regulatory-economics-coal-face"> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">6-part series</span></a> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">as an introduction to the</span> <a href= "https://uconline.ac.nz/courses/navigating-regulatory-economics-course"> <span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang= "EN-GB">University of Canterbury's new short course on Navigating Regulatory Economics</span></a> <span lang= "EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">with a lecture that</span> <a href= "https://houstonkemp.com/people/greg-houston/"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Greg Houston</span></a> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">gave at the University last November to launch the course.<span style= "mso-spacerun: yes;"> </span></span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">I mentioned that I had him on the podcast 14 years ago.<span style= "mso-spacerun: yes;"> </span> I enjoyed it so much I thought we should run it again.<span style= "mso-spacerun: yes;"> </span> 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.</span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Last week </span><span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">he discussed whether you need capacity payments in energy markets.<span style= "mso-spacerun: yes;"> </span> 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.</span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Rings a bell, eh?<span style="mso-spacerun: yes;"> </span> Some topics never get old.</span></p> <p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">If you want to hear more from Greg, he's a featured expert in the </span><a href= "https://uconline.ac.nz/courses/navigating-regulatory-economics-course"><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">Navigating Regulatory Economics</span> <span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">short online course from the University of Canterbury</span></a><span lang="EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">.<span style= "mso-spacerun: yes;"> </span></span></p> <p class="MsoNormal" style="line-height: normal;"><span lang= "EN-GB" style="mso-ansi-language: EN-GB;" xml:lang="EN-GB">To resolve this, next week Greg talks about good faith trading obligations.</span></p>
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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.
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