Larry Ruff – gas transmission capacity in New Zealand

I’m talking to Larry Ruff, another giant of energy market reform. Larry worked with Bill Hogan, whom many of you enjoyed listening to on the podcast last year, on the design of the UK and New Zealand electricity markets in the 1990s, but he’s probably best known as the brain behind Victoria’s gas market. He’s been watching the NZ regime with interest and recently put in an independent submission to the NZ Gas Industry Company’s Review of Transmission Access and Capacity Pricing about which he agreed to come and talk to us.

Last week, Larry showed us a way out of the capacity trading maze: market carriage. In this, the final episode of the current series, he reflects on the options open to New Zealand and suggests that it might be possible to do better that we’ve managed in the past.