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Governance in the New Zealand electricity market: a law and economics perspective on enforcing obligations in market based on a multilateral contract

机译:新西兰电力市场的治理:基于多边合同在市场上履行义务的法律和经济学观点

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摘要

The NZEM contractual spot market enters its fourth year hav- ign transacted a very large volume of business that draws on com- plicated real-time physical and economic models. The fact that it has satisfactorily existed and developed during this period has facilitated restructuring of the various aspects of the electricity inustry. In a world where markets are emerging in areas where hitherto none could be contemplated, the governance of the NZEM might be considered as one that enables markets to evolve In tune with changing technology and supplier and consumer Requirements.
机译:NZEM合约现货市场进入了其第四年,它利用复杂的实时实物和经济模型进行了大量的业务。在此期间令人满意地存在和发展的事实促进了电力行业各个方面的重组。在当今市场尚未出现的新兴市场中,可以将NZEM的治理视为能够使市场随着技术的变化以及供应商和消费者需求的变化而发展的一种方法。

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