Hogan on Wolak

At the Offsetting Behaviour blog Seamus Hogan has three useful posts on the Wolak report. This was the report the Commerce Commission had done into electricity markets in New Zealand. The result that got all the headlines was the $4.3b figure that the electricity companies ostensibly have overcharged everyone. See Did electricity companies really overcharge by $4.3b? Part 1, Did electricity companies really overcharge by $4.3b? Part 2 and Did electricity companies really overcharge by $4.3b? Part 3 to understand what the report actually said and how it came to its very dubious conclusions.