{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Jim Bushnell - When it's ok for banks to rort power markets (again)","description":"What JP Morgan did and what it says about US electric market design I\u2019m talking to&amp;nbsp;Jim Bushnell, an Associate Professor at the University of California, Davis \u2013 who was in New Zealand in August as the S.T. Lee fellow at the New Zealand Institute for the Study of Competition and Regulation. Before the Christmas break, Jim explained why the current cases of price manipulation in US power markets aren\u2019t Enron all over again. It\u2019s all about the complex market design in the US, which internalises a plethora of externalities - and what happens when traders play there. This week he reflects on where the story may end. In August, Bushnell gave a lecture in Wellington asking If Electricity Liberalisation is So Great, why does everybody hate it? &amp;nbsp; ","author_name":"Hancock's blog","author_url":"https:\/\/energynews.libsyn.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/36964735\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/189532995"}