April 16, 2009 – Knowledge Problem

Flawed Report, Subsequent Debate Should Advance Understanding of Nyiso Market

2 Comments / Electricity, Energy markets, Regulation / By Michael Giberson

Michael Giberson In New York, a debate over the NYISO market design initiated by a report by Robert McCullough and committee hearings in the state legislature. The initial McCullough report asserted that the NYISO’s use of a uniform clearing price auction (the report calls it a “market-clearing price auction”, but “uniform clearing price” is technically …

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Lobbying Pays — Is Anyone Surprised?

4 Comments / Economics, Politics / By Lynne Kiesling

Lynne Kiesling Perhaps the only thing surprising about the research described in this Washington Post article is how demonstrable and quantifiable the effects are: In a remarkable illustration of the power of lobbying in Washington, a study released last week found that a single tax break in 2004 earned companies $220 for every dollar they …

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Uneconomical Cogeneration

Electricity, Energy markets, Regulation / By Michael Giberson

Michael Giberson Cogeneration plants, which use a fuel source to produce both electric power and useful heat, can be very efficient projects. Whether particular projects are efficient will depend on the implementation, of course, and whether projects are profitable will depend on fuel and other costs and the revenues from selling power and heat. From …

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