A team of researchers from Stony Brook University have asked us to help them study the role that emotion plays in politics. I have completed the survey myself, and it only took me a few minutes to finish. The survey is completely anonymous. Click the link below to begin the survey: https://stonybrookuniversity.co1.qualtrics.com/jfe/form/SV_bDvaFRlp0rmqYBf
“The Lone Star State approaches electricity policy—among other things—a bit differently,” wrote the R Street Institute’s Devin Hartman in “Testing Texas power.” That “differently” is one benefit of the quasi-independent status of the ERCOT grid. While there are benefits to harmonization of rules across regions, there are also benefits to exploring alternatives to whatever currently …
How should state and federal governments make decisions concerning offshore federal resources the development of which may affect nearby states? Two approaches: one, give the Trump administration a huge political negotiating chip, with which it can reward friendly politicians, or two, a transparent system that seeks to treat all U.S. citizens fairly. Pick one. Last …
When Bruce Springsteen decided to do a run of shows at a Broadway theater with fewer than a thousand seats, he appeared to reject the laws of economics — or at least what would seem to be in his financial best interest. He limited ticket prices to between $75 and $850 and has been allocating …
One of the challenges of electric power market design comes in the need to consider the consequences of design choices for both market outcomes and grid reliability. Strictly speaking, the two kinds of consequences are not neatly separable, as market choices affect system reliability and system reliability affects market outcomes. The interaction between the two …
Integrating Reliability-must-run Practices into Wholesale Electricity Markets Read More »
Lynne Kiesling and I have an article in the Fall 2017 Regulation magazine asserting “the need for electricity retail market reforms” (PDF). Our general theme is, as the subtitle puts it, “An innovative 21st century retail electric power market is within reach, but won’t emerge until we ditch 20th century regulations.” We begin: School budgets always seem tight, so …
I get a mention in the September 12, 2017, Deal Book column in the New York Times: “Price caps discourage extraordinary supply efforts that would help bring goods in high demand into the affected area,” Michael Giberson, an instructor with the Center for Energy Commerce in the Rawls College of Business at Texas Tech University, …
Giberson Makes His Mark on Wall Street and Other Notes on Price Gouging Commentary Read More »
Tim Worstall reminds us of the value of relying on prices to help get resources to where they are most useful: The economics of this is really terribly, terribly, simple. As a result of the disaster–of any disaster that is–some things are in short supply. Perhaps because some of the supply got damaged, or perhaps …
Worstall: Hurricane Harvey Is When We Need Price Gouging Read More »
The much anticipated, objected to, lobbyied about, editorialized on US Department of Energy study on electric grid reliability, markets, and policy has finally been released. Finally us commenters will actually know what we are talking about. Maybe. You can find the report on the DOE website along with Secretary Perry’s cover letter. I may comment …
Early Reactions to the Doe Grid Reliability Study Read More »
She’s from Salinas, oh oh oh And she looks like Venus, oh oh oh She’s from Salinas, oh oh oh And she looks like Venus – chorus from “She’s from Salinas” by The Sweet Baby Jesus Not the most inspired lyrics produced in the name of rock and roll, but it endures as a part of …
Creating a Culture of Innovation: East Bay Punk Version Read More »
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