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, … More Giberson makes his mark on Wall Street and other notes on price gouging commentary
This article in the OECD Observer by Chris Pike provides a concise overview of some of the current issues and challenges that innovation is creating for existing business and regulatory models in electricity (and cites Kiesling & Munson 2016, thank you for that!). The main argument is that digital innovation is disrupting the traditional regulated retail … More OECD on competition and new electricity business models
Many of the prospects for a cleaner and prosperous future — autonomous vehicles, economical renewable energy, more efficient electronics — are made more likely and/or more affordable with improvements in energy storage. Tesla’s advances in the technology, form factor, and scale of production of lithium ion batteries are well known (and in fact I think … More How cool is this liquid battery?
At the fantastic economic history website EH.net, I recently reviewed John Neufeld’s new book, Selling Power: Economics, Policy, and Electric Utilities Before 1940. TL;DR: if you’re interested in the electricity industry you should read this book, even if you aren’t an academic. You’ll gain an important historical perspective on how we got to where we are, … More John Neufeld’s Selling Power: Economics, Policy, and Electric Utilities Before 1940
The electric power network is becoming increasingly digital. I started working on digital technology and smart grid topics in 2004, and served on the GridWise Architecture Council 2005-2009, focusing on enhancing understanding and use of interoperability principles in business and regulatory decisions. One of the important partners in expanding awareness of interoperability and its importance … More NIST Smart Grid Advisory Committee
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 … More Worstall: Hurricane Harvey Is When We Need Price Gouging
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 … More Early reactions to the DOE grid reliability study