April 2004

Getting Reliability

The most obvious lesson learned from the blackout report is that the electric power industry and its regulatory organizations are better at diagnosing system failure ex post than at divining ways to foster growth of a self-correcting, self-reinforcing, and dynamically reliable system. The blackout report does an excellent job of diagnosing the recent failure, and …

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Reliability Is A Supply and Demand Issue

A blackout is a supply failure, so naturally people look for supply-side solutions: more transmission lines, high-tech system monitoring devices, building power plants closer to population centers, better grid planning and testing procedures. Few people consider how effectively demand response and active retail markets can help reduce strains on the grid and forestall future grid …

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A Word A Day

One of the little joys of life is Anu Garg’s A Word A Day. You can have a new vocabulary word, usually in a weekly theme, arrive in your inbox daily. What a treat. Today’s word is one of my favorites: chuffed (chuft) adjective Pleased; satisfied. [From English dialect chuff (pleased, puffed, swollen with pride).] …

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Cotc 12 April

Carnival of the Capitalists is up over at my neighbor The Chicago Report. Although Mike, I’m your Chicago neighbor … I especially recommend Michael Williams’s post on why natural resource depletion doomsayers get it wrong (here’s a hint: when prices go up, signaling scarcity, people use less and look for other ways to do things), …

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