Ex Post Market Monitoring in Electric Power Markets

Michael Giberson The Twomey et al. paper on market monitoring notes that some of the various economic tools used to track market power in electric power markets are applied ex ante, while others are applied ex post. Ex ante tools are the more powerful tools, using the networked nature of the business to intercept opportunistic … More Ex Post Market Monitoring in Electric Power MarketsMore Ex Post Market Monitoring in Electric Power Markets

The Kluge That We Need: Local Market Power Mitigation Measures

Michael Giberson Among the presenters at the Harvard Electricity Policy Group session on market power monitoring, Speaker 4 was the one who had it all together. Note that the session summaries characterize the discussions but do not name names, so theoretically I can’t link the discussion to a person and I suppose doing so isn’t … More The Kluge That We Need: Local Market Power Mitigation MeasuresMore The Kluge That We Need: Local Market Power Mitigation Measures

Musician Soccer Fans

Lynne Kiesling While we’re on the subject, I was fishing around about soccer and found the EPL Talk blog, where there’s a neat post about musicians who are mad about soccer. A disproportionate share of those listed are Manchester City fans (as am I), including: Johnny Marr (Manchester City). The former guitarist of The Smiths … More Musician Soccer FansMore Musician Soccer Fans

Soccernomics: Mls’s Growth Strategy

Lynne Kiesling I don’t share Mike’s interest in basketball, so the NCAA tournament frenzy doesn’t do a whole lot for me. However, he and I both love soccer, and I’ve commented on the upcoming Beckham infestation of SoCal here and here. Today’s Wall Street Journal has an article that discusses the MLS growth strategy to … More Soccernomics: Mls’s Growth StrategyMore Soccernomics: Mls’s Growth Strategy

Where is Cinderella?

Michael Giberson Coyote Blog asks, “Where is Cinderella?” The first two rounds of the NCAA basketball championship have been played (round three is underway as I type), and nowhere to be seen is a surprise team like last year’s George Mason University. The best answer I have seen is that of Phil Sheridan, in The … More Where is Cinderella?More Where is Cinderella?

Wind Power & Water Power: So Happy Together

Michael Giberson Earth, Wind & Fire may be a funky soul powerhouse band of the late 60s and early 70s, but in the Pacific Northwest the element that really gets them juiced is water. The region gets about 2/3rds of its electric power from hydroelectric dams. But as the region seeks to increase its electric … More Wind Power & Water Power: So Happy TogetherMore Wind Power & Water Power: So Happy Together

Why Do We Have Electric Power Market Monitors?

Michael Giberson The Harvard Electricity Policy Group regularly organizes meetings with some of the “best and the brightest” electricity policy thinkers and doers to kick around ideas, talk shop, see what’s new, and so on. About a year ago one of their topics was “Market Monitors: Dealing with Bad Guys, Bad Rules, or Both? What … More Why Do We Have Electric Power Market Monitors?More Why Do We Have Electric Power Market Monitors?

Manipulation of Illinois Wholesale Power Auction?

Michael Giberson A reader (in the comments here) asked whether we had any opinions on the complaint filed last week by the Illinois Attorney General alleging manipulation of the Illinois power procurement auction. Here’s the basic story, via Business Week and the Associated Press: Last year, the Illinois Commerce Commission oversaw a reverse auction, where … More Manipulation of Illinois Wholesale Power Auction?

Still Here …

Lynne Kiesling Sorry for the radio silence; all of the things I’d like to write right now take more mental bandwidth than I can spare. I have literally been mentally composing a post on something for more than four months, but I haven’t had the mental space to think it through enough. Time for the … More Still Here …More Still Here …

Bibliography of Studies Assessing Wholesale Power Markets

Michael Giberson Among the comments filed in response to the FERC technical conference on wholesale market competition, were remarks submitted by the District of Columbia Office of the People’s Counsel, Old Dominion Electric Cooperative, Maryland Office of the People’s Counsel, and Pennsylvania Office of Consumer Advocate. (Here is the Energy Legal Blog overview of the … More Bibliography of Studies Assessing Wholesale Power MarketsMore Bibliography of Studies Assessing Wholesale Power Markets