Michael Giberson PJM announced publicly earlier this week that it intended to reorganize its market monitoring function, and was leaning toward securing an external market monitor to replace its long standing internal market monitoring unit. PJM has been unique among U.S. regional power markets in lacking an external monitor or any official outside market adviser. …
Pjm Market Monitor Reports Interference from Management Read More »
Michael Giberson As Lynne noted a few days back, we share a love for soccer. In addition to Man City, she roots for her home team, the Chicago Fire. I have the honor of being a fan of my own home team, DC United. As the MLS season starts this weekend, it is a natural …
Michael Giberson So just as Lynne urges you to follow the prodigious output of theWSJ’s Energy Roundup blog, they reveal that they, too, are human by rushing out some less-than-carefully worked out language about market shares among traders in the over-the-counter energy derivatives markets: According to a recent survey by research firm Greenwich Associates, Goldman …
Michael Giberson In a post a year ago, I had this to say about Inkling Markets: The crowd has wisdom (maybe). You want it (certainly). Inkling wants to give you a shot at capturing it. With a recent redesign of their homepage, Inkling has added a few user quotes, including the above words of wisdom …
Knowledge Problem Remark Becomes Corporate Blurb Read More »
Lynne Kiesling I’ve been so head-down-focus-focus-focus for the past couple of weeks that I have neglected to link approvingly to the Wall Street Journal’s Energy Roundup blog, which is consistently chock full of good stuff. Take, for example, Mark Gongloff’s post about global-warming-adaptive investment strategies, arising from Charles Easterbrook’s April Atlantic Monthly article on the …
Michael Giberson By inclination I’m not favorably inclined toward the thesis of Barry Schwartz’s book, The Paradox of Choice: Why Less Is More. More choices a bad thing? Nah, my attitude is more “Don’t worry, be happy.” (Daniel Gilbert, in Stumbling on Happiness, helped me out a little here. Apparently people who want to ‘optimize’ …
Lynne Kiesling For those of you interested in intelligent legal analysis of yesterday’s Supreme Court decision in the Massachusetts vs. EPA case, see Jonathan Adler’s post and the links he provides at Volokh. See also this thread of his earlier comments on the decision, and this extensive Google News search of articles on the decision. …
Lynne Kiesling So the KP Spouse and I had OK Go/Snow Patrol tickets for last night’s show at the Aragon in Chicago. In a colossal spate of bad timing, I got on a writing roll at about 4:00, and although I’ve not been having writer’s block, I’ve been having enough trouble working on a coherent …
Concert Tickets and the Beauty of Market Processes Read More »
Michael Giberson Twenty-three panelists are on the agenda of Thursday’s technical conference on power market monitoring, including market monitors from the RTOs/ISOs, RTO/ISO senior management, outside specialists/critics, state regulators and market participants. Overall looks like a good crowd of folks, but it is a rather large crowd to get through in just five hours of …
Agenda Released for Ferc Conference on Market Monitoring Read More »
Lynne Kiesling Back when the Energy Policy Act of 2005 was passed, many analysts (including myself) argued that in addition to ethanol’s dubious claim to be more “environmentally friendly” than fossil fuels, subsidizing and otherwise favoring the production of ethanol would distort agricultural commodity markets. (If you just read that sentence and thought to yourself …
Ethanol and Corn Markets: The Unintended Consequences Are Starting to Show Up Read More »
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