Adler: Government-sponsored Prizes Would Be Better Than Subsidies

Michael Giberson “Direct government subsidies are a particularly poor way to encourage innovation,” writes Jonathan Adler in an article asserting that government-sponsored prizes would be better than subsidies at encouraging the development of low-carbon-emission energy technologies. Government subsidies tend to be dispersed on political criteria, rewarding large, politically connected incumbent firms, rather than innovative upstarts. … More Adler: Government-sponsored Prizes Would Be Better Than SubsidiesMore Adler: Government-sponsored Prizes Would Be Better Than Subsidies

Capacity Market Costs Drive Utility to Want to Leave Pjm, Join Midwest Iso

Michael Giberson Duquesne Light has announced it wants to drop out of PJM and join the neighboring Midwest ISO, citing the high costs emerging from PJM’s capacity market as their motivation. The capacity market is called the “RPM” market after the “reliability pricing model” which serves as the underlying pricing mechanism. Duquesne has filed a … More Capacity Market Costs Drive Utility to Want to Leave Pjm, Join Midwest IsoMore Capacity Market Costs Drive Utility to Want to Leave Pjm, Join Midwest Iso