November 16, 2007

Pjm, Its Market Monitoring Unit, and the Hotline Tipster’s Allegation of Market Power

Michael Giberson From the Baltimore Sun, columnist Jay Hancock highlights part of one story buried in the most recent report on the dispute between PJM and its Market Monitoring Unit (MMU). Hancock writes: On Sept. 14, 2004, a tipster urged electricity administrators to investigate a power generation plant that seemed to be charging extra-high prices …

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Gridlock! Drew Carey and Reason.tv on Road Pricing

Lynne Kiesling In the five-plus years of Knowledge Problem’s existence, one of the topics on which I have opined extensively is the efficiency and conservation benefits of congestion pricing. Recently, Mike had two great posts on congestion pricing, one on how economists don’t understand the opposition to congestion pricing, and one on the unwillingness of …

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