Lynne Kiesling So far in this series I have stressed what I think are some important foundational concepts in defining smart grid, thinking about its scope and its potential for value creation, and distinguishing it as an investment category from traditional transmission construction. All of these concepts have some interaction with government policy, at either …
Recommendations for Smart Grid Policy (Part 5 of 5) Read More »
Michael Giberson For class tomorrow I’m reading up on things Enron and California power market melt-down related. I’m a fan, for example, of Jonathan Falk’s 2002 article in the Electricity Journal on the infamous “Smoking Gun” memo which detailed Enron’s colorfully-named trading strategies like “get shorty” and “death star.” Among other things, Falk points out …
Power Market Seams and the Role of Arbitragers in Market Design Read More »
Michael Giberson Last week the New York ISO filed proposed tariff changes with the Federal Energy Regulatory Commission to revise how it treats wind power generation in its markets. Under the NYISO’s current rules, wind power generators are not treated as flexible resources. When the transmission system is overloaded, other generators can be asked to …
Lynne Kiesling I’m afraid I’m hitting a delay in posting the final part of my smart grid commentary because I’m battling a nasty headache. Thanks for your interest, and I’ll get it up here ASAP!
Michael Giberson As usual, Geoff Styles is worth reading: Since the administration has apparently ruled out an increase in the gasoline tax to cover declining Highway Trust Fund revenues, it’s surprising that it appears to be giving serious consideration to a proposal that would raise a hidden tax on gasoline. This is even more perplexing, …
The Ethanol Drag on Consumer Value and Government Revenue Read More »
Lynne Kiesling One of the reasons why smart grid is generating so much interest right now is its ability to enable the integration of renewable energy into the electric power network, leading to a broader generation portfolio and potentially beneficial carbon implications. Lots of the discussion of smart grid in policy and media (including places …
Smart Grid and Renewables Interconnection (Part 4 of 5) Read More »
At the prediction markets blog, Midas Oracle, Chris Masse has posted several times (here, here, and don’t miss the remarks in the comments) about the recent piece on prediction markets in The Economist. Among his recent grand pronouncements: If you are a prediction market consultant, and have nothing to say about the negative piece from …
Michael Giberson From the Globe and Mail: Last year, the continental U.S. saw its natural gas production grow by 10 per cent to 55 billion cubic feet a day, powered by huge production increases from shale gas plays like the Marcellus, Haynesville in Louisiana and Texas’s Barnett field. In Canada, gas production actually declined by …
The Natural Gas Industry is Adapting to Changing Conditions Read More »
Lynne Kiesling Digital communication capabilities in the network, including in end-use devices, provides increasingly feature-rich, mobile, and customizable ways to create consumer awareness about electricity consumption, electricity expenditure, and the environmental impact of that consumption. It also provides ways to change electricity consumption, either manually or automatically, in the home or remotely. In yesterday’s post …
Intelligent End-use Devices Make a Transactive Smart Grid Valuable (Part 3 of 5) Read More »
Michael Giberson Following up on a Monday post, in the news another report of a Texas electric power retailer seeking to acquire generation as a natural hedge. From Platts: Direct Energy said Wednesday that it plans to acquire and/or develop new generating capacity in the US to support its electricity retailing business. Direct, a subsidiary …
Retail Electric Power Market Shakeout in Texas, Ii Read More »
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