The Need for Electricity Retail Market Reforms

Lynne Kiesling and I have an article in the Fall 2017 Regulation magazine asserting “the need for electricity retail market reforms” (PDF). Our general theme is, as the subtitle puts it, “An innovative 21st century retail electric power market is within reach, but won’t emerge until we ditch 20th century regulations.” We begin: School budgets always seem tight, so … More The Need for Electricity Retail Market Reforms

Giberson makes his mark on Wall Street and other notes on price gouging commentary

I get a mention in the September 12, 2017, Deal Book column in the New York Times: “Price caps discourage extraordinary supply efforts that would help bring goods in high demand into the affected area,” Michael Giberson, an instructor with the Center for Energy Commerce in the Rawls College of Business at Texas Tech University, … More Giberson makes his mark on Wall Street and other notes on price gouging commentary

Worstall: Hurricane Harvey Is When We Need Price Gouging

Tim Worstall reminds us of the value of relying on prices to help get resources to where they are most useful: The economics of this is really terribly, terribly, simple. As a result of the disaster–of any disaster that is–some things are in short supply. Perhaps because some of the supply got damaged, or perhaps … More Worstall: Hurricane Harvey Is When We Need Price Gouging

Early reactions to the DOE grid reliability study

The much anticipated, objected to, lobbyied about, editorialized on US Department of Energy study on electric grid reliability, markets, and policy has finally been released. Finally us commenters will actually know what we are talking about. Maybe. You can find the report on the DOE website along with Secretary Perry’s cover letter. I may comment … More Early reactions to the DOE grid reliability study

Utahns get low-cost, reliable electric power. What is wrong with that?

Utah is doing just fine with monopoly electric service, says a state legislator who oversees the Utah Public Utilities Commission. The legislator, Carl Albrecht, was responding to an op-ed appearing in the Deseret News the week earlier by Ethan Dursteler and me in which we encouraged Utahns to consider retail electric competition. Albrecht is right … More Utahns get low-cost, reliable electric power. What is wrong with that?

Nancy MacLean’s generalized rewriting of James Buchanan’s views on democracy

I have only read a small bit of Nancy MacLean’s book on James M. Buchanan, public choice, and politics. I’m reluctant to buy a copy, but I wanted to see if it was as bad as some critics have said. (Now you know something of my limited knowledge of and pre-existing bias against the book. … More Nancy MacLean’s generalized rewriting of James Buchanan’s views on democracy