Barry Smitherman: How Texas used a free market to reduce electricity prices and pollution

Barry Smitherman has an op-ed in the Dallas Morning News, “How Texas used a free market to reduce electricity prices and pollution.” Smitherman is former chairman of the Texas Railroad Commission and before that of the Texas Public Utilities Commission. He highlights price reductions available to consumers as compared to prices immediately before the retail … More Barry Smitherman: How Texas used a free market to reduce electricity prices and pollution

Help a grad student out by taking this survey on political messaging

A team of researchers from Stony Brook University have asked us to help them study the role that emotion plays in politics. I have completed the survey myself, and it only took me a few minutes to finish. The survey is completely anonymous. Click the link below to begin the survey: https://stonybrookuniversity.co1.qualtrics.com/jfe/form/SV_bDvaFRlp0rmqYBf

Texas’s power market performance

“The Lone Star State approaches electricity policy—among other things—a bit differently,” wrote the R Street Institute’s Devin Hartman in “Testing Texas power.” That “differently” is one benefit of the quasi-independent status of the ERCOT grid. While there are benefits to harmonization of rules across regions, there are also benefits to exploring alternatives to whatever currently … More Texas’s power market performance

Should the Trump administration get to play politics with offshore federal oil and gas resources?

How should state and federal governments make decisions concerning offshore federal resources the development of which may affect nearby states? Two approaches: one, give the Trump administration a huge political negotiating chip, with which it can reward friendly politicians, or two, a transparent system that seeks to treat all U.S. citizens fairly. Pick one. Last … More Should the Trump administration get to play politics with offshore federal oil and gas resources?

Integrating reliability-must-run practices into wholesale electricity markets

One of the challenges of electric power market design comes in the need to consider the consequences of design choices for both market outcomes and grid reliability. Strictly speaking, the two kinds of consequences are not neatly separable, as market choices affect system reliability and system reliability affects market outcomes. The interaction between the two … More Integrating reliability-must-run practices into wholesale electricity markets

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