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 …
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 »
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 »
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 »
Michael Giberson Al Roth at Market Design, once again commenting on bidding in auctions while not intending to pay as a form of protest. (Earlier he posted on a similar tactic in an BLM oil and gas lease auction; here was my earlier post on his earlier post.) Roth cites the New York Times: article …
One Aspect of Auction Design That May Need Greater Attention Read More »
Michael Giberson One last Texas electric power post for the day, this one on the upheaval among some electric power retailers in Texas, via Platts: The shrinking field of retail marketers is not an indictment against restructured power markets but an expected result of the credit crisis and its impact on retailers, Jim Burke, CEO …
The Retail Electric Power Market Shakeout in Texas Read More »
Michael Giberson Are your electric power rates falling? Are they below what they were two years ago? They might be if you live in parts of West Texas. The Abilene Reporter-News reports: Electric rates available to West Texans are less expensive, on average, than they were two years ago. In addition, residential rates offered in …
Michael Giberson Al Roth at his Market Design blog draws attention to Competitive Electricity Markets: Design, Implementation, Performance, a book edited by Fereidoon Sioshansi, which contains 15 chapters on power market design by some of the best workers in the field. As Roth notes, it has been out for a year or so, and it …
Does “Competitive Electricity Markets” Want to Be Free? Read More »
Michael Giberson At the Arizona Economics blog, Scott Gustafson runs some numbers on the limits on tax deductions for charitable giving contained in the Obama budget outline for 2010. Drawing on numbers from the budget outline (as summarized in this Washington Post article), Gustafson concludes that the administration thinks the change will result in $45 …
Who Needs Charitable Giving when You Can Have Big Government? Read More »
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