Michael Giberson On October 16, FERC directed operators of regional transmission systems with integrated wholesale power markets (i.e. RTOs and ISOs) to take additional steps to accommodate participation of demand response resources, and to ensure energy pricing rules appropriately reflect shortage conditions. The new regulations also require the organizations to take actions intended to support …
Michael Giberson The headline of this Q & A exchange in the Orlando Sentinel gets it right: “It’s only price gouging if you do it occasionally.” Under Florida’s price gouging law, “it is unlawful to sell essential commodities, which include food, ice, lumber and gasoline, for an amount that ‘grossly exceeds’ the average price for …
Price Gouging: One Way to Avoid the Law’s Reach is to Always Charge High Prices Read More »
Michael Giberson A post by Andrew Demaria at Environmental Lovins descibes one vision for how electric cars could link up to the smart grid: As I go about my evening’s business, preparing some food before heading out to meet friends at the bar, I am oblivious to what is happening in the garage. The car …
Smart Garage: Where Your Electric Car Links Up with the Smart Grid Read More »
Michael Giberson Typical offshore wind power projects — actually there are not enough projects in existance to talk about “typical projects”, so let’s say “typical offshore wind power proposals — envision embedding the turbines into the ocean floor. Not a problem off the U.S Atlantic Coast or in the Gulf, where the ocean is relatively …
Michael Giberson As mentioned earlier, since moving to Lubbock to teach at Texas Tech, I’ve been bike commuting. This is actually not much of a sacrifice most of the time; it is only about a mile from home to office, and the trip takes me only 10 minutes on the bike. One week I acquired …
Michael Giberson Just a few months ago, oil prices were scrambling upwards and the sky was no limit. From the New York Times in May: Arjun N. Murti … foresees a “super spike” — a price surge that will soon drive crude oil to $200 a barrel. An analyst at Goldman Sachs, Mr. Murti has …
Michael Giberson The U.S. Conference of Mayors trumpets a study predicting a boom in green jobs. (A green job, for this study, is a job “devoted to the reduction of fossil fuels, the increase of energy efficiency, and the curtailment of greenhouse gas emissions.”) According to a groundbreaking study establishing a national Green Jobs Index, …
Why a Big Increase in “Green Jobs” Might Be a Bad Sign Read More »
Michael Giberson The recent “first rough draft of history” will need some editing to smooth out the narrative. Pity the poor newspaper reporters and headline writers who daily examine stock market movements and then try to write an account of what it all means. Last Tuesday, the Wall Street Journal featured on the front page: …
Michael Giberson Great news! I was reading through some bailout, uh, rescue commentary this morning, and found this political advice from Joel Stein at the L.A. Times: If I were in Congress, I’d hold out. Every representative who voted no on the bailout got something totally sweet in the bill that passed the Senate. Jim …
Michael Giberson Writing with a calmness and patience not typically seen when economists write about price gouging, here is Geoff Styles, at Energy Outlook, Gas Lines and Bank Runs: …[W]ith a significant shortfall in deliveries along these pipelines, and US gasoline inventories that were already extremely low going into the storms, local prices should have …
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