Michael Giberson Today’s edition of Power Markets Week quotes me on the topic of resolving seams between RTO power markets. (I don’t have a link, the newsletter is by subscription only.) In the nature of shameless self-promotion, I’ll quote the interesting parts (i.e. the paragraphs mentioning me), along with only as much extraneous information as …
Michael Giberson You’ve heard the old joke about the weather, right? — everybody talks about the weather but nobody ever does anything about it. Well now you* can do more than just talk about the weather, you* can bet** on it. *By “you” I mean, “accredited investors with a minimum net worth of $1 million,” …
Michael Giberson A couple of weekends ago I took a quick trip from Lubbock to Austin to visit my brothers and their families, the first time I’ve taken that trip since I moved back to Texas from Virginia. I knew a few wind turbines had popped up since my last drive down US 84, perhaps …
Texas Court Favors Wind Turbines over Claims of Spoiled Views and Nuisance Noise Read More »
Michael Giberson Geoffrey Styles offers some perspective on the Vitol S.A. affair. (Vitol was indirectly revealed to have had a rather large position in NYMEX’s oil contracts when the CFTC reclassified a single trader from “commercial” to “non-commercial.” The CFTC did not name Vitol, but enough information was available that industry insiders were able to …
Useful Perspective on Speculation in Oil Markets Read More »
Michael Giberson Solar power technology continues to improve. Retail electric utility rate for 100% wind power dips below the standard rate. Likely just for one month, since gas prices are down from their recent peak. Texas retail market under pressure, but shows signs of progress. A well-capitalized firm with an understanding of risk management issues …
The Inverted Metamorphic Triple-junction Solar Cell and Other Energy Items in the News Read More »
Michael Giberson Senator Charles Schumer of New York has asked the U.S. Federal Energy Regulatory Commission to investigate the traders scheduling circuitous routes around Lake Erie for transactions that in effect flowed primarily within the New York ISO power system. As discussed here last week, in late July the NYISO sought emergency rule changes to …
Senator Calls for Ferc Probe of Traders Using Lake Erie Loop Strategy Read More »
Michael Giberson Dallas and Houston draw electricity from the same ERCOT power grid, but the Dallas area has sported lower retail power prices for the last few years. The Houston Chronicle explains some of the reasons for the differences: Houston’s residential electric power prices are consistently higher than in the Dallas-Fort Worth area, ranging in …
Dallas Vs. Houston: the Differences in Retail Power Charges Read More »
Michael Giberson Robert McCullough, the “analyst known for his work with a Washington utility trying to prove that Enron manipulated power markets” (in the words of Newswatch: Energy), is back in the news with a report sure to appeal to the economically naive in Congress and elsewhere. In his report McCullough concludes, “All available evidence …
Is Market Concentration to Blame for Record High Oil Prices? Read More »
Michael Giberson Robert McCullough, the “analyst known for his work with a Washington utility trying to prove that Enron manipulated power markets” (in the words of Newswatch: Energy), is back in the news with a report sure to appeal to the economically naive in Congress and elsewhere. In his report McCullough concludes, “All available evidence …
Is Market Concentration to Blame for Record High Oil Prices? Read More »
Michael Giberson Holman Jenkins makes another good point in his WSJ column on energy (in addition to his conclusion, which I cited in an earlier post). He points out in response to Boone Pickens’s concern over the “transfer of wealth” to foreign oil producers: [Pickens] says we spend $700 billion a year on foreign oil, …
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