Author name: Michael Giberson

Incentives for Efficient Use of Storage in Electric Power Systems

2 Comments / Electricity, Energy markets / By

Michael Giberson In the most recent Energy Journal, Ramteem Sioshonsi has an article examining the welfare effects of the incentives to use energy storage in electric power systems. (“Welfare Impacts of Electricity Storage and the Implications of Ownership Structure,” See volume 31:2 here.) He considers the incentives faced by consumers, generators, and merchant energy storage …

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Power Exchange Regimes in Europe

Electricity, Energy markets / By

Michael Giberson At the EU Energy Policy Blog, Leonardo Meeus discusses the current organization of power exchanges in Europe. Meeus describes both private merchant exchanges and state regulated exchanges and notes the differing incentives of the two types, focusing on the effects on efficient cross-border exchange. Meeus’s post draws from his recent working paper, “Why …

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Ohio Cities to End Natural Gas Purchasing Initiative

1 Comment / Energy markets / By

Michael Giberson Via Tim Haab at Environmental Economics, a news story from The Columbus Dispatch reporting that five Columbus suburbs were ending a program in which the communities bought gas on behalf of residents that didn’t opt for another supplier. “There’s really not a need for government to be in it,” said Dana McDaniel, Dublin’s …

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Allocating Property Rights to Wind and Solar Resources

3 Comments / Electricity, Law / By

Michael Giberson Troy Rule, a law professor at the University of Missouri, has a pair of articles applying Calabresi and Melamed’s “Cathedral Model” to rights in wind resources and solar resources.  As Rule notes, the law remains unsettled on these resource issues, but the potential for conflict increases as these resources become more frequently exploited.  …

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Responding to Consumer Concerns over Smart Meters

8 Comments / Electricity, Energy markets / By

Michael Giberson Smart meters have run into a bit of consumer resistance.  Some of us – no doubt crazed by the energy-econ-techno-lust possibilities – imagined that smart meters would be greeted by consumers with smiles and good cheer, and just maybe a tear or two of gratitude trickling down the consumers’ cheeks as they thank …

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Pandora Lived

3 Comments / Music / By

Michael Giberson We’ve raved about Pandora here a number of times (KP search for “Pandora”). The New York Times recently reported on the surprising fact of Pandora: unlike a lot of other internet music startups, it survived. In fact, lately the company has prospered and is talking about going public. It turns out that the …

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Tres Amigas Gets Half a Loaf from Ferc, Tips on Gaining Other Half

Electricity, Energy markets / By

Michael Giberson On March 18, the Federal Energy Regulatory Commission acted on the Tres Amigas project’s two regulatory requests submitted last October.  Tres Amigas has proposed to link the large scale power interconnections covering the eastern and western halves of the United States with the ERCOT interconnection in Texas.  The New Mexico-based project would facilitate …

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I Nominate “Computational Economic Systems Design”

1 Comment / Economics, Technology / By

Michael Giberson At his Oddhead Blog, Yahoo! researcher David Pennock reports several links of interest for folks working at the intersection of the fields of economics and computer science and then asks what this subfield should be called.  He finds several terms in use for projects or at conferences: Algorithmic Economics, Market Algorithms, Electronic Commerce, …

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Fish Leg Counts: What the Web Knows and Doesn’t Know

Miscellany, Networks / By

Michael Giberson David Pennock hears another another tick of the clock in the countdown to web sentience. [In 2003] we trained a computer to answer questions from the then-hit game show by querying Google. We combined words from the questions with words from each answer in mildly clever ways, picking the question-answer pair with the …

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