The UK smart meter transition: industry structure, market power, and interoperability

The UK government started an energy digital smart meter rollout in 2008, an “… £11bn scheme to put 53m devices in 30m homes and small businesses by 2020” to yield an estimated gross benefit of £16.7bn. Calling the rollout a disaster would be generous — it’s behind schedule, about £1bn over budget, and full of technical … More The UK smart meter transition: industry structure, market power, and interoperability

“Any aid package, no matter what dollar amount, is a Band-Aid on an arterial bleed.”

More stinging criticism of the agricultural industry harms from the Trump tariffs and the proposed aid package to offset some of those harms since my post about the dairy industry yesterday — this article in the Minneapolis Star-Tribune is full of pointed arguments against them: Bill Gordon, a soybean farmer near Worthington, Minn., said his crop … More “Any aid package, no matter what dollar amount, is a Band-Aid on an arterial bleed.”

Two EV entries in the “how cool is this?” file

Economical energy storage has long been the Holy Grail of electricity. Since 1800, when Alessandro Volta invented the electric pile (a forerunner of the modern battery), hobbyists, scientists, and engineers have experimented with chemicals and materials to create economical storage at a smaller scale than a hydroelectric dam and with a more portable technology than, … More Two EV entries in the “how cool is this?” file

Coase’s influence on economics, and Adam Smith’s influence on Coase

Understanding the economy as a dynamic, complex system relies on the foundational work of several economists, including Adam Smith (of course) and Ronald Coase. As Coase observed in his 1991 Nobel Prize address, What I have done is to show the importance for the working of the economic system of what may be termed the … More Coase’s influence on economics, and Adam Smith’s influence on Coase

Epistemology and synthetic market design: Examples from ecosystem services

Some of the most illuminating work in market design lately has been in payment for ecosystem services (PES). These projects provide examples of the continuing relevance of institutions to economic and policy outcomes, and the importance of Elinor Ostrom’s work on the diversity of governance institutions in common-pool resources; despite criticisms leveled at synthetic markets, … More Epistemology and synthetic market design: Examples from ecosystem services

EDF on Grid Modernization

Last week the Environmental Defense Fund released a new report on grid modernization, Grid Modernization: The Foundation for Climate Change Progress (pdf). This short report provides a clear overview of how grid modernization enables a cleaner energy future, examining six areas where investment and regulatory policy should focus to make that happen. The focus of this … More EDF on Grid Modernization

Dynamic pricing is everywhere … even NPR

Chicago’s National Public Radio affiliate, WBEZ, started their fall/winter pledge drive earlier this week. As usual, the station offers a range of “thank you” gifts, with different gifts for different donation amounts. Going beyond the ubiquitous tote bag and coffee mug, this year WBEZ offers a stylish black and red (good color combo when you … More Dynamic pricing is everywhere … even NPR