Economics

Severin Borenstein on Real-time Retail Electricity Pricing

1 Comment / Economics, Electricity / By

Lynne Kiesling Here’s a video of Severin Borenstein discussing real-time pricing in retail electricity markets, from a presentation at CITRIS in April 2007: [youtube=http://www.youtube.com/watch?v=LdD4sYvDa08&hl=en&fs=1] It’s a good overview of some of the applied economic and policy issues in retail electricity pricing. Recommended to all. One specific thing I would add, though, is that he characterizes …

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Green Tech Media

Economics, Electricity / By

If you like what we discuss here at KP and you have not been reading Green Tech Media, you should be. There’s lots of good stuff there on renewables, plug-in hybrid vehicles, and other energy technology topics.

Tom Friedman from Aspen on Energy and His New Book

2 Comments / Economics, Electricity, Environmental policy / By

Lynne Kiesling Earlier this month Tom Friedman gave a talk at the Aspen Ideas Festival about his new book, Hot, Flat, and Crowded. I recommend all three of the video outtakes to all of you, regardless of your position on climate change, carbon policy, etc. In particular, the third clip where he discusses smart grid …

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Electricity Markets and Price Signals: Customer Technology in Britain, and a Misleading Wsj Article About Texas

5 Comments / Economics, Electricity / By

Lynne Kiesling Two recent news articles highlight the relevance of electricity price signals and intelligent end-use technology during a period of increasing fuel prices, and the juxtaposition of the two articles highlights consumers changing their behavior in the face of high energy prices. In short, the institutional change required to achieve thriving, healthy retail electricity …

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Wsj: Gerald O’driscoll on Fannie and Freddie

3 Comments / Economics / By

Lynne Kiesling I am not sufficiently expert in financial markets to opine on the current state of affairs in mortgages, mortgage-backed securities, banks, and so on. Hearing the current state of financial affairs at the two quasi-public financial institutions Fannie Mae and Freddie Mac, as well as the cacophonous din of those inveighing Congress and …

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Andy Grove: Energy Resilience, Not Energy Independence

2 Comments / Economics, Energy markets / By

Lynne Kiesling Andy Grove, former CEO of Intel, has an interesting article in The American magazine this month entitled “Our Electric Future”. Grove argues that energy independence is a flawed and infeasible objective, particularly in a network of integrated global exchange. He suggests instead that the objective should be energy resilience: What was wrong with …

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Pirrong Explains Why Congressional Scapegoating of Oil Market Speculators Will Harm Consumers

3 Comments / Economics, Energy markets / By

Michael Giberson The “wild assertions about speculation and manipulation are defective and completely unsupported by reliable evidence,” said Craig Pirrong, writing in the WSJ about congressional proposals to scapegoat speculator participation in oil futures trading. Restricting these speculators won’t reduce the price of oil — but they are likely to make consumers and investors worse …

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