Economics

Texas Electric Choice: The Power is Yours. Use It.

Lynne Kiesling I declare our conference on the experience of electricity restructuring in Texas on Friday at AEI a success! In regulatory policy analysis we usually don’t do a good job of telling the stories of successful institutional change, so I thought it was really important to highlight the Texas experience so that other regulatory …

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Deregulation, Innovation, and Market Liberalization: Electricity Regulation in a Continually Evolving Environment

Lynne Kiesling I am pleased to announce that I delivered my book manuscript to the publisher a week and a half ago. Here’s a teaser: Economic growth and technological change have brought the electric industry and its regulation to a crossroads. Technological change from outside the industry has prompted changes in both regulatory institutions and …

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Market Power in Maryland Power, and Other Economics Stories in the News

Michael Giberson Columnist Jay Hancock of the Baltimore Sun takes note of a complaint filed at FERC by the Maryland Public Service Commission that alleges local market power in PJM’s wholesale power market added $87.5 million to energy costs in the state. Hancock provides a link to the complaint at FERC for the curious. Also …

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Upcoming Aei Conference: Texas Electricity Restructuring

Lynne Kiesling My colleague Andy Kleit and I are co-editing a book on electricity restructuring in Texas: A number of states have recently sought to increase competition in the electricity industry to drive down prices, increase supply, and improve service quality. Yet in the aftermath of the rolling blackouts and power shortages that afflicted California …

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Yes, This is Real Congestion Pricing for Airports*

Michael Giberson *Well, almost real congestion pricing. It may not be the real thing, but it is a reasonable facsimile and a step in the right direction. It is not quite the real thing, because, as I observed last time, the FAA “will not allow airport authorities to charge prices sufficient to balance demand with …

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More Coverage of the Gridwise Olympic Peninsula Project and Smart Grid

Lynne Kiesling Since last week there’s been more discussion of the GridWise Olympic Peninsula Project that I discussed last week: a Business Week article on the project and a Gristmill post, a CNN Money article, the Solve Climate blog, and an Associated Press article that ran in USA Today. The last article also quotes me, …

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Congestion Fees Coming to Airports?

Michael Giberson The Federal Aviation Administration is proposing to change its policy toward landing fees to “provide greater flexibility to operators of congested airports to use landing fees to provide incentives to air carriers to use the airport at less congested times or to use alternate airports to meet regional air service needs.” As explained …

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