Economics

PJM Settles Market Monitoring Dispute, Bowring to Lead External Market Monitoring Unit

Economics, Electricity, Energy markets / By

Michael Giberson As a result of their good-faith negotiations and the commendable efforts of the Commission-provided facilitator and mediation specialists, the parties reached consensus regarding revisions to the Market Monitoring Plan in the PJM Open Access Transmission Tariff (“PJM Tariff”). The parties also reached consensus regarding revisions to terms in the Operating Agreement … on …

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Justin Wolfers Writing on Prediction Markets and the Presidential Campaign for the Wsj

2 Comments / Economics, Politics / By

Michael Giberson A prediction market is a bit like the stock market, except that you are buying shares whose value depends on the success of a political candidate, rather than the profits earned by a corporation. And just as stock prices are a useful barometer of the health of a company, so too the price …

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Nanotechnology Can Improve Energy Storage

Economics / By

Lynne Kiesling How cool is this? Stanford researchers have found a way to use silicon nanowires to reinvent the rechargeable lithium-ion batteries that power laptops, iPods, video cameras, cell phones, and countless other devices. The new version, developed through research led by Yi Cui, assistant professor of materials science and engineering, produces 10 times the …

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Epa Ruling: States Can’t Set Own Ghg Vehicle Standards

1 Comment / Economics, Environmental policy / By

Lynne Kiesling Here’s an interesting article on yesterday’s EPA decision not to let a subset of states set carbon automobile emissions caps. This issue has been brewing for a couple of years, with 17 states arguing that the lack of federal activity to set a federal greenhouse gas emission standard means that states can act …

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Retail Choice and Green Power: Informed Consumers

2 Comments / Economics, Electricity, Environmental policy / By

Lynne Kiesling I firmly believe that retail choice in electricity has instrumental value in and of itself: choice qua choice is a good thing and should be an important policy goal in electricity restructuring, independent of utilitarian evaluations of the outcomes of free choice. There are, though, several ways that free choice and the removal …

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Ron Bailey’s Bali Observations at Reason

1 Comment / Economics, Electricity, Energy markets, Environmental policy / By

Lynne Kiesling I am late to the party because I was grading last week, but I commend to your attention Ron Bailey’s first, second, third, and fourth essays from the United Nations conference on climate change in Bali over the last two weeks. Ron is a thoughtful analyst of the climate change questions, and that …

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More on Pepco’s Electricity Metering and Pricing Pilot

Economics, Electricity, Energy markets / By

Lynne Kiesling Let me extend the discussion of the Washingto Post article on Pepco’s metering and pricing pilot that Mike mentioned yesterday. I have not discussed these pilots with anyone at Pepco, nor have I been able to glean any information from their website. Here’s a PR hint, guys: if you have a cool pilot …

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Good Data from Online Ticket Sales and Resales Help Reveal Ticket Resale Market

4 Comments / Economics, Music, Professional sports / By

Michael Giberson Today, December 10, 2007, StubHub announced that the ten millionth ticket was recently exchanged through the site. The company said that the exchange involved a pair of tickets to next Sunday’s game between the Green Bay Packers-St. Louis Rams in St. Louis. In a pattern perhaps typical of many exchanges on StubHub, a …

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