Any day is a good one when I channel Tyler Cowen, who points us to an article in the Washington Post on decentralized power. This New York Times article from last week about Hen Island points out many of the same strategies for removing yourself from grid reliance. Technological change in generators and in solar …
The retail electricity deregulation oped that Vernon Smith and I wrote on Wednesday is available at the Reason website.
This table from the Energy Information Administration at the DOE indicates some estimates of the cost per mile of constructing different types of power lines: 60 kv, wood pole: $120,000-130,000 230 kv, steel pole, double: $230,000-550,000 230 kv underground: $3,700,000 Yes, that’s 3.7 million for a single high voltage wire, per mile. And that was …
Chris King at eMeter sends me the following information as a follo-up to Vernon’s and my oped today: Re your editorial, the equipment cost hierarchy you presented is debatable. Regarding load control, the expense is higher than implementing advanced metering, since the device cost is about the same (around $50), but installation is much more …
Yesterday I had a lovely conversation with Don Luskin while he was working on his National Review Online column and his blog post on Paul Krugman’s silly column on the blackout. It was a delightful chat about deregulation, the benefits of being more interconnected, and the value creation that comes through markets. Don said it …
My Conversation With Don Luskin About Electricity Read More »
This New York Times article suggests that sharp wholesale electricity price spikes last Friday dissipated quickly, and did not result in a lot of profits for the traders.
NIMBY concerns threaten to stymie attempts to build more power lines, which is one reason why we should enable customer retail demand response as a tool to empower consumers and to stabilize the grid.
Vernon Smith and I have a commentary in today’s Wall Street Journal (subscription required). A systematic rethinking of the power demand and supply system — not just transmissions lines — is required to bring the energy industry into the contemporary age. Eighty-five years of regulatory efforts have focused exclusively on supply — leaving on dusty …
This Chicago Tribune article provides an example of how technology and intelligent monitoring can empower customers to use less energy, just by being informed about your actual consumption, which is a capability that the standard watt meter does not possess.
The blackout last Thursday has produced some hyperbolic hysteria about the perils and vulnerability that come with being so interconnected. But decentralized interconnection is also a source of stability and growth, both physically and economically. Albert-Laszlo Barabasi, a physicist and author of Linked FINISH, had an oped in Saturday’s New York Times about the pros …
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