Michael Giberson Also in the Spring 2011 issue of Regulation magazine is Andrew Kleit’s article on a proposed Pennsylvania Power Authority. In the course of explaining why such a state power agency would be a bad idea, Kleit explains a lot about how the wholesale power market works in Pennsylvania (and elsewhere). Noteworthy is Kleit’s …
Would a ‘pennsylvania Power Authority’ Be Good for Pennsylvanians? Read More »
Michael Giberson Last September I asked, “Will faking a consumer cartel help make power markets more efficient?“, “Does FERC really want to go down this path?” and “Do they really think that faking a consumer cartel will help make wholesale power markets work more efficiently?” The answer to the first question is “no, it won’t make markets …
Update on “Will Faking a Consumer Cartel Help Make Power Markets More Efficient?” Read More »
Michael Giberson From the Eugene, Oregon Register-Guard, “Critics say BPA drops ball while juggling its power“: So much electricity flooded Pacific Northwest powerlines last spring — thanks to rainy, stormy weather powering hydroelectric and wind turbines — that this spring, a federal agency wants the option of turning off wind turbines to keep the system from …
BPA Still Won’t Pay Negative Prices to Get Wind Power Producers to Curtail Read More »
Lynne Kiesling As you energy gurus know, CERA is one of the leading consulting firms in the energy space, and hosts an increasingly popular event called CERA Week — rather like the Davos of the energy world! In support of the event this past week, CERA has splashed out for two large advertising sections in …
Michael Giberson Dr. Ahmad Faruqui of The Brattle Group and Dr. Mark Toney of TURN discuss dynamic pricing for retail electric customers in a February 17, 2011 event in San Francisco. Part 1: [vimeo 20206833 w=600&h=400] Part 2 Q&A: [vimeo 20216539 w=600&h=400] I’ve only had time to watch a bit of this, but with Faruqui and Toney …
Faruqui and Toney Debate Smart Meters and Dynamic Pricing Read More »
Michael Giberson A regulatory filing by Energy Futures Holdings Corp., the parent company of Luminant, a major power generator in the Texas market, provides a small peak behind the curtain of confidentiality that has limited the public’s view of what all went wrong on February 2. A small peak, but a significant story: In an …
Ercot Rolling Blackout News: Powerful Market Forces Already at Work Read More »
Michael Giberson Via Houston Chronicle‘s Fuel Fix, notice of hearings on the ERCOT blackout being held Tuesday morning, February 15. Live now and should be archived later. More information from FuelFix: Blackout investigations start up this week ERCOT blackout: Changes already made to emergency procedures UPDATE: A link to ERCOT CEO’s presentation to its board …
Ercot Blackout Hearings Underway in Texas State Senate Read More »
Michael Giberson The new International Journal of Industrial Organization is a special issue devoted to experimental analysis. Among the articles is research into automated market power mitigation procedures similar to the rules employed in the New York Independent System Operator. In brief, the authors find that automated conduct- and impact-based screening of offers succeeded in …
An Experimental Test of Automated Market Power Mitigation Finds the Procedures Work Read More »
Michael Giberson We know that several Texas generators were unprepared for the possibility of severe cold on February 2, and now comes word that at least one retail electric provider was similarly unprepared for the possibility of price increases. ERCOT real-time power prices jumped to about $3000/MWh for most of the emergency period that morning. …
Good News and Bad News from Price-spike Induced Failure of Retail Power Company in Texas Read More »
Michael Giberson A collection of news and commentary on the February 2 rolling blackouts on the ERCOT grid in Texas. KVUE: After blackouts, PUC member seeks authority to fire ERCOT CEO WFAA: Public Utility Commission grills ERCOT top exec on rolling blackouts Associated Press: Railroad Commission questions industry performance WFAA: Quest for cheap fuel led …
Roundup of News and Commentary on the Texas Rolling Blackouts Read More »
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