Electricity

What Institutional Framework for Electric Power Transmission?

Electricity, Networks / By

Michael Giberson From the EU Energy Policy Blog, Thomas-Olivier Léautier contemplates the factors that contribute to efficient investment and management of transmission systems: As power engineers and economists have known for a long-time, the transmission grid is essential to the operation of well-functioning electric power markets. Yet, grid expansion in several regions has been nil …

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

1 Comment / Economics, Electricity, Energy markets / By

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

3 Comments / Economics, Electricity / By

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

4 Comments / Economics, Electricity, Politics / By

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

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

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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More Coverage of the Gridwise Olympic Peninsula Project and Smart Grid

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

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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Regulation of Networks when Networks Cross Political Borders

Economics, Electricity, Networks, Politics / By

Michael Giberson The New Jersey experience illustrates one other key insight into regulation of a network. In a network industry such as electricity, where the network extends across state lines, it is possible for one state to exert significance externalities on others. The siting of transmission lines or an electricity generator in one state can …

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Programmable Thermostat Regulations in California: Big Brother or Control Freaks?

15 Comments / Economics, Electricity, Energy markets, Environmental policy / By

Lynne Kiesling Over the past week there has been quite a discussion online of the California Energy Commission’s proposal requiring mandatory customer thermostat reponse to emergency demand reduction signals. This New York Times article from Friday also discusses the CEC proposal, as does this ABC news affiliate story from San Francisco. See also the discussion …

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Gridwise Olympic Peninsula Project Final Report: Prices to People and Their Devices Lead to Savings and Reliability

13 Comments / Economics, Electricity, Energy markets / By

Lynne Kiesling Today’s New York Times has an article describing the results of the GridWise Olympic Peninsula Project, the year-long smart grid research project on price-responsive household technology, dynamic electricity pricing, and consumer behavior in which I participated: The demonstration project was as much a test of consumer behavior as it was of new technology. …

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