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 …
More on Pepco’s Electricity Metering and Pricing Pilot Read More »
Michael Giberson There’s evidence that, because of the repeated auctions, generators can figure out each other’s bidding strategies and when the market has to have their power. If a bidder knows the market has to have some of its power, it can name its price. That’s Marty Schladen, of The Daily News of Galveston, Texas, …
Electric Power Restructuring: Notes from Texas and Washington, D.c. Read More »
Michael Giberson Gunnar Birgisson at the Energy Legal Blog provides an update on electric power capacity market developments: No Common Denominator on Capacity Markets. (What? No “common denominator” more than a year and a half after Peter Cramton and Steven Stoft declared, “The Convergence of Market Designs for Adequate Generating Capacity“? As Cramton and Stoft …
Capacity Markets and Other Stories of Energy, Policy and Economy Read More »
Michael Giberson A research paper describes the benefits of linking up wind power farms before connecting wind power to the grid. Discovery News reports: [R]esearch shows that if the farms were linked to each other first before delivering the electricity to the country’s grid, wind could offer steady, dependable power at a cost lower than …
Linking Wind Farms Can Help Average Away Problems with Intermittency Read More »
Michael Giberson The RGGI auction design final report released in October 2007, which contains the proposed auction design for the sale of RGGI CO2 permits, overall presents a thorough examination of the market design problem and a well-thought out justification for their final design proposal. There is, however, one serious flaw that threatens the efficiency …
Michael Giberson Marty Schladen, a reporter for The Daily News out of Galveston, Texas, has a four-part series on the state’s electric power restructuring. I’ve only just read the third article which offers a thumbnail sketch of the career of Samuel Insull (with unusual depth and context for a newspaper article): Insull revolutionized the electricity …
Power Play: News Series Examines Texas Electric Power Industry Restructuring Read More »
Michael Giberson Courtesy of industry thinker Jeffrey D. Roark comes this contribution to understanding some of the differences between power produced in “regulated” and “deregulated” states. Click on the image to see a larger version. Charts were developed using the EIA data cited in the image. Roark draws attention to two points: first, that the …
Generation Shares by Fuel Type: Regulated and Deregulated States Read More »
Michael Giberson Rich Sweeney, at Common Tragedies, writes about three common characters that populate some of the industrial/bureaucratic commentary over cap-and-trade carbon permit systems: hoarders, speculators and do-gooders. A hoarder may be a low-carbon intensity electric generator seeking to bid up the cost of carbon permits to drive up costs for rivals and drive up …
Cap-And-Trade Characters: Hoarders, Speculators and Do-gooders Read More »
Michael Giberson From the Baltimore Sun, columnist Jay Hancock highlights part of one story buried in the most recent report on the dispute between PJM and its Market Monitoring Unit (MMU). Hancock writes: On Sept. 14, 2004, a tipster urged electricity administrators to investigate a power generation plant that seemed to be charging extra-high prices …
Pjm, Its Market Monitoring Unit, and the Hotline Tipster’s Allegation of Market Power Read More »
Michael Giberson An article online at the Wall Street Journal (free!) provides a quick overview of green power options available to retail customers. Typically consumers pay a small premium for green power, but in Austin consumers participating in the GreenChoice program actually gain a small discount. (Higher natural gas prices have driven up the cost …
Green Power Options for Retailed Consumers Described Read More »
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