Michael Giberson Ken Silverstein has a column about restructured retail electric power markets up at EnergyBiz Insider. He’s collected a variety of viewpoints and generally provides an update on the current state of things. He saves the fun part until nearly the end, where he quote Andrea Morrison, regulatory affairs director of Strategic Energy: With …
Lynne Kiesling On Friday another retail electricity rate increase took effect in Maryland, bringing the total increase in retail rates since the removal of price caps to 70 percent. This increase has occurred during a time when natural gas prices have risen by almost 100 percent, so the cost of generating power (particularly peak hour …
Two Articles on Maryland’s Electricity Price Increase Read More »
Lynne Kiesling In the comments to my carbon market post from Friday, D. F. Linton asks this very good question: How does one invoke Hayek in one breath and the speak of “designing” a market in the next while keeping a straight face? Good question, and one I struggle with every day as an economist …
Reconciling A Hayekian/organic Approach With “Designing” Markets Read More »
Michael Giberson Via the Associated Press and San Diego Union-Tribune: PHOENIX – Saying they won’t hurt Arizona utility customers to benefit Californians, [Arizona] state regulators on Wednesday rejected a utility’s plan to build a $581 million cross-desert power transmission line to carry electricity generated at plants in Arizona to customers in California. In an essay, …
Lynne Kiesling Earlier this week there was a good story in the New York Times on energy efficiency and increasing industrial and commercial interest in improving their energy efficiency. In talking about getting utilities more interested in inducing their customers to implement more efficient technologies, the article notes that Opportunities like this abound in the …
NYT Story on Energy Efficiency, But Where Are The Prices? Read More »
Lynne Kiesling Sadly my 15 minutes of television fame came over Memorial Day weekend, but you can go watch last Friday’s Newshour with Jim Lehrer story on Illinois electricity. The piece gives a decent overview of the situation in Illinois, where the 10-year-old retail rate freeze has been lifted, inconveniently at a time of rising …
Lynne Kiesling The subject has roiled for the past few months: if the balance of the evidence has shifted toward the value of our taking more actions to reduce our greenhouse gas emissions, should the U.S. implement a carbon tax or a carbon market? Stated that bluntly, and based on centuries of experience with taxes …
Carbon Tax or Cap & Trade: Does It Matter Which One? Read More »
Lynne Kiesling Harvard economist Ed Glaeser has a nice column in today’s Boston Globe in which he proposes a “road map for environmentalism” (HT to Greg Mankiw). I think it’s a thoughtful and substantially correct analysis and pragmatic set of proposals; in particular, his emphasis on the importance of rethinking current policies and the extent …
Michael Giberson The folks that do technology site CNET have launched an online business magazine at www.BNET.com. Among the items of interest (at least to me) now on BNET: A discussion with the CEO of Erickson Retirement Communities which covers, among other things, practical applications of prediction market Inkling. A podcast that includes New Yorker …
Michael Giberson Via the Associated Press and MSN Money: [Michigan’s] Democratic House Speaker Andy Dillon has floated the idea of taxing utilities, possibly in exchange for eliminating the law that opened electricity markets to competition. So, Dillon is offering consumers the opportunity to be taxed more in return for having the possibility of retail competition …
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