Lynne Kiesling Here’s one reason why I’ve been so incommunicado for the past few weeks: Retail Electricity Deregulation: Prospects and Challenges for Dynamic Pricing and Enabling Technologies, a paper for the new Searle Center Annual Review of Regulation at Northwestern University. Here’s a teaser from the introduction: Optimistic expectations from the 1990s restructuring changes have …
Michael Giberson Last December I posted a few comments on a study by John Kwoka that examined the methods of 12 studies on electric power restructuring and found them lacking. Among other things, I said, “Kwoka’s study, funded by the American Public Power Association, did not review the recently completed [study by Scott Harvey, Bruce …
Another Round of “Are We Better Off Because of Power Industry Restructuring?” Read More »
Michael Giberson When it comes to providing for generation resource adequacy in U.S. regional power markets, FERC has generally walked a pretty fine line. On the one hand, FERC has tended to acknowledge the primary role that historically has been played by state law and policy. On the other hand, when regional power markets have …
Michael Giberson In the Fort Worth Star-Telegram, Jim Fuquay tries to answer the question that may be on the mind of power traders in Texas and elsewhere: When is electricity trading illegal? “They exercise market power. They just come right out and tell you,” [energy market consultant Steven] Stoft said of his experience working for …
Texas Newspapers Asks, “When is Electricity Trading Illegal?” Read More »
Lynne Kiesling I’d like to chime in a little bit on the point that Mike just raised about state lawmakers and retail competition. Although there’s plenty of blame to go around with respect to the inertial state of retail competition, I believe the primary cause is the incentives facing state legislators. State regulators operate under …
Michael Giberson A letter sent to FERC commissioners by a couple of high-paid economic consultants starts innocently enough: In light of two recent decisions of the United States Court of Appeals for the Ninth Circuit, we write to identify concerns regarding the analysis presented in the Federal Energy Regulatory Commission (“FERC” or the “Commission”) Staff’s …
Did the Court’s Billion Dollar Result Rely on Invented Analysis by Commission Staff? Read More »
Michael Giberson FERC Chairman Joseph Kelliher reached out to state policy makers in an effort to pass the blame for any failures of competitive retail power markets. As reported by Platts Electric Power Daily, in remarks to the American Bar Association Kelliher said some states have incorrectly blamed what they call lack of competition in …
FERC Chairman: State Lawmakers to Blame for Retail Competition Failures Read More »
Lynne Kiesling Jerry Ellig had a commentary in the Richmond Times-Dispatch last week about retail electricity choice in Virginia. The state’s governor and legislature, ignoring evidence that shows the benefits of retail choice and that customers actually, actively want retail choice, have decided that customers can’t be trusted to make that determination for themselves. They …
Michael Giberson PJM announced publicly earlier this week that it intended to reorganize its market monitoring function, and was leaning toward securing an external market monitor to replace its long standing internal market monitoring unit. PJM has been unique among U.S. regional power markets in lacking an external monitor or any official outside market adviser. …
Pjm Market Monitor Reports Interference from Management Read More »
Lynne Kiesling I’ve been so head-down-focus-focus-focus for the past couple of weeks that I have neglected to link approvingly to the Wall Street Journal’s Energy Roundup blog, which is consistently chock full of good stuff. Take, for example, Mark Gongloff’s post about global-warming-adaptive investment strategies, arising from Charles Easterbrook’s April Atlantic Monthly article on the …
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