Michael Giberson Economists have devoted a great deal of attention to market power in electric power markets in the somewhat general, structural sense, but very little of that work focuses much attention on networked-nature of the industry. The network matters a lot – that’s one of the views well articulated in the Thomas, et al., …
The Role of Market Monitors in Electric Power Networks Read More »
Michael Giberson The cost of transportation, particularly when it is a significant part of the overall cost of a product, provides an incentive to try to place production facilities close to the final consumer. Of course, often it costs much more to build big production facilities close to consumers instead of further out, and consumers …
Michael Giberson Two years ago, the Federal Energy Regulatory Commission issued a staff report diagnosing problems with the way reactive power is procured, paid for, and used in the U.S. electric power industry. The report was widely recognized as authoritative and thoughful, and as laying well the foundation for further progress on the topic. As …
Michael Giberson The Fort Worth, Texas Star-Telegram reports that private capital groups Blackstone Capital Partners LP and the Carlyle Group are considering their own bid to take TXU private. While it may seem a little late in the day for a new bid – after all the TXU board has already approved the offer from …
Rival Bid for Txu? And What About the Politicians? Read More »
Lynne Kiesling On Wednesday the North Carolina Utilities Commission approved one of two new power plants for construction by Duke Energy. Duke Energy Corp. may build only one 800-megawatt coal-fired generator at its aging facility in western North Carolina, not the two the utility has sought for nearly two years, the state Utilities Commission ruled …
Duke Energy and Energy Efficiency: Nc Commission’s Decision Could Have Been Better Read More »
Lynne Kiesling I am currently in the Harrisburg Airport, awaiting my flight home after having spent the past day at Dickinson College in Carlisle, Pennsylvania. Dickinson College has an interesting history; Philadelphia physician and signer of the Declaration of Independence, Benjamin Rush, founded the college in 1783 as an educational institution to serve as a …
Using Technology and Prices to Empower Electricity Consumers Read More »
Lynne Kiesling TXU is going private. KKR and other private investors will acquire TXU and take it private. This is fascinating. Note from the press release two important things: the focus on environmental attributes of the deal, and $400 million planned for “demand side management”: Planned Coal Units Reduced from Eleven to Three, Preventing 56 …
Txu Going Private: Private Equity Buys Into Competitive Power Markets Read More »
Lynne Kiesling I’m late to the party, but check out this post from Randall Parker at FuturePundit about using nuclear and wind power to meet most of our electricity demand: Most drastically, we could halt all carbon dioxide emissions from electric generation (cutting out a third of US CO2 emissions) by switching to only non-fossil …
Michael Giberson There were several bits of competition-related news items in Friday’s Washington Post. Catching my interest were Steven Pearlstein’s column advocating against the XM-Sirius merger (See also Howard Kurtz article from Wednesday and Rob Pegoraro’s tech column on Thursday) and a story on the passage of a bill by the Virginia state legislature that …
Lynne Kiesling The Chicago Cubs will buy their power from Constellation New Energy, a competing retailer in Illinois (as well as several other states). Constellation will purchase the power from generators, transmit it to the local distribution network, where they will pay ComEd to distribute it to 1060 W. Addison St. [Note: technically, because of …
Retail Competition in Electric Power: The Chicago Cubs Go Shopping Read More »
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