Electricity

Resource Adequacy, Investment, and Capacity Markets in Electricity

7 Comments / Electricity / By

Lynne Kiesling Resource adequacy is the current hot topic in electricity policy. Fueled by the glacially incremental restructuring process in the states and concerns about service reliability in this persistent policy limbo, states and regional system operators have explored a variety of means of providing forward-looking reliability incentives in the absence of the regulatory mandate …

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Some Random Thoughts About Yesterday’s La Blackout

3 Comments / Electricity / By

Lynne Kiesling We wouldn’t have paid so much attention to this if it hadn’t happened in LA. Human error in this case was a maintenance worker not following procedures for reconnecting a wire that had been accidentally cut; reconnecting two lines at different voltages leads to power surge. Or at least that’s my non-engineer understanding …

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More On Power Markets And Reliability

Electricity / By

Michael Giberson A reader points out a newspaper article that amplifies the point I was making yesterday concerning electric power markets and reliability. Peter Key writes in the Philadelphia Business Journal: Improved coordination among power-grid operators and the spread of locational pricing of electricity are two reasons why [the grid has operated smoothly during this …

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Methane Capture In Bangladesh

4 Comments / Economics, Electricity, Energy markets, Environmental policy, How cool is this? / By

Lynne Kiesling Check out this Wired article about methane capture from a trash dump in Bangaledesh. Methane capture technology can serve three objectives here: generating power, improving the utilization of the dump, and creating fertilizer that can enrich the thin soil in the area. When it gets going, this system can produce enough electricity to …

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Pete Boettke On James Buchanan, And Implications In Electricity

Economics, Electricity, Liberty / By

Lynne Kiesling At the new Austrian Economists blog, Pete Boettke has a very nice post on autonomy and how freedom and responsibility affect economic models. His discussion gives some insights into the ideas underpinning James Buchanan’s work, as Pete learned it and teaches it in his courses. He reminds us of the extent to which …

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Vernon Smith’s Electriciy Op Ed In Today’s Wall Street Journal

6 Comments / Electricity / By

Lynne Kiesling This weekend marks the two-year anniversary of the Northeast blackout. Today the Wall Street Journal has published a commentary from my colleague Vernon Smith that reflects on the state of electricity restructuring. One main theme of his commentary is that our failure to separate the energy commodity transaction from the wires transaction has …

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“Le Parfait Est L’ennemi Du Bien” In Technology Choice

3 Comments / Electricity, Environmental policy / By

Lynne Kiesling Last week Rob at Peak Oil Optimist commented on an environmental group’s position on the construction of an integrated gasification combined cycle (IGCC) power plant in the Pacific Northwest. They contend that the technology is just not needed because of other available means of renewable power and demand reduction. Rob correctly and nicely …

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