Michael Giberson Enron was an unusual place, a source of many innovative business practices, not all of which turned out to be fraudulent. A pair of economists have found evidence that the creation of the EnronOnline trading platform contributed to market efficiency. According to a study by Donald Murry and Zhen Zhu, the two year …
Lynne Kiesling Over at Truck and Barter Ian cook has a post on a new nanotech solar achievement. This company claims to have used nanotech’s self-organizing properties to get the cost of generating power using solar energy to 5 cents per kilowatt hour. I hope that this breakthrough is robust. Another solar nanotech entrepreneur is …
Lynne Kiesling My first stab at answering the question at the end of my previous post starts with what I think is a basic claim, but one that does not get discussed much, or well, in electricity policy debates: All other things equal, organic competition outperforms ordered/managed competition in delivering long-run dynamic benefits to both …
Difficult Thinking About Institutional Change Ii: Organic Or Ordered Competition? Read More »
Lynne Kiesling My first stab at answering the question at the end of my previous post starts with what I think is a basic claim, but one that does not get discussed much, or well, in electricity policy debates: All other things equal, organic competition outperforms ordered/managed competition in delivering long-run dynamic benefits to both …
Difficult Thinking About Institutional Change Ii: Organic Or Ordered Competition? Read More »
Lynne Kiesling Those of you who read KP for commentary and analysis of electricity regulatory policy (and I thank you sincerely for doing so!) have probably noticed a relative dearth of such commentary and analysis in the past couple of months. I can’t speak for Mike, but the truth is that for my part, I …
Difficult Thinking About Institutional Change I: A Claim And A Question Read More »
Lynne Kiesling There’s an interesting Slashdot thread today about EPRI’s offshore wave power demonstration project. What’s interesting to me about the thread is not just the feasibility report, but the information about various other “green energy” technologies that is contained in the comments. This commenter points out that all of those appliances that we take …
Lynne Kiesling On Friday the Federal Energy Regulatory Commission released a staff report on reactive power. This extensive and thoughtful report is a useful contribution to advancing the policy debate about institutions governing the electric power network in a changing and increasingly distributed and market-oriented environment. This report digs down into the technical and economic …
FERC Staff Report On Reactive Power: Part Of The Institutional Change Process Read More »
Lynne Kiesling The California PUC has directed the three investor-owned utilities in the state under its jurisdiction to develop critical peak pricing plans for summer 2005. From a Los Angeles Times article, The California Public Utilities Commission directed the state’s three investor-owned utilities, including Edison International’s Southern California Edison Co., to install special meters and …
Critical Peak Pricing Isn’t Ideal, But It’s A Start Read More »
Lynne Kiesling Today the Chicago Sun-Times is running a story by Mary Wisniewski about the Energy Smart Pricing Plan, a residential demand response program that has been running in northern Illinois for two years. One of our many long-cherished preconceptions of the demand for electric power services is that residential customers do not respond to …
Sun-times Article On Residential Demand Response Program Read More »
Michael Giberson In ?Regulation by Network,? Amitai Aviram explains how opportunistic behavior is disciplined when markets are networked, and how regulation in networked worlds differs from regulation by private enforcement of contracts or regulation by government. This article came to mind last night as I was reading Dana Gioia?s ?Fallen Western Star,? his account of …
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