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 …
Michael Giberson I have been reading the Transmission Access Policy Study Group (TAPS) June 2004 report, ?Effective Solutions for Getting Needed Transmission Built at Reasonable Cost.? [PDF] TAPS is an ?informal association of transmission-dependent electric utilities located in 35 states.? The members are primarily municipal and cooperative utilities that may own some generation and transmission …
Why Did Investment In Transmission Peak In 1982? Read More »
Lynne Kiesling This conversation raises a challenging point, one that I struggle with constantly — how do we communicate complex technical issues to people who have little or no background knowledge of the subject? Probabilistic issues are a constant source of this challenge. For what I’m working on right now, the primary challenge is in …
Michael Giberson Tom Casten, CEO of Primary Energy, gave a rousing keynote speech to the International Association of Energy Economists last July in which he argued that about 30 years ago the economics of power generation tipped in favor of decentralized combined heat and power projects. Unfortunately, large centralized power generation is what power companies …
Lynne Kiesling Ever since returning from the CMU conference I’ve been pondering the ideas that Mike discussed in his previous post. Conceptually, there’s a big tension that is at the core of these discussions: does command-and-control centralization to reduce transaction costs work? Here’s the issue, I think. The SMD proposal(s) establish centralized platforms, RTOs, in …
A Coda To Mike’s Comments On Smd Or Something Like It Read More »
Michael Giberson At the Carnegie Mellon transmission and distribution conference last week, there were a lot of disparaging remarks concerning FERC?s standard market design (SMD) push. Some of the critics favor development of ?RTO light? ? perhaps including independent management of the transmission grid, but not necessarily LMP with financial congestion rights, etc. Others advocated …
Lynne Kiesling Am geekily blogging the Carnegie Mellon transmission and distribution conference today … this morning saw one fascinating presentation from Kurt Yeager, CEO of EPRI, titled “A Bold Visions for Transmission and Distribution”. Yeager starts from the point that we are experiencing fundamental transformation and disruptive change, especially technological change. Yet the pace of …
Lynne Kiesling Well, I must have crossed to the dark side too, because I would have like to attended the FERC technical conference today that Mike mentioned in his post below. However, since I couldn’t do so, as a substitute I offer this Reason Public Policy Institute study that Adrian Moore and I wrote on …
Michael Giberson Maybe it is a sign that I have a warped soul, or perhaps I have gone over to the dark side. Whatever. In any case, what sounds really interesting and fun to do today would be attending a Federal Energy Regulatory Commission technical conference on Transmission Market Power and Barriers to Entry. Alas, …
Lynne Kiesling Last week Mike wrote this depressing post about the potentially pathetic fate of BPL at the hands of the regulatory focus on cost recovery. In the comments to the post the topic of interference came up; in particular, shortwave radio operators have expressed concern that the data transmissions over power lines will interfere …
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