Integrating reliability-must-run practices into wholesale electricity markets

One of the challenges of electric power market design comes in the need to consider the consequences of design choices for both market outcomes and grid reliability. Strictly speaking, the two kinds of consequences are not neatly separable, as market choices affect system reliability and system reliability affects market outcomes. The interaction between the two … More Integrating reliability-must-run practices into wholesale electricity markets

The Need for Electricity Retail Market Reforms

Lynne Kiesling and I have an article in the Fall 2017 Regulation magazine asserting “the need for electricity retail market reforms” (PDF). Our general theme is, as the subtitle puts it, “An innovative 21st century retail electric power market is within reach, but won’t emerge until we ditch 20th century regulations.” We begin: School budgets always seem tight, so … More The Need for Electricity Retail Market Reforms

Early reactions to the DOE grid reliability study

The much anticipated, objected to, lobbyied about, editorialized on US Department of Energy study on electric grid reliability, markets, and policy has finally been released. Finally us commenters will actually know what we are talking about. Maybe. You can find the report on the DOE website along with Secretary Perry’s cover letter. I may comment … More Early reactions to the DOE grid reliability study

The weak case for continued regulation of the electric power industry

In today’s Wall Street Journal special section on energy issues, a pair of articles presents the case for and against restructuring the electric power industry to introduce more competition. In favor of reform is Andrew Kleit: “YES: It Is the Best Way to Lower Costs and Increase Innovation.” In favor of the traditional regulated electric utility … More The weak case for continued regulation of the electric power industry

Op-ed urges Michigan not to reregulate retail electric power

In this morning’s Detroit News appears an op-ed about a utility-supported proposal in the Michigan legislature that would dramatically limit and perhaps extinguish the state’s sixteen year old effort allowing retail choice in electric power. The introduction: Do Michigan consumers want to go forward or backward in reducing their electric bills and modernizing the state’s … More Op-ed urges Michigan not to reregulate retail electric power

Baseload electric generating capacity is exciting…

Baseload electric generating capacity is exciting… wait, no … baseload capacity is exiting areas served by regional wholesale power markets, and the owners of these assets and some state policymakers are anxious to solve what they imagine to be a problem. Utility Dive has a good story on the topic, “Re-regulation on the horizon? State plant … More Baseload electric generating capacity is exciting…

BLM rejects environmentalist offer to buy and hold federal oil and gas leases

In February 2016, Utah environmentalist and author Terry Tempest Williams offered to purchase two federal oil and gas leases on property near her home in Southern Utah. Her intention, as stated in a column later appearing in the New York Times, was to keep the resources in the ground “until science finds a way to … More BLM rejects environmentalist offer to buy and hold federal oil and gas leases