Michael Giberson At the Freakonomics blog, James McWilliams offers a review of sorts of Robert Bryce’s new book Power Hungry: The Myths of “Green” Energy and the Real Fuels of the Future. McWilliams reports that the book is “a sustained attack on our irrational infatuation with wind and solar power.” Part of Bryce’s “sustained attack” …
Per Capita Energy Consumption Has Declined in the United States Read More »
Michael Giberson A paper by Giorgia Oggioni and Yves Smeers, “Degree of coordination in market-coupling and counter-trading,” examines the value of improving coordination between separate-but-interconnected power markets. (A post here last week cited a recent Windpower Monthly article that provides a good non-technical discussion of the issue. If you are not familiar with market coupling, …
Michael Giberson I found this discussion of spot oil prices, futures prices, and commodity storage to be insightful: [R]ecent evidence suggests that the combination of derivative prices and storage stabilized rather than destabilized the oil markets. Indeed, during the run up in oil prices at the beginning of 2008 the spot price for oil was …
Derivatives Markets, Storage and Price Volatility Read More »
Michael Giberson Windpower Monthly has a great article describing changes in the market for transmission capacity between power systems in Europe and the benefits of the changes. Here is a summary by way of selected quotes, but the full story is worth reading: Most of the electricity cables connecting Europe were built when electricity systems …
The Right Market Design for Trade Between Power Markets Read More »
Michael Giberson And while linking to the Master Resource blog (as I did in the prior post), check out Guillermo Yeatts’s excellent article posted this morning, “Subsoil Oil and Gas Privatization: Private Wealth for the Common Good.” Privatization, or at least partial privatization, has been tried and has failed in several Latin American countries, as Yeatts …
On the Development of Mineral Resources in Latin America Read More »
Michael Giberson In January we noted the Federal Energy Regulatory Commission’s questions concerning the integration of “variable energy resources” to the electric power grid. FERC asked for comments; over 120 comments have been submitted in reply (so far). Peter Behr, of ClimateWire, characterizes some of the positions submitted in the FERC inquiry in an article available …
Integrating Variable Energy Resources to the Electric Power Grid (cont.) Read More »
Michael Giberson Kate MacKenzie at the FT Energy Source blog asks, “Are policymakers, economists and peak oilists starting to speak the same language?” A rash of papers, comments and interviews have made us think this recently. It’s not as simple as ‘policymakers are waking up to peak oil’, but that all those groups — and …
Michael Giberson According to Accenture, 46 percent of consumers surveyed said they didn’t want smart grid-based energy management systems if it leads to higher electricity bills. My guess is that the other 54 percent of consumers didn’t understand the question. The summary distributed by Accenture contains several other bits of should-be-obvious information – consumers are …
Lynne Kiesling We were in Columbus, Ohio over the weekend and early this week and, not surprisingly, the airwaves were full of news of a new ad campaign to rehabilitate ethanol and, in the words of one of the news stories we heard, “correct myths about ethanol”. So are they saying that it’s a myth …
Michael Giberson The New York Independent System Operator has release a report, “Energy Storage in the New York Electricity Markets” (March 2010). The report offers an overview of existing grid-connected energy storage in New York, recent developments, and potential for further changes in the next several years. It is a good basic discussion of energy …
“Energy Storage in the New York Electricity Markets” Read More »
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