Energy markets

The Vast Electrical Sponge Provided by V2g Technology

Michael Giberson In the realm of more-enthusiasm-but-no-more-analysis for vehicle-to-grid (V2G) technology, Fereidoon Shioshansi at the EU Energy Policy Blog asks, “Will V2G Evolve Into A Great Electrical Sponge?”  He asks the question, and it is an excellent question to ask, but he doesn’t answer it. Instead we get a little taste of claims made by …

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Crude Oil Prices in 2008: Was the Spike a Bubble?

Michael Giberson In the physical world, spikes and bubbles are quite different things that don’t generally get mistaken for one another.  Curiously, in economic metaphor, the same phenomena can be called a spike and a bubble.  Argument among economists continues on the issue of whether the oil price spike in 2008 was or wasn’t a …

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Georgia Bill Would Add Useful Flexibility to Price Gouging Law

Michael Giberson A bill passed by the Georgia state senate would add some helpful flexibility to the state’s anti-price gouging law.  The primary purpose of the bill would be to allow the state to limit the range of items for which the price gouging rules will be enforced based upon the nature of the emergency.  …

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Incentives for Efficient Use of Storage in Electric Power Systems

Michael Giberson In the most recent Energy Journal, Ramteem Sioshonsi has an article examining the welfare effects of the incentives to use energy storage in electric power systems. (“Welfare Impacts of Electricity Storage and the Implications of Ownership Structure,” See volume 31:2 here.) He considers the incentives faced by consumers, generators, and merchant energy storage …

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Power Exchange Regimes in Europe

Michael Giberson At the EU Energy Policy Blog, Leonardo Meeus discusses the current organization of power exchanges in Europe. Meeus describes both private merchant exchanges and state regulated exchanges and notes the differing incentives of the two types, focusing on the effects on efficient cross-border exchange. Meeus’s post draws from his recent working paper, “Why …

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Ohio Cities to End Natural Gas Purchasing Initiative

Michael Giberson Via Tim Haab at Environmental Economics, a news story from The Columbus Dispatch reporting that five Columbus suburbs were ending a program in which the communities bought gas on behalf of residents that didn’t opt for another supplier. “There’s really not a need for government to be in it,” said Dana McDaniel, Dublin’s …

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Responding to Consumer Concerns over Smart Meters

Michael Giberson Smart meters have run into a bit of consumer resistance.  Some of us – no doubt crazed by the energy-econ-techno-lust possibilities – imagined that smart meters would be greeted by consumers with smiles and good cheer, and just maybe a tear or two of gratitude trickling down the consumers’ cheeks as they thank …

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Tres Amigas Gets Half a Loaf from Ferc, Tips on Gaining Other Half

Michael Giberson On March 18, the Federal Energy Regulatory Commission acted on the Tres Amigas project’s two regulatory requests submitted last October.  Tres Amigas has proposed to link the large scale power interconnections covering the eastern and western halves of the United States with the ERCOT interconnection in Texas.  The New Mexico-based project would facilitate …

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Should We Pick Up the Pace?

Michael Giberson “PACE” stands for “Property Assessed Clean Energy.”  It is a financing tool through which cities sell bonds and then loan the proceeds to property owners to improve building energy efficiency.  The loans are repaid via a dedicated taxing mechanism.  A Milken Institute event on PACE financing described it in more detail: In the …

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