Michael Giberson A shortened version of Michael Trebilcock’s commentary on wind power, mentioned here the other day, was published in the Financial Post under the not so subtle title of, “Wind power is a complete disaster.” The Financial Post subsequently published a reply by Sigurd Lauge Pedersen, a Senior Adviser to the Danish Energy Agency: …
Michael Giberson I’m not generally a fan of Jeremy Rifkind’s work. But, as a commenter is quoted as saying at the end of this BBC News report on Rifkind’s latest ideas for energy policy, “The world has room for visionaries.” At a Prague conference, Rifkind outlined a grand scheme for solving economic and energy problems …
Jeremy Rifkind, Thinking Big About Distributed Energy Resources Read More »
Michael Giberson From the Hartford Courant (May 11, 2009): A bill in the General Assembly that would force gasoline wholesalers to charge the same price to retail dealers across Connecticut would likely raise the price of fuel for most motorists and make the market less responsive to competition. Legislation to ban so-called zone pricing has …
Hartford Courant Editorializes Against Zone Pricing Ban in Connecticut Read More »
What is unusual about the retail electric power market in Lubbock? Is this regard is Lubbock a harbinger of the industry’s future or a relic of the industry’s past? Why?
Michael Giberson “Will you step into my parlor?” said the spider to the fly; “’Tis the prettiest little parlor that ever you did spy. The way into my parlor is up a winding stair, And I have many pretty things to show when you are there.” Jon Wellinghoff, the chief spider at the Federal Energy …
Michael Giberson Market-based approaches to regulating emissions are the new conventional wisdom, according to Robert Stavins, and it would be hard to disagree. Among proponents of regulating greenhouse gasses in the United States, the big debate is over which of two market-based approaches to regulating emissions should be pursued: emission tax or cap-and-trade. Is anyone …
A Problem with Market-Based Approaches to Emission Reductions Read More »
Michael Giberson In economic theory, in lab experiments, in practice – pretty much generally speaking – it is well established in economics that a uniform clearing price auction works better than a pay-as-bid auction in cases such as the spot markets for power operated by the NYISO and ISO-New England (and every similar market in …
Michael Giberson I don’t know about the rest of you university energy economists, but life in the classroom got a little tougher for me this Spring. Last Fall energy economics was on the front pages of the nation’s newspapers every week, nearly every day. Anytime I wandered into class a minute or two early, I …
Oil Shocker: Energy Economist Bids to Get Back on the Front Page Read More »
Michael Giberson In New York, a debate over the NYISO market design initiated by a report by Robert McCullough and committee hearings in the state legislature. The initial McCullough report asserted that the NYISO’s use of a uniform clearing price auction (the report calls it a “market-clearing price auction”, but “uniform clearing price” is technically …
Flawed Report, Subsequent Debate Should Advance Understanding of Nyiso Market Read More »
Michael Giberson Cogeneration plants, which use a fuel source to produce both electric power and useful heat, can be very efficient projects. Whether particular projects are efficient will depend on the implementation, of course, and whether projects are profitable will depend on fuel and other costs and the revenues from selling power and heat. From …
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