Energy markets

Students of Energy in Universities Today Will Find Themselves in a New World Tomorrow

1 Comment / Education, Energy markets / By

Michael Giberson The post title is drawn from the conclusion of Roland Horne’s essay, “The future of petroleum — and of petroleum education.” The essay runs through a peak oil explanation – citing advocates and critics of the concept – and offers a sort of mild endorsement of peak oil theories. However, Horne suggests that …

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Financial Theories Can Aid in Improving a Utility’s Fuel Mix Diversity

Economics, Electricity, Energy markets / By

Michael Giberson Recently Southwestern Public Service (SPS), a local utility affiliated with Xcel Energy, issued two RFPs seeking wind power and dispatchable power resources. Among the language in both RFPs, an assertion that in evaluating the proposals “SPS seeks to diversify and minimize the development risk in its selected portfolio.” But, ideally, they should aim …

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FERC Pushes RTOs on Demand Response, Shortage Pricing, and Other Wholesale Market Design Tweaks

Electricity, Energy markets / By

Michael Giberson On October 16, FERC directed operators of regional transmission systems with integrated wholesale power markets (i.e. RTOs and ISOs) to take additional steps to accommodate participation of demand response resources, and to ensure energy pricing rules appropriately reflect shortage conditions. The new regulations also require the organizations to take actions intended to support …

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Price Gouging: One Way to Avoid the Law’s Reach is to Always Charge High Prices

3 Comments / Energy markets, Politics / By

Michael Giberson The headline of this Q & A exchange in the Orlando Sentinel gets it right: “It’s only price gouging if you do it occasionally.” Under Florida’s price gouging law, “it is unlawful to sell essential commodities, which include food, ice, lumber and gasoline, for an amount that ‘grossly exceeds’ the average price for …

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Smart Garage: Where Your Electric Car Links Up with the Smart Grid

1 Comment / Electricity, Energy markets / By

Michael Giberson A post by Andrew Demaria at Environmental Lovins descibes one vision for how electric cars could link up to the smart grid: As I go about my evening’s business, preparing some food before heading out to meet friends at the bar, I am oblivious to what is happening in the garage. The car …

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Offshore Wind Power Proposal Rises from the Pacific, and Other Offshore Wind Power Stories in the News

4 Comments / Electricity, Energy markets, Environmental policy / By

Michael Giberson Typical offshore wind power projects — actually there are not enough projects in existance to talk about “typical projects”, so let’s say “typical offshore wind power proposals — envision embedding the turbines into the ocean floor. Not a problem off the U.S Atlantic Coast or in the Gulf, where the ocean is relatively …

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Even Oil Market Processes Are About the Interaction of Supply and Demand

1 Comment / Economics, Energy markets / By

Lynne Kiesling With all of the blather about how an economic downturn will reduce the demand for oil, and with oil prices hovering around $80 right now, this WSJ Environmental Capital post is a welcome reminder that market processes are about the intersection of supply and demand. An economic downturn will also reduce the resources …

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Why a Big Increase in “Green Jobs” Might Be a Bad Sign

8 Comments / Energy markets, Environmental policy, Politics / By

Michael Giberson The U.S. Conference of Mayors trumpets a study predicting a boom in green jobs. (A green job, for this study, is a job “devoted to the reduction of fossil fuels, the increase of energy efficiency, and the curtailment of greenhouse gas emissions.”) According to a groundbreaking study establishing a national Green Jobs Index, …

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