Energy markets

Capacity Markets and Other Stories of Energy, Policy and Economy

Michael Giberson Gunnar Birgisson at the Energy Legal Blog provides an update on electric power capacity market developments: No Common Denominator on Capacity Markets. (What? No “common denominator” more than a year and a half after Peter Cramton and Steven Stoft declared, “The Convergence of Market Designs for Adequate Generating Capacity“? As Cramton and Stoft …

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Alaska Gas Pipeline: Will the Alaska Gasline Inducement Act Get Construction Started?

Michael Giberson Last Friday, the State of Alaska received five proposals in response to a Alaska Gasline Inducement Act deadline to build a natural gas pipeline from the North Slope into Canadian and American markets. The applicants are Alaska Gasline Port Authority, AEnergia LLC, TransCanada, Sinopec ZPEB and Alaska Natural Gasline Development Authority. If the …

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Eu Disputes Allegation of Double Counting of Carbon Emission Permits

Michael Giberson Environmental markets consultancy E3 International released a report a few days ago indicating that many tradable permits were retired more than once in the EU carbon emission trading program: E3 International (E3) has analysed all the serial numbers of carbon allowances surrendered to date by liable participants in the EU Emissions Trading Scheme …

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Making Use of Captured Carbon

Lynne Kiesling I’ve been waiting for something like this for years! A company called Blue Source has a potentially commercially viable carbon capture business model that involves the captured CO2 actually being useful: Blue Source is piping industrial carbon dioxide from a natural-gas processing plant in southeastern Colorado to an undisclosed oil producer that will, …

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Cap-And-Trade Characters: Hoarders, Speculators and Do-gooders

Michael Giberson Rich Sweeney, at Common Tragedies, writes about three common characters that populate some of the industrial/bureaucratic commentary over cap-and-trade carbon permit systems: hoarders, speculators and do-gooders. A hoarder may be a low-carbon intensity electric generator seeking to bid up the cost of carbon permits to drive up costs for rivals and drive up …

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Pjm, Its Market Monitoring Unit, and the Hotline Tipster’s Allegation of Market Power

Michael Giberson From the Baltimore Sun, columnist Jay Hancock highlights part of one story buried in the most recent report on the dispute between PJM and its Market Monitoring Unit (MMU). Hancock writes: On Sept. 14, 2004, a tipster urged electricity administrators to investigate a power generation plant that seemed to be charging extra-high prices …

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Green Power Options for Retailed Consumers Described

Michael Giberson An article online at the Wall Street Journal (free!) provides a quick overview of green power options available to retail customers. Typically consumers pay a small premium for green power, but in Austin consumers participating in the GreenChoice program actually gain a small discount. (Higher natural gas prices have driven up the cost …

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