Regulation

New Jersey Solar Installers Seek “Endless Summer” at Ratepayer Expense

5 Comments / Electricity, Energy markets, Environmental policy, Regulation / By

Michael Giberson A crisis is coming for the New Jersey solar power installation industry. Stringent solar power purchase requirements imposed on electric utilities (i.e. on electric utility ratepayers) has turned the state into the nation’s second largest for solar power capacity installed, behind only sunny California. But now that installed capacity is sufficient to meet …

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Great Strides Have Been Made Combating Price Gougers in Venzuela

Economics, Liberty, Politics, Regulation / By

Michael Giberson Venezuela “President” Hugo Chávez  has put his government strongly behind efforts to combat price gouging, which in this context means selling a good for more than the government’s permitted price. The policy has had the usual effects: shortages of ordinary consumer goods and queues reminiscent of Soviet-style communism. The New York Times reports, …

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Pat Wood: The Texas Tribune Interview

Electricity, Energy markets, Environmental policy, Regulation / By

Michael Giberson Pat Wood, the former FERC chairman and former Texas PUC chairman, was interviewed recently by The Texas Tribune. Wood is surely one of KP‘s favorite ex-regulators, so of course we’re linking to the interview. Here’s just one bit: Wood: … There is also a lot that can be done, particularly on the energy …

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Reasons to End the War on Drugs. Now.

3 Comments / Economics, Liberty, Regulation, Uncategorized / By

Lynne Kiesling Today in Forbes Art Carden has an essay arguing that we should end the War on Drugs and make marijuana legal, now. He’s right. Here’s why. As Art argues, the War on Drugs is a policy poster child for unintended consequences, because the inelastic demand for the regulated good means that stronger enforcement …

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Zwolinski: “Is Price Gouging Immoral? Should It Be Illegal?”

1 Comment / Economics, Liberty, Politics, Regulation / By

Michael Giberson Five minutes of Matt Zwolinski on price gouging (from Learn Liberty). [youtube=http://www.youtube.com/watch?v=h9QEkw6_O6w] If you think price gouging should be against the law, watch this video. Are you persuaded by Zwolinski? Let me know in the comments. MORE: Zwolinski has written serious philosophical works on price gouging,which makes the clarity of his position in …

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Oil Speculator Witch Hunt, 2012 Edition

3 Comments / Energy markets, Politics, Regulation / By

Michael Giberson Steve Mufson at the Washington Post reports: President Obama proposed measures Tuesday to step up oversight of energy markets and boost by tenfold the penalties for market manipulation, in an effort to blunt political pressure over the 20 percent increase in gasoline prices since the beginning of the year. [Links in source.] Not that the administration has …

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NYT Energy For Tomorrow Closing Plenary Video

1 Comment / Economics, Electricity, Regulation / By

Lynne Kiesling Last week the New York Times hosted a conference called “Energy For Tomorrow”, and they have made video from all of the sessions available; there are several sessions discussing energy efficiency, natural gas, renewables, etc. I watched the closing plenary on Friday, for which the topic was subsidies in any or all energy …

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Measuring Success by How Much You Spent on the Program: A Renewable Energy Example

3 Comments / Energy markets, Environmental policy, Politics, Regulation / By

Michael Giberson In general, in public policy analysis, you’d like to judge ultimate success or failure of a program by its net results, by actual benefits less the costs involved in achieving those benefits. Admittedly sometimes benefits are hard to measure, but ultimately the point of a policy change is to bring about some improvement …

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Rto Forward Capacity Markets Are Unlikely to Succeed

Electricity, Energy markets, Regulation / By

Michael Giberson The Gulf Coast Power Association meetings earlier this week included a debate over the future of resource adequacy within the ERCOT power system. Debate moderator Eric Schubert, BP Energy Company, introduced the issue with a critique of capacity market structures that is heavy on its reliance on Hayek’s knowledge problem. It is a …

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Net Metering in Indiana Sees Exciting 50 Percent Growth

2 Comments / Electricity, Environmental policy, Regulation / By

Michael Giberson From the Indianapolis Star, “More Hoosiers reap benefits of generating their own electricity“: [M]ore and more people around Indiana are starting to generate their own electricity, motivated by environmental concerns and feelings of energy independence. The arrangement is known as “net metering,” allowing customers to offset part of their energy costs and feed …

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