Regulation

Is Rationalizing Regulation Even Possible Through Political Processes?

6 Comments / Economics, Regulation / By

Lynne Kiesling Like other economists, I was intrigued by President Obama’s op-ed in Tuesday’s Wall Street Journal about streamlining federal regulation. Like Matthew Kahn, I see the influence of Austan Goolsbee here, as well as Cass Sunstein; like Tim Haab, I think this is a salutary call for more, and more consistent, application of cost-benefit …

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Jay Hancock is Not Happy with the Pjm Power Market

1 Comment / Electricity, Energy markets, Regulation / By

Michael Giberson From the Baltimore Sun, Jay Hancock explains he is unhappy with electric power restructuring in Maryland and with the PJM market. I think he hits some targets and misses others. Assessing the particulars would require a lot of detailed work, probably better done by someone other than me. One big source of agreement …

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Rob Bradley Jr. Wishes His Organization Was Smaller and His Work Was Less Valuable

1 Comment / Economics, Energy markets, Regulation / By

Michael Giberson The world has plenty of empire builders, but Rob Bradley Jr. – founder and CEO of the Institute for Energy Research – apparently isn’t one of them. He wishes IER were smaller and his work was less relevant.  At his blog, MasterResource, Bradley has posted an interview of him done by Stephen Hicks, …

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My Grid-interop Talk: Regulation’s Role in Stifling Innovation

Economics, Electricity, Regulation / By

Lynne Kiesling In early December I had the pleasure of delivering some lunch remarks at the Grid-Interop conference in Chicago. Grid-Interop is a great place for those interested in innovation in the electricity industry to share ideas about technology, business models, the interoperability that enables such creativity, and the role of economic regulation in how …

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Did They Really Say That? Gasoline Market Stress Coming to Eastern Washington, So Officials Offer Advice

Economics, Energy markets, Regulation / By

Michael Giberson One consequence of a 14-week project to replace several locks on dams on the Columbia and Snake rivers is that gasoline transportation costs will rise in the area. Some gasoline that would have traveled up the river will have to move by train and truck instead, a more expensive process and one much …

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Hotel Rate Price Gouging During Snowstorm

5 Comments / Economics, Regulation, Technology / By

Michael Giberson Or maybe I should title this post, “Hotel charged peak prices during peak demand period,” or better still: “Hotel price gouging promotes public safety.” A Sea-Tac Airport area hotel raised its rates dramatically as it filled up during a snowstorm one night last month, and several patrons were shocked by bills from almost …

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What Scientific Information or Data Does the Department of Interior Intend to Rely Upon in Fracking Policy Actions?

1 Comment / Energy markets, Politics, Regulation / By

Michael Giberson U.S. House Republicans sent a short note over to the U.S. Department of the Interior, inquiring as to Interior’s plans for regulatory or policy changes with respect to hydraulic fracturing on public lands.  My favorites from among the questions asked: What scientific information or data does DOI intend to rely upon to form …

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White House Advisors: Federal Loans for Renewable Power Projects Going to the Wrong Projects

1 Comment / Energy markets, Politics, Regulation / By

Michael Giberson From news reports: The federal loan guarantee program for renewable energy projects should either be fixed or scrapped, senior White House advisors wrote in a memo to President Barack Obama last week. Obama’s top environmental advisor Carol Browner, top economic advisor Lawrence Summers and Vice President Joe Biden’s chief of staff Ron Klain …

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How to Avoid Violating Florida’s Price Gouging Law

3 Comments / Economics, Energy markets, Regulation / By

Michael Giberson For a while now Exxon-Mobil Corporation has been seeking clarification from the State of Florida, Department of Agriculture and Consumer Services (DACS) on just how the state’s price gouging law is applied. (Some background in this post from a year ago.) The company wants to know what it needs to do to comply …

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