Regulation

Texas Terminates Agreement with Oil Industry-backed Lizard Conservation Group

1 Comment / Environmental policy, Regulation / By

A few years ago the state of Texas helped fight calls to list the dunes sagebrush lizard as endangered by supporting an oil industry-backed foundation to oversee lizard habitat and promote habitat conservation efforts. Conservation groups were loudly skeptical of the Texas Habitat Conservation Foundation (THCF) due to its close ties to the oil industry. …

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Cass Sunstein on Regulatory Analysis and the Knowledge Problem

3 Comments / Economics, Regulation / By

Cass Sunstein begins: With respect to the past and future of regulation, there are two truly indispensable ideas. Unfortunately, they are in serious tension with one another. Potential solutions lie in three reforms, all connected with democracy itself – but perhaps not quite in the way that most people think. The first indispensable idea is …

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Abbacus Report Highlights Benefits of Retail Electric Markets

3 Comments / Economics, Electricity, Regulation / By

On Tuesday the Distributed Energy Financial Group released its 2015 report, Annual Baseline Assessment of Choice in Canada and the United States (ABACCUS). The report provides an excellent overview of the current state of retail electricity markets in the 18 jurisdictions in the U.S. and Canada that permit at least some degree of retail competition. The …

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Dot’s Airline Price Gouging Investigation and a Political Economy-based Prediction

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

On Friday, the U.S. Department of Transportation announced it had launched an investigation into possible “unfair practices (e.g., price gouging) affecting air travel during the period of time that Amtrak service along the Northeast Corridor was delayed or suspended as a result of the May 12th derailment.” Five airlines received letters from the agency seeking …

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Dallas Morning News on Competitive Retail Power Market Fees and Rate Designs in Texas

Economics, Electricity, Regulation / By

At the Dallas Morning News James Osborne reports on the controversy over minimum use fees in the competitive retail power market that includes most Texas households. As discussed here at Knowledge Problem last week, retail suppliers sometimes design contract offers to be especially cheap for consumers using 1000 kWh per month. The state’s powertochoose.org website …

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Gaming the Rankings on the Texas Power to Choose Website

4 Comments / Economics, Electricity, Regulation / By

To help provide consumer information on competitive retail offers in the Texas electric power market, the Public Utility Commission of Texas maintains a website at www.powertochoose.org. Enter your zip code, click a button, and it will display the top ten (out of nearly 300) offers. Because the table shows the lowest priced offers first, with the average …

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Technological Change, Culture, and a “Social License to Operate”

2 Comments / Economics, Regulation, Technology, Transportation / By

Technological change is disruptive, and in the long sweep of human history, that disruption is one of the fundamental sources of economic growth and what Deirdre McCloskey calls the Great Enrichment: In 1800 the average income per person…all over the planet was…an average of $3 a day. Imagine living in present-day Rio or Athens or …

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Social Costs of Oil and Gas Leasing on Federal Lands, Carefully Considered

2 Comments / Economics, Environmental policy, Regulation / By

OVERVIEW: A report filed with the US Department of the Interior recommended that terms governing the leasing of federal land for oil and gas development be updated to reflect social costs associated with such development. While such costs may be policy relevant, I suggest social costs are smaller than the report indicates and the recommended policy …

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Elementary Error Misleads Appa on Electricity Pricing in States with Retail Electric Choice

2 Comments / Electricity, Energy markets, Regulation / By

The American Public Power Association (APPA) recently published an analysis of retail power prices, but it makes an elementary mistake and gets the conclusion wrong. The APPA analysis, “2014 Retail Electric Rates in Deregulated and Regulated States,” uses U.S. Energy Information Administration data to compare retail electric prices in “deregulated” and “regulated” states. The report itself presents …

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Forthcoming Paper: Implications of Smart Grid Innovation for Organizational Models in Electricity Distribution

2 Comments / Economics, Electricity, Regulation, Technology / By

Back in 2001 I participated in a year-long forum on the future of the electricity distribution model. Convened by the Center for the Advancement of Energy Markets, the DISCO of the Future Forum brought together many stakeholders to develop several scenarios and analyze their implications (and several of those folks remain friends, playmates in the …

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