Regulation

Flawed Report, Subsequent Debate Should Advance Understanding of Nyiso Market

2 Comments / Electricity, Energy markets, Regulation / By

Michael Giberson In New York, a debate over the NYISO market design initiated by a report by Robert McCullough and committee hearings in the state legislature. The initial McCullough report asserted that the NYISO’s use of a uniform clearing price auction (the report calls it a “market-clearing price auction”, but “uniform clearing price” is technically …

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Can Congress Be Trusted to Design Effective Carbon Policy? I Doubt It

2 Comments / Economics, Environmental policy, Regulation / By

Lynne Kiesling Friday’s Wall Street Journal editorial on cap and trade and the Waxman-Markey bill has prompted me to come out of the closet and say something publicly that I’ve been thinking for a couple of months: although I think that the most effective and economically efficient carbon policy is one that directly reflects the …

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Building New Transmission ? Smart Grid

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

Lynne Kiesling When I was reading around for my post on smart grid and renewables interconnection, I found several different parties willing to elide the two, to gloss over the important, subtle distinction between building new wires and incorporating digital intelligence and communication capabilities into a wires network. They are potentiall related, but different, and …

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Consumers Asked to Pay More Next Year for Last Year’s Increases in Utility Costs

Electricity, Energy markets, Regulation / By

Michael Giberson A story from the Charlotte Observer provides a reminder of the speed at which useful information about the scarcity of resources percolates through regulated electric utility rates: “Duke to seek rate increases.” In brief, Duke Energy is requesting approval from the North Carolina Utilities Commission to raise rates beginning September 2009 and continuing …

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Greentech Media Asks, Will Utilities or Customers Lead in Smart Grid?

Electricity, Regulation / By

Michael Giberson Greentech Media has an interesting short article asking whether utilities or customers will take the lead in smart grid deployment. They suggest the answer is “a little of both.” Venture capitalist Gerd Goette says that investors do worry about getting out ahead of utilities when pursuing projects. A smart-grid component that can’t communicate …

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FERC’s Smart Grid Policy Statement

Electricity, Regulation / By

Michael Giberson FERC has posted it’s proposed smart grid policy statement and invited comments (comments due 45 days after the statement is published in the Federal Register).  FERC offers this summary: This proposed policy statement and action plan provides guidance to inform the development of a smarter grid for the Nation’s electric transmission system focusing …

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Recommendations for Smart Grid Policy (Part 5 of 5)

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

Lynne Kiesling So far in this series I have stressed what I think are some important foundational concepts in defining smart grid, thinking about its scope and its potential for value creation, and distinguishing it as an investment category from traditional transmission construction. All of these concepts have some interaction with government policy, at either …

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