Lynne Kiesling One of the hallmarks of smart grid technology is how it enables and reduces the cost of two-way communication. In electricity as in other industries, digital communication technology makes it possible and easy to have two-way communication, and to use that communication capability to automate individual actions. As we have seen throughout society …
A Smart Grid is a Transactive Grid (Part 2 of 5) Read More »
Lynne Kiesling This week I’ll be writing a series of posts about smart grid technology, economics, and policy. The buzz around the idea of smart grid is palpable: old companies like GE and new companies like Google are changing their business models to incorporate more smart grid activities and products, entrepreneurs are exploring new products …
Smart Grid Technology, Economics, and Policy (Part 1 of 5) Read More »
The people want the ponies they were promised, not the more efficient allocation of ponies that should have been offered.
While it may be good for the SEC to revise its petroleum reserves reporting rules for other reasons, it won’t provide much in the way of help to investors. By the time the official version of reserves estimates is issued it is old news. Research by Richard Miller confirms this conclusion.
Lynne Kiesling [UPDATED to add live link to NPR story} NPR just ran a story on yesterday’s clean energy summit in Washington DC. The event was organized by Senator Harry Reid and included such luminaries as Boone Pickens, Bill Clinton, and Al Gore, in addition to political representatives such as Rep. Nancy Pelosi and Secretary …
Smart Grid Rhetoric at Yesterday’s Clean Energy Summit Read More »
Lynne Kiesling In 1983 Bruce Yandle wrote an influential article in Regulation, “Bootleggers and Baptists: The Education of a Regulatory Economist”. His model explains how two parties with seemingly incongruent values can come together to get a regulation passed that meets the objectives of both parties. In the bootlegger and Baptist case, both parties benefit …
The Continuing Relevance of the Bootlegger-And-Baptist Model Read More »
Lower fuel prices may be driving electric power prices down, but are prices falling faster in restructured or traditionally regulated states?
Lynne Kiesling In the post-election show of sleeve-rolling-up meeting between Barack Obama and John McCain, their main rhetoric revolved around how they could work together to “fix up the economy”. At the time I wrote about how that language rankled me (and Russ Roberts), because the economy is not a closed-system project, and politicians who …
“Fixing” the Economy: How Do You “Fix” an Ecosystem? Read More »
What provisions might a Federal Power Act of 2009 contain? Paul Joskow offers recommendations.
Lynne Kiesling Bruce Schneier is one of the most thoughtful, knowledgeable security experts in the world, and he’s been constructively critical of the TSA’s airport policies and procedures for quite some time (so have I, but I have nothing like his expertise or his street cred). You may have seen Jeffrey Goldberg’s November 2008 Atlantic …
Airport Kabuki: Bruce Schneier on “Security Theater” Read More »
Copyright © 2022 Knowledge Problem Archive