Search Results for: "dynamic pricing"

Residential Real-time Pricing in Illinois in 2007 and Beyond

1 Comment / Economics, Electricity / By

In April the Illinois legislature passed legislation (and in June Governor Blagojevich signed it) requiring electric utilities to consider and evaluate the use of dynamic pricing to enable customer demand response. This legislation also directed the Illinois Commerce Commission to use benefit-cost analysis to evaluate whether such pricing and metering would lead to net benefits. …

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Iain Murray on Electricity Infrastructure Investment

4 Comments / Economics, Electricity / By

Lynne Kiesling Iain Murray has an oped in Monday’s Examiner about environmental concerns and building new electric power infrastructure: One key problem is the sheer difficulty in building new power plants in America today. Politically powerful green lobby groups object to the building of any new plant that does not use some form of renewable …

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Don’t Like New Power Lines? How About Using Dynamic Retail Pricing Instead?

4 Comments / Economics, Electricity / By

Lynne Kiesling Today’s New York Times has an article about a possible new transmission project from northern New York southeast into Orange County (registration required). Here’s the deal: for the past decade there has been increasing anxiety about the ability of the existing high-voltage transmission network to support the increasingly distributed commercial transactions that have …

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Metering And Pricing Activate Electricity Demand In California

7 Comments / Economics, Electricity, Energy markets / By

Lynne Kiesling In today?s Wall Street Journal, Rebecca Smith writes about changes under way in California (sub. req.) that would enable the three investor-owned utilities to offer their customers sophisticated digital meters and pricing options. The initiative that Smith describes is the culmination of a joint PUC/Energy Commission effort over the past three years to …

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Reliability Is A Supply and Demand Issue

8 Comments / Electricity / By

A blackout is a supply failure, so naturally people look for supply-side solutions: more transmission lines, high-tech system monitoring devices, building power plants closer to population centers, better grid planning and testing procedures. Few people consider how effectively demand response and active retail markets can help reduce strains on the grid and forestall future grid …

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Privatization Watch Electricity Issue

Electricity / By

The October 2003 issue of Reason’s Privatization Watch was a special electricity issue, featuring articles on demand response, the August blackout, and how technological change affects regulation. In particular, I’d like to draw your attention to two feature articles. The first, by Vernon Smith, Stephen Rassenti, and Bart Wilson of the Interdisciplinary Center for Economic …

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Water Privatization Ii: Pricing Promotes Efficiency And Conservation

8 Comments / Uncategorized / By

This post is the follow-up to yesterday’s post on water infrastructure ownership and management, building on Arnold Kling’s original comment. See also Robert Prather’s post from yesterday, in which he helpfully provides links to his posts on the same subject. Water is a resource that has multiple uses ? human consumption (residential, commercial, and industrial), …

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Water Privatization I: Ownership And Operation

4 Comments / Uncategorized / By

Arnold Kling recently commented on this Tech Central Station article on water privatization, a crucial issue. Water is one of the most inefficiently and abominably allocated resources that we have, which is appalling given its scarcity and its importance. In the American Southwest we are already starting to see some of the negative effects of …

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