Hayek’s knowledge problem as an issue in electric power market design

Michael Giberson Recently the Brattle Group submitted a study of resource adequacy issues within the ERCOT power system and the policy options available to ERCOT and the PUC of Texas, the regulatory authority overseeing the ERCOT system. As the Brattle report points out, ERCOT has so far stuck with a so-called “energy-only” market design while … More Hayek’s knowledge problem as an issue in electric power market design

Competitive power market in Texas faces supply concerns. Now what?

Michael Giberson The question troubling some folks in Texas’s competitive power market: Will Texas consumers want to consume more electric power than suppliers are able to supply? A resource adequacy review by ERCOT, the power system and market operator for most of the state, suggests that consumer demand may outstrip resources available as early as 2014. … More Competitive power market in Texas faces supply concerns. Now what?

Pat Wood joins the ranks of energy bloggers

Michael Giberson The Houston Chronicle has added another voice to its roster of energy bloggers: Pat Wood III.  Wood is former chairman of the Federal Energy Regulatory Commission and before that chairman of the Public Utility Commission of Texas (though around here they usually list those two items the other way.  In order of importance, … More Pat Wood joins the ranks of energy bloggers

Tres Amigas wants to take cheap electric power away from hard-working Texas families

Michael Giberson I spent the middle of last week in Austin at the University of Texas-Law conference on wind, solar and geothermal energy law, and as a side bonus got to hear some informal, Austin-based commentary on the Tres Amigas proposal to interconnect the Eastern, Western, and Texas electric grids. It will give you some … More Tres Amigas wants to take cheap electric power away from hard-working Texas families

Consumer protection in the Texas retail power market, part 2

Michael Giberson The Dallas Morning News is back with the second half of its investigative report into consumer protection problems in the Texas retail power market.  In this article the DMN focuses on the owner of Freedom Power, one company serving the prepaid power segment of the Texas retail market. (Yesterday I commented on part … More Consumer protection in the Texas retail power market, part 2