And the differences could undermine the program. [Today’s blog is a joint effort of Severin Borenstein, James Bushnell, Steve Cicala and Ryan Kellogg] The Clean Electricity Performance Program (CEPP) is … Continue Reading The CEPP is Not a Clean Energy Standard
When complex regulations meet power markets, be sure to read the fine print. The next big push in climate policy in the US appears to be coalescing around a clean … Continue Reading The Clean Electricity Payment Plan: How Exactly Is This Supposed to Work?
If a cap is not really a cap, what does that make an offset? Even though the Biden administration has made it very clear that they do not want to … Continue Reading When Did Environmentalists Stop Hugging Trees?
Capacity requirements don’t assure reliability when generators can’t get fuel. Texas has gone through a terrible period, President Biden has declared a state of emergency and efforts are continuing to … Continue Reading To Fix the Power Market, First Fix the Natural Gas Market
Do Standards + Investment = Justice? Around mid-December reports emerged that the candidacy of former California Air Resources Board chair Mary Nichols to head the Biden EPA was dead, in … Continue Reading Can Climate Efforts Be the “Everything Policy Store”?
Industry and utility customers should chip in to support the carbon price floor. The Covid-19 crisis has led to all sorts of dramatic changes in lifestyles and economies. The energy … Continue Reading The High Cost of Low Carbon Prices
Energy efficiency world views collide. There are two dueling, strongly held, views on the definition of energy efficiency. The idea of energy efficiency, at least to economists, is to overcome … Continue Reading How Much Electricity Consumption Is Too Little?