Author Archives: Severin Borenstein

The Job Creation Shuffle

Renewable energy proponents and advocates of the Keystone pipeline finally agree on something: that the right way to count “job creation” is to focus narrowly on the jobs in the industry they want to boost and ignore the overall impact … Continue reading

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Oil price crash shows the challenge of breaking addiction

The price of crude oil has fallen more than 50% since summer and drivers are responding exactly as economists would predict.  Americans are driving more, the market for SUVs is roaring again and the average fuel economy of new cars … Continue reading

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What’s a University to do about Climate Change?

About a year ago, I blogged about the fossil fuel divestment movement at universities, arguing that it is unlikely to have any effect, and that even if it did it would be to raise fuel prices, which we could do … Continue reading

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What’s so Great about Fixed Charges?

There’s a lot of talk in California these days about imposing fixed monthly charges on residential electricity bills.  The large investor-owned utilities in California have small or no fixed charges,[1] instead collecting all of their revenue from households through usage-based … Continue reading

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Rationalizing California’s Residential Electricity Rates

California is finally talking seriously about changing the way utilities price electricity for residential customers.  In particular, as a result of recent legislative actions, the CPUC now has some flexibility to modify the extreme increasing-block pricing (IBP) schedules that were … Continue reading

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Californians Can Handle the Truth About Gas Prices

A few weeks ago, Jim blogged about the concerns that cap-and-trade will drive up gas prices in California.   In late June, those concerns resulted in a letter from Assemblymember Perea and 15 other Democrats asking the California Air Resources Board … Continue reading

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What’s the Worst That Could Happen?

[This post is co-authored with my three collaborators in cap-and-trade work for the California Air Resources Board:  Frank Wolak, Jim Bushell and Matt Zaragoza-Watkins.]   California’s year-and-a-half old cap-and-trade market for reducing greenhouse gases (GHGs) has drawn renewed interest over … Continue reading

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