For decades economists have bemoaned the fact that retail electricity prices don’t adjust to reflect the volatile cost of providing energy. Because electricity is not storable, the wholesale cost can … Continue Reading Electricity Rate Design for the Real World
When it comes to lighting, I’m no early adopter. For the last 20 years, I’ve annoyed my energy efficiency friends by arguing that those curlicue compact fluorescent bulbs (CFLs) were … Continue Reading Trash those incandescent bulbs today!
While many Californians are spending August burning fossil fuels to travel to vacation destinations, the state legislature is negotiating with Gov. Brown over whether and how to extend the California’s … Continue Reading Fixing a major flaw in cap-and-trade
Utility costs are like taxes. Everyone knows they have to be paid, but most people have a reason that their own share should be smaller. And, just as with taxes, … Continue Reading Who’s Stranded Now?
“No company in a real market would ever price that way.” If you’ve discussed electricity pricing much, you’ve surely heard this said by a person opposed to one retail tariff … Continue Reading Is Electricity Pricing Different from “Real Markets”? Should It Be?
One delightful aspect of teaching an MBA course in energy and environmental markets is getting together with my former students as they pursue careers in the industries I study. I … Continue Reading Is Distributed Generation the Answer to Regulatory Dysfunction?
Both Max and Lucas have recently written on this blog about the need to price gasoline appropriately. I agree with them…mostly. I mean, how could I disagree with them? I’m … Continue Reading Driving Taxes for the 21st Century