If you work in electricity markets and someone mentions “missing money,” it doesn’t make you think of a lost wallet or a sticky-fingered bank teller. Instead it evokes regulatory policies … Continue Reading Missing Money
When you listen closely to debates over California climate change policy, it becomes clear that the disagreements are along two dimensions: what is the best approach to meeting the state’s … Continue Reading What Do We Want From California Climate Policy?
Since discussions of California’s cap and trade program for greenhouse gases (GHGs) began more than a decade ago, many environmental justice (EJ) leaders have voiced concerns about the fairness of … Continue Reading Fight Both Local and Global Pollution, But Separately
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?