My home state of Texas, despite the pro-market rhetoric, seems to forget that markets can signal the exit of incumbents as well. Even (especially) not very flexible, not very cheap coal 🔌💡
www.utilitydive.com/news/blackro...
The US often outsources electricity market design decisions to investor-owned utilities 🔌💡
"This explanation is unconvincing, however, because PacifiCorp does not have any competitors."
Good humor in @joshuamacey.bsky.social 's new paper: lawreview.uchicago.edu/print-archiv...
Is electric grid reliability a "public good"? Dive into the details in our recent episode with @knowledgeproblem.bsky.social
I find that the way we currently form prices in electricity markets can distort long-run investment incentives and lead to consumers overpaying producers.
Available open-access here:
doi.org/10.1016/j.ej... (2/2)
My paper on long-run pricing in markets with non-convexities won the 2024 INFORMS Best Paper in Energy Award.
connect.informs.org/energy-natur...
If you've ever heard about "fast-start pricing," "uplift payments," or "make-whole payments," you've heard about non-convex pricing. (1/2)
Excited to join this season with @fnbillimoria.bsky.social ! We had our first recording today - subscribe for a very wonky first episode on all things electricity soon. publicpowerunderground.com
