Tag Archives: electricity markets
Texas Blackout: Let’s Not “Fire, Ready, Aim”
As has been exhaustively reported, the severe weather event in Texas and surrounding states in mid-February resulted in blackouts across the Electric Reliability Council of Texas (ERCOT) region, including blackouts for all but 90 minutes of a 59-hour stretch at … Continue reading
Posted in commentary, news
Tagged capacity adequacy, electricity markets, ercot, grid, texas
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Electricity auctions: Why didn’t I think of that?
Congratulations to Stanford Professors Robert Wilson and Paul Milgrom, who have been awarded the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 “for improvements to auction theory and inventions of new auction formats.” Their work has led … Continue reading
Large-scale transmission expansion: what’s the prognosis? (Pt. 2)
Let’s consider the cost-effectiveness of large-scale inter-state transmission to support renewables in the US. Spoiler alert: I will argue that the greatly expanded large-scale interstate transmission being proposed is not cost-effective to support renewables in the US. Continue reading →