I wanted deregulation. But not if we can't do it right.
As an economist, I confess I failed to predict the disaster in California. But I wasn't the only one. Anybody who tells you differently is either lying, fooling himself, or guilty of Monday morning quarterbacking.
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Très Riches Heures
How to price energy during a stage 3 alert?
You know the painting. Les Très Riches Heures du Duc de Berry. You probably saw it first in Janson's "History of Art", in a college survey course.
1 "Load-serving entities" are firms that serve retail electricity customers. These firms include utilities and power marketers.
2 See L.D. Kirsch, "ISO Economics: How California Flubbed It on Transmission Pricing", Public Utilities Fortnightly, Oct. 15, 1998, p. 24.
3 See J.E. Bowring and R.E. Gramlich, "The Role of Capacity Obligations in a Restructured Pennsylvania-New Jersey-Maryland Electricity Market", Electricity Journal, November 2000, pp. 57-67.
Off Peak
April 1, 2001
"Read Your Bill, Ma'am?"
News Analysis
But the standards board must surmount differences with electric brethren before repeating its gas industry success.
Perhaps the Gas Industry Standards Board (GISB) wants to tackle electricity because it doesn't have much else to do anymore in the area of gas standards.