Declaring Emergencies in California: The Realities of ISO Operation
Declaring Emergencies in California: The Realities of ISO Operation
Declaring Emergencies in California: The Realities of ISO Operation
Gas Price Prudence: From Hedge-and-Hope to Best Practice
Utilities and regulators should follow the same ideas that govern risk management at the largest of commodity trading houses.
The July 5, 2001 issue of offered an update on what utilities and regulators are doing in the area of commodity price hedging for natural gas.
The headline read, "Dominion East Ohio Sales Customers Will Pay 29% Less in Gas Costs under PUCO-Led Encouragement of Hedging Plan...."
Natural Gas Hedging: A Primer for Utilities and Regulators
What commissions need to learn.
What LDCs should already know.The facts are now in. If utilities had hedged their natural gas purchases during the 1990s, they could have earned windfalls for those they serve, given the wild price gyrations of the past decade (). Yet few if any households or businesses saw any windfall, because few utilities were engaged in futures and other derivatives markets.
Frontlines
The Grid Is Dead
Fortnightly
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.
Benchmarks
News Digest
1 For examples of the degree to which buildings have conservation features such as multiple glazing and exterior or interior shading and awnings the reader is referred to "A Look at Commercial Buildings in 1995: Characteristics, Energy Consumption and Energy Expenditures," DOE/EIA - 0625 (95), October 1998. For information on conservation practice in the residential sector see "A Look at Residential Energy Consumption in 1997," DOE/EIA - 0632 (97), November 1999.