Reinhart and Rogoff subtitled This Time is Different to describe “Eight Centuries of Financial Folly” and the durability of hope over experience. Material changes in relative market economics for long-lived assets create the problem of stranded assets. Wise investors look ahead to avoid or insure against such losses, but sophisticated investors have been surprised in the past. For energy, the regulatory compact implies symmetry under cost-based regulation, but the record presents a history of prominent...
The level playing field metaphor has long been a mantra of electricity market reform and regulation. The goal was an efficient and reliable system that supported investment. The costly experience with failures of monopoly planning pointed to using markets to help achieve the benefits of competition. Although always a work in progress, the policy had a coherent framework of balancing costs and benefits. Has clean energy policy upset this coherent framework? Does the science of climate change dictate clean energy targets and replace the need for cost-benefit analysis and... Read more about Clean Energy Policy: Ends, Means, and Playing Fields
The level playing field metaphor has long been a mantra of electricity market reform and regulation. The goal was an efficient and reliable system that supported investment. The costly experience with failures of monopoly planning pointed to using markets to help achieve the benefits of competition. Although always a work in progress, the policy had a coherent framework of balancing costs and benefits. Has clean energy policy...
We Need More Than Solar and Wind to Power the Green New Deal We’re also going to need nuclear, geothermal and fossil-fuel plants that capture and store their emissions.
