
Economics, regulation, technology, governance
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Most of us experience electricity as a subscription service. We move in, call the utility, set up an account, and expect the electrons to arrive. The power system is one...
Source: Yet another productive conversation I had with ChatGPT.
PJM’s recent white paper, Powering Reliability Through Market Design, does not solve the problem underlying its title. But the paper is extremely valuable because it acknowled...
Source: An iterative conversation about Michael’s series with ChatGPT
Michael Lee’s Distributed Grid series reads like a field report from the institutional frontier. Lee, formerly CEO of Octopus Energy US, is writing from inside the pract...
Flexibility is the buzzword du jour in electricity. Don’t read that as criticism; buzzwords often become buzzwords for the same reason that clichés are usually grounded in truth. The problem is that buzzwords have to do too much work before...
Why does electricity suddenly seem to matter so much again? This week, I dig into two of my favorite topics: the technological and economic history of electricity, and the economic theory underlying how we regulate an industry that serves n...
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The writers behind this newsletter.
Economics of organizations, regulation, and information. Technology, electricity, transactive energy, plus some market epistemology and 18th century political economy.
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