Obama was criticized for intruding the federal government into energy policy. But that’s nothing new.
To hear some of the debate, you’d think that the Obama Administration breached some longstanding barrier that left energy policy to the states and the market. If there ever was such a barrier, it disappeared over a century ago, with the onset of World War I. Ever since then, the federal government has been actively …CONTINUE READING
Illinois’s Future Energy Jobs bill shows that cooperation across party lines is possible.
It went pretty much unheralded by the national media, but in December Illinois adopted a major new energy lawl — and with strong bipartisan support. Each side had some things to celebrate. The Republican Governor touted the impact of the bill on utility bills. According to the Governor, the “contains a guaranteed cap that energy …CONTINUE READING
The Energy Institute at Haas, part of UC Berkeley, has a new study that looks at California’s rules for regulating electricity importers in the cap-and-trade program. These rules attempt to keep importers from gaming the cap-and-trade system via resource shuffling. The Energy Institute has simulated different counterfactual cap-and-trade rules using 2007 electricity market data. The …CONTINUE READING