January 30, 2017

Limits to Arbitrage in Electricity Markets: A case study of MISO

Like in other deregulated markets, financial players were introduced to the Midwest electricity market to arbitrage price differences that distort planning decisions. Unlike other markets, this did not seemed to be working. Instead, we find some players bidding in the wrong direction and consistently losing money, possibly in an attempt to manipulate market prices.

SEE FULL ARTICLE
January 23, 2017

Wind Capacity Investments: Inefficient Drivers and Long-Term Impacts

In a new CEEPR Working Paper, Ian Schneider and Mardavij Roozbehani explain how existing production-based subsidies for wind energy bias marginal investments to underweight the market value of energy produced.

SEE FULL ARTICLE
January 19, 2017

Estimating the Future Supply of Shale Oil: A Bakken Case Study

How much shale oil do we have left? And how much of that can be recovered economically? A new estimation technique suggests that, in the Bakken play, roughly 8 billion barrels of the remaining shale oil resources could be developed at a cost of $50/barrel.

SEE FULL ARTICLE
December 29, 2016

Are Fuel Economy Standards Regressive?

The Corporate Average Fuel Economy (CAFE) program was introduced in 1975 with the objective of reducing gasoline consumption. Under CAFE, automakers are required to meet a minimum sales-weighted average fuel economy for their vehicle fleets. Fuel economy standards impose costs, but who bears those costs?

SEE FULL ARTICLE
December 22, 2016

Study Shows Hydraulic Fracturing Boosts Local Economies

As hydraulic fracturing, or fracing, is poised to play an even more important role in the nation’s energy system in coming years, how can benefits at the national scale—such as lower energy prices, enhanced energy security, and lower air pollution and greenhouse gas emissions—be weighed against concerns that negative health and social impacts outweigh the economic benefits for local communities where drilling takes place?

SEE FULL ARTICLE
November 16, 2016

E2e Project Update: Evaluating Energy Efficiency Upgrades to K-12 Public Schools in California

A new working paper by Fiona Burlig, Christopher Knittel, David Rapson, Mar Reguant and Catherine Wolfram1 studies the cost-effectiveness of energy efficiency investments in over 2,000 K-12 California public schools served by the Pacific Gas and Electric Company (PG&E).

SEE FULL ARTICLE
See Archives