Conleigh Byers

Texas, other states sue BlackRock, Vanguard for ‘conspiring’ to restrict US coal market The lawsuit alleged the firms are using the influence gained through their stock holdings to pressure coal companies to reduce output in alignment with the asset managers’ net-zero goals.

My home state of Texas, despite the pro-market rhetoric, seems to forget that markets can signal the exit of incumbents as well. Even (especially) not very flexible, not very cheap coal 🔌💡

www.utilitydive.com/news/blackro...

The US often outsources electricity market design decisions to investor-owned utilities 🔌💡

"This explanation is unconvincing, however, because PacifiCorp does not have any competitors."

Good humor in @joshuamacey.bsky.social 's new paper: lawreview.uchicago.edu/print-archiv...

Is electric grid reliability a "public good"? Dive into the details in our recent episode with @knowledgeproblem.bsky.social

I find that the way we currently form prices in electricity markets can distort long-run investment incentives and lead to consumers overpaying producers.

Available open-access here:
doi.org/10.1016/j.ej... (2/2)

My paper on long-run pricing in markets with non-convexities won the 2024 INFORMS Best Paper in Energy Award.

connect.informs.org/energy-natur...

If you've ever heard about "fast-start pricing," "uplift payments," or "make-whole payments," you've heard about non-convex pricing. (1/2)

Excited to join this season with @fnbillimoria.bsky.social ! We had our first recording today - subscribe for a very wonky first episode on all things electricity soon. publicpowerunderground.com