You Get What You Pay For: Moving Toward Value in Utility Compensation

This paper examines three cases where cost-of-service regulation (COSR) clearly motivates utilities to pursue sub-optimal outcomes compared to an alternative regulatory strategy. We find COSR often creates utility incentives that misalign with societal value, and improvement to the existing regulatory model holds immense potential to create value for customers and society.

The goal of cap-and-trade is to fight climate change, not raise tax revenue

California’s cap-and-trade program should be viewed as part of the state’s comprehensive package of climate policies. Yes, greater legal certainty will help, but keep in mind high carbon prices aren’t a goal of California’s climate policy. The goals are emission reductions, efficiency, consumer protection, and growing businesses set to compete in the 21st century economy.

Texas Regulators Saved Customers Billions by Avoiding a Traditional Capacity Market

Texas’ decision for an energy-only market design with an operational reserve demand curve has likely saved Texas consumers billions, as well as improving reliability, providing evidence of an energy transition driven by load reductions, significant increases in renewable generation, and…

California’s Cap and Trade Law Is a Success

High carbon prices aren’t a goal of the system. The goals are emission reductions, efficiency, consumer protection and growing businesses set to compete in the 21st-century economy. California’s climate policy is succeeding, thanks in part to cap and trade.

Bay Area energy meeting is where climate protection gets real

The Paris Agreement on climate change set the world on track to avoid catastrophe. Or did it? More than 180 nations have committed to reducing carbon dioxide emissions, but now we need to see whether these commitments are real. On June 1-2 in San Francisco, energy ministers from the world’s 24 largest-emitting nations will report on their progress and plans.

Three Steps to Making the New Urban Agenda Implementable

In zero draft form, theUN’s New Urban Agenda outlines a fantastic vision for cities. It speaks of inclusion, equality, transit-oriented development and safety. But how do we get there? What does a “blueprint of the city” actually look like? We see three steps to policymaking that ensures any policy is implementable.

Debunking 4 Myths About The Clean Energy Transition, Part 4: Carbon Emissions

It’s easy to assume our transition from coal to natural gas is the biggest contributor to our decline in carbon dioxide emissions. However, significant evidence shows the acceleration of renewable energy and energy efficiency has contributed far more than natural gas.

Debunking 4 Myths About The Clean Energy Transition, Part 3: Renewable Costs

By comparing electricity rates instead of bills, many inaccurately believe higher levels of renewables make electricity costlier. Outdated data or conservative cost assumptions for energy sources also tarnish renewable energy’s reputation as a cost-effective option.

Debunking 4 Myths About the Clean Energy Transition, Part 2: Excess Generation

While it is true that overgeneration of renewable energy can cause reliability problems, curtailment (shutting off excess generation) is often unnecessary and expensive. When examining renewables generation, it’s important to consider variability across multiple regions.

Solutions to SF housing, transit problems may be found in Brazil

Does a solution to San Francisco’s housing affordability and transportation challenges already exist 6,000 miles away? A policy innovation already working in Brazil could increase our housing supply while generating billions for public transit investment.