The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along three dimensions - time, space, and lead-time....

The U.S. electricity transmission infrastructure is undergoing historic change; a short, upfront look at current and projected investment activity provides a sense of the scale and impact. Under the auspice of the American Reinvestment and Recovery Act, the Department of Energy is authorized to...

"A revelatory, urgent narrative with national implications, exploring the decline of California's largest utility company that led to countless wildfires - including the one that destroyed the town of Paradise - and the human cost of infrastructure failure Pacific Gas & Electric was a legacy...

There is a trend in regulatory practice towards exceptional incentives for exceptional investments. Italy and the US have the longest experience with a regulatory framework for strategically important investments that deviates from the default framework. In these countries, the incentives...

Growing amounts of intermittent renewable generation capacity substantially increases the complexity of determining whether sufficient energy will be available to meet hourly demands throughout the year. As the events of August 2020 in California and February 2021 in Texas demonstrate, supply...

Future electricity systems with tight constraints on carbon emissions will rely much more on wind and solar generation, with zero marginal cost, than today. We use capacity expansion modelling of Texas in 2050 to illustrate wholesale price distributions in future energy-only, carbon-constrained...