Ed. note: Jim Clarkson, an energy consultant and principled libertarian, is a veteran of gas and electric politics in South Carolina and other southeastern states. Clarkson has been a thorn in the side of cronyism between the utilities and their regulators for several decades. His previous posts can be found here, including “The Ratepayer’s Prayer“.
Six years ago, I sought advice about the prospects of my getting on the South Carolina Public Service Commission. It didn’t sound promising; nonetheless, considering myself familiar with state utility regulation, and having different ideas how it should be conducted, I gave it a shot. Here’s my story, beginning with some background.
In South Carolina there are seven U.S. congressional seats, and the General Assembly appoints a commissioner from each district for five-year staggered terms.…
Giberson: “I’ve seen a lot of mention of high electric power prices lately. Some blame wind and solar energy, others are blaming retail customer choice (i.e. “restructuring” or less accurately “deregulation”). Mostly it appears the analysts do not take inflation into account. Real retail prices of electricity in the US are on average about where they were a decade ago, and below the recent peak in 2008.”
Bradley: But what about US and state taxpayers footing part of the bill for the duplication of Texas generation? Factor that in and the price spikes when renewables fail and a wounded gas-and-coal industry is left.
And don’t forget–electricity policy reform is not only regulatory restructuring/re-regulation as eliminating the franchise and rate regulation for utilities. A real free market….
Bradley: This study needs to be redone with some of the comments I made above, starting with hassle costs from the whole switchover (which were not reflected in price) and the total costs of wind/solar/batteries not reflected in rates (born by US taxpayers).…
Continue ReadingThis post updates the financial troubles of Denmark’s Ørsted, recent BOEM auctions, and pushback against Maryland governor Wes Moore. Today, operational offshore wind capacity is less than 50 megawatts versus the Biden-Harris Administration goal of 30,000 MW by 2030.
Ørsted
Denmark’s Ørsted, the worldwide leading offshore wind developer, recorded a $575 million loss in the second quarter. In part, the loss is the result of disappointing developments in the U.S.
The company has delayed commercial operation of its 704-MW Revolution Wind project off the coast of Rhode Island and Connecticut from 2025 to 2026. Ørsted’s ambitious U.S. offshore wind program has been lagging, despite solid support (subsidies, permits) from the Biden administration.
A year after an Interior Department’s Bureau of Ocean Energy Management (BOEM) auction for Gulf of Mexico leases failed to attract significant interest, BOEM continues to delay another attempt to find adequate bidders off the east coast.…
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