Economist Lynne Kiesling has launched a new Substack version of Knowledge Problem, the blog on economics, electricity, technology, regulation, and how they interrelate that she shared with economist Michael Giberson. The original KP blog is archived and available for search.
In her first Substack post, Kiesling takes aim at the New York Times article by Ivan Penn Why Are Energy Prices So High? Some Experts Blame Deregulation. Kiesling singles out three problems with Penn’s analysis: his definition and use of "deregulation," his use of California as an illustration when it is an outlier, and his confusing conflation of retail and wholesale liberalization in a vertically-integrated industry.
Kiesling’s full analysis is worth your time, so check out Knowledge Problem on Substack and subscribe.
Kiesling is an economist focused on regulation, market design, and the economics of digitization and smart grid technologies in the electricity industry. She is a Research Professor in the School of Engineering, Design and Computing at the University of Colorado-Denver, and Co-Director of the Institute for Regulatory Law & Economics.
Several other electricity policy experts and former regulators have written worthwhile pieces on Penn’s New York Times piece, including Josiah Neeley at R Street, Giberson, and Travis Kavulla. RTO Insider also did a piece on all the responses to the Times.
