TYLER COWEN HAS A ROUNDUP OF LINKS on economics and electricity regulation, and responds to Robert Kuttner’s predictable call for more regulation:
Kuttner argues that the vertically integrated, regulated monopolist (“Con Ed”) model is better. I would like to see an empirical comparison of blackout rates (does anyone know of one?), but of course we had serious blackouts before deregulation. Besides, it is probably too late to go back to consolidation, and this model was dismal on the innovation front.
Meanwhile Sparkey has a roundup of technical information and links. Don’t miss it. And, if that’s not enough to worry about, here’s a post from Alex Knapp on the looming shortage of drinkable water. (Not here in the East Tennessee Rain Forest, Alex!) (Via Winds of Change, which also has an excellent blackout linkfest.)
UPDATE: And Virginia Postrel brings a good firsthand report, which includes this gem:
On Thursday afternoon when the computers popped off and the lights dimmed — brownout! — I said: No prob, I’ll walk home. Then I said: Wait a minute, what‚ll I do when I get there? I live on the 68th floor. Think I’ll stay at the office.
Indeed.
ANOTHER UPDATE: Steve Verdon has multiple posts on electricity regulation and deregulation.