The Clean Electricity Performance Program (CEPP) is a key part of President Biden’s energy and climate plans. It will steer utilities towards clean energy with incentives and penalties, and is still being designed. Severin Borenstein and James Bushnell at the Energy Institute at Haas, Steve Cicala at Tufts University and Ryan Kellogg at the University of Chicago warn that current proposals will allow utilities to game the system, resulting in … [Read more...]