Auctions for delivering an amount of power at a defined price are already well established for renewables. “Climate Auctions” do the same with carbon emissions: a carbon price is guaranteed to the winning bidder, but only paid on delivery of the emissions cut. Tyeler Matsuo and Julia Meisel at Rocky Mountain Institute say this is proving particularly useful in emerging and developing countries where progress in building up their climate laws is … [Read more...]
Governments can reshape the energy business: they are the biggest users
In our energy system we treat electricity as a commodity, which is sold by the unit, writes Walt Patterson, Associate Fellow at Chatham House. This provides an incentive to suppliers to maximise consumption – which is why our user-technology is so wasteful. But according to Patterson, electricity is not a commodity, it’s a process in infrastructure. What matters is not the functioning of some ‘electricity market’ but long-term investment in this … [Read more...]
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