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The Institute for Regulatory Law & Economics Five Prisms:
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Lynne Kiesling-Knowledge Problem
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Lynne Kiesling-Knowledge Problem
@knowledgeprob
Director, Inst for Regulatory Law & Economics @NorthwesternU, Adjunct Prof @NU_MSES, @sfiscience External Faculty, @AEI Nonres Senior Fellow
Chicago-Denver Присоединился Nisan 2009
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@The_DanielKing SHAPLEY! I'm so glad to have you as another member of the "why don't we use Shapley values more?" club. Use them ex ante and have transparent true up procedures ex post.
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It may be time to bring back Shapley values too! If we want to impute responsibility ahead of time.
en.wikipedia.org/wiki/Shapley_v…
n/n
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I’m realizing interconnection cost-causation is more widely adopted than I thought. Perhaps I was banging the drum too hard. 🧵
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Lynne Kiesling-Knowledge Problem ретвитнул
So apparently a utility is able to build transmission for data centers without charging ratepayers? Utilities have almost universally said this would be bad policy.
U.S. Department of Energy@ENERGY
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@ArushiSF @terlinguagirl Before Perry, I'd add a shout out to George W. Bush as governor and @patwood3 for being market focused and technology agnostic. Their leadership laid a market foundation for investment and innovation.
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The governorship of Texas has enjoyed an all of the above energy policy for far longer than the past couple years. There are so many strange and exciting contrasts at play in Texas, it's one of my favorite places to work on activating energy diversification and choice.
Clay Dumas@claydumas
People haven't wrapped their heads around how much the politics of renewables have been altered by the fact that Texas is kicking everyone's ass in building solar, wind, and batteries. Greg Abbot sounds woke when he talks energy now. That's a preview of what's coming nationally.
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Lynne Kiesling-Knowledge Problem ретвитнул
Refine is a tool that my team and I developed for world-class feedback on, well, any reasonably complicated document.
We have a new product for law - if you're a lawyer and are willing to give our alpha a spin, please DM me!
(and please RT if lawyers follow you - thanks!)
Ben Golub@ben_golub
Great piece by @SoumayaKeynes on AI in economics in today’s FT (link at end) mentioning @RefineInk. Indeed, @RefineInk regularly catches issues that need correcting but are missed by even the most rigorous current review processes. a short 🧵 1/
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Lynne Kiesling-Knowledge Problem ретвитнул
Pumped to be expanding to IL as state #2!
IL is birthplace of my wife and parents, plus my home for 12 years, and most importantly a forward-thinking electricity market.
@basepowerco is just getting started
Travis Kavulla@TKavulla
Delighted to announce @basepowerco has received its first state license to operate as an electricity retailer outside Texas. We're heading to Illinois! Thank you @ILCommerceComm for approving our application! Let me explain why we're heading to the Land of Lincoln🧵
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Lynne Kiesling-Knowledge Problem ретвитнул
Delighted to announce @basepowerco has received its first state license to operate as an electricity retailer outside Texas. We're heading to Illinois!
Thank you @ILCommerceComm for approving our application!
Let me explain why we're heading to the Land of Lincoln🧵
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@ArushiSF @GideonOPowell Two-sided markets! Increasing the regularity and volume of dispatchable load is what we are talking about, not "demand response." Credit-worthy loads/LSEs/REPs manage risk for covering their needs. RTOs/BAs procure the system capacity "insurance" & essential reliability services
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1. Turning large load ON w/ a stable ramp & PWR profile is more important to grid reliability than "turning it off."
2. Loadflex as "DR payment to turn off" is a beaten -to-death narrative.
3. Breaker open for a gig load is a disaster! This is NOT the general plan thru 2030.
Jane Flegal@JaneAFlegal
Gotta be honest: not great that paying data centers to turn off is our plan for grid reliability through 2030. A curtailment payment? Come on. This is bad! We have to stop managing the failure and build the grid we should have built in the first place. What are we doing here?!
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Lynne Kiesling-Knowledge Problem ретвитнул
The gap between what we need and what we can build to sustain AI innovation is widening fast. How do we tackle this challenge?
@ShaneTews, @knowledgeprob, and @SteveDelBianco discuss this and more on #ExplaintoShane: aei.org/technology-and…
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Lynne Kiesling-Knowledge Problem ретвитнул
Cal Newport:"Universities need to..portray themselves as citadels of concentration...Academic institutions need to demonstrate that the life of the mind is hard & worth it. We need to think about cognitive fitness the way we think about physical fitness." chronicle.com/article/is-ai-…
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Lynne Kiesling-Knowledge Problem ретвитнул
Pretty astonishing. In Texas, between 10:00 am and 4:00 p.m., 80-90% of electricity comes from carbon free sources. And storage is already a significant contributor in the early morning and evening
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Lynne Kiesling-Knowledge Problem ретвитнул
I wrote a substack today where I tried to explain my views about how complementary Claude code is to your work when you have real expertise in that specific area, and how sketchy it is when you don’t.
causalinf.substack.com/p/claude-code-…
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Lynne Kiesling-Knowledge Problem ретвитнул
New independent research from @BrattleGroup, out today: the U.S. grid runs at ~50% capacity. Rates are up 5.6%/year since 2020. A 10% increase in grid utilization could save American consumers $110–170B over the next decade.
Read it: brattle.com/the-untapped-g…
#TheUntappedGrid #UtilizeCoalition
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I would like to take a moment to make a formal announcement. My fiance proposed to me while I was leading gas utility company reps on a Barnett shale tour in 2011. I got engaged in DFW in the middle of the coal- gas switch, neither by accident nor design. 🤘🏽
Lynne Kiesling-Knowledge Problem@knowledgeprob
new essay: “The Coal-to-Gas Switch Was Neither Accident Nor Design.” The argument: U.S. power-sector decarbonization was not just a technology story or a fuel-price story. It was also an institutional story about market rules, incentives, and system design. 1/3
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@alexwadecraig I have to admit Ferguson is where I started and then I paraphrased :-).
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Now I'm wondering why no one uses "Neither accident nor design" instead of Adam Ferguson's mouthful "the result of human action, but not the execution of any human design"
Lynne Kiesling-Knowledge Problem@knowledgeprob
new essay: “The Coal-to-Gas Switch Was Neither Accident Nor Design.” The argument: U.S. power-sector decarbonization was not just a technology story or a fuel-price story. It was also an institutional story about market rules, incentives, and system design. 1/3
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new essay: “The Coal-to-Gas Switch Was Neither Accident Nor Design.”
The argument: U.S. power-sector decarbonization was not just a technology story or a fuel-price story. It was also an institutional story about market rules, incentives, and system design. 1/3
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Lynne Kiesling-Knowledge Problem ретвитнул
@MattZeitlin first captured this- dispatch in operations, plan as firm- design when he wrote a real banger on the proposal last year. Grab your free @heatmap_news article. What's funny now is that we are actually working on a SCED policy flags for clrs just like for solar.
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