Wednesday, July 25, 2012

Public Comment Periods

Public comment periods are afoot for two significant Smart Grid standards:

Monday, July 23, 2012

Elasticity isn't rigid... (with update)

It's been a while since I've posted (again) and I promise to get better about regular activity.  However, some things have gotten my attention lately.

At a recent meeting, I heard someone in a position of responsibility over electric rates repeat the old saw that “electric demand does not vary with price.”  To use the economic-egghead terminology “electricity is price-inelastic.”  I was proud of myself for only convulsing mildly. 

I am here to tell you that this is flat-out wrong. 

“Electricity is not price elastic” is an oft-repeated old saw, not because it is true, but because it is an oft-repeated old saw.