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California and the 34 other states that have deregulated all or parts of their electricity system tend to have higher rates than the rest of the country.

Photograph by Peter Vanderwarker Town and Gown The section on capital projects in the 2020 edition of Harvard’s annual “Town Gown Report” to the City of Cambridge—in recent years chock-full of construction work planned or in progress, thanks to The Harvard Campaign and continuing programs like House renewal—suddenly reflects a far narrower pipeline. Beyond the second and third stages of the Adams House renewal, nothing is on the horizon. This reflects both Harvard’s rotation toward Allston and the severe reduction in capital spending in response to the pandemic’s financial i...

In January 2014, power plants owned by Texas’ largest electricity producer buckled under frigid temperatures. Its generators failed more than a dozen times in 12 hours, helping to bring the state’s electric grid to the brink of collapse. The incident was the second in three years for North Texas-based Luminant, whose equipment malfunctions during a more severe storm in 2011 resulted in a $750,000 fine from state energy regulators for failing to deliver promised power to the grid. In the earlier cold snap, the grid was pushed to the limit and rolling blackouts swept the state, spurring an ...

After a winter storm in Texas earlier this month left the state's residents to contend with widespread power outages and skyrocketing electricity prices, William W. Hogan, the architect of the state’s energy market system and a professor at the Harvard Kennedy School, said in an interview with The Crimson Wednesday that the state’s electricity market had “worked as designed” given the conditions. Hogan, an energy policy professor, has researched the structure of energy markets for several decades and advocated for a specific type of scarcity-based market model in an attemp...

Scores of Texans have reported skyrocketing electric bills as the price of keeping lights on and refrigerators humming shot upward. For customers whose electricity prices are not fixed and are instead tied to the fluctuating wholesale price, the spikes have been astronomical.