Mike Morganton

Work-at-home dad, hiker, biker, sailor, amateur photographer, lego enthusiast. Curious economist and mathematician.

[Mike Morganton @SystematicBias]

@GK_Fellows @BrockWarkentin @JeromyYYC That and the geology is the least desirable on the Glenbow option so the most likely to go billions over budget…

[Mike Morganton @SystematicBias]

@andrew_leach I like going back to the Market Power Mitigation report also from 2019 that Minister Savage commissioned from the AESO. It identifies a lot of the issues to come and then dismisses them: https://t.co/xpzo8WCI9U

[Mike Morganton @SystematicBias]

@JennyYeremiy I’m fascinated by this beaver air drop plan that Idaho did in the 1940s and 50s to improve headwater retention: https://t.co/HEAejUdb6R

[Mike Morganton @SystematicBias]

@CurseOfPolitics @KevinRollason @TheHerleBurly @_scottreid @JordanLeichnitz @airquotesmedia @TELUS @CNRailway Given Telus' sponsorship of the show, it seems less than ethical for Kory Teneycke to take a shot at the APP report as a Moreau Shepell product without anyone mentioning Lifeworks (who produced the report) has been owned by @Telus for over a year now...

[Mike Morganton @SystematicBias]

@andrew_leach @bcshaffer @theAESO The AESO’s stakeholder newsletter today said it’s just that the API will only give a 2 hour forecast rather than 6 to match the ETS actual/forecast report. Their note on Friday could have been more specific…

[Mike Morganton @SystematicBias]

I'm not sure what the rationale would be to remove the only AESO reporting API giving hourly average pool price; seems to go against market transparency: https://t.co/X8pSzUlTbV @andrew_leach @bcshaffer @theAESO

[Mike Morganton @SystematicBias]

@andrew_leach @bcshaffer @theAESO Thanks! Haven't seen them before.

[Mike Morganton @SystematicBias]

@TheRealDKGray @bcshaffer Agreed! If we call it capacity for generators, should it be incapacity for load reduction?

[Mike Morganton @SystematicBias]

@andrew_leach Fair points...I spent a bunch of time reading about the PJM capacity market auctions and the allocation methodology for renewables. Seems so much cleaner than a public yelling match about which technology is best.

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

This is what a conference in the Rockies looks like 😎🏃‍♂️🏔️

The intrepid hikers on Day 1 of Electricity Camp 2023!

[Mike Morganton @SystematicBias]

@Modster99 @TheRealDKGray @LaurierSarah01 @PatriciaMHebert Anytime the report talks about offer behaviour or allocative inefficiency, they are talking about the impact of economic withholding. The chart on page 18 is a good example where Q3 average is hugely different from the several years before.

[Mike Morganton @SystematicBias]

@Modster99 @TheRealDKGray @LaurierSarah01 @PatriciaMHebert Here’s the MSA report covering the cost increases due to bidding behaviour: https://t.co/0Dh4nQGjoh

[Mike Morganton @SystematicBias]

@coreyhogan My macro 201 prof started every lecture with a clipping from a political economist and got the class to spot the missing perspective. People get frustrated by ‘two handed economists’, but often a ‘one handed’ one is ultimately misleading…

[Mike Morganton @SystematicBias]

@andrew_leach Here’s the market power mitigation report to the minister: https://t.co/QzL49FwKuq

[Mike Morganton @SystematicBias]

@andrew_leach Before the MSA clarification in 2020, the AESO published a report concluding that current rules and oversight were sufficient to mitigate concentration issues in the market. Given the current market power problem, do you think the AESO should have proposed changes?

[Mike Morganton @SystematicBias]

@TheRealDKGray Looking at the concentration limits discussed in the paper and considering that renewables, imports, and cogens typically aren’t price setters, the market concentration problem from economic withholding for the remaining dispatchables is clear.

[Mike Morganton @SystematicBias]

@TheRealDKGray One interesting read is the Market Power Mitigation report the Aeso did in advance of the MSA rule change from the perspective of what didn’t turn out the way they expected since they gave that advice. https://t.co/QzL49FwKuq

[Mike Morganton @SystematicBias]

@coreyhogan @abacusdataca Is there a common thread with the liberals backing away from electoral reform? They’ve firmly settled on the structures that work for them…