Blake Shaffer 📊🇨🇦🇺🇦

prof @EconCalgary working on climate policy and electricity markets. Former energy trader.

Not here much anymore. You can find me where the Sky is Blue :)

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

🚨Call for Papers🚨

Announcing the 4th Annual Electricity Camp in the Rockies!

Mix of researchers, practitioners and policy makers sharing research and insights on all things electricity. Plus (optional) hiking!

See here for more info: https://t.co/s9PKHan1Lg

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@audricmoses @andrew_leach i saw my shadow

(ps. i've been on floating for a while now, will remain. But if you have solar, i agree with Andrew that this is an exceptional plan)

[Kevin A. Bryan @Afinetheorem]

See the follow-ups in this thread. This was murder by a masked coward agent of the government. Clear as day. And of course Tricia McLaughlin made up a totally bullshit story with no evidence as if we don't have cameras. You either believe in freedom or not. Choose wisely. 1/2

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@enviroeconomics @GK_Fellows @andrew_leach @KenBoessenkool IMO, will need to have prov doing the lion’s share of floor price buyback. No design stringency equivalency will be strong enough, nor enforceable, to prevent the moral hazard to lean lax with someone else paying for it.

[Economics@Calgary @EconCalgary]

Postdoc 2: Demand Flexibility

Working with @EricaMyersEcon and @bcshaffer

A mix of independent research and also being part of a team implementing multiple field experiments on electricity demand flexibility.

Details and apply here: https://t.co/1XtZJvoj9p

[Economics@Calgary @EconCalgary]

Postdoc 1: Transmission

Working with @bcshaffer and Sarah Johnston

A mix of independent research and also being part of an exciting multiyear multi-province and multidisciplinary interprovincial transmission initiative!

Details and apply here: https://t.co/uJfCmmKh9z

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@enviroeconomics @GK_Fellows @andrew_leach @KenBoessenkool Who is doing the unlimited buybacks?

If it’s the Feds, but benchmarks and credit allocation remains the purview of the provinces, you’ve just created a cash transfer machine.

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@enviroeconomics @GK_Fellows @andrew_leach @KenBoessenkool With credits currently trading at $17, how does headline $170 work out to an effective $130?

0.9x$17 + 0.1x$170 = $32 “effective”

Would need to enforce a credit floor of $125 to get there.

Question is how: govt buying unltd quantity @ $125?

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

#energytwitter #econtwitter

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

🚨Call for Speakers🚨

⚡5th Electricity Camp in the Rockies

🗓️May 20-22

⛰️Banff

👪Academics, policymakers and practitioners talking about all things electricity (+ hiking!)

✉️Email abstracts: [email protected] by Dec 15

Past programs: https://t.co/oFHrC1hcOW

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

🚨Call for Speakers🚨

⚡5th Electricity Camp in the Rockies

🗓️May 20-22

⛰️Banff

👪Academics, policymakers and practitioners talking about all things electricity (+ hiking!)

✉️Email abstracts: [email protected] by Dec 15

Past programs: https://t.co/oFHrC1hcOW

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

It appears the banana and coffee plantations in New Jersey are not developing as quickly as the administration expected.

[Josh Wingrove @josh_wingrove]

New: Secretary Bessent told Fox News this morning that the administration will move in coming days to cut the cost of coffee, bananas and other fruits. (He didn't specify by cutting tariffs but that's the clear implication.)

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

Everyone’s talking about load management right now.

#energytwitter

[NBA on NBC and Peacock @NBAonNBC]

Michael Jordan shares his thoughts on load management on the second installment of MJ: Insights to Excellence.

“I never wanted to miss a game because it was an opportunity to prove...the fans are there to watch me play."

[Owen Winter @OwenWntr]

Donald Trump's approval rating in our tracker has fallen to -18, the lowest it has ever been (lower than any point in his first term) https://t.co/rK9zIJcDk0

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

"But what if we had one million EVs??? 😱😱"

Let's put 1M EVs in Alberta in context...

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

It's always been part of the national vision.
The barriers are still there, waiting to be overcome.
But the benefits---and urgency---have grown.

Forget America; it's time to build the east-west power grid.

By me, in Macleans today:

https://t.co/6EOj4RGk9I

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@wayner99 @KenBoessenkool @trevortombe Here: https://t.co/Ot4CwbUBvu

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@trevortombe One addendum to my tweet:

In 2025, firms can comply with a max of 80% offsets/credits. So that makes their effective marginal cost 0.8 x $28 + 0.2 x $95 = $41… exactly same (by fluke) as current QC permits!

In 2026 goes to 90%.

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@crisan_daria @KenBoessenkool @trevortombe Correct!

High (facility specific) benchmarks in O&G meaning not enough demand for credits.

And high benchmarks in power meaning lots of clean power offset generation = lots of supply of credits.

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@gilmcgowan @KenBoessenkool @trevortombe The freeze is largely meaningless because the effective cost of emissions largely stems from traded credits.

The freeze may stop people from banking credits from year to year, counting on the $15 lift. That would reduce demand and lower credit prices further.

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@KenBoessenkool @trevortombe They’re value is just what they can sell them for. At a max, buyers would pay up to the policy price. If there’s an oversupply, they trade at a discount to the policy price. That’s where we are now due to lax policy.

[Blake Shaffer 📊🇨🇦🇺🇦 @bcshaffer]

@KenBoessenkool @trevortombe Less tongue in cheek:

OBA (output-based allocation) determines the quantity of credits (EPCs) a facility gets. They aren’t paid out in cash; they’re are a quantity, in tonnes. (Cont)