EBY

[EBY @BryceEverett91]

@xiaowang1984 no, but it doesn't have to if the customer pays for it so that it doesn't go in to the rate base, right? utility dollars should go to highest use, but this would be incremental to that

[EBY @BryceEverett91]

@xiaowang1984 right, I meant my example. bundle it with a battery and let the utility control it (and incentivize the utility to do so). that would have to provide enough system benefit to give the customer a bill credit that produces a reasonable payback for their purchase of the system

[EBY @BryceEverett91]

@xiaowang1984 true. maybe the unit economics just don't work. I haven't looked closely at the math in a while but I'd like to think it can get there eventually as costs come down and efficiency improves

[EBY @BryceEverett91]

@xiaowang1984 and also bring down resi solar costs :) project costs matter less if individuals are choosing to pay for them rather than rate base, but plug in solutions like balcony systems should bring costs down

[EBY @BryceEverett91]

@xiaowang1984 don't disagree, policy should be refined. but would like to believe there's a win win version. eg, let homeowners/renters pay for the systems and get (appropriately sized) bill credits, but they have to include a battery that the utility gets to control

[EBY @BryceEverett91]

@xiaowang1984 you don't think there are rate designs or tech solutions (bundled storage, smart devices, etc) that align home solar with system benefits?

[EBY @BryceEverett91]

@xiaowang1984 I hear what you're saying but I'm skeptical of the idea that more consumption is a positive in and of itself. there should be a way to make efficiency/load reduction system beneficial, no?

[Court Rich @Court_Rich]

@Ben_Inskeep @marcohastakes I don’t think picking who gets power is the answer here. Who gets to make that choice? If someone wants to build their own clean energy power plant to serve their load they should be able to do that all day.

[EBY @BryceEverett91]

@JaneAFlegal I like all of this but what does "tax AI" mean? generally increasing corporate tax rates and/or a carbon tax specific to new large loads both seem distributionally reasonable. less sure about other approaches that specifically target AI.

[EBY @BryceEverett91]

narrative violation alert

https://t.co/7nhhgdCqoV

[EBY @BryceEverett91]

@ShanuMathew93 semianalysis far overestimates capacity additions. dylan has consistently dismissed the challenges of adding power supply. "it's easy we'll just use jet engines and stuff." it is assuredly not easy.

[Adam Binksmith @adambinksmith]

So ridiculous that the outside investigation of the HF incident is 3 people who had access to the data for just 6 days??

Compare for example to airplane crashes, where dozens of investigators spend 12-24mo investigating and everything is published publicly

[Matthew Zeitlin @MattZeitlin]

It's very very hot in Texas.

But the grid is fine.

Electricity prices are manageable.

What happened?

🔋🔋🔋🔋BATTERIES!!! 🔋🔋🔋

https://t.co/ZUGX6nwKgw

[EBY @BryceEverett91]

isn't one of the core promises of the AI maximalists a future of universal basic income?

[Dean W. Ball @deanwball]

The main thing I have to say to the young generation of Americans is that your grandparents and great-grandparents committed a kind of accounting fraud when they ran our country a century ago with social security, and at the time it was a reasonable affordance to grant our leaders, who were dealing with an economic depression and a world war, but nonetheless they did commit the fraud, and they ended up buying all sorts of extravagant things using the fraudulent gains, including what became the thing we now understand to be the high-modern technocratic nation-state, and that is glorious and also bad and all that, but the thing is there’s still the issue about the accounting fraud, whose debt is coming due and is coming due fast.

It is best to consider this with as minimal residue of sentiment as possible, to really sit with it, to stare it coldly in the face.

Unwinding the great fraud of the high modernists is your job, whether you wish it to be or not.

[EBY @BryceEverett91]

@JaneAFlegal isn't the problem mostly transmission? obviously that itself is multifaceted, but not only is it gating renewables delivery, the bottleneck is also what's forcing grid defection. new gas capacity wouldn't be nearly as concerning if it wasn't intended to run full time baseload

[Jane Flegal @JaneAFlegal]

I wish the coverage of the gas buildout for data centers said anything about *why* it's happening. Readers are left w the impression that it's a conspiracy & not bc of a) broken systems for planning, permitting, & connecting new power; & b) lack of affordable clean firm power.

[EBY @BryceEverett91]

@zerohedge many things conflated here. off balance sheet commitments mostly aren’t debt. a lease isn’t ownership interest; those are distinct structures. SPVs aren’t esoteric. parent guarantee backstops not recognized as liabilities are the real risk, which is possible under some accounting

[EBY @BryceEverett91]

@edzitron you might be proven right, but why do you delight in it? if this proves to be a massive speculative bubble, the real economy is likely to crater with the pop, harming many people

[Jaimie @mountainwesttax]

retirement is truly wasted on some people