Michael Roberts
Balancing Opportunities and Costs in Hawaii’s Increasingly Green Grid
Hawaii’s tourism-dependent economy and oil-fired power plants make it the most oil dependent state in the United States. It also has the nation’s highest electricity prices, often between 3 and 4 times the national average over the last decade. These high prices, the state’s sunny and windy climate that make it amenable to increasingly economical […]
Read MoreDo Energy Efficiency Standards Hurt Consumers? Evidence from Household Appliance Sales
We examine the effect of energy efficiency standards on the clothes washers market using a constant-quality price index constructed from same-model price changes for a significant majority of clothes washer models sold in the United States between 2001 and 2011. We find constant-quality prices fell over time, while quality increased, particularly around times energy standards […]
Read MoreWho Really Benefits from Agricultural Subsidies? Evidence from Field-level Data
If agricultural subsidies are largely capitalized into farmland values then expanding support for agriculture may not benefit farmers who rent the land they farm. Suddenly reducing subsidies may be problematic to the extent that land values already embody expectations about future subsidies. Existing evidence on the incidence of subsidies on land values is mixed. Identification […]
Read MoreUp to $100 Million in Monthly Electricity Savings for Hawai’i After Oil Prices Plummet
By Karl Jandoc and Michael Roberts As of January 12, the Brent Crude Price was just a shade under $47 per barrel. The last time prices were this low was nearly 5 years ago, in April, 2009. Since crude oil and its products feed into about 90% 70% of electricity generated in Hawai’i, it is […]
Read MoreLiquefied Natural Gas: A cleaner fossil fuel that’s cheaper than oil and pairs well with renewable energy
By Sherilyn Wee and Michael Roberts Spurred by low natural gas prices and a maturing market for liquefied natural gas (LNG), Hawai‘i Gas received their first shipment of LNG in containers in early April. In phase one of the gas utility’s plan, LNG serves as a backup fuel for locally produced synthetic natural gas (SNG). […]
Read MoreManaging a Grid with Green Energy
By Michael Roberts The calculator in the last post shows that installing solar is an incredibly valuable investment for households and businesses with the physical and financial ability to do it. The gains are so large that some wonder why the state is nearly breaking its budget to subsidize what would still, even without the […]
Read MoreThe Costs and Benefits of Installing Solar PV
By Michael Roberts Renewable energy presents many new challenges at the system level. Before we get to that, it helps to first look at things from a homeowner’s perspective. The Homeowner’s Solar PV Decision If you’re a homeowner, and you haven’t already installed PV solar, you may want to look into doing it very soon. […]
Read MoreIs Monopoly a Barrier to Hawai’i’s Ascent?
By Michael Roberts In 2012 Joseph Stiglitz, a Nobel Prize winning economist and Columbia University Business School Professor visited Hawaii to give the Stephen and Marylyn Pauley Seminar in Sustainability. Stiglitz discussed sustainability within the context of our depressed national economy and ongoing struggles with debt and unemployment. For our economy to fully recover, we […]
Read MoreWhy are Hawai’i’s Electricity Prices So High?
By Michael Roberts Excluding rooftop solar, Hawai’i residential consumers pay an average of about 37 cents for a kilowatt-hour of electricity. Taking refrigerators, water heaters, stoves, air conditioning and other uses into account, the average Hawai’i household uses about 18.5 kWh each day, for a monthly bill of about $205. That’s a lot, between three […]
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