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P2P – Proven to Perform – Program Design

By Energy Rant No Comments
This post rolls out better ideas for pay for performance (P4P) programs you read about in the last two posts here and here. But first, I will set the stage from the perspective of the program implementation contractor. Perhaps it is best depicted with a scene from the cartoonish 1977 Clint Eastwood flick, The Gauntlet. I think a bit of cooperative teamwork is needed to make P4P approaches work – and they can work well! Punk There is another issue with third-party P4P concepts, and staying with the Clint theme, it goes like this: “Go ahead, punk. Make my day.”…
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From 1985 With Lov(ins) – Prescient Predictions

By Energy Rant No Comments
As I get older, I’m more interested in old stuff, especially how our ancestors lived, the challenges they faced, and the technologies they used. As I mentioned last week, our ancestors needed to be more creative than we are today. They had to use their brains or work tirelessly to serve customers to be successful (some of this is still required today). Today, we simply make an algorithm to grind numbers to optimize processes. Compare the toil and ingenuity required to launch and  build Facebook compared to Boeing, Ford, IBM, McDonald’s or Hilton. The efforts and ingenuity required to build…
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Utilities – We all Un-Bundle

By Energy Rant One Comment
Our theme the last few weeks has covered technological change, consumer emotions, and irrational ways of thinking. The regulated monopoly and its cost-of-service model will not last forever. Someday it will be replaced. What might that look like? Right after last week’s post, From Crazy to Rational went up, I read Why Electric Utilities Should Replace Electric Rate Base in Fortnightly. Wow. How fortuitous! Cost-of-Service The cost-of-service model (COS) described in last week’s post, and verified by the Fortnightly article, motivates utilities to provide slightly more business efficiency than government. The COS model sets revenue requirements for utilities by capitalizing…
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