Joe Daniel

Joe Daniel, an RMI energy policy expert on carbon-free electricity, explains utility regulation and how returns are set. He breaks down ROE versus cost of equity and why authorized returns often exceed market costs. They explore benchmarking problems, procurement evidence, and reform options like market-based finance and Totex, plus political barriers to change.

Joe Daniel, a Principal on the Carbon-Free Electricity Team at RMI, dives into the intricate world of coal's impact on the US electric grid. He explains the concept of non-economic dispatch, where coal plants operate despite being less cost-effective, disrupting energy efficiency. The discussion highlights how information asymmetry hinders renewables while Joe introduces tools like RMI's Economic Dispatch Hub aimed at facilitating a fair transition to cleaner energy. Insights on coal's declining role amidst rising renewables make for an engaging and enlightening conversation.