Robert Musil at The Man Without Qualities posts on a column by Vernon Smith and Lynne Kiesling in today's Wall Street Journal. Smith and Kiesling argued for the use of flexible prices to help address electrical system problems, here: "Musil posting". Musil is posting on the same column I posted on earlier today: "What to do about electricity shortages"
Musil points out that Smith and Kiesling are arguing for prices as a way of controlling congestion on the electrical lines and that the proposal is similar to proposals to use pricing to control congestion on roads. He points out the political obstacle. He also links to other blogmentary on the Smith and Kiesling column.
I've posted a couple of times this year on the use of fees for dealing with traffic congestion: (a) "Using a fee to control externalities"; (b) "London's Congestion Pricing Scheme"; (c) "Follow-up on London congestion pricing"; (d) "Dealing with congested roads"