Energy & Water
What’s happening? A recent Texas A&M study published in the journal Nature Communications researchers devised a metric that reflects the average price of energy in the United States
Why is this important? Researchers say pricing for energy should be beyond supply and demand. “Energy is affected by all kinds of events, including political developments, technological breakthroughs and other happenings going on at a global scale.”
How will this be important? “This metric can help guide lawmakers, government or non-government organizations and policymakers on whether, say, a particular tax policy or the impact of a technological advance is good or bad, and by how much,” Pistikopoulos said. “We now have a quantitative and accurate, predictive metric to navigate the evolving energy landscape, and that’s the real value of the index.”
Texas A&M Today | Dow-Like Index For Energy Prices Might Help Smooth Transition To Clean Power
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