Michael Giberson is associate professor of practice teaching business economics at the Rawls College of Business at Texas Tech University. Giberson's research and writing focuses on U.S. energy policy and electric power markets, and on the law and economics of price gouging.
Prior to joining Texas Tech in 2008, he worked with Potomac Economics, Ltd., an economic consulting firm specializing in the electric power industry. Prior to that Giberson worked for the Critical Infrastructure Protection Project and the Interdisciplinary Center for Economic Science at George Mason University, and Argonne National Lab.
Michael Giberson has been published in Nature Energy, the Electricity Journal, the Journal of Regulatory Economics, the Pacific and Asian Journal of Energy, and Regulation magazine, and has written on U.S. energy policies and federal electric power issues for trade publications. He received a BA in economics from Texas Tech University, and an MA and PhD in economics at George Mason University.
This report focuses on ERCOT and the electric power system because the power outages were the proximate cause of many hardships suffered during the failures.
The severity of the failures, the lives lost to the cold, and the significant costs imposed on the state demand a careful look at the range of possible alternatives.