Big Ideas: the Full Cost of Electricity

Big Ideas, a new online magazine produced by UT’s McCombs School of Business, revisited a recent Energy Institute study, the Full Cost of Electricity, through a series of questions to project leaders. Researchers Jim Dyer, a McCombs School professor of Information, Risk and Operations Management; Carey King, a lecturer in Business, Government and Society and assistant director at the Energy Institute; and Fred Beach, a lecturer in Finance and assistant director for policy studies at the Institute, provided their insights for Big Ideas. The study, which examined the many variables considered when siting new power plant costs, pulled together 23 researchers from 11 units across campus to examine the many variables factored into such decisions. Project leaders also discussed how two big trends — de-carbonization and electrification — are changing electric grids across the country. Read more.