May 20, 2015

Brattle to Sponsor Symposium on Market Power and Market Manipulation in Energy Markets

The Brattle Group will be sponsoring the upcoming program, “A Symposium on Market Power and Market Manipulation in Energy Markets," taking place Wednesday, May 20th, 2015 and hosted by the Center for Business & Public Policy at Georgetown University's McDonough School of Business.

More than a decade after the crisis in California and other western energy markets, the Federal Energy Regulatory Commission (FERC), Commodity Futures Trading Commission (CFTC), and other agencies are opening large numbers of market manipulation cases pursuant to recently expanded regulatory authority. These investigations involve both physical and financial commodities and extend beyond electric power into natural gas, electricity and gas derivatives, and many financial products unrelated to electric power.

CFTC Commissioner Sharon Y. Bowen will open the symposium with a luncheon keynote address, which will be followed by two moderated panel discussions with audience Q&A addressing market power, market manipulation, and recent enforcement actions and regulatory proceedings. Brattle principal Shaun Ledgerwood will serve as a panelist during the session on “Market Manipulation in Energy Markets.”

Following the symposium, Brattle will host a reception to celebrate the upcoming release of Market Power and Market Manipulation in Energy Markets: From the California Crisis to the Present, authored by Dr. Ledgerwood along with Brattle principals Gary Taylor, Romkaew Broehm, and Peter Fox-Penner. Drawn from their experience analyzing and assessing the California energy crisis, this new book provides insights and an analytical framework for understanding the legal and economic nuances associated with energy market manipulation. To learn more about Brattle's expertise, please visit here.

Additional information on the symposium can be found here.

Associated Experts
Broehm 076
Dr. Broehm is an economic expert in the electric utility industry specializing in the areas of market competition, impacts of regulatory policies on wholesale power markets and power assets and valuation, and the evaluation of power procurement. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
0107 1
Dr. Ledgerwood is an expert in market competitiveness with an emphasis on the economic analysis of potential market manipulation claims in commodities and securities markets. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Taylor 066
Mr. Taylor's areas of expertise include contract and market risks and incentives, antitrust and regulatory economics, and transition markets. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Fox penner 131
Academic Advisor
Dr. Fox-Penner specializes in economic, regulatory, and strategic issues in network industries. His practice centers on energy and environmental policies and electric regulation, planning, and competition issues. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4