Publications
Archive 2017
Presentation
Forecasting the Impact of DSM on Energy Sales
September 14, 2017
Presented to the Edison Electric Institute (EEI)
Presentation
Transmission Planning Strategies to Accommodate Renewables
September 11, 2017
Presented at Energy Utility Consultants, Inc. (EUCI) Conference on Renewable Energy Grid Operations
Report
Target Date Funds: Economic, Regulatory, and Legal Trends
September 2017
Published by The Brattle Group, Inc.
Report
September 2017
Ryan Hledik, Roger Lueken, Colin McIntyre, and Heidi Bishop
Prepared for Eos Energy Storage

The report finds that operating batteries to simultaneously capture benefits from multiple value streams (i.e., “stacked benefits”) could unlock significantly more value than using batteries to target only individual applications.

Article
Innovations in Pricing: Giving Customers What They Want
September 2017
Published in Edison Electric Institute's (EEI) Electric Perspectives
Report
Blending In: The Role of Renewable Fuel in Achieving Energy Policy Goals
August 31, 2017
Marc Chupka, Michael Hagerty, and Philip K. Verleger, Jr.
Prepared for Growth Energy
Presentation
A Global Survey of Customer-centric Tariff Reforms
August 24, 2017
Presented to the Commerce Commission, Wellington, New Zealand
Presentation
Transmission Topology Optimization
August 21, 2017
Published by The Brattle Group, Inc.
Presentation
August 11, 2017
Presented at the Music Industry Research Association’s (MIRA) Conference
Report
Pricing Carbon into NYISO’s Wholesale Energy Market to Support New York’s Decarbonization Goals
August 10, 2017
Prepared for the New York Independent System Operator (NYISO)

The study, prepared for the New York Independent System Operator (NYISO), finds that adding a carbon charge into the wholesale energy market could improve the state’s ability to meet its decarbonization goals cost-effectively.

Article
Efficiency and Nuclear Energy: Complements, not Competitors, for a Low-Carbon Future
August 2017
To be submitted to The Electricity Journal in response to Amory Lovins, “Do Coal and Nuclear Generation Deserve Above-Market Prices?,” The Electricity Journal, July 2017, Vol. 30, Issue 6, Pages 22-30.
Report
Compensating Risk in Evolving Utility Business Models
August 2017
Published by The Brattle Group's Retail Energy Practice

This brief focuses on how the overall risk of a utility, especially as measured in its cost of capital, may be impacted by "Utility of the Future" developments.

Article
The Dynamics of Platform Business Value Creation
August 2017
Published in Competition Policy International - Antitrust Chronicle
Article
August 2017
Published in the American Intellectual Property Law Association (AIPLA) Quarterly Journal

This article reviews the economic framework behind the calculation of reasonable royalty damages and explain how to implement two key methods of computing these damages—referred to as the Market Share Method (“MSM”) and the Equilibrium Profit Method (“EPM”).

Article
Enhancing Customer-Centricity: Growing New Relationships
August 2017
Ahmad Faruqui and Henna Trewn
This article was published in Public Utilities Fortnightly, August 2017. Copyright PUR Inc. (www.fortnightly.com). Used by permission of the publisher.
Article
Market Manipulation in Energy-Related Markets
August 2017
Published in the American Bar Association's (ABA) Transportation and Energy Industries Digest
Presentation
Advancing Past “Baseload” to a Flexible Grid: How Grid Planners and Power Markets Are Better Defining System Needs to Achieve a Cost-Effective and Reliable Supply Mix
July 28, 2017
Presented to the Senate Energy & Natural Resources Committee
Article
July 17, 2017
Published in Law360

This article evaluates a proposed remedy that would allow investors to hold shares in one company in a concentrated industry, or limit their shareholdings to no more than one percent of the industry.

Presentation
Well-Planned Transmission to Integrate Customer Needs and Resources
July 14, 2017
Presented at WIRES
Article
How Wholesale Power Markets and State Environmental Policies Can Work Together
July 10, 2017
Published in Utility Dive
Report
The public benefits of leasing energy efficient equipment
July 2017
Ahmad Faruqui, Neil Lessem, and Henna Trewn
Published in The Electricity Journal, Volume 30, Issue 6

Utility-led leasing solutions can overcome several key barriers to customer adoption of new, efficient products that are overlooked by traditional energy efficiency programs or non-utility leasing programs, as a program proposed by Puget Sound Energy illustrates. By encouraging the installation of energy efficient equipment, a utility-led leasing program would generate significant benefits in terms of bill savings, enhanced comfort and quality of life, avoided energy costs, avoided capacity costs, and avoided emissions.

Report
July 2017
Ryan Hledik, Will Gorman, Nicole Irwin, Michael Fell, Moira Nicolson, and Gesche Huebner
Prepared for Citizens Advice

This report quantifies the system value of time-of-use (TOU) tariffs in Great Britain and explores consumer preferences for TOU tariffs.

Article
Rethinking Customer Research in the Utility Industry
July 2017
Ahmad Faruqui and Henna Trewn
This article was published in Public Utilities Fortnightly, July 2017. Copyright PUR Inc. (www.fortnightly.com). Used by permission of the publisher.
Presentation
PRISM Simulating the Impact of Demand Charges in the Absence of Empirical Data
June 30, 2017
Angela Gunn
Presented at the Center for Research in Regulated Industries' (CRRI) 30th Annual Western Conference
Presentation
The Public Benefits of Leasing Energy Efficient Equipment: A Utility Case Study
June 30, 2017
Henna Trewn, Ahmad Faruqui, and Neil Lessem
Presented at the Center for Research in Regulated Industries' (CRRI) 30th Annual Western Conference
Presentation
Estimating the Impact of DSM on Energy Sales Forecasts: A Survey of Utility Practices
June 29, 2017
Zhen Wang, Ahmad Faruqui, and James Hall
Presented at the Center for Research in Regulated Industries' (CRRI) 30th Annual Western Conference
Report
June 26, 2017
Prepared for the Natural Resources Defense Council (NRDC)

The report examines why traditional “baseload” power plants, such as coal and nuclear, are becoming less economical, why their ability to produce power continuously is less essential in today’s supply mix, and why operational flexibility is an increasingly important ingredient for a cost-effective supply of electricity.

Article
A 10% leverage ration does not justify waiving the Volcker rule
June 23, 2017
Published in Risk.net
Presentation
Effect of DG Installation on Customer Load Shapes
June 23, 2017
Presented to Westar Energy
Article
Do Manufacturing Firms Relocate in Response to Rising Electric Rates?
June 2017
Published in Energy Regulation Quarterly, Volume 5, Issue 2

This article investigates whether U.S. industrial manufacturing customers faced with rising electric rates relocate to lower-cost regions.

Report
Evolving Business and Regulatory Models in a Utility of the Future World
June 2017
Published by The Brattle Group's Retail Energy Practice
Article
Reforming Ontario’s Wholesale Electricity Market: The Costs and Benefits
June 2017
Published in Energy Regulation Quarterly, Volume 5, Issue 2

This article provides a review of a recent report authored by Brattle economists examining the net benefit that Ontario could realize through implementation of a locational energy market, improving the system’s operating flexibility, and the introduction of an incremental capacity auction for maintaining resource adequacy.

Presentation
DERs and Electricity Rates in Ontario
May 29, 2017
Presented at The Mowat Centre Conference on Emerging Energy Trends
Report
May 23, 2017
Prepared for The Wireless Infrastructure Association (WIA)

This report discusses how the wireless infrastructure industry will impact the U.S. economy in the coming years, as mobile wireless services and networks continue to expand.

Report
Diversity of Reliability Attributes: A Key Component of the Modern Grid
May 17, 2017
Prepared for the American Petroleum Institute

The report outlines the key reliability challenges and defines the attributes in which electric grid operators should focus on in order to maintain and strengthen system reliability.

Report
May 12, 2017
Prepared for the Rhode Island Office of Energy Resources and the Distributed

The Rhode Island Office of Energy Resources (OER) and Distributed Generation Board engaged The Brattle Group to conduct a study to assess the economic, jobs, and environmental impacts of the Renewable Energy Growth (REG) Program years 2015 and 2016 as well as to estimate, based on the experience with program years 2015 and 2016, the expected impacts of the overall REG program between 2015 and 2019.

Report
Comments of Dr. Samuel Newell to the Federal Energy Regulatory Commission Regarding State Policies and Wholesale Markets Operated by ISO New England Inc., New York Independent System Operator, Inc., and PJM Interconnection, L.L.C.
May 2, 2017
Prepared for the FERC Technical Conference

Dr. Newell's comments describe how wholesale power markets and state policies can work together to achieve decarbonization objectives and reliability objectives at a low cost.

Article
May 2017
Published in Concurrences Law & Economics

This article discusses the current legal framework for competition and merger reviews in Canada and the growing interest in incorporating non-price effects into competition assessments.

Book
Risk and Return for Regulated Industries
May 2017
Published by Elsevier

This book establishes the principles and procedures for determining the fair rate of return on capital investment.

Article
Using Electric And Gas Forwards To Manage Market Risks
May 2017
Published in North American Windpower
Article
Securities Class Actions: Trading Models to Estimate Individual Investor Trading Activity and Aggregate Damages
May 2017
Published by The Brattle Group, Inc.
Article
Dynamic Pricing Works in a Hot, Humid Climate
May 2017
This article was published in Public Utilities Fortnightly, May 2017. Copyright PUR Inc. (www.fortnightly.com). Used by permission of the publisher.
Report
The Future of Ontario's Electricity Market: A Benefits Case Assessment of the Market Renewal Project
April 20, 2017
Johannes P. Pfeifenberger, Kathleen Spees, Judy Chang, Mariko Geronimo Aydin, Walter Graf, Peter Cahill, James Mashal, and John Imon Pedtke
Prepared for IESO
Presentation
April 20, 2017
Presented at the Society of Utility and Regulatory Financial Analysts’ (SURFA) 49th Financial Forum “Cost of Capital in a Changing Utility Landscape”
Presentation
Moving Forward with Tariff Reform
April 6, 2017
Presented during the EEI Webinar on Rate Design
Presentation
An Irreverent Take on Customer Research in Our Industry
April 4, 2017
Presented at the EPRI Workshop: Understanding Customer Preferences for and Adoption of New Services and Technology
Article
Interview with Joshua Gans on Interoperability, Disruption, and Antitrust
April 2017
Published in Perspectives in Antitrust
Article
April 2017
Elaine Buckberg and David Seltzer
Published in Public Works Financing

Dr. Buckberg reviews the benefits of using tax credit bonds as a debt instrument, and why they should be a key component in new federal infrastructure policy initiatives.

Article
April 2017
Philip Q Hanser, Roger Lueken, Will Gorman , and James Mashal
Published in Utilities Policy

This article discusses how low-cost solar photovoltaics (PV) and battery electricity storage can potentially bring about fundamental shifts in the structure of the U.S. power sector.

Report
April 2017
Prepared for Nuclear Matters

This report finds that Ohio’s nuclear energy plants will contribute approximately $510 million to the state gross domestic product (GDP) over the next ten years (2018-2027), in addition to other economic and societal benefits.

Report
March 13, 2017
Michael I. Cragg, Jehan deFonseka, Lawrence Powell, and Bin Zhou
Published in Tax Notes, Volume 154, Number 11

This report finds that newly-proposed tax legislation aiming to defer the recognition of affiliated offshore reinsurance for U.S. tax purposes will negatively impact businesses and consumers in the United States.

Report
The Impact of AMI-enabled Conservation Voltage Reduction on Energy Consumption and Peak Demand
March 2017
Published in The Electricity Journal, Volume 30, Issue 2

Conservation voltage reduction (CVR) has been around for a long time but most utilities have been reluctant to deploy it out of a concern that customers might be negatively affected. With advanced metering infrastructure, AMI, that concern might go away or so goes the theory. To test that idea, PHI in Maryland carried out AMI-enabled CVR. Brattle analyzed the data on their behalf and found that CVR, regulated with AMI, can reduce energy consumption and peak demand without affecting customer comfort. Customers get lower bills without having to take any actions to modify their lifestyle. It is a win-win.

Report
Building an Effective Trade Surveillance System: A Framework-Based Approach using Guidance from Two Recent FERC White Papers
March 2017
Published by The Brattle Group, Inc.

The whitepaper outlines a cost-effective, learning-driven approach for companies to develop in-house trade surveillance systems to analyze potentially manipulative behavior.

Report
February 27, 2017
Michael I. Cragg, Jehan deFonseka, Bin Zhou, and Lawrence Powell

This is an excerpt from the report titled “The Impact of Offshore Affiliate Reinsurance Tax Proposals on the U.S. Insurance Market,” originally published on January 23, 2017. This excerpt is focused the economic impact of the border adjustment provision contained in the Republican’s Blueprint tax reform proposal.

Article
Computing Damages in Product Mislabeling Cases: Plaintiffs’ Mistaken Approach in Briseno v. ConAgra
February 27, 2017
Published in Bloomberg Bureau of National Affairs (BNA)
Article
February 22, 2017
Published in Bloomberg Government

Elaine Buckberg poses some critical questions to help assess whether the Trump tax credits will leave a legacy of economically important projects or subsidize private investments with little public benefit.

Presentation
Western Regional Market Developments: Impact on Renewable Generation Investments and Balancing Costs
February 7, 2017
Presented at the Wind Power Finance & Investment Summit
Presentation
Rethinking Capacity Mechanisms in the Context of Emerging Flexibility Challenges
February 3, 2017
Presented at the European Capacity Mechanisms Forum
Article
February 2017
Neil Lessem, Ahmad Faruqui, Sanem Sergici, and Dean Mountain
This article was published in Public Utilities Fortnightly, February 2017. Copyright PUR Inc. (www.fortnightly.com). Used by permission of the publisher.
Brochure
Forward Momentum: Meet Our New Experts
February 2017
Published by The Brattle Group, Inc
Report
Eco-Premium or Eco-Penalty? Eco-Labels and Quality in the Organic Wine Market
February 2017
Magali A. Delmas and Neil Lessem
Published in Vol 56, Issue 2 of Business & Society

This paper investigates how the environmental signal of eco-labels interacts with product characteristics such as brand, quality, and price.

Article
February 2017
Ahmad Faruqui, Josephine Duh, and Ingrid Rohmund
Published in the February 2017 issue of Electricity Policy’s Electricity Daily

This article addresses the issue of econometric models over-forecasting utility sales, resulting in revenue shortfall.

Article
FV, gli incentivi dopo la Corte Costituzionale
January 27, 2017
Published in the January 27, 2017 issue of Quotidiano Energia

This article discusses the quantification of damages through arbitration by international investors of renewable energy projects, particularly solar photovoltaic (PV) plants.

Article
January 27, 2017
Published in the January 27, 2017 issue of Quotidiano Energia

This article discusses the quantification of damages through arbitration by international investors of renewable energy projects, particularly solar photovoltaic (PV) plants.

Presentation
January 26, 2017
Presented at the Electric Utility Consultants, Inc. (EUCI) conference, “Financial Transmission Rights (FTRs/CRRs/TCRs)”
Presentation
January 25, 2017
Presented at the American Coal Ash Association’s (ACAA) 2017 Winter Membership Meeting
Report
January 23, 2017

This report finds that newly-proposed tax legislation aiming to defer the recognition of affiliated offshore reinsurance for U.S. tax purposes will negatively impact businesses and consumers in the United States.

Presentation
January 11, 2017
Presented at the University of California, Davis Energy Efficiency Center Seminar
Article
January 2017
Published in Deal Points, Volume XXII, Issue 1 Winter 2017
London IA Event Walking Routes
Report
Warranted Surveillance? Evaluating the Economic Case for Space-Based ADS-B
January 2017
Dorothy Robyn and Kevin Neels
Published by The Brattle Group, Inc.
Report
Analysis of Initial Comments Regarding Commission’s Income Tax Allowance Policy for Partnership Pipelines
Submitted on behalf of United Airlines Petitioners and Aligned Shippers, in FERC Docket No. PL17-1-000
Report
January 2017
Published by The Brattle Group, Inc.

The whitepaper shows the potential for U.S. utility sales to nearly double by 2050 while energy sector carbon dioxide (CO2) emissions could decrease by 70 percent or more through the electrification of transportation and heating.

Article
2017
Published in The Energy Journal, Volume 38, Number 4

The article estimates electricity demand elasticity for different customer classes as well as the price effects from unbundled wholesale generation in conjunction with retail competition in the United States during the period 1972-2009.

Report
January 2017
Published by The Brattle Group, Inc.

The whitepaper examines how wind generators could use standard electric and gas forward contracts to hedge its revenue to reduce risk over mid- to long-term horizons.

Article
Liquidity Shocks in the Secondary Corporate Loan Market
2017
John Anthony, Paul Docherty, Doowon Lee, and Abul Shamsuddin
Published in The Journal of Fixed Income, Spring 2017, Vol. 26, No. 4: pp. 53-72