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.

Article
How Wholesale Power Markets and State Environmental Policies Can Work Together
July 10, 2017
Published in Utility Dive
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.

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.

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.

Presentation
Effect of DG Installation on Customer Load Shapes
June 23, 2017
Presented to Westar Energy
Article
A 10% leverage ration does not justify waiving the Volcker rule
June 23, 2017
Published in Risk.net
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.

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
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.

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.

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.
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.
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
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.

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
Interview with Joshua Gans on Interoperability, Disruption, and Antitrust
April 2017
Published in Perspectives in Antitrust
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.

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)
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
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
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.

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
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
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
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
January 2017
Published in Deal Points, Volume XXII, Issue 1 Winter 2017
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.

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.
London IA Event Walking Routes
Article
An Econometric Assessment of Electricity Demand in the United States using Utility-Specific Panel Data and the Impact of Retail Competition on Prices
2017
Published in The Energy Journal, Vol. 38:4, pp. 73-99
Report
December 16, 2016

The whitepaper finds that the U.S. House of Representatives’ Tax Reform Task Force Blueprint (the Blueprint) would lead to an increase in the domestic price of crude oil.

Presentation
December 14, 2016
Presented at Energy Central’s Knowledge Executive Summit, “Connecting the World’s Most Influential Utility Leaders"
Presentation
December 14, 2016
Frank C. Graves, William P. Zarakas, and Heidi Bishop
Presented at SNL Knowledge Center’s Energy Utility Regulation Conference: Strategies for Profit and Reliability

The presentation discusses how technology, updated energy storage, and rooftop solar are forcing utilities to re-examine existing pricing methods. It also examines alternatives rate making methods, special pricing structures and various incentives from the utility, regulator, and customer point of view.

Presentation
December 12, 2016
Presented at Law Seminars International’s (LSI) 12th Annual Comprehensive Conference on Alaska Energy Markets and Regulation
Presentation
The Role of RTO/ISO Markets in Facilitating Renewable Generation Development
December 8, 2016
Published by The Brattle Group, Inc.

This Brattle presentation illustrates how the U.S. electric power industry has been investing in renewable resources well beyond states’ renewable portfolio standards (RPS) and targets.

Report
Preserving Upstate Nuclear Saves New York Consumers Billions, Compared With Additional Renewables Beyond CES Goals
December 8, 2016
Presentation
Electricity Market Restructuring: Where Are We Now?
December 6, 2016
Presented to the NCSL Energy Policy Forum
Report
Nuclear Retirement Effects on CO2 Emissions: Preserving a Critical Clean Resource
December 2016
Published by The Brattle Group, Inc.
Report
Pennsylvania Nuclear Power Plants' Contribution to the State Economy
December 2016
Prepared for Pennsylvania Building and Construction Trades Council, The Pennsylvania Chamber of Business and Industry, Allegheny Conference on Community Development, and Greater Philadelphia Chamber of Commerce
Article
Elections and the Economy: What to do about Recessions?
December 2016
Rand Ghayad, Michael I. Cragg, and Frank Pinter
Published in Volume 13, Issue 1, of The Economists' Voice
Report
December 1, 2016
Prepared for Basin Electric Power Cooperative; Black Hills Corporation; Colorado Springs Utilities; Platte River Power Authority; Public Service Company of Colorado; Tri-State Generation and Transmission Cooperative; and Western Area Power Administration

This report analyzes how different market structures could alter production costs in the combined service areas of the Mountain West Transmission Group entities.

Report
Comments of Drs. Romkaew Broehm, Jeremy Verlinda, and James Reitzes to the Federal Energy Regulatory Commission Regarding Modifications to Commission Requirements for Review of Transaction Under Section 203 of the Federal Power Act and Market-Based Rate Applications under Section 205 of the Federal Power Act (Docket No. RM16-21-000)
November 28, 2016
Prepared for the Federal Energy Regulatory Commission

The comments offer commentary on four proposed changes by the FERC regarding its horizontal market power review standards for M&A and market-based rate approvals.

Article
Damages in Competition/Antitrust Arbitrations
November 22, 2016
Published in Global Arbitration Review’s (GAR) Guide to Damages in International Arbitration
Presentation
Residential Demand Charges, Distributional Effects and Energy Storage
November 17, 2016
Presented during the Edison Electric Institute (EEI) Grid Talk Webinar

Presented by Ahmad Faruqui with contributions from Ryan Hledik

Presentation
CO2e Cap-and-Trade: Interactions with Electricity Markets
November 15, 2016
Presented to the Association of Power Producers of Ontario
Presentation
November 10, 2016
Present at Energy Bar Association’s (EBA) Energizer, “Ongoing Climate Imperative”
Presentation
November 3, 2016
Presented at Law Seminars International's (LSI) 18th Annual Conference on Electric Power in California
Report
Effect on the Cost of Capital of Ratemaking that Relaxes the Linkage between Revenue and kWh Sales: An Updated Empirical Investigation of the Electric Industry
November 2016
Michael J. Vilbert, Joseph B. Wharton, Shirley Zhang, and James Hall
Published by The Brattle Group, Inc.
Report
Covering New Gas-Fired Combined Cycle Plants under the Clean Power Plan: Implications for Economic Efficiency and Wholesale Electricity Markets
November 2016
Prepared for the Natural Resources Defense Council

The report examines the potential implications for competitive wholesale electricity markets if new gas-fired combined cycle (CC) plants are not covered under the Clean Power Plan’s (CPP) mass-based state implementation plans (SIPs).

Report
November 2016
Judy Chang, Kathleen Spees, and Tony Lee
Prepared for the Natural Resources Defense Council (NRDC)

The report examines the economic and policy implications of different carbon dioxide (CO2) allowance allocation approaches under the Clean Power Plan’s (CPP) mass-based standard and/or carbon-cutting programs.

Presentation
Behavioral Economics and Competition
October 31, 2016
Presented to the Hong Kong Competition Commission

This presentation examines how the insights gained from behavioral economics can help competition authorities to better understand actual consumer behavior and alternative avenues through which firms may engage in behaviors that harm competition.

Report
Methodologies for Establishing Fixed Charges in Residential Tariffs: A Survey
October 26, 2016
Ahmad Faruqui and Kirby Leyshon
Prepared for the Pacific Gas and Electric Company, Southern California Edison Company, and San Diego Gas & Electric Company

This report was filed before the Public Utilities Commission of the State of California.

Presentation
October 24, 2016
Presented at the Embassy of Canada and Canadian Electricity Association’s Half-day Conference
Presentation
Curating the Future of Rate Design
October 20, 2016
Presented at the EUCI Residential Demand Charges Conference
Presentation
Understanding Residential Demand Charges: Present and Future
October 20, 2016
Presented at the EUCI Residential Demand Charges Conference
Presentation
Western Regional Market Developments: Impact on Renewable Generation Investments and Balancing Costs
October 19, 2016
Presented at the 9th Annual Large Solar Conference
Report
Comment on "Green Overload" - an Issue Brief by the Empire Center
October 18, 2016
Presentation
October 6, 2016
Presented at the Energy Bar Association's (EBA) 2016 Mid-Year Energy Forum
Report
Electricity Cost and Environmental Effects of Retiring the Quad Cities and Clinton Nuclear Plants
October 2016
Prepared for the Chicagoland Chamber of Commerce, the Illinois Hispanic Chamber of Commerce, and the Illinois Retail Merchants Association

The report estimates the effects that two Illinois nuclear plants, the Quad Cities and Clinton plants, have on electricity costs to Illinois consumers, and on emissions of CO2 and other pollutants.

Report
October 2016
Funded by MetLife, Inc.

A whitepaper discussing the role of life insurance as a critical driver of economic growth that helps provide stability for the U.S. economy while delivering financial protection to millions of American families.

Article
Rethinking Rationale for Net Metering: Quantifying Subsidy from Non-Solar to Solar Customers
October 2016
Barbara Alexander , Ashley Brown , and Ahmad Faruqui
Published in Public Utilities Fortnightly, October 2016. Copyright PUR Inc. (www.fortnightly.com). Used by permission of the publisher.
Presentation
September 8, 2016
Robert S. Mudge, Metin Celebi, Susan Nickey , Allyson Umberger Browne, and Elias B. Hinckley
Presented at the American Bar Association (ABA) Business Law Section's Annual Meeting
Article
Competing Perspectives on Demand Charges
September 2016
Published in Public Utilities Fortnightly, September 2016. Copyright PUR Inc. (www.fortnightly.com). Used by permission of the publisher.

This article examines deficiencies in the standard non-dynamic volumetric residential rate offerings of electric utilities, and the differing perspectives on how to address them.

Report
September 1, 2016
Prepared for the Public Utilities Office of the Government of Western Australia’s Department of Finance

The report evaluates mechanisms for mitigating market power in the reformed wholesale energy market scheduled for July 2017 implementation in Western Australia’s South West Interconnect System.

Article
Improved Transmission Planning for a Carbon-Constrained Future
September 1, 2016
Published on Brink

An article examining the need for improved transmission planning that increases flexibility to comply with evolving future regulations, while meeting anticipated policy goals at lower costs and lower risks for customers.

Article
The Bid-Ask Spread in the Danish Stock Market: Evidence from the 1990s
August 25, 2016
Published in the International Journal of Economics and Finance

The paper investigates the cost components of the bid-ask spread and the changes in the spread around earnings announcements on the small Danish stock market in the 1990s.

Article
The Impact of International Information Disclosure Requirements on Market Discipline
August 24, 2016
Pedro de Araujo and Kirby I. Leyshon
Published in Applied Economics

The study investigates which specific disclosure requirements influence financial investors to discipline banks and which do not. The authors find that the information disclosure requirements primarily reduce or have no impact on market discipline practices.

Presentation
Technology's Role, Rates and Customers, 1985-2016
August 16, 2016
Presented at the Wisconsin Public Utility Institute
Article
August 15, 2016
Ryan Hledik and Gus Greenstein
Published in the July 2016 issue of The Electricity Journal

The article analyzes the implications that the introduction of demand charges could have on customer bills and the economics of distributed energy storage.

Article
August 12, 2016
Kevin Neels, Pallavi Seth, and Jeffrey C. Metzcar
Published in Law360

The article discusses the types of information attorneys and economic experts find valuable in patent infringement litigation.

Presentation
Retail Costing and Pricing for Electricity
August 11, 2016
Presented at IPU's 58th Annual Regulatory Studies Program: The Fundamentals Course
Presentation
Dynamic Pricing & Demand Response
August 11, 2016
Presented at IPU's 58th Annual Regulatory Studies Program: The Fundamentals Course
Report
Benefits and Costs of Integration in Transmission/Transportation Networks: An Application to Eastern Australia Gas Markets
August 1, 2016
Prepared for APA Group

The report authored by Brattle economists on behalf of APA Group reviews integration in APA’s pipeline operations in Eastern Australia since the acquisition of Epic Energy in December 2012, and identifies the economic costs and benefits associated with integration.

Report
Valuation of Electric Power System Services and Technologies
August 2016
Prepared for the U.S. Department of Energy, Office of Electricity Delivery and Energy Reliability