Article
The Do’s And (Mostly) Don’ts Of Non-GAAP Measures
March 3, 2017
Published on Law360
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
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
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 27, 2017
Published in Bloomberg Bureau of National Affairs (BNA)
Presentation
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.

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.
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.

Brochure
Forward Momentum: Meet Our New Experts
February 2017
Published by The Brattle Group, Inc
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.

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.

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.

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
January 2017
Published in Deal Points, Volume XXII, Issue 1 Winter 2017
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
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
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 14, 2016
Presented at Energy Central’s Knowledge Executive Summit, “Connecting the World’s Most Influential Utility Leaders"
Presentation
December 12, 2016
Presented at Law Seminars International’s (LSI) 12th Annual Comprehensive Conference on Alaska Energy Markets and Regulation
Presentation
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
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
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
Report
Nuclear Retirement Effects on CO2 Emissions: Preserving a Critical Clean Resource
December 2016
Published by The Brattle Group, Inc.
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.

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
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.

Report
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
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.
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
Comments of Mr. Johannes P. Pfeifenberger and Ms. Judy Chang to the Federal Energy Regulatory Commission Regarding Competitive Transmission Development Technical Conference (Docket No. AD16-18-000)
October 3, 2016
Prepared for the Federal Energy Regulatory Commission
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
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.

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
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.

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
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
Report
August 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
July 18, 2016
Ahmad Faruqui, Wade Davis , Josephine Duh, and Cody Warner
Published in Electricity Policy
Report
July 18, 2016
Prepared for the European Commission’s Directorate-General for Communications Networks, Content and Technology (DG Connect)

A report offering guidelines for EU-based National Regulatory Authorities (NRAs) to use when calculating an allowed rate of return—typically the weighted average cost of capital (WACC)—for electronic telecommunications operators with significant market power (SMP).

Report
OEB Pilot Plan Technical Manual
July 16, 2016
Prepared for the Ontario Energy Board
Article
Preliminary Comment on New York Department of Public Service “Staff’s Responsive Proposal for Preserving Zero-Emissions Attributes”
July 12, 2016
Prepared for the New York State IBEW Utility Labor Council, Rochester Building & Construction Trades Council, and Central and Northern New York Building & Construction Trades Council
Report
July 12, 2016
Prepared for the California Independent System Operator. Co-authored by members of The California Independent System Operator, Energy and Environmental Economics, Inc., Berkeley Economic Advising and Research, LLC, and Aspen Environmental Group.
Report
July 11, 2016
Prepared for Growth Energy
Article
Inactive Customers and Unilateral Market Power: The CMA’s Energy Market Investigation
July 2016
Published by The Brattle Group, Inc.
Presentation
Emerging Issues in Forecasting Energy Consumption
June 24, 2016
Presented at the CRRI Western Conference 2016
Presentation
A Three-Year Impact Evaluation of TOU Rates in Ontario, Canada
June 23, 2016
Presented at the Center for Research in Regulated Industries (CRRI) 29th Annual Western Conference
Presentation
Capturing Smart Meter Enabled Benefits in System Wide Rollouts
June 23, 2016
Presented at the Center for Research in Regulated Industries (CRRI) 29th Annual Western Conference
Presentation
Residential Rates for the Utility of the Future
June 22, 2016
Presented at Grid Edge World Forum 2016
Report
Clean Energy Resource Options for Massachusetts: Overall Recommendations
June 21, 2016
Project Funded by the Barr Foundation
Report
June 21, 2016
Judy Chang, Michael Hagerty, and Will Gorman
Project Funded by the Barr Foundation
Report
Review of the Renewable Denton Plan: Final Report
June 10, 2016
Prepared for City Manager George Campbell, City of Denton, Texas
Presentation
The Future of Wholesale Electricity Market Design with the Growth of Low-Carbon Generation
June 8, 2016
Presented at the Energy Bar Association's (EBA) 2016 Annual Meeting & Conference
Presentation
Capturing Smart Meter Enabled Benefits in System Wide Rollouts
June 6, 2016
Presented at The International Energy Policy Programme Evaluation Conference (IEPPEC)
Presentation
Well-Planned Electric Transmission Saves Customer Costs: Improved Transmission Planning is Key to the Transition to a Carbon-Constrained Future
June 6, 2016
Presented to WIRES
Report
June 2016
Prepared for WIRES
Article
June 2016
Published in the June 2016 Issue of Financier Worldwide
Presentation
Brattle Tariff Design Best Practices
June 1, 2016
Prepared for Tenaga Nasional Berhad (TNB) and the Government of Malaysia
Report
June 2016
Prepared for the Canadian Electricity Association, Canadian Hydropower Association, Canadian Wind Energy Association, Emera Incorporated, Government of Canada, Government of Québec, Manitoba Hydro, Nalcor Energy, and Powerex Corporation
Article
May 27, 2016
Torben Voetmann, Jan Jindra, and Ralph A. Walking
Published in the Quarterly Journal of Finance
Presentation
The Emergence of Residential Demand Charges
May 23, 2016
Presented at the 2016 EEI Rate Analysts Meeting
Presentation
May 17, 2016
Ira H. Shavel, Yingxia Yang, Roger Lueken, Andrew O’Brien, and Colin McIntyre
Prepared for The Texas Clean Energy Coalition
Presentation
May 13, 2016
Presented to the Alternative Rate Design Stakeholder Process for Xcel Energy
Presentation
Electricity Pricing for the Consumer of the Future
May 11, 2016
Presented at the International Congress of Energy Science and Industry, Energi@21, Poznan, Poland
Presentation
May 11, 2016
Presented at the Association of Energy Services Professionals (AESP) Spring Conference
Report
May 10, 2016
Prepared for the United States Court of Appeals for the Third Circuit
Article
May 5, 2016
Sent to the U.S. Government Accountability Office (GAO)
Article
May 4, 2016
Earl L. Hagström, Christopher Lyles, Mala Pattanayek, Bridgette DeShields, and Mark P. Berkman
Published in the Volume 28, Issue 2, of the Environmental Claims Journal
Report
May 2, 2016
Prepared for the National Cable & Telecommunications Association (NCTA)
Book
Distributed Energy Resources
May 2016
Published by FGV Energia
Report
May 2016
Ryan Hledik and Jim Lazar
Published in Berkeley Lab’s Future Electric Utility Regulation series
Report
April 22, 2016
Prepared for the CTIA Wireless Foundation
Report
Comments on the New York DPS "Clean Energy Standard White Paper – Cost Study"
April 21, 2016
Prepared for the New York State IBEW Utility Labor Council, Rochester Building & Construction Trades Council, and Central and Northern New York Building & Construction Trades Council
Article
April 2016
Published in Law360
Report
April 2016
Prepared for Citizens Advice
Report
Benefits of the Southwest Intertie Project-North (SWIP North)
March 31, 2016
Prepared for Great Basin Transmission, LLC