Electricity Market Modeling & Resource Planning

The Brattle Group has extensive experience helping electricity industry participants understand the risks and opportunities surrounding their critical business decisions in a rapidly evolving market. We regularly analyze major investments, construct resource plans, and evaluate the implications of public policies.

Our consultants bring a broad perspective to these problems grounded in knowledge of electricity market fundamentals and regulations, enabling us to frame the most important issues to analyze in order to most effectively and efficiently inform the decision. Our skill set in electricity market analysis is unparalleled. We are experts in financial modeling, option pricing, decision analysis, and risk management, and market analysis and forecasting.

Areas of Expertise

Principals
Broehm 076
Principal
+1.617.864.7900
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
Carpenter 063
Principal
+1.617.864.7900
Dr. Carpenter specializes in the fields of energy economics, regulation, corporate planning, pricing policy, and antitrust. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Metin 087
Principal
+1.617.864.7900
Dr. Celebi provides expertise in electricity markets and the analysis of environmental and climate policy. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Chupka 090
Principal
+1.202.955.5050
Mr. Chupka has more than 25 years of public and private sector experience analyzing energy markets and regulation and assisting energy clients and counsel in a broad span of commercial analysis, regulatory proceedings, and litigation support. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Webrichgoldberg img 4749
Principal
+1.415.217.1000
Dr. Goldberg specializes in complex litigation in which careful analysis and modeling of economic, business, or financial data is critical. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Graves 060
Principal
+1.617.864.7900
Mr. Graves specializes in regulatory and financial economics, especially for electric and gas utilities, and in litigation matters related to securities litigation and risk management. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Ryanhledik img 4596
Principal
+44.20.7406.7900
+1.415.217.1000
Mr. Hledik has expertise in assessing the economics of smart grid investments and policies. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Murphy 038
Principal
+1.617.864.7900
Dr. Murphy is an engineer and economist with expertise in energy, competitive, and regulatory economics and finance, as well as quantitative modeling and risk analysis. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Newell 090
Principal
+1.617.864.7900
Dr. Newell is an expert in electricity wholesale markets, the transmission system, and RTO rules. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Pfeifenberger 034 edited
Principal
Mr. Pfeifenberger is an economist with a background in electrical engineering and over twenty-five years of experience in the areas of regulatory economics and finance. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Shavel 087
Principal
+1.202.955.5050
Dr. Shavel is an energy economist specializing in the economics and operations of the U.S. electric power system, generation and transmission investment, and environmental strategy. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Spees 13a
Principal
+1.617.864.7900
Dr. Kathleen Spees has expertise in wholesale electricity and environmental policy design and analysis. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Tsuchida 084
Principal
+1.617.864.7900
Mr. Tsuchida specializes in the analysis of wholesale electric markets and modeling. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Senior Associates
Aydin 087
Senior Associate
+1.415.217.1000
Mr. Onur Aydin is a senior associate with an engineering background and over 10 years of experience in energy economics, electricity market modeling, and transmission planning. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Geronimo 062
Senior Associate
+1.415.217.1000
Ms. Geronimo Aydin addresses electricity industry issues and provides economic assessments in the context of strategic and resource planning, regulatory proceedings, and litigation. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
24 edit 2
Senior Associate
+1.202.419.3356
Mr. Kline’s areas of expertise include electricity markets and regulation, financial accounting, corporate finance, asset valuation, international arbitration, market manipulation, and fraud. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Ruiz 065
Senior Associate
+1.617.864.7900
Dr. Ruiz is an electrical engineer with experience in electric power systems analysis and research. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Yang71
Senior Associate
+1.202.955.5050
Dr. Yang specializes in the development of economic models to conduct economic and policy analyses in the energy industry, with a focus on the power sector. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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
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.

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
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.

Report
Benefits of the Southwest Intertie Project-North (SWIP North)
March 31, 2016
Prepared for Great Basin Transmission, LLC
Report
Enhancing the Efficiency of Resource Adequacy Planning and Procurements in the Midcontinent ISO Footprint: Options for MISO, Utilities, and States
November 2015
Prepared for NRG
Report
Resource Adequacy in Western Australia: Alternatives to the Reserve Capacity Mechanism
August 2014
Prepared for EnerNOC, Inc.
Presentation
Topology Control Algorithms: Applications for Market Efficiency Improvements and Overload Relief
July 30, 2014
Pablo Ruiz, Michael Caramanis, Evgeniy Goldis, David Hislop, Bhavana Keshavamurthy, Xiaoguang Li, Dan Moscovitz, Russ Philbrick, Alex Rudkevich, Richard Tabors, and Toshiki Bruce Tsuchida
Presented at the Super Session on Grid Operations, 2014 IEEE PES General Meeting, National Harbor, MD
Presentation
Resource Adequacy Requirements, Scarcity Pricing, and Electricity Market Design Implications
July 2, 2014
Presented at the IEA Electricity Security Advisory Panel, Paris, France
Presentation
Topology Control Algorithms (TCA): Simulations in PJM with AC Modeling
June 23, 2014
Pablo Ruiz, Michael Caramanis, Evgeniy Goldis, Bhavana Keshavamurthy, Xiaoguang Li, Russ Philbrick, Alex Rudkevich, Richard Tabors, and Toshiki Bruce Tsuchida
Presented at the FERC Technical Conference On Increasing Real-Time And Day-Ahead Market Efficiency Through Improved Software, Washington, DC
Report
Resource Adequacy Requirements: Reliability and Economic Implications
September 2013
Johannes P. Pfeifenberger, Kathleen Spees, Kevin Carden, and Nick Wintermantel
Prepared for the Federal Energy Regulatory Commission (FERC)
Report
Resource Adequacy in California: Options for Improving Efficiency and Effectiveness
October 2012
Prepared for Calpine
Presentation
Modern Integrated Resource Planning for a Low-Carbon Future
December 12, 2011
Presented to the United States Energy Association, Global Workshop on Low Carbon power Sector Development, Washington, DC
Article
Decision Complexities in Utility Resource Planning and Environmental Compliance Investment
September 2011
In The Market Backdrop to U.S. Power Generation Coal Technology Goal-Setting and Learning, and published by Electric Power Research Institute (EPRI)
Report
The Economics of Resource Adequacy Planning: Why Reserve Margins Are Not Just About Keeping the Lights On
April 2011
Kevin Carden, Nick Wintermantel, and Johannes P. Pfeifenberger
Published by National Regulatory Research Institute