Utility Regulatory Policy and Ratemaking
Climate Change Policy and Planning
Overview
Engagements
Experts
Publications

The issue of climate change and its potential economic consequences for energy investments and the economy as a whole – though quite uncertain due to lack of policy resolution – cannot be ignored in utility resource planning, load forecasting, fuel development, and long-term risk management. A patchwork of pricing and control policies is emerging, including regional carbon pricing initiatives, externality penalties imputed for the cost of greenhouse gas (GHG) pollution, renewable resource standards and incentives, and federal rules for operational controls or CO2 emissions limits. Each of these can be complex to forecast as to its parameters, compliance costs, or policy duration – yet they can be quite material to valuations. In addition, climate change itself may have important utility asset and operational implications in the long run.

The Brattle Group assists companies and associations in navigating this complex and shifting world by forecasting possible policy impacts and analyzing strategies for coping with this significant regulatory uncertainty. By its very nature, climate policies are intended to change a wide variety of economic behaviors. Thus, an integrated view of fuel substitution, demand response, and technology development is required to assess its potential impacts. Brattle’s breadth of experience allows us to provide rigorous analyses of these complex interactions. We have applied these skills to a wide range of climate-driven engagements, including climate protection policy design recommendations, CO2 price and risk forecasting, control technology viability assessments, plant value at-risk assessments, and regional economic impacts of GHG policies.

Principals
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Principal
+61.2.8123.0999
Dr. Toby Brown specializes in the regulation and economics of the gas and electricity sectors. He has consulted for pipelines, utilities, and regulators and he has particular expertise in incentive-based regulation in the energy sector. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Metin 087
Principal
+1.617.864.7900
Dr. Metin Celebi provides expertise in electricity markets and analysis of environmental and climate policy. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Chang for web
Principal
+1.617.864.7900
Judy Chang is an energy economist and policy expert with a background in electrical engineering. She has 20 years of experience in advising clients in transmission, resource, and strategic planning. 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
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
Hesmondhalgh 086
Principal
Dr. Hesmondhalgh has worked as a consultant in the energy sector for more than 20 years, predominantly in the electricity and gas sectors. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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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
Jurgen weiss0492
Principal
+1.617.864.7900
Dr. Weiss specializes in issues broadly motivated by climate change concerns, such as renewable energy, energy efficiency, energy storage, the interaction between electricity, gas and transportation, and carbon pricing. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Academic Advisors
Fox penner 131
Academic Advisor
+1.202.955.5050
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
Academic Advisor
Dr. Robinson is a Senior Fellow of the Oxford Institute for Energy Studies. He consults on competition, regulation, and corporate strategy in energy and other regulated sectors. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Presentation
The Clean Power Plan: Implications for the Western Interconnect
January 20, 2016
Presented at the EUCI Conference, "Optimizing Carbon Market Mechanisms in the Western Interconnect," Los Angeles, CA
Report
The Clean Power Plan: Focus on Implementation and Compliance
January 2016
Published by The Brattle Group, Inc.
Presentation
The Clean Power Plan: Retirements and Reliability
April 1, 2015
Presented at the EUCI Conference, Houston, TX
Presentation
Hydropower and the EPA Section 111(d) Proposal
August 12, 2014
Presented at the National Hydropower Association
Presentation
Causation and Effect: Emissions Analysis in Retrospective NSR Cases
January 29, 2013
Presented at the Energy, Utility and Environmental Conference, Phoenix, AZ
Article
What Price, GHGs?
October 2012
Published in Public Utilities Fortnightly
Presentation
New U.S. Emission Regulations: Electric Industry Impacts
May 11, 2012
Presented at the U.S. Energy 24th Annual Energy Conference
Presentation
Potential Coal Plant Retirements Under Emerging Environmental Regulations
December 8, 2010
Metin Celebi, Frank C. Graves, Gunjan Bathla, and Lucas Bressan
Published by The Brattle Group, Inc.
Report
The Economic Impact of AB 32 on Localities: A Look at Chula Vista
December 2010
Published by The Brattle Group, Inc.
Report
Executive Summary - The Economic Impact of AB 32 on Small Businesses: An Update
October 2010
Published by Union of Concerned Scientists
Presentation
Natural Gas Demand and Climate Policies
July 11, 2010
Prepared for the American Gas Association Legal Forum, Lake Geneva, WI
Report
Volatile CO2 Prices Discourage CCS Investment
January 2009
Published by The Brattle Group, Inc.