Energy Institute at Haas

Executive Education Course Economics of Energy and the Environment

Economics of Energy and the Environment:

California State University, East Bay
Oakland Center
1000 Broadway, Suite 109
Oakland, CA 94607

March 25 - 26, 2013


Course Description:

Energy market operations and environmental regulation have increasingly become intertwined. An understanding of one is crucial for a complete understanding of the other. Drawing heavily on the tools of economics, this course will cover the fundamental concepts behind various approaches to environmental regulation and their impacts on energy markets. The consequences of various regulatory strategies will be examined in the context of the continuing changes in the organization and regulation of energy markets.

Course Syllabus

Day One, Monday March 25

Session 1:                                               9:30am - 11:00am

Fundamentals of Electricity Regulation                   


Session 2:                                             11:15am – 12:45pm

Competitive Wholesale Electricity Markets 

Lunch Break                                           12:45pm – 1:45pm


Session 3:                                                 1:45pm – 3:15pm

Market Power in Electricity Markets 


Session 4:                                                   3:30pm–5:00pm
Time-Varying Retail Electricity Pricing 


Day Two, Tuesday March 26


Session 5:                                               9:00am – 10:30am

Energy Externalities


Session 6:                                            10:45am –12:15pm  

Regulating the Environment: Taxes vs. Emissions Limits   


Lunch Break                                            12:15pm –1:30pm


Session 7:                                                 1:30pm – 3:00pm

Energy Efficiency Incentives and Standards


Session 8:                                                  3:15pm –4:45pm

Economics of Renewable Energy       



Severin Borenstein, E.T. Grether Professor of Business Administration and Public Policy at the Haas School of Business, U.C. Berkeley.


James Bushnell, Associate Professor, Department of Economics, U.C. Davis.

Reading List