Education

Energy Institute at Haas

Wholesale Electricity Markets and Renewable Energy

Executive Education Course
August 21 - 22, 2014

Pacific Energy Center
851 Howard Street
San Francisco, CA 94103

Course Description

In the last 20 years, the economic and institutional framework for wholesale electricity markets fundamentally changed, altering the business landscape for fossil fuel and renewable generation. Drawing heavily on the tools of economics, this course will cover the fundamental concepts of competitive electricity markets, their potential efficiencies, and the market failures that can occur. Most of day 2 will focus on environmental impacts of electricity generation and policies created to address those concerns.

Course Syllabus

Day One: Thursday, August 21

Session 1: Competitive Wholesale Electricity Markets 9:00 am - 10:30 am
Session 2:  Market Power in Electricity Market 10:45 am- 12:15 pm
Lunch Break 12:15 pm- 1:30 pm
Session 3:  Market Power Mitigation 1:30 pm - 3:00 pm
Session 4:  Resource Adequacy in Restructured Electricity Markets 3:15 pm - 4:45 pm

Day Two: Friday, August 22

Session 5:  Commodities, Futures and Derivative Electricity Markets 9:00 am - 10:30 am
Session 6:  Energy Externalities 10:45 am - 12:15 pm
Lunch Break 12:15 pm - 1:30 pm
Session 7:  Economics of Renewable Energy 1:30 pm - 3:00 pm
Session 8:  Recent Environmental Policy Development in the Power Sector 3:15 pm - 4:45 pm

Lecturers

Severin Borenstein

Severin Borenstein is the E.T. Grether Professor of Business Administration and Public Policy at the Haas School of Business. He received his A.B. from U.C. Berkeley and Ph.D. in Economics from M.I.T. His research focuses on business competition, strategy, and regulation. He has published extensively on the airline industry, the oil and gasoline industries, and electricity markets. His current research projects include the economics of renewable energy, economic policies for reducing greenhouse gases, and alternative models of retail electricity pricing. He served on the Board of Governors of the California Power Exchange from 1997 to 2003. In 2012-13, he served on the Emissions Market Assessment Committee that advised the California Air Resources Board on the operation of California's Cap and Trade market for greenhouse gases.

James Bushnell

James Bushnell is an associate professor of economics at the University of California at Davis. He received his B.S. from the University of Wisconsin (1989) and Ph.D. in Industrial Engineering and Operations Research from UC Berkeley (1993). His research focuses on industrial organization and regulation, energy economics and policy, environmental economics, and game theorization optimization models. Since 2002, he has served on the California Independent System Operator's Market Surveillance Committee. Dr. Bushnell has also served on the California Power Exchange's Market Monitoring Committee and on the California Air Resources Board's Economic Assessment and Allocation Committee for its cap-and-trade program. In 2012-13, he served on the Emissions Market Assessment Committee that advised the California Air Resources Board on the operation of California's Cap and Trade market for greenhouse gases.

Meredith Fowlie

Meredith Fowlie is an associate professor of Agriculture and Resource Economics at the University of California, Berkeley. Prior to joining UC Berkeley, she was an Assistant Professor of Economics and Public Policy at the University of Michigan. She received a MSc in Environmental Economics from Cornell University in 2000 and PhD in Environmental and Resource Economics from UC Berkeley in 2006. Her interests lie at the intersection of empirical industrial organization, environmental economics, and public policy. Her work on the electricity sector has emphasized interactions between electricity markets and emissions permit markets.

Cost for two-day course

Government/Non-Profit rate
$625 (early registration on or before August 8, 2014)
$675 (registration on or after August 9, 2014)
Private-Sector rate
$1,625 (early registration on or before August 8, 2014)
$1,675 (registration on or after August 9, 2014)