Buehler Alumni Center
AGR Hall
University of California, Davis
Davis, CA 95616

July 31 – August 1, 2012

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

Session 1: Fundamentals of Electricity Regulation 9:30am – 11:00am
Session 2: Competitive Wholesale Electricity Markets 11:15am – 12:45pm
Lunch Break 12:45pm – 1:45pm
Session 3: Market Power in Electricity Markets 1:45pm – 3:15pm
Session 4: Energy Externalities 3:30pm – 5:00pm

Day Two

Session 5: Regulating the Environment: Taxes vs. Emissions Limits 9:00am – 10:30am
Session 6: The Economics of Cap-and-Trade Mechanisms 10:45am – 12:15pm
Lunch Break 12:15pm – 1:30pm
Session 7: Cap-and-Trade: Implementation Issues 1:30pm – 3:00pm
Session 8: Economics of Renewable Energy 3:15pm – 4:45pm


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.

Cost for two-day course:

Government/Non-Profit rate
$625 (early registration on or before July 2, 2012)
$675 (registration on or after July 3, 2012)

Private-Sector rate
$1,625 (early registration on or before July 2, 2012)
$1,675 (registration on or after July 3, 2012)

Lunch will be provided on both days.

Reserved parking in the South Entry Parking Structure is available for $10.00 and must be selected during registration.

Non-reserved, visitor parking is $7.00 per day and can be found in either the South Entry Parking Structure, located off of Hilgard Lane, or Visitors Lots 1 & 2, located behind the South Entry Parking Structure.