Haas School of Business
Cheit Hall Room C-220
University of California, Berkeley
Berkeley, CA 94720-1900

Wednesday, March 26, 2008 9:00 am –
Thursday, March 27, 2008 5:00 pm

This two-day course builds on the concepts taught in CSEM’s “Economic Fundamentals of Electricity Regulation and Markets” course. Energy professionals with some economics training and who are interested in energy market design and environmental economics should attend. Each day there will be four 90-minute sessions and a break for lunch. Lunch will be provided. All sessions are interactive and student participation is encouraged. Each registrant has the option of attending the full course for two days, or selectively attending one day only.

Course Syllabus


Day 1: March 26, 2008:
Session 1: Risk and Hedging
Session 2: Tariff Design and Dynamic Pricing
Session 3: Retail Procurement and Policies
Session 4: Capacity Markets and Resource Adequacy

Day 2: March 27, 2008:
Session 1: Externalities
Session 2: Prices vs. Quantities and Cap and Trade
Session 3: Alternative Energy and Innovation
Session 4: Climate Change

Lecturers Profiles

Severin Borenstein is Co-Director of CSEM, a Professor of Business Economics at UC Berkeley’s Haas School of Business, and Director of the University of California Energy Institute. Professor Borenstein holds a Ph.D. in economics from MIT. His research focuses on business competition and government regulation. He is the author of many articles on competition in electricity markets and on the gasoline and oil markets. Professor Borenstein also has done extensive research on the airline industry. He has advised many state and federal agencies and state and foreign governments on energy and airline matters. He is a research associate of the National Bureau of Economic Research in Cambridge , Massachusetts . Professor Borenstein previously served as a member of the Board of Governors of the California Power Exchange.

James Bushnell is Co-Director of CSEM, Research Director of the University of California Energy Institute and a Lecturer at UC Berkeley’s Haas School of Business. Dr. Bushnell holds a Ph.D. in Industrial Engineering and Operations Research from UC Berkeley. His research focuses on many aspects of operations, regulation and competition in the electricity industry. He is the author of many articles covering such topics as auction design, transmission planning and investment, market power, and energy demand. Dr. Bushnell serves on the California ‘s Independent System Operator’s Market Surveillance Committee and has served on the Market Monitoring Committee of the California Power Exchange.