David Brower Center
2150 Allston Way, Tamalpais Room
Berkeley, CA 94704
May 23 – 24, 2016
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.
Day One: Monday, May 23 |
|
| Continental Breakfast | 8:30 am – 9:00 am |
| Session 1: Energy Externalities | 9:00am – 10:30am |
| Session 2: Energy Efficiency Concepts | 10:45am – 12:15pm |
| Lunch Break | 12:15pm – 1:30pm |
| Session 3: Energy Efficiency Evaluation | 1:30pm – 3:00pm |
| Session 4: Economics of Renewable Energy | 3:15pm – 4:45pm |
Day Two: Tuesday, May 24 |
|
| Continental Breakfast | 8:30 am – 9:00 am |
| Session 5: Regulating the Environment: Standards versus Taxes versus Caps |
9:00am – 10:30am |
| Session 6: Economics of Cap-and-Trade | 10:45am – 12:15pm |
| Lunch Break | 12:15pm – 1:30pm |
| Session 7: Utility of the Future and Retail Rate Design | 1:30pm – 3:00pm |
| Session 8: Recent Developments in Electricity Markets | 3:15pm – 4:45pm |
Lecturers
Severin Borenstein is 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. He served on the Board of Governors of the California Power Exchange from 1997 to 2003. During 1999-2000, he was a member of the California Attorney General’s Gasoline Price Task Force. In 2010-11, Borenstein was a member of U.S. Secretary of Transportation Ray LaHood’s Future of Aviation Advisory Committee. In 2012-2013, 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. In September 2015, Borenstein was appointed Chair of the Petroleum Market Advisory Committee (PMAC). The PMAC was established by the California Energy Commission to provide expert advice on market trends and to recommend policy solutions for market instability.
James Bushnell is professor of economics at the University of California at Davis. He received his B.S. from the University of Wisconsin in 1989 and Ph.D. in Industrial Engineering and Operations Research from UC Berkeley in 1993. He has served on the California Independent System Operator’s Market Surveillance Committee since 2002. In addition, Dr. Bushnell 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. Since 2012, he has served on the Emissions Market Assessment Committee that advises the California Air Resources Board on the operation of California’s Cap and Trade market for greenhouse gases.
Meredith Fowlie is an associate professor and the Class of 1935 Endowed Chair in Energy in the Department 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.
Cost for two-day course
Government/Non-Profit rate
$625 (early registration on or before May 13, 2016)
$675 (registration on or after May 14, 2016)
Private-Sector rate
$1,625 (early registration on or before May 13, 2016)
$1,675 (registration on or after May 14, 2016)