Energy. Environment. Economics. Three cornerstones that shape the electricity industry today. E3 has operated at the nexus of energy, environment, and economics since its inception in 1989. Our analysis has informed debate on many of the key issues facing the electricity industry today. From regulated utilities to restructured markets, from distributed resources to high voltage transmission, we understand electricity economics. Our experts will help you chart your path through this dynamic landscape.
Texas's wholesale electricity market has undergone major regulatory changes over the past two decades. E3 Senior Partner Dr. C.K. Woo and co-authors Jay Zarnikau - an adjunct professor at the LBJ School, and Ross Baldick - an electrical engineering professor at the University of Texas at Austin, recently published an article "Did the introduction of a nodal market structure impact wholesale electricity prices in the Texas (ERCOT) market?" in the Journal of Regulatory Economics (http://link.springer.com/content/pdf/10.1007%2Fs11149-013-9240-9.pdf), analyzing how the transition from "zonal" to "nodal" markets in Texas, which became functional in December 2010, has affected prices. The analysis finds that the change in Texas's electricity market structure resulted in about a 2% drop in prices controlling for other factors such as natural gas prices, total system load levels, dispatchable generation levels, the treatment of local congestion costs, and the treatment of the revenues received by the market from the auctioning of transmission rights.
E3 Partner Arne Olson was an invited speaker at the Harvard Electricity Policy Group's Seventy-Third Plenary Session on December 13, 2013 in Marana, Arizona. Mr. Olson participated in a panel with energy experts from Germany, Spain, Portugal and Belgium, providing a California perspective on the topic Reliance on Renewables: Clash Between Expectations and Reality"