E3: Energy+Environmental Economics

Clients call on E3 when they need rigorous analysis that withstands the test of third-party review and regulatory scrutiny.

Publications    |    Energy Markets and Financial Analysis

Cutter E., B. Haley, J. Hargreaves and J. Williams (2014) "Utility scale energy storage and the need for flexible capacity metrics," Applied Energy, 124, 274-282.

Woo CK, Zarnikau J, Kadish J, Horowitz I, Wang J, Olson A. (2013) "The Impact of Wind Generation on Wholesale Electricity Prices in the Hydro-Rich Pacific Northwest," IEEE Transactions on Power Systems, 28(4), 4245-4253.

Orans, R., A. Olson, J. Moore, J. Hargreaves, R. Jones, G. Kwok, F. Kahrl, C.K. Woo (2013) "Energy Imbalance Market Benefits in the West: A Case Study of PacifiCorp and CAISO," Electricity Journal, 26:5, 26-36.

Hargreaves, J. J. and B.F. Hobbs, “Metamodeling of Input-Output Relationships for Complex Power Market Models”, Energy Systems, 2012, In Press.

Woo, C.K., I. Horowitz, B. Horii, R. Orans, and J. Zarnikau (2012) “Blowing in the Wind: Vanishing Payoffs of a Tolling Agreement for Natural-Gas-Fired Generation of Electricity in Texas,” The Energy Journal, 33:1, 207-229.

Woo, C.K., I. Horowitz, J. Moore and A. Pacheco (2011) "The Impact of Wind Generation on the Electricity spot-market Price level and Variance: the Texas Experience" Energy Policy, 39:7, 3939-3944.

Woo, C.K., J. Zarnikau, J. Moore and I. Horowitz (2011) " Wind Generation and Zonal-Market Price Divergence: Evidence from Texas," Energy Policy, 39:7, 3928-3938.

Woo, C.K., I. Horowitz, A. Olson, A. DeBenedictis, D. Miller and J. Moore (2011) "Cross-Hedging and Forward-Contract Pricing of Electricity in the Pacific Northwest," Managerial and Decision Economics, 32, 265-279.

DeBenedictis, A., D. Miller, J. Moore, A. Olson, C.K. Woo (2011) "How Big is the Risk Premium in an Electricity Forward Price? Evidence from the Pacific Northwest," Electricity Journal, 24:3, 72-76.

Woo, C.K. and J. Zarnikau (2009) "Will Electricity Market Reform Likely Reduce Retail Rates?" Electricity Journal, 22:2, 40-45.

Woo, C.K., I. Horowitz, N. Toyama, A. Olson, A. Lai, and R. Wan (2007) “Fundamental Drivers of Electricity Prices in the Pacific Northwest,” Advances in Quantitative Analysis of Finance and Accounting, 5, 299-323.

Woo, C.K., L.C.H. Chow and N. Lior, editors (2006) Special Issue on Electricity Market Reform and Deregulation, Energy, 31:6-7.

Woo, C.K., I. Horowitz, A. Olson, B. Horii and C. Baskette (2006) “Efficient Frontiers for Electricity Procurement by an LDC with Multiple Purchase Options,” OMEGA, 34:1, 70-80.

Woo, C.K., A. Olson, I. Horowitz and S. Luk (2006) “Bi-directional Causality in California’s Electricity and Natural-Gas Markets,” Energy Policy, 34:15, 2060-2070.

Woo, C.K., A. Olson and I. Horowitz (2006) “Market Efficiency, Cross Hedging and Price Forecasts: California’s Natural-Gas Markets,” Energy, 31, 1290-1304.

Woo, C.K., R. Karimov and I. Horowitz (2004) “Managing Electricity Procurement Cost and Risk by a Local Distribution Company,” Energy Policy, 32:5, 635-645.

Woo, C.K., I. Horowitz, B. Horii and R. Karimov (2004) “The Efficient Frontier for Spot and Forward Purchases: An Application to Electricity,” Journal of the Operational Research Society, 55, 1130-1136.

Orans, R., Olson, A., Opatrny, C., (2003) “Market Power Mitigation and Energy Limited Resources,” Electricity Journal, 16:2, 20-31.

Woo, C.K., I. Horowitz and K. Hoang (2001) “Cross Hedging and Value at Risk: Wholesale Electricity Forward Contracts,” Advances in Investment Analysis and Portfolio Management, 8, 283-301.

Woo, C.K. (2001) “What Went Wrong in California’s Electricity Market?” Energy, 26:8, 747-758.

Woo, C.K., I. Horowitz and K. Hoang (2001) “Cross Hedging and Forward-Contract Pricing of Electricity,” Energy Economics, 23, 1-15. (Lead article and one of the 10 most cited recent papers published in Energy Economics, see Tol, R.J.S. and J.P. Weyant (2006) “Energy Economics’ most influential papers,” Energy Economics, 28:4, 405-409)

Woo, C.K., D. Lloyd-Zannetti and I. Horowitz (1997) “Electricity Market Integration in the Pacific Northwest,” The Energy Journal, 18:3, 75-101.