Publications by Year: 2012

Linde, Tamara. "Gone With the Wind: The Fate of the Right of First Refusal." Presentation to the Harvard Electricity Policy Group Sixty-Sixth Plenary Session, Santa Monica, California. March 8, 2012

Harvill, Terry. "Gone With the Wind: What Will Replace the Right of First Refusal?" Presentation to the Harvard Electricity Policy Group Sixty-Sixth Plenary Session, Santa Monica, California. March 8, 2012

Stern, Gary. "Gone With the Wind: What Will Replace the Right of First Refusal?" Presentation to the Harvard Electricity Policy Group Sixty-Sixth Plenary Session, Santa Monica, California. March 8, 2012. 

EXCERPT FROM THE INTRODUCTION:

 

In most markets, the price of a good serves to ensure equilibrium between supply and demand, while efficiently allocating goods among purchasers. If demand increases when supply does not, prices rise and purchasers respond: Those who value the good most highly continue to buy it, while those who value it less do not. Price increases also send an important signal to create additional supply. FERC has repeatedly recognized the critical importance of efficient price signals in competitive markets.

Few observers of electricity markets, however, would dispute that those markets often feature a disconnect that prevents price signals from operating effectively. Wholesale prices for electricity in competitive organized markets reflect the minute-to-minute fluctuations in demand and supply. By requiring the use of “locational marginal pricing” or “LMP” in wholesale markets, FERC has tried to ensure that wholesale market participants see—and respond to— appropriate price signals.

But the retail rates paid by consumers are often fixed in advance and do not fluctuate during peak periods. As a result, real-time price signals are not trans- mitted to electricity consumers. Even when the market price (and the cost) of generating an additional megawatt of electricity during a peak-usage period is relatively high, retail customers (who typically have unlimited access to supply at a fixed rate) do not curtail demand in response to the price signal.

Despite their sometime differences, there is both incentive and logic for consumer and environmental representatives to find agreement in such areas as revenue decoupling, prepaid service, and low- income energy services.

Market Liquidity Means, Ends & Myths
By Abram W. Klein
Prepared for Harvard Electricity Policy Group
9 March 2012 Santa Monica, CA

Hogan, William. Allocating Costs Commensurate with Multiple Transmission Benefits." Presentation to the PJM Interconnection, RPPTF Meeting, The PJM Conference and Training Center, June 8, 2012. 19 pages."

Kristov, Lorenzo. ‰ÛÏCalifornia ISO‰Ûªs Compliance with FERC Order 1000.‰Ûù Presentation to Harvard Electricity Policy Group, 68th Plenary Session, October 11, 2012. 8 pages.

Pfeifenberger, Johannes. ‰ÛÏInterregional Cost Allocation: A Flexible Framework to Support Interregional Transmission Planning.‰Ûù Presentation to Harvard Electricity Policy Group, 68th Plenary Session, October 11, 2012. 22 pages.

Henry, Michelle. ‰ÛÏPJM Transmission Owners: Regional Cost Allocation Compliance Filing for Order No. 1000.‰Ûù Presentation to Harvard Electricity Policy Group, 68th Plenary Session, October 11, 2012. 15 pages.

Pfeifenberger, Johannes, and Delphine Hou. Seams Cost Allocation: A Flexible Framework to Support Interregional Transmission Planning." The Brattle Group, April 2012."

In front of an enthusiastic capacity Forum crowd, Brazilian President Dilma Rousseff offered a vision of growing global importance and economic vitality for her country. She spoke of Brazil’s growing middle class, increasing prosperity, decreasing social inequality, and emphasized the continuing need to improve both the access and quality of education for Brazilians to increase competitiveness. She concluded this memorable Forum by reiterating that “Brazil needs Harvard as much as Harvard needs Brazil.” Harvard Kennedy School Dean David Ellwood moderated the Forum and Merilee Grindle, Director of the David Rockefeller Center for Latin American Studies, provided the President’s introduction.

Shi, Yaodong. China's Power Sector Reform: Efforts, Dilemmas, and Prospects." Presentation to the Harvard Electricity Policy Group Sixty-Sixth Plenary Session, Santa Monica, California. March 8, 2012. 17 pages."

Livengood, Erich, Steve Torrens, and Matthew Steans. Clearing Manager Financial Transmission Rights: Prudential Security Assessment Methodology Review. Consultation on proposed methodology in accordance with the Electricity Industry Participation Code of 2010." NZX Energy, 10 April 2012."

Henney, Alex. The Collapse of the Government's Electricity Generation Policies." Chapter 15, Privatising Power: How to Restructure the Electricity Supply Industry, 1987, updated May 11, 2012."

Ledgerwood, Shaun, and Dan Harris. A Comparison of Anti-manipulation Rules in U.S. and EU Electricity and Natural Gas Markets: A Proposal for a Common Standard." Energy Law Journal, Vol. 33, no. 1, 2012."

Saraiva, Joisa Campanher Dutra. Electricity Market Developments in Brazil." Presentation to the Harvard Electricity Policy Group Sixty-Sixth Plenary Session, Santa Monica, California. March 8, 2012. 18 pages."