Energy Regulation and Public PolicyCarret icon
(2 cr.) Energy regulation touches core environmental, economic and social issues. The interplay of traditional utility regulation and recent restructuring initiatives that rely on markets to deliver reliable and reasonably priced power creates many political, economic and regulatory tensions. Focusing on the regulation and design of U.S. electric power systems (i.e., the generation, transmission and distribution of electricity) and related markets, with some limited exposure to natural gas developments and their impacts on electric markets, this course provides an introduction to the explicit and implicit policy tradeoffs inherent in the current and evolving system of energy regulation at the state, regional and federal levels. Topics covered include the classic cost of service regulation, competitive generation, wholesale market structures, regional transmission organizations, microgrids, behind the meter generation, net metering, submetering, renewable portfolio standards, the emerging role of demand response and efficiency as supply resources, retail competition and retail rate design. Guest speakers from industry and government provide diverse perspectives based on their experience in the regulatory and policy arena. The course introduces students to the roles, jurisdiction and tension of the Federal Energy Regulatory Commission and the Connecticut Public Utilities Regulatory Authority.
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