This course builds on the fall course Energy Law and Policy in a Carbon-Constrained World. The course exposes students to the legal, economic, and structural issues involved in both energy regulation and energy markets, focusing on electricity. The course examines the evolution, theory and techniques of the monopoly regulation. Students learn how utilities are regulated. We examine rate setting, rate design and regulatory alternatives to traditional rates such as performance-based rates. The course then examines evolving competitive, wholesale electric markets including the development of Regional Transmission Organizations and rules and practice of the Federal Energy Regulatory Commission. The course also exposes students to the latest approaches for a clean energy future including energy efficiency, demand response and renewable energy strategies while exploring current legal and policy issues.
 
Prerequisites: Energy Law and Policy or Instructor's Permission.