MEE503 Electricity and Natural Gas: Issues in Regulation and Economics

Instructor: TBA

The energy sector, specifically electricity and natural gas, has gone through major economic and regulatory restructuring worldwide. The restructuring has been defined in many countries as “privatization” and in others as “deregulation.” Neither of these terms fully captures the nature of the changes that have taken place as the market place has attempted to come to grips with the physics and economics of commodities that must be delivered through a network, in which the network – because of constraints – may determine the locational marginal value of the commodity. Further, little attention has been paid to date to the dramatic interaction between electricity and natural gas markets.

  Back