Synapse provided consulting services regarding approaches to performance-based regulation of electricity distributors in Ontario. Project completed in June 1997.
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Synapse Energy Economics and Resource Insight evaluated the market power implications of the proposed merger of Allegheny Power System and Duquesne Light Company. The results were presented in the testimony of Bruce Biewald before the Maryland Public Service Commission. Project completed in 1997.
Synapse analyzed PBR for distribution companies, and identified PBR options for maintaining public interest goals in a restructured electricity industry. This project included the examination of incentive frameworks for demand-side management and distributed generation, service quality measures, and PBR in the transition to deregulated generation. Resource Insight, National Consumer Law Center, and Peter Bradford were subcontractors to Synapse on this project. Report dated November 1997.
Synapse conducted a behavioral modeling analysis of electricity market power in New York City given transmission constraints. Bruce Biewald testified on behalf of the City in ConEd’s restructuring docket. Synapse reviewed the market power analysis conducted by Dr. Hieronymus for ConEd. Testimony filed in April 1997.
Synapse examined data availability and approaches for tracking transactions for “environmental disclosure” -- providing information to electricity consumers about the sources and impacts of the generation that they purchase. Report dated March 1997.
Bruce Biewald prepared “Electric Industry Restructuring and Environmental Sustainability” for the 17th North American Conference of the United States Association for Energy Economics and the International Association for Energy Economics in Boston, Massachusetts in October 1996.
In “Flexible Pricing and PBR: Making Rate Discounts Fair for Core Customers,” published in Public Utilities Fortnightly, Tim Woolf and Julie Michals discuss the inequity among customers and customer classes caused by flexible pricing and ways to increase the potential for net benefits to all customers. Article published July 15, 1996.
Performance-based ratemaking is increasingly being considered an alternative to traditional regulation within a more competitive electricity industry. If designed well, PBR can provide better financial incentives than exist today. In “Performance-Based Ratemaking: Opportunities and Risks in a Competitive Electricity Industry,” published in The Electricity Journal, Tim Woolf and Julie Michals discuss how regulators should carefully design PBR mechanisms that incorporate long-term public policy objectives as well as short-term profit incentives. Access the article here: http://www.sciencedirect.com/science/article/pii/1040619095900187.
Bruce Biewald and Stephen Bernow prepared “Electric Utility System Reliability Analysis: Determining the Need for Generating Capacity” for the Sixth NARUC Biennial Regulatory Information Conference, September 1988.