The Atlantic Energy Group (AEG) brings together energy professionals in academics, government, and industry for policy and modeling analysis. Prior to 2006, AEG was known as the East Coast Energy Group (ECEG).
AEG co-organizes meetings with the Trans-Atlantic Infraday Conference, held annually in the fall in Washington, DC. See meeting agendas and presentations
For more information about AEG or to be put on the mailing list, email Benjamin Hobbs.
2015 Federal Energy Regulatory Commission (FERC) Workshop and 9th Annual Trans-Atlantic Infraday (TAI)
October 30, 2015
2014 Federal Energy Regulatory Commission (FERC) Workshop and 8th Annual Trans-Atlantic INFRADAY on Energy
November 6-7, 2014
Network expansion to mitigate market power, presented by Daniel Huppman, Alexander Zerrahn
Electricity market impacts of increased demand flexibility enabled by smart grid, presented by Åsa Grytli Tveten, Iliana Ilieva, Torjus Folsland Bolkesjø
The effect of wind on wholesale electricity prices: the case of Ireland, presented by Valeria Di Cosmo and Laura Malaguzzi Valeri
Mechanism Design for Demand Aggregation, presented by Alfredo Garcia
Personality Factors for Behavior Driven Energy Efficiency, presented by Meng Shen and Qingbin Cui
Flexible Operation of Post Combusion amine-based CC with a Colicated Wind Farm, presented by Rubenka Bandyopadhyay
The Effect of Wind Power on Market Conditions, presented by Ian B. Page
The Current-Voltage (IV) Successive Linear Program of the ACOPF, presented by Anya Castillo
Wind power integration and consumer behavior: a complementarity approach electricity, presented by Ali Daraeepour, Jalal Kazempour, Antonio Conejo and Dalia Patino-Echeverri
The Value of Demand Response in Wind-integrated Electricity Market: A Stochastic Equilibrium Model, presented by S. Jalal Kazempour, Venkat Prava, Ben Hobbs
Restructuring European electricity markets - a panel data analysis, presented by Marie Hyland
Multi-objective Framework for Evaluating Resiliency Measures for Electric Power Systems, presented by Frank A. Felder, Gene X. Shan and David W. Coit
Integrated Solar Combined Cycle (ISCC) Power Plants: An alternative to integrate solar energy in current power systems, presented by Bandar Alqahtani and Dalia Patino-Echeverri
Application of Internal Combustion Free Piston Generation in the Micro Distributed Generation and Combined Heat and Power Market, presented by Mark D. Bryfogle
Did Imperialism Kill Micro-Grids? Is the Regulatory Mindset Preventing Electrification?, presented by Mark B. Lively
Role of governance in independent decision making for building electric infrastructure resilience, presented by Gene X. Shan, Frank A. Felder, and David Coit
Bilateral contract optimization in power markets, presented by Miguel F. Anjos
Risk Induced Path Dependency in Resource Acquisition, presented by Janne Kettunen, Derek W. Bunn
A Perspective on the Clean Power Plan: Rate versus Mass and the Covered Sector, presented by Sophie Pan, Dallas Burtraw, Anthony Paul, Karen Palmer
Challenges for Balancing Area Coordination Considering High Wind Penetration, presented by Robin Broder Hytowitz, Ben Hobbs, Ozge Ozdemir
A Rolling Optimization Approach for Stochastic MCPs with Endogenous Uncertainty: Application to Gas Markets, presented by Mel Devine, Steven Gabriel and Seksun Moryadee
The Influence of the Panama Canal on Global Gas Trade, presented by Seksun Moryadee, Steven Gabriel, Francois Rehulka
A simulation-based decision model for designing contract period in energy performance contracting, presented by Qianli Deng, Qingbin Cui, and Xianglin Jiang
Navy Alternative Fuel Vehicle, presented by William Komiss
Equilibrium Model of the Biofuel Market to Determine Optimal Volumes for the Renewable Fuel Standard, presented by Sauleh Siddiqui
Historical Interface Loading Analysis for Schedule and Actual flows on the Eastern Interconnection, presented by Jagjit Singh
Assessing the Impacts of Preferential Procurement on Low-Carbon Building Emission
Presenters: Xiaoyu Liu, Qingbin Cui
The Reduction of Fuel Burn in Terminal Airspace through En-Route Speed Control in the Presence of Demand Uncertainty, presented by James Jones
Joining the CCS Club! The economics of CO2 pipeline projects pipeline, presented by Olivier Massol, Stéphane Tchung-Ming, Albert Banal-Estañol
The EIA-930 survey hourly electric operating data, presented by William Booth
Seams Issues in Capacity Markets, presented by Pradyumna C. Bhagwat, Laurens J. de Vries
Determinants of the Effectiveness of Residential Electricity Demand Response Programs, presented by Lai Zao and Ben Hobbs
2011 - 2013 FERC and TAI
For agendas and presentations from the Federal Energy Regulatory Commission (FERC) Workshop and 9th Annual Trans-Atlantic Infraday (TAI) in 2011 - 2013, click here
Meeting #1-2009: March 23, 2009
Meeting theme: Modeling Risk
We look at two applications one in energy and one in the environment. Given the recent experience in the world economy and the failures resulting from financial engineering, we are having two talks about risk in general that should be valuable in bringing new notions to the modeling of risk and making decisions under uncertainty. The hubris in modeling is presuming we know more than we do. We hope these presentations will elicit discussions that will generate better approaches to representing and dealing with risk.
Generation Capacity Expansion in a Risky Environment: A Stochastic Equilibrium Analysis, Yves Smeers, Professor, Université Catholique de Louvain, Belgium, Yves.Smeers@uclouvain.be
Abstract: Former generation capacity expansion models were formulated as optimization problems. They included a reliability criterion that guaranteed security of supply. The situation is different in restructured markets where investments need to be incentivised by the margin accruing from electricity sales after accounting for fuel and possibly carbon costs. We formulate an equilibrium model of the electricity sector with both investments and operations. Electricity prices are set at the fuel and carbon cost of the most expensive operating unit when there is no curtailment, and at some regulated price cap when there is curtailment. There is a CO2 market and different policies for allocating allowances. We focus on some of the risks faced today by investors in generation capacity.
Robust Optimization: Back to the Future, Allen Soyster, NSF, email@example.com
Abstract: Robust Optimization is a relatively new field, but related to some earlier work which focused on replacing algebraic constraints with the more rudimentary notion of sets and set containment. Some perspectives and insights between these two approaches for modeling uncertainty will be presented.
Thinking about Risk, Jacqueline Meszaros, National Science Foundation, firstname.lastname@example.org
Abstract: The fields of cognitive psychology, judgment/decision making and behavioral economics have findings (and thoughts) worth sharing regarding how experts and laypeople think about risk. Of particular interest, is how decisions are made in domains that are fundamentally (epistemically) risky and unknowable. I will provide perspective on the state of understanding pertinent to organizational decisions in these domains and look forward to this opportunity to discuss the potential integration of these cognitive findings with climate modeling and analytic approaches to modeling risk.
Global climate change, Micro correlations, Tail dependence, Roger Cooke, Chauncey Starr Chair in Risk Analysis, Resources for the Future, email@example.com
Abstract: Climate change must impact the way we conceptualize and manage risks. Global changes may induce small correlations between heretofore disparate phenomena, and may limit our ability to securitize risk. Tail dependence may change the way government and private insurance partition risk. Some initial data analyses will hopefully promote reflection and speculation.
Meeting #2-2009: November 13, 2009 at the Trans-Atlantic Infrastructure Conference in Washington, DC
Meeting #1-2008: January 10, 2008 at the Federal Energy Regulatory Commission (FERC)
Meeting theme: Electricity Markets
We discussed reform or regulation and how modeling can contribute to the discussion.
Electricity Market Hybrids: Mixed Market Design, Regulation and Investment, Bill Hogan, Harvard University
Dealing with Failed Deregulation: What Would Price C. Watts Do? Mike Rothkopf, Penn State University
A Political Economy of Electricity Markets: A Brief History, Peter van Doren, Cato Institute
Structuring Electricity Markets, Lester Lave, Carnegie Mellon University,
Who Drank Karl's Kool Aid? Richard O'Neill, FERC
Meeting #2-2008: September 17, 2008 at the Federal Energy Regulatory Commission (FERC)
Meeting theme: Bridging Gaps in Modeling
We discussed bridging the yawning gulf between financial modeling and engineering-economic modeling for policy.
Stochastic Models, Auctions, Wind and Demand: Should we guess who is coming the dinner? Should we set an extra place at the table? Should they have reservations? Richard O'Neill, FERC
Generation Asset Valuation with Operational Constraints – A Trinomial Tree Approach, Andrew Liu, ICF International
Stochastic Market Equilibrium Models Using Complementarity Theory, Steven A. Gabriel, University of Maryland
Regulatory Uncertainty & Risk Aversion in a Market Equilibrium Model: Are Deterministic & Risk-Neutral Policy Models Biased? Lin Fan, Benjamin F. Hobbs and Catherine S. Norman, Johns Hopkins University
Modeling Risk Management in Oligopolistic Electricity Markets: A Benders Decomposition Approach, Mariano Ventosa, Universidad Pontifica Comillas (Spain)
Nodal Prices in the Day-Ahead Market, Fred Murphy, Temple University
Meeting #3-2008: November 14, 2008 at the Trans-Atlantic Infrastructure Conference, Resources for the Future, Washington, DC
Meeting #1-2007: May 17, 2007 at the Federal Energy Regulatory Commission
This meeting is meant to be a "sleeves rolled-up" session on what questions to ask about electricity capacity markets, and how they might be addressed by models. For instance:
- What is the purpose of payments for capacity?
- What mechanisms are most efficient in achieving capacity adequacy goals?
- What distortions in investment decisions (e.g., generation mix) might result?
- Can efficient incentives be provided for demand response/energy efficiency?
- Does the presence of market power change any of these conclusions?
- If the purpose is to incent investment, is there any reason why they need to be made to capacity that existed before the payments are initiated?
- If they are paid to preexisting capacity that was built under rate of return regulation, should the payments be made to the current owners or to the regulated LSE that sold it off (and why)?
The need for mandatory capacity markets (Opening remarks), Richard O’Neill, FERC
Capacity market developments, David Mead, FERC
The PJM Reliability Pricing Model: Summary and Dynamic Simulation to Support Design, Benjamin Hobbs, Johns Hopkins University
A Reinforcement Learning Algorithm for Agent-Based Modeling of Investment in Electricity Markets, Fernando Oliveira, University of Warwick
Investment Dynamics in Electricity Markets, Alfredo Garcia, University of Virginia. Supplementary paper: Investment Dynamics in Electricity Markets (April 2007)
Meeting #2-2007: November 2, 2007 at the Trans-Atlantic Infrastructure Conference, Riggs Alumni Center, University of Maryland at College Park.
Meeting #1-2006: January 27, 2006 at the Federal Energy Regulatory Commission
Meeting theme: Everything You Wanted to Know About Natural Gas
- The growth in nonproducing natural gas reserves over the last 18 years, which has reduced the proportion of producing natural gas reserves.
- The growth in natural gas production which occurred in old gas fields during the 1990s as a result of wellhead price decontrol, and which helped keep down prices during the 1990s.
- The latest EIA natural gas projections.
Natural Gas Market Modeling, Steve Gabriel, Jifang Zhuang, and Ruud Egging, University of Maryland at College Park
Energy Efficiency's Role in Getting America Out of its Energy Straightjacket, Neal Elliot, ACEEE and Skip Laitner, EPA Office of Atmospheric Programs
Meeting #2-2006: November 3, 2006 at the Federal Energy Regulatory Commission
Meeting theme: Emissions Allowance Allocation Systems: Economic Incentives and Modeling
The EU-ETS: Observations and thoughts about the first half of the 2005-2007 compliance period, Yves Smeers, CORE, Universite’ Catholique Louvain-la-Neuve (Belgium)
Long Run Power Sector Response to CO2 Allowance Allocation Methods, Ben Hobbs, Johns Hopkins University, Yihsu Chen, University of California-Merced, and Jong-Shi Pang and Jinye Zhao, Rennselaer Polytechnic
Compensation Rules for Climate Policy in the Electricity Sector, Dallas Burtraw and Karen Palmer, Resources for the Future
No meetings were held in 2005
Meeting #1-2004: January 26, 2004 at the Federal Energy Regulatory Commission
Transmission Rights and Market Power, Peter Cramton, University of Maryland
Some Thought-ettes on Artificial Agent Modeling and Its Uses, Prepared by Steven Kimbrough and presented by Frederic Murphy, University of Pennsylvania
Agent-Based Energy Modeling, Fernando Oliveira, University of Porto (Portugal)
Meeting #2-2004: April 16, 2004 at the Federal Energy Regulatory Commission
Session #1: Transmission Issues
Transmission: How Much Should Be Built? What are the Benefits and Costs? Kojo Ofori-Atta, ICF Consulting
Evaluating Reliability Policies and Incentives for Liberalized Electric Power Systems, Frank Felder, Rutgers University
Current Debate on Merchant Transmission Investment Incentive Regimes, Joseph Cavicchi, Lexecon
Session #2: Collusive Games in Energy
Dynamic Theories of Oligopoly, Joe Harrington, Johns Hopkins University
Vertical Structure in the Natural Gas Market, Steve Gabriel and Debby Minehart, University of Maryland
Meeting #3-2004: November 10, 2004 at the Federal Energy Regulatory Commission
Meeting theme: Representing Technological Change in Energy/Environment/Economy Models
Download the meeting summary
Economics of Technological Change in the Context of Energy and Environmental Policy Modeling, Richard Newell, Resources for the Future
Capturing Technological Progress in the National Energy Modeling System (NEMS), Robert Eynon, Energy Information Administration at the US Department of Energy. Read an overview of NEMS
Capturing Economy-Wide Policy Effects in a Model with Market Failures, Donald Hanson, Argonne National Laboratory. Download a related presentation
Characterization of the Potential for Energy Efficiency, Neal Elliott, American Council for an Energy Efficient Economy
Meeting #1-2003: September 24, 2003 at the Federal Energy Regulatory Commission
Meeting #2-2003: November 12, 2003, at the Federal Energy Regulatory Commission
Forward Markets and Oligopoly, Frederic Murphy, University of Pennsylvania
Installed Capacity Requirements and Price Caps: Oil on the Water, or Fuel on the Fire? Benjamin Hobbs, Johns Hopkins University and Steven Stoft, University of California Energy Institute and the Brattle Group.
Notes on Joint Equilibrium of Day-Ahead and Real-Time Markets, Ross Baldick, University of Texas at Austin
Do Forward Markets Enhance Competition? Experimental Evidence, Chloé Le Coq, Stockholm School of Economics and Henrik Orzen, University of Nottingham
Article discussed: B.Allaz and J.-L Vila. 1993. "Cournot Competition, Forwards Markets and Efficiency," Journal of Economic Theory, 59, 1-16 (Presenter: Frederic Murphy)