Announcements
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Problem set 1 solutions posted. Please come to office hours if you
have questions!!
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Problem set 2 out on Thursday.
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NO CLASS ON TUESDAY!!
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Readings for today:
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Theory: Lecture notes on Cournot/Bertrand
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Applications: Wolfram (1999) ; Kleir and Linn (2011)
California is an energy policy trail blazer!
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The California Energy Commission plays a critical role in designing,
implementing and crafting policies and programs to create a low-carbon
economy.
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The California Energy Commission’s five basic responsibilities are:
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forecasting future statewide electricity needs and keeping historical data on energy;
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licensing power plants to meet those needs;
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promoting energy efficiency and conservation;
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developing renewable energy resources and alternative energy technologies;
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planning for and directing state response to energy emergencies.
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The Energy Commission also has specific and limited regulatory authority
over the state’s 44 publicly owned utilities
I've written up the steps to applying for the entry-level Energy Analyst position at the California Energy
Commission.
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Apply for the next
Energy Analyst
exam.
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Here is the
2019 exam schedule
. The next application deadline is March 29 for the May 18 exam.
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To apply, fill out the STD 678 form (can be found linked on the schedule) and turn in physical copy
by mail or in-person.
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You will receive two notifications by mail. First, notice that your application has been approved and
second, confirmation of your exam date (with an explanation of the exam).
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Take the in-person exam.
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Wait to receive your exam results. (Can take 6-10 weeks from what I've heard.)
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Once you've passed the exam, then you can start to apply for
job openings
. Specific instructions &
requirements for each opening are available on the linked page.
I hope this will encourage more students to look into state jobs.
Thanks to Maggie D!
Outline
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Cournot in practice: UK electricity market (Wolfram 1999)
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Bertrand in theory (see notes on bCourses)
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Bertrand in practice: Automotive sector (Kleir and Linn,
2011)
Cournot duopolies and the real world
"Measuring Duopoly Power in the British Electricity Spot Market"
Catherine Wolfram,
American Economic Review
, 1999.
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Objective: evaluate the applicability of oligopoly models, and the
Cournot duopoly model in particular, to the British electricity market.
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The British were among the first to try to restructure their electricity
market.
