Rice University's Master Of Energy Economics的动态

Over the past year, with Professor Esteban Rossi-Hansberg as my advisor and the financial support of the Energy Policy Institute at the University of Chicago (EPIC), I worked on an honors thesis for my economics degree at the University of Chicago. Last week, I submitted the thesis to Professor Rossi-Hansberg and the undergraduate program directors for consideration of the distinction of honors with my degree. My thesis aims to establish a novel theoretical framework for pricing renewable energy certificates (RECs) in the context of a broader trading environment. The current academic literature that seeks to establish pricing models for RECs have assumed a siloed market in which each state predominantly obtains RECs from in-state generators. However, I believe this is an outdated assumption—recent observations in the PJM region, specifically with Maryland's REC prices, have violated the assumptions of current theories that rely on supply-side stochastic factors to recreate historical prices (I elaborate on this in the introduction to my thesis). Given the exponential increase in renewable generation in interconnection (IC) regions along with adjustments to state RPS regulations that have enabled greater REC trading among states in the same IC region, a pricing model incorporating REC trade is very much needed to account for recent empirical observations. Thus, in my thesis, I create a new microeconomic model that incorporates such interstate trade in pricing RECs and subsequently confirm its veracity & strength by confirming the model's main implications via two regression specifications using data from the PJM region. I find that my model can robustly account for recent empirical observations in the PJM region, showing that market participants and policymakers may use my model to understand and predict how shocks/shifts in the market affects price & trading dynamics. You will find the thesis attached to this post—I would very much appreciate if you would give it a read, especially if you work in energy, quantitative finance, and/or infrastructure investment. I welcome any questions, feedback, and constructive criticism!

I'm very happy to have successfully finalized another program in Energy Economics and Policy from MITx MicroMasters? Programs. ?? ???? #RenewableEnergy #NuclearEnergy #Decarbonization #EnergyPolicy #EnergyPlanning #EnergyTransition

I recommend that 177 pages document "EXPLORING ENERGY DEMAND DYNAMICS" BOOK OF ABSTRACTS 18th Conference on Energy Economics and Technology https://lnkd.in/exRcmTig

??? TXOGA’s Quarterly Energy Economics Outlook: Q4 2024 TXOGA’s Quarterly Energy Economics Review for Q4 2024 is live, along with my latest article, “Texas Anchoring Energy and Economic Stability in 2025 and Beyond,” which explores trends shaping the year ahead. Highlights ?? Solid economic growth. The economic growth outlook remains optimistic, suggesting that consecutive annual global records for oil and natural gas demand are likely in 2025 and 2026, even if growth falls short of official projections. ?? Oil supply remains strong, with the U.S.—led by Texas and the Permian Basin—leading. Additionally, several non-OPEC conventional projects appear poised to add supply in 2025 and 2026. OPEC+ policy could therefore be consequential. ?? Productivity gains. Drilling, completion, and automation innovations have continued to increase rig productivity, which has improved resource recoveries, driven efficiency, and reduced costs. ?? Geopolitical, trade and policy risks loom. A historically strong U.S. dollar coupled with proposed tariffs on BRICS nations and Mexico raise challenges and opportunities, particularly for Texas’ energy, plastics, and manufacturing sectors. Why It Matters Texas accounts for over 43% U.S. crude oil production and 29% of natural gas output. Continued output growth and innovation support the U.S. economy and global markets. However, if economic competition among major economies intensifies and global trade policies markedly shift, Texas’ cross-border supply chains and export competitiveness face uncertainties that could impact consumers and the future path of domestic industry investments. Looking Ahead Entering 2025, policy developments intended to protect domestic industries must also safeguard the long-term competitiveness of the energy and manufacturing sectors. This will require continued energy innovation, global collaboration, and cogent policy support for the industries that power our economy. For further insights, please see TXOGA’s Q4 Energy Economics Perspective and Outlook presentation: https://lnkd.in/eS5sqZqv #EnergyEconomics #Innovation #Productivity #NaturalGas #CrudeOil

Interesting facts regarding the triple E: (economy, environment, and energy)! concerning the perspective of Bangladesh.

I am excited to share that our latest work has been published in Energy Policy! The paper explores the value of decentral flexibility options under nodal market design and its implications for the energy transition. I’d love to hear your thoughts—feel free to reach out with comments or questions. Enjoy the read!

OTEC Economics Report

We are happy to announce the publication "The value of decentral flexibility in nodal market design – A case study for Europe 2030" by Florian Boehnke, Hendrik K. and Christoph Weber in the Energy Policy journal. The colleagues from the chair of Energy Economics compare nodal and zonal market prices impacting incentives for flexibility provision in the energy system.

?? Read our Review paper ???Review of Energy Management Systems in Microgrids ???https://lnkd.in/eS6sGtf7 ???? by Dr. Süleyman Emre Eyimaya et al. ???Gazi University/ Azerbaijan State University of Economics ? UNEC #microgrid #energymanagementsystem

What’s life like in a fast-paced energy trading company? Morten Andersen, our US Quant Trader and alumnus of Aalborg Universitet’s Mathematics-Economics program, recently had the pleasure of joining a panel discussion celebrating the program’s 15th anniversary. The event brought together alumni, students, faculty, and industry leaders to connect, reflect on the program's relevance, and discuss future of the Mathematics-Economics program. At InCommodities, we have several awesome colleagues from this program, and Morten's participation in this event offered a great opportunity to reflect on his journey from academia to the fast-paced world of energy trading. Morten shared that whenever he encounters a challenge in his role, he draws on methods from his studies: “Take a step back and find a new approach.” This mindset aligns perfectly with the InCommodities way - we’re here to rethink energy trading, and that often requires a fresh perspective. For those students curious about what awaits them after finishing their studies, Morten offered this advice: “Curiosity and drive have taken me far. You might think there’s a correct formula for how to do things, but there isn’t. Seize the opportunities that come your way, be open, and stay curious.” A big thank you to everyone who attended the event - for engaging questions and your interest in InCommodities and energy trading. Are you curious about a job in energy trading? Check out our job openings: https://lnkd.in/d7e7eAtF #InCommodities #RethinkingEnergyTrading #JoinUs