User:Stoft

I am an energy economist (with specializations in electricity markets and climate change) with a PhD in economics and a B.S. in engineering math, both from UC Berkeley. From 1987 to 1997 I was a staff scientist in the Energy Analysis & Environmental Impacts Department of the Lawrence Berkeley National Laboratory. Subsequently I worked for the Energy Institute, University of California at Berkeley, then for the Federal Energy Regulatory Commission (FERC), and I then became an independent consultant.

I served as the expert economics witness for the California PUC and Electricity Oversight Board in their case before FERC attempting to recover part of the $40 billion spent during the 2000-2001 electricity crises on electricity purchased at double the normal price. I have assisted the Market Monitoring Unit at PJM, the country's largest electricity market, since its formation in 1999. I co-designed the capacity market for ISO New England, the electricity market covering Maine through Connecticut. I am the author of one of the best selling books on electricity markets, Power System Economics, which has been translated in Chinese and Russian.

My most recent consulting job, completed in July 2014, was with the UK's Department of Energy and Climate Change. There I helped guide the design of there new electricity capacity market, and worked informally on climate policy with the David J. C. MacKay, their Chief Scientific Advisor. I have published three peer-reviewed articles on carbon pricing with Peter Cramton, and I am current working with Axel Ockenfels on experiments regarding international climate negotiations. I am also on the editorial board of the Economics of Energy and Environmental Policy journal.

My professional web site