Marginal Costing for Electric Utilities: A NERA Course
Los Angeles, California
7 April 2010- 09 April 2010
Hosted By: NERA Economic Consulting
In today's world, with growing emphasis on energy efficiency and reduction of greenhouse gases, electric utilities need to know what their marginal costs are, both for pricing purposes and for strategic planning of all sorts, including assessment of current rate structures, development of innovative demand-side options, special contracts, and marketing plans. Utility regulators need to use marginal cost information to evaluate the utility's proposals. Furthermore, the new PURPA standards added to the Energy Independence and Security Act (EISA) in 2007 requires regulators and utilities to evaluate new time-varying rates and smart grid investments. Marginal cost information is crucial for these purposes.
In response to these issues, NERA hosted the 2010 session of its Marginal Costing Course, now its 28th year, in Los Angeles on 7-9 April 2010. Designed for utility and regulatory personnel who have some familiarity with utility cost analysis and/or pricing, the course is particularly useful for managers and staff in the pricing, cost-of-service, planning, marketing, and regulatory departments.
The 2010 course provided both theoretical background on estimating marginal costs and practical tools for applying the general costing principles in a variety of energy sector structures. The instructors, NERA Senior Consultant Amparo Nieto and Special Consultant Dr. Hethie Parmesano, used numerous specific examples of actual marginal cost studies and challenged participants with numerical exercises to reinforce the lessons.
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