Center for Energy Commerce
Michael A. Giberson, PhD
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Center for Energy Commerce Office: BA 316 michael.giberson @ ttu.edu |
SPRING 2009 CLASSES
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Dr. Michael Giberson is an instructor and research associate with the Center for Energy Commerce in the Rawls College of Business at Texas Tech University. Formerly, he was an economist with Potomac Economics, Ltd., a leading provider of independent market monitoring and economic analysis to the electric power industry. Prior to working for Potomac, Michael Giberson worked for five years as an independent energy industry analyst and served one year as a research fellow with George Mason University's Critical Infrastructure Protection Project and the Interdisciplinary Center for Economic Science. He previously worked for the Center for the Advancement of Energy Markets and Argonne National Lab.
Michael Giberson has been published in the Electricity Journal, the Journal of Regulatory Economics, and the Pacific and Asian Journal of Energy, and has written on U.S. energy policies and federal electric power issues for trade publications. He received a BA in Economics from Texas Tech University, and an MA and PhD in Economics at George Mason University.
He is a regular contributor to two economics-related blog, as co-author with Lynne Kiesling at the Knowledge Problem blog discussing economics, energy policy, technology and many other topics, and as a contributing author at Midas Oracle, the group blog on prediction markets. Michael Giberson chairs the Scientific Advisory Board for Midas Oracle, and serves on prediction market Inkling Incorporated's informal advisory board, "Friends of Inkling."
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View Michael Giberson's LinkedIn profileTeaching
SPRING 2009
- ENCO 4312: Energy Economics
- ENCO 4363: Alternative Energy Markets - Transportation and Fuel
- BA 4000: The Electric Power Industry
Fall 2008
Research
Selected Publications
- “Blackout economics,” in Andrew Kleit, ed., Electric Choices: Deregulation and the Future of Electric Power. Rowman and Littlefield, 2007. With Lynne Kiesling.
- “L’électricité: est-elle un bien public?” (“Network reliability in electric power: Is it a public good?”) Revue de l'OFCE, 2007, Vol. 101, p. 399-420. With Evens Salies and Lynne Kiesling (in French).
- “Analyzing the Blackout Report Recommendations: Alternatives for a Flexible, Dynamic Grid.” Electricity Journal, July 2004, 17(6), 51-59. With Lynne Kiesling.
- Retail Energy Deregulation Index, 2000 (March 2000, Center for the Advancement of Energy Markets). With Ken Malloy.
- “Cost of service regulation: Lessons from the US experience.” Pacific and Asian Journal of Energy, December 1995, 5(2), 165-73. With RJ Sutherland.
- “Scale, Scope, and Regulation in the Texas Gas Transmission Industry.” Journal of Regulatory Economics, 1993, 5(1), 79-90. With Jerry Ellig.
- Citizens Guide to Energy and the Environment. February 1993. (Citizens for the Environment.)
Presentations
- “Electric Network Reliability as a Public Good,” Presentation at CMU Conference: Electricity Transmission in Deregulated Markets: Challenges, Opportunities, and Necessary R&D Agenda, December 15-16, 2004; Pittsburgh, Pennsylvania. With Lynne Kiesling.
- “Uniform Pricing at Power Market Seams: Economic and Political Considerations,” Presentation at NSF Workshop on Seams, October 29, 2004; Arlington, Virginia.
Dissertation
Improving Coordination Between Regional Power Markets. (George Mason University, 2004)
ABSTRACT: Restructuring of the electric power industry – both in the United States and elsewhere – has fostered the development of regional wholesale power markets closely integrated with power grid operations. The natural focus of the system optimizations used in these markets has been on maximizing the value of in-system resources. Where cross-border flows are possible, accommodations are made, but relative to the optimization such adjustments are ad hoc. Cross-border flows are growing, however, and present an increasing challenge to transmission system operators.
Industry efforts at interregional coordination have focused on practical barriers to trade between regions; academic research has addressed some of the engineering challenges of coordinating separate regional grid optimizations. The existing research has for the most part neglected a number of issues traditionally of interest to economists. The present research uses the methods of experimental economics to examine the consequences of a market design to promote more efficient use of interconnections.