Education
University of Wisconsin-Milwaukee, Ph.D. in Economics; Chulalongkorn University, Bangkok, B.S. in Economics |
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Biography
Dr. Broehm is an economist with consulting and research experience in the electric utility industry. She specializes in litigation support and commercial consulting in the areas of market deregulation and oversight, market power analyses, studies of bulk power markets, demand-response programs, and evaluation of power procurement.
She has submitted testimony in a number of market-based rate (MBR) proceedings before the Federal Energy Regulatory Commission (FERC). Dr. Broehm leads the Brattle team serving as the Independent Auction Monitor to oversee Southern Company’s Energy Auction. In this role, she developed, designed, and managed the implementation of the protocols and tools used to monitor the auction and Southern Company’s compliance to its FERC tariff. She has analyzed potential competitive impacts of M&A transactions on wholesale power markets for both horizontal and vertical market power aspects in various power markets, such as ISO-NE, NYISO, PJM, SERC, FRCC, SPP, Entergy System, and WECC. She led a Brattle team in examining whether a transaction potentially created any short-term incentive to exercise vertical wholesale market power using a locational-marginal pricing simulation model. She has led numerous studies related to price forecasting and short- and long-term marginal costs. She has advised utilities on how potential climate change legislation and demand-side management\demand response programs could have an impact on their integrated resource planning and economic evaluations of generation and transmission expansions.
She provides to her clients analyses and litigation support on the prudence of particular investment decisions and power procurement decisions, as well as the valuation of “provider of last resort” supplies. Her experience in pricing and ratemaking includes designing and evaluating dynamic pricing programs such as a real-time pricing program and block rate design. She has implemented demand simulation models to analyze changes in net economic benefits due to changes in rate design.
Prior to joining The Brattle Group, Dr. Broehm taught Economics and Statistics at the University of Wisconsin-Milwaukee and Cardinal Stritch College.
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Selected Publications
- "The New Art of Plant Acquisition,"
by Romkaew P. Broehm, Public Utilities Fortnightly, June 2006.
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"Deregulated Electricity Pricing in the U.S.: Dramatic New Rules From the FERC,"
by Romkaew P. Broehm and Peter S. Fox-Penner, The Brattle Group, Inc., April 25, 2004.
- "Price-Responsive Electric Demand: A National Necessity, Not an Option,"
by Romkaew P. Broehm and Peter S. Fox-Penner, Electricity Pricing in Transition, Ahmad Faruqui and B. Kelly Eakin, eds., 2002.
- "The Regulation of Competition in Wholesale Electric Power Markets,"
by Romkaew P. Broehm, Peter S. Fox-Penner, Gerald A. Taylor, and James G. Bohn, Energy Law Journal, Fall 2002.
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"Impact of Changing Fuel and Power Market Structures on Price Behavior, EPRI Final Report,"
by Lynda S. Borucki and Romkaew P. Broehm, EPRI, 2001.
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"How Competitive Market Dynamics Affect Coal, Nuclear and Gas Generation and Fuel Use — A 10 Year Look Ahead,"
by Romkaew P. Broehm, EPRI and GRI, 1999.
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"Energy Market Impacts of Electric Industry Restructuring: Understanding Wholesale Power Transmission and Trading, Final Report,"
by Lynda S. Borucki, Romkaew P. Broehm, Frank C. Graves, S.L. Thumb, and A.M. Schaal, EPRI, March 1998.
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