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 economic expert in the electric utility industry. She specializes in the areas of market competition, impacts of regulatory policies on wholesale power markets, price forecasting, demand response programs, and the evaluation of power procurement. She has assisted clients in both litigation and consulting settings.
Dr. Broehm has submitted testimony in a number of market-based rate (MBR) proceedings before the Federal Energy Regulatory Commission. 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 has experience leading a 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. Dr. Broehm has also led numerous studies related to price forecasting and short- and long-term marginal costs, and advised utilities on how potential climate change legislation and demand-side management/demand response programs could have an impact on both their integrated resource planning and the economic evaluations of generation and transmission expansions.
Dr. Broehm also has experience analyzing potential market manipulation allegations. Recently, she co-authored comments submitted to the Commodities Futures Trading Commission (CFTC) that proposed a practical definition of market manipulation. She has also presented on navigating the complexities of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which focuses on how energy companies should address the economic, governance, regulatory, and transaction issues they will face as they begin implementing the requirements of the Act.
In addition, Dr. Broehm 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 programs and block rate designs. 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
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"Dodd Frank Compliance for Oil and Gas Companies (external link),"
by Julia E. Sullivan, Cary Oswald, and Romkaew P. Broehm, Oil & Gas Monitor, February 6, 2012.
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"Comments of Romkaew Broehm, Peter Fox-Penner, Oliver Grawe, and James Reitzes to the Federal Energy Regulatory Commission Regarding the Analysis of Horizontal Market Power Under the Federal Power Act, Docket No. RM11-14-000,"
by Romkaew P. Broehm, Peter S. Fox-Penner, Oliver R. Grawe, and James D. Reitzes, The Brattle Group, Inc., May 23, 2011.
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"Losing Money to Increase Profits: A Proposed Framework for Defining Market Manipulation,"
by Shaun D. Ledgerwood, Gerald A. Taylor, Romkaew P. Broehm, and Daniel S. Arthur, The Brattle Group, Inc., March 2011.
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"Comments of Dr. Daniel Arthur, Dr. Romkaew P. Broehm, and Mr. Gary Taylor to the Commodity Futures Trading Commission Regarding the Notice of Proposed Rulemaking on the Prohibition of Market Manipulation, 17 CFR Part 180,"
by Daniel S. Arthur, Romkaew P. Broehm, and Gerald A. Taylor, The Brattle Group, Inc., January 2011.
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"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.
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"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.
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"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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