Education
Johns Hopkins University, M.A. in Applied Economics; Georgetown University, School of Foreign Service, B.S. in International Economics |
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Biography
Adam Schumacher, a senior associate of The Brattle Group, focuses on the quantitative economic analysis of issues facing the electric utility industry. Utilizing his familiarity with electric industry data sources and programming tools, Mr. Schumacher has extensive experience in engagements related to organized wholesale power markets and retail competition.
He has quantified the customer benefits expected from a new combined cycle facility in an organized wholesale market; supported a major utility company’s testimony addressing volatility in net fuel and purchased power expenses in a retail rate case filing; constructed a model to value a combined heat and power facility capable of producing electricity, steam, and chilled water, and; quantified the potential rate-related benefits to consumers from the construction of new wind power facilities under different ownership assumptions.
He is the co-author of recent studies analyzing the details of market power mitigation techniques throughout the United States and analyzing the underlying drivers of retail electric rate increases nationwide. He has also assessed forward and spot price relationships, as well as wholesale rate behavior in PJM, New York, and ISO-New England, in published book chapters.
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Selected Publications
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"Generation Cost Savings From Day 1 and Day 2 RTO Market Designs,"
by James D. Reitzes, Peter S. Fox-Penner, Adam C. Schumacher, and Daniel Gaynor, The Brattle Group, Inc., October 1, 2009.
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"A Comparison of PJM's RPM with Alternative Energy and Capacity Market Designs,"
by Johannes P. Pfeifenberger, Kathleen Spees, and Adam C. Schumacher, The Brattle Group, Inc., September 2009.
- "Buy versus Build: A Survey of State Policies,"
by Adam C. Schumacher and Gregory N. Basheda, The Electricity Journal, November 2008.
- "Restructuring Revisited: What we can learn from retail-rate increases in restructured and non-restructured states,"
by Gregory Basheda, Johannes P. Pfeifenberger, and Adam C. Schumacher, Public Utilities Fortnightly, June 2007.
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"Financial Challenges of Rising Utility Costs and Capital Investment Needs,"
by Johannes P. Pfeifenberger and Adam C. Schumacher, 2006 NASUCA Annual Meeting, Miami, FL , November 14, 2006.
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"Why Are Electricity Prices Increasing? An Industry-Wide Perspective,"
by Gregory Basheda, Marc Chupka, Peter S. Fox-Penner, Johannes P. Pfeifenberger, and Adam C. Schumacher, The Edison Foundation, June 2006.
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"Understanding Utility Cost Drivers and Challenges Ahead,"
by Johannes P. Pfeifenberger and Adam C. Schumacher, AESP Pricing Conference, Chicago, May 17, 2006.
- "Keeping Up with Retail Access? Developments in U.S. Restructuring and Resource Procurement for Regulated Retail Service,"
by Johannes P. Pfeifenberger, Adam C. Schumacher, and Joseph B. Wharton, The Electricity Journal, December 2004.
- "Forward and Spot Prices in Electricity and Gas Markets: Does 'Storability' Matter,"
by James D. Reitzes, Adam C. Schumacher, and J. Arnold Quinn, Obtaining the Best from Regulation and Competition, Michael Crew and Menachem Spiegel, eds., October 2004.
- "Regional Interactions in Electricity Prices in the Eastern United States,"
by James D. Reitzes, Adam C. Schumacher, Gregory L. Leonard and James G. Bohn, Markets, Pricing, and Deregulation of Utilities, Michael A. Crew and Joseph C. Shuh, eds., 2002.
- "Value Drivers in the Utility Industry of 2002,"
by Ellen C. Craig, Peter S. Fox-Penner, and Adam C. Schumacher, 'PUR Analysis of the Nation's Largest Investor-Owned Electric and Gas Utilities, Public Utilities Reports, 2001.
Selected Testimony
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"Before the Maine Public Utilities Commission, Docket No. 2007-317, An Assessment of Retail Rate Trends and Generation Costs in Maine, whitepaper prepared on behalf of Independent Energy Producers of Maine,"
by Adam C. Schumacher and Johannes P. Pfeifenberger, September 5, 2007.
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