Newell 090

Dr. Newell is an expert in electricity wholesale markets, market design, generation asset valuation, integrated resource planning, and transmission planning. He supports clients throughout the United States in regulatory, litigation, and business strategy matters. He frequently provides testimony and expert reports to Independent System Operators (ISOs), the Federal Energy Regulatory Commission (FERC), state regulatory commissions, and the American Arbitration Association.

Recent engagements include:

  • Wholesale market design for ISOs. For PJM, ERCOT, MISO, ISO-NE, and NYISO, evaluated their markets’ ability to meet resource adequacy objectives. Simulated market prices and reliability outcomes, and extensively interviewed stakeholders. Recommended market design improvements for strengthening reliability and economic efficiency through enhancements to energy scarcity price signals, capacity “demand curves,” and competition among resource types.
  • Generation valuation. Projected future cash flows for coal and natural gas-fired power plants to support investment decisions for a broad range of market participants. Evaluated both market-related and asset-specific investment risks.
  • Contract disputes. Provided expert testimony on behalf of a client that had acquired a demand response company and alleged they had overstated their demand response capacity and technical capabilities. Analyzed discovery materials including detailed demand response data, and calculated damages by valuing the company with and without alleged overstatements.
  • Integrated resource planning. Led the analysis of integrated resource plans for the Connecticut electric utilities and Department of Energy and Environmental Protection. Assessed the adequacy of electric supply and natural gas transportation into New England; forecasted baseline wholesale price and customer rates; and analyzed progress toward meeting renewables mandates, energy efficiency goals, and environmental regulations. Demonstrated cost effectiveness of increasing energy efficiency programs and procuring renewable energy under long-term contracts.
  • Reliability planning. For the New York Department of Public Service (DPS), helped develop contingency plans for maintaining reliability if the Indian Point nuclear plant were to retire. Evaluated generation and transmission proposals based on their net economic benefits and their viability for completion by 2016.
  • Transmission benefit-cost analysis. Submitted testimony to FERC on the public policy, congestion relief, and reliability benefits of several proposed transmission lines. Addressed a wider array of potential benefits than the simple “production cost savings” in most analyses.

Prior to joining The Brattle Group, Dr. Newell was Director of the Transmission Service at Cambridge Energy Research Associates. Before that, he was a Manager in the Utilities Practice at A.T. Kearney.

Pricing Carbon into NYISO’s Wholesale Energy Market to Support New York’s Decarbonization Goals
August 10, 2017
Prepared for the New York Independent System Operator (NYISO)

The study, prepared for the New York Independent System Operator (NYISO), finds that adding a carbon charge into the wholesale energy market could improve the state’s ability to meet its decarbonization goals cost-effectively.

How Wholesale Power Markets and State Environmental Policies Can Work Together
July 10, 2017
Published in Utility Dive
Comments of Dr. Samuel Newell to the Federal Energy Regulatory Commission Regarding State Policies and Wholesale Markets Operated by ISO New England Inc., New York Independent System Operator, Inc., and PJM Interconnection, L.L.C.
May 2, 2017
Prepared for the FERC Technical Conference

Dr. Newell's comments describe how wholesale power markets and state policies can work together to achieve decarbonization objectives and reliability objectives at a low cost.

September 1, 2016
Prepared for the Public Utilities Office of the Government of Western Australia’s Department of Finance

The report evaluates mechanisms for mitigating market power in the reformed wholesale energy market scheduled for July 2017 implementation in Western Australia’s South West Interconnect System.

The Future of Wholesale Electricity Market Design with the Growth of Low-Carbon Generation
June 8, 2016
Presented at the Energy Bar Association's (EBA) 2016 Annual Meeting & Conference
May 5, 2016
Sent to the U.S. Government Accountability Office (GAO)
Clean Power Plan in Texas: Implications for Renewables and the Electricity Market
February 9, 2016
Presented at the 2016 Renewable Energy Law Conference
Western Australia's Transition to a Competitive Capacity Auction
January 29, 2016
Kathleen Spees, Samuel A. Newell, and Colin A. McIntyre
Prepared for EnerNoc
Cost-Benefit Analysis of ERCOT’s Future Ancillary Services (FAS) Proposal
December 21, 2015
Prepared for the Electric Reliability Council of Texas (ERCOT)
Enhancing the Efficiency of Resource Adequacy Planning and Procurements in the Midcontinent ISO Footprint: Options for MISO, Utilities, and States
November 2015
Prepared for NRG
International Review of Demand Response Mechanisms
October 2015
Prepared for the Australian Energy Market Commission (AEMC)
PJM Capacity Auction Results and Market Fundamentals
September 18, 2015
Prepared for the Bloomberg Analyst Briefing
Benefit-Cost Analysis of Proposed New York AC Transmission Upgrades
September 15, 2015
Presented to NYISO and DPS Staff
EPA’s Clean Power Plan: Basics and Implications of the Proposed CO2 Emissions Standard on Existing Fossil Units Under CAA Section 111(d)
August 12, 2014
Presented at the Goldman Sachs Power, Utilities, MLP and Pipeline Conference, New York, NY
Resource Adequacy in Western Australia: Alternatives to the Reserve Capacity Mechanism
August 2014
Prepared for EnerNOC, Inc.
Policy Brief - EPA’s Proposed Clean Power Plan: Implications for States and the Electric Industry
June 2014
Published by The Brattle Group, Inc.
Cost of New Entry Estimates for Combustion Turbine and Combined Cycle Plants in PJM
May 15, 2014
Samuel A. Newell, Michael Hagerty, Kathleen Spees, Johannes P. Pfeifenberger, Quincy Liao, Christopher D. Ungate, and John Wroble
Prepared for PJM Interconnection, L.L.C.
Third Triennial Review of PJM’s Variable Resource Requirement Curve
May 15, 2014
Johannes P. Pfeifenberger, Samuel A. Newell, Kathleen Spees, Ann Murray, and Ioanna Karkatsouli
Prepared for PJM Interconnection, L.L.C.
Energy and Capacity Markets: Tradeoffs in Reliability, Costs, and Risks
February 27, 2014
Presented at the Harvard Electricity Policy Group Seventy-Fourth Plenary Session
Estimating the Economically Optimal Reserve Margin in ERCOT
January 31, 2014
Samuel A. Newell, Kathleen Spees, Johannes P. Pfeifenberger, Ioanna Karkatsouli, Nick Wintermantel, and Kevin Carden
Prepared for The Public Utility Commission of Texas
Developing a Market Vision for MISO - Supporting a Reliable and Efficient Electricity System in the Midcontinent
January 27, 2014
Prepared for the Midcontinent Independent System Operator, Inc. (MISO)
2013 Offer Review Trigger Prices Study
October 2013
Samuel A. Newell, Michael Hagerty, and Quincy X. Liao
Prepared for ISO New England
Recommendations for Enhancing ERCOT’s Long-Term Transmission Planning Process
October 2013
The Brattle Group, Inc., prepared for The Electric Reliability Council of Texas (ERCOT)
Capacity Markets — Lessons Learned from the First Decade
September 2013
Published in Economics of Energy & Environmental Policy, Vol. 2, No. 2
Get Ready for Much Spikier Energy Prices: The Under-Appreciated Market Impacts of Displacing Generation with Demand Response
February 7, 2013
Presented at the Cadwalader Energy Investor Conference
Resource Adequacy in ERCOT: the Best Market Design Depends on Reliability Objectives
December 6, 2012
Presented to the Harvard Electricity Policy Group Conference, Washington, DC
Resource Adequacy in ERCOT
October 2, 2012
Presented to the Gulf Coast Power Association Fall Conference, Austin, TX
Resource Adequacy in California: Options for Improving Efficiency and Effectiveness
October 2012
Prepared for Calpine
Texas Resource Adequacy
September 21, 2012
Presented to Power Across Texas, Austin, TX
Resource Adequacy and Demand Response in ERCOT
August 8, 2012
Presented to the Center for the Commercialization of Electric Technologies (CCET) Summer Board Meeting, Austin, TX
Summary of Brattle’s Study on ‘ERCOT Investment Incentives and Resource Adequacy’
July 18, 2012
Presented to the Texas Industrial Energy Consumers annual meeting, Austin, TX
Market-Based Approaches to Achieving Resource Adequacy
June 6, 2012
Presentation to Energy Bar Association, Northeast Chapter Annual Meeting, Philadelphia, PA
ERCOT Investment Incentives and Resource Adequacy
June 1, 2012
Prepared for the Electric Reliability Council of Texas
Fundamentals of Western Markets: Panel Discussion
February 26, 2012
Presented at WSPP’s Joint EC/OC Meeting, La Costa Resort, Carlsbad, CA
Trusting Capacity Markets: Does the lack of long-term pricing undermine the financing of new power plants?
December 2011
Published in Public Utilities Fortnightly
Second Performance Assessment of PJM's Reliability Pricing Model: Market Results 2007/08 through 2014/15
August 26, 2011
Johannes P. Pfeifenberger, Samuel A. Newell, Kathleen Spees, Attila Hajos, and Kamen Madjarov
Prepared for PJM Interconnection
Cost of New Entry Estimates For Combustion Turbine and Combined-Cycle Plants in PJM
August 24, 2011
Prepared for PJM Interconnection
Second RPM Performance Assessment and CONE Study
August 18, 2011
Prepared for PJM Interconnection
Executive Summary - An Assessment of the Public Policy, Reliability, Congestion Relief, and Economic Benefits of the Atlantic Wind Connection
December 21, 2010
Published by The Brattle Group, Inc.
Economic Evaluation of Alternative Demand Response Compensation Options
October 13, 2010
Samuel A. Newell and Kamen Madjarov
Prepared for ISO New England Inc.
Fostering Economic Demand Response in the Midwest ISO
April 2010
Published in Energy
Demand Response in the Midwest ISO: An Evaluation of Wholesale Market Design
January 29, 2010
Samuel A. Newell and Attila Hajos
Prepared for Midwest Independent System Operator (MISO)
Midwest ISO’s Resource Adequacy Construct: An Evaluation of Market Design Elements
January 19, 2010
Samuel A. Newell, Kathleen Spees, and Attila Hajos
Prepared for Midwest Independent System Operator (MISO)
2010 Integrated Resource Plan for Connecticut
January 2010
Published by The Brattle Group, Inc.
Cost-Benefit Analysis of Replacing the NYISO’s Existing ICAP Market with a Forward Capacity Market
June 15, 2009
Samuel A. Newell, Amrita Bhattacharyya, and Kamen Madjarov
Prepared for the New York Independent System Operator
Internal Market Monitoring Unit Review of the Forward Capacity Market Auction Results and Design Elements
June 5, 2009
Dave LaPlante and Hung-po Chao of New England ISO, Samuel A. Newell, Metin Celebi, and Attila Hajos
Prepared for the ISO New England Inc. Market Monitoring Unit
Fostering Economic Demand Response in the Midwest ISO
December 30, 2008
Robert L. Earle, Samuel A. Newell, Ahmad Faruqui, Attila Hajos, and Ryan Hledik
Prepared for Midwest Independent System Operator (MISO)
Reviving Integrated Resource Planning for Electric Utilities: New Challenges and Innovative Approaches
Published by The Brattle Group, Inc.
The Power of Five Percent
October 2007
Published in The Electricity Journal
Review of PJM’s Market Power Mitigation Practices in Comparison to Other Organized Electricity Markets
September 2007
Prepared for PJM Interconnection by The Brattle Group, Inc.
Quantifying Demand Response Benefits in PJM
January 29, 2007
Frank A. Felder and Samuel A. Newell
Prepared for PJM Interconnection, LLC and the Mid-Atlantic Distributed Resources Initiative (MADRI)