Electric Power
Energy Risk Management

We are an industry leader in energy risk management and valuation. Our economic experts have in-depth knowledge of the electric power, natural gas, and petroleum industries in the U.S. and abroad. Our work includes management consulting, expert testimony in regulatory proceedings, and litigation support on issues including design and pricing of retail services; procurement policies for electric and gas utilities; and energy trading, contract valuation, and risk management disputes. Clients include electric and gas utilities worldwide as well as trade and industry associations, such as Edison Electric Institute (EEI) and the Electric Power Research Institute (EPRI).

The Brattle Group has developed for EPRI a suite of software tools for valuation and risk management know as the Energy Book System (EBS). The EBS provides participants in the energy industry with capabilities for valuation of structured and vanilla wholesale energy contracts; for portfolio risk measurement; for portfolio risk analysis, including extensive capabilities for simulation of hedging costs and policies; and for valuation and management of physical generation resources, with common but complex features such as start costs, non-linear heat rate curves, and embedded retirement options.

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Dr. Goldberg specializes in complex litigation in which careful analysis and modeling of economic, business, or financial data is critical. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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Mr. Graves specializes in regulatory and financial economics, especially for electric and gas utilities, and in litigation matters related to securities litigation and risk management. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Levine 056a
Mr. Levine specializes in energy and regulatory economics and is an expert in the economics of the natural gas, oil, and liquefied natural gas markets. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Read 050
Mr. Read is an expert in valuation, risk management, and capital budgeting in the energy industry, especially electric power and natural gas. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Villadsen 048
Dr. Villadsen specializes in finance and accounting matters with an emphasis on the energy industry. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Senior Associates
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Senior Associate
Mr. Onur Aydin is a senior associate with an engineering background and over 10 years of experience in energy economics, electricity market modeling, and transmission planning. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Hedge Timing: There’s No Magic in Dollar Cost Averaging
May 2012
Published in Public Utilities Fortnightly
Cleaning Up Spark Spreads: How Plant Owners Can Reduce Risk Through Carbon Markets
March 2011
Published by The Brattle Group, Inc.
Smart Power, Energy Price Risk Management Evolution
November 2010
Published by Electric Light and Power, vol. 88, issue 6
Hedging Effects of Wind on Retail Electric Supply Costs
December 2009
Frank C. Graves and Julia Litvinova
Published in The Electricity Journal