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Carl Pechman - Senior Advisor for Electricity

Carl Pechman

Dr. Carl Pechman is the Senior Advisor for Electricity for the Office of Energy Policy and Systems Analysis at the Department of Energy. He is an expert on the economics of electricity with extensive experience in state and federal regulation. During his tenure as an economist at the New York Public Service Commission, he worked on a wide variety of issues, including performance-based ratemaking, generation and transmission siting, avoided cost theory and estimation, Integrated Resource Planning, cost analysis and pricing, and creation of the New York Independent System Operator.  

In 1997, Dr. Pechman founded Power Economics, Inc., a firm providing consulting and strategic advice to a broad array of clients (including major utilities, an array of customer groups from low income to industrial customers, Attorneys General, cities and national environmental groups), navigating the move to competition in the electric power industry. While at Power Economics, Dr. Pechman was involved in power market design, resource adequacy and power system design in various regions throughout the country. He acted as a special consultant to the Speaker of the California Legislature on efforts to resolve the California Energy Crisis and served as an expert witness to the California Parties on the causes and damages associated with the crisis.  Dr. Pechman led review and made public the Enron Trader tapes that demonstrated their market manipulation practices.  

Dr. Pechman left Power Economics to join the Office of Energy Policy and Innovation at the Federal Energy Regulatory Commission, where he worked on issues related to power market design, demand response, renewable resource integration and transmission planning. He is author of numerous papers on issues related to power markets, as well as the book "Regulating Power: the Economics of Electricity in the Information Age" (Kluwer Academic Publishers, 1993), which focuses on the role of models in the regulation of utilities and power markets. Dr. Pechman received his B.S., M.S. and Ph.D. degrees from Cornell University in Ithaca, New York.