能源经济学研讨会

【总第101期】

Questions on Energy Market Manipulation

本次能源经济学研讨会邀请到宾夕法尼亚州立大学能源和环境经济和MICASU系教授Andrew N. Kleit做学术演讲。

时间：12月12日，星期三，13:30-14:30

地点：中国人民大学明德主楼623会议室

报告摘要：

One crucial element of restructured electricity market regulation is the need to act against firms that engage in market manipulation. Unfortunately, manipulation law is poorly developed, in part because the Federal Energy Regulatory Commission (FERC) has its confused its different roles as a prosecutor and a court.  Thus, at present, there seems to have been little progress on questions of what constitutes manipulation, what evidence is needed to show manipulation, and how manipulation laws can be best applied.  Currently there appear to be two different types of manipulation cases.  In the first, the theory of manipulation is clear, but the evidence to support that theory is weak.  In the second, while the evidence is clear, it is uncertain whether the behavior in question constitutes “manipulation.”  I suggest that the proper method for advancing manipulation law would be to remove from FERC its judicial role, and send these cases directly to the federal judiciary for determinations of liability.

作者简介：

 Andrew N. Kleit is Professor of Energy and Environmental Economics and MICASU Faculty Fellow at The Pennsylvania State University.  He is the author of over 80 published academic articles and six books in the areas of energy, regulation, and antitrust.  His latest work is Modern Energy Market Manipulation (Emerald 2018).  He has been a staff economist at several government agencies, including the Federal Trade Commission and the Federal Energy Regulatory Commission.  Professor Kleit has a Ph.D. in economics from Yale University.

能源经济学研讨会（Energy Economics Seminar）由中国人民大学能源经济系定期推出，旨在为研究中国能源经济问题的学者提供交流的平台。

联系人：宋枫（songfeng@ruc.edu.cn）

中国人民大学 能源经济系