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Mount, Timothy Douglas
Cornell Faculty Member
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Positions
- Professor, Charles H. Dyson School of Applied Economics and Management (AEM), College of Agriculture and Life Sciences (CALS)
Tim Mount`s research and teaching interests include econometric modeling and policy analysis relating to the use of fuels and electricity, and to their environmental consequences (acid rain, smog, and climate change). Professor Mount is currently conducting research on the restructuring of markets for electricity and the implications for (1) price behavior in auctions for electricity, (2) the rates charged to customers, (3) investment decisions for maintaining system reliability, and (4) renewable and distributed sources of energy.
Research Areas
- applied economics
- city and regional planning
- climatology
- electrical engineering
- environmental sciences
- finance
- natural resources
- risk analysis and assessment
- Affiliations
- Research
- Publications
- Teaching
- Service
- Background
- Other
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Affiliations
other Cornell affiliations
member of
- David R. Atkinson Center for a Sustainable Future (ACSF) Faculty Fellow
Research
research overview
- Research interests include econometric modeling and policy analysis relating to the use of fuels and electricity, and to their environmental consequences (acid rain, smog, and climate change). Currently research is on the restructuring of markets for electricity and the implications for (1) price behavior in auctions for electricity, (2) the rates charged to customers, (3) investment decisions for maintaining system reliability, (4) sustainable energy systems to reduce emissions of CO2 in the transition to a low-carbon economy, 5) integrating renewable sources of energy into power grids, and 6) the role of deferrable demand and storage on reducing system costs on a power grid.
research activities
principal investigator on
- PSERC - MOUNT awarded by ARIZONA STATE UNIVERSITY 2006 - 2013
co-principal investigator on
area(s) of concentration/expertise
keywords
- deferrable demand
- distributed energy resources
- econometric modeling
- electric delivery system
- electricity markets
- energy and environmental economics
- renewable energy
- storage
- sustainable energy
submitted impact statement
- Moving the nation towards a more energy efficient and environmentally responsible lifestyle
- Long-term planning and investment for maintaining the reliability of supply in electricity markets
- Economic and engineering interactions in the deregulation of the electric utility industry
- Determining technically feasible and economically efficient ways to change the nation`s economy to lower carbon emissions and to increase environmentally sustainable development
Publications
individual publications
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academic article
- Ancillary services in systems with high penetrations of renewable energy sources, the case of ramping.. Energy Economics. 34:1959-1971. 2012
- The Hidden System Costs of Wind Generation in a Deregulated Electricity Market. The Quarterly Journal of the IAEE's Energy Economics Education Foundation. 33:161-186. 2012
- Is Teamwork the Smart Solution? . IEEE Power and Energy. 7:69-78. 2009
- Efficient and Reliable Reactive Power Supply and Consumption: Insights from an Integrated Program of Engineering and Economic Research. The Energy Journal. 21:70-81. 2008
- Nodal Probabilistic Production Cost Simulation Considering Transmission System Unavailability. IET Gener. Transm. Distrib.. 2. 2008
- Transmission Expansion Planning Using Contingency Criteria. IEEE Transactions on Power Systems. 22:2249-2261. 2007
- Predicting price spikes in electricity markets using a regime-switching model with time-varying parameters. Energy Economics. 28:62-80. 2006
- Probabilistic Reliability Criterion Determination in Transmission System Expansion Planning. IEE G,T&D. 153:719-727. 2006
- A method for classifying offer strategies observed in an electricity market. Decision Support Systems. 40:449-460. 2005
- Bidding Behavior in the Multi-unit Vickrey and Uniform Price Auctions. Applied Economic Letters. 12. 2005
- Identification of load pockets and market power in electric power systems. Decision Support Systems. 40:517-528. 2005
- Location-based scheduling and pricing for energy and reserves: a responsive reserve market proposal. Decision Support Systems. 40:563-577. 2005
- Transmission system planning-the old world meets the new. Proceedings of the Ieee. 93:2026-2035. 2005
- Industrialization, Urbanization, and Land Use in China. Journal of Chinese Economic and Business Studies. 2:207-224. 2004
- The Demand for Food Grain in China: New Insights into a Controversy. Agricultural and Resource Economics Review. 30:1-9. 2001
- A Uniform Price Auction with Locational Price Adjustments for Competitive Electricity Markets. International Journal of Electrical Power and Energy Systems. 21:103-110. 1999
- Alternative Auction Institutions for Electric Power Markets. Agricultural and Resource Economics Review. 27:1-7. 1998
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article
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chapter
- Institutional Considerations and Changing Impacts: Regulation, Finance and Reliability. Alternatives to the Indian Point Energy Center for Meeting New York Electric Power Needs. 44-58. 2006
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conference paper
- Alternate Mechanisms for Integrating Renewable Sources of Energy into Electricity Markets. Proceedings of the IEEE Power Engineering Society General Meeting. 2012
- Is Deferrable Demand an Effective Alternative to Upgrading Transmission Capacity? . Proceedings of the 31st Annual CRRI Eastern Conference. 2012
- Using Deferrable Demand to Increase Revenue Streams for Wind Generators.. Proceedings of the 25th Annual CRRI Western Conference. 2012
- Integrating Wind Power: Can Controllable Load Substitute for Transmission Upgrades?. Proceedings of the 44th Hawaii International Conference on System Sciences. 9. 2011
- The Hidden System Costs of Wind Generation in a Deregulated Electricity Market. Proceedings of the 43th Hawaii International Conference on System Sciences. 10. 2010
- A Symbiotic Role for Plug-in Hybrid Electric Vehicles in an Electric Delivery System. Proceedings of the 22nd Western Conference of the Rutgers CRRI. 2009
- Evaluating the Net Benefits of Investing in New Wind and Transmission Capacity on a Network. Proceedings of the IEEE HICCS-42. 2009
- The High Cost of Peak System Load in a Windy World. Proceedings of the 28th Eastern Conference of the Rutgers CRRI. 2009
- Counterfactual Forecasts of the Retail Prices of Electricity in Regions with Restructured Wholesale Markets . Proceedings of the Advanced Workshop in Regulation and Competition, 27th Annual Eastern Conference. 2008
- Testing the Performance of a Forward Capacity Market with Barriers to Entry. Proceedings of the 41st Annual HICSS Conference. 2008
- The Economic Implications of Adding Wind Capacity to a Bulk Power Transmission Network. Advanced Workshop in Regulation & Competition, 27th Annual Eastern Conference. 2008
- The Economic Value of Improving the Reliability of Supply on a Bulk Power Transmission Network. Advanced Workshop in Regulation & Competition, 21st Annual Western Conference. 2008
- Deregulated Markets and Retail Electricity Prices: An Analysis of Incumbent Utilities in New York State. Proceeding of the 20th Annual Western Conference of the Center for Research in Regulated Industries. 2007
- Generators’ Bidding Behavior in the NYISO Day-Ahead Wholesale Electricity Market. Proceedings of the IEEE HICSS40. 2007
- Modeling the Economic Cost of Transmission Bottlenecks. Proceedings of the IEEE 40th Annual HICSS Conference. 2007
- Testing the Effects of Power Transfers on Market Performance and the Implications for Transmission Planning. Proceedings of the IEEE PES Summer Conference. 2006
- Transmission Expansion Plans in View Point of Deterministic, Probabilistic and Security Reliability Criteria. Proceedings of the IEE HICSS39. 2006
- Testing the Effects of Holding Forward Contracts On the Behavior of Suppliers in an Electricity Auction. Proceedings of the 38th Annual HICSS Conference. 2005
- Testing the Effects of Inter-Regional Transfers of Real Energy on the Performance of Electricity Markets. Proceedings of the 24th Annual CRRI Conference. 2005
- Transmission System Planning – The Old World Meets the New. IEEE Proceedings. 2005
- Coordinated Interchange Scheduling and Opportunity Cost Payment: a Market Proposal to Seams Issues. Proceedings of the 37th Hawaii International Conference on System Sciences. 2004
- Evaluating Alternative Ways of Mitigating High Prices in Electricity Markets Using Multi-Agent Simulations. Proceedings of the 23rd Annual Eastern Conference. 2004
- Identifying the Potential for Market Power in Electric Power Systems in Real-Time. Proceedings of the 37th Hawaii International Conference on System Sciences. 2004
- Incentives for New Investment in a Deregulated Market for Electricity. Proceedings of the 17th Annual Western Conference. 2004
- On the First Price Spike in Summer. Proceedings of the 37th Annual Hawaii International Conference on System Sciences. 2004
- Markets for Reliability and Financial Options in Electricity: Theory to Support the Practice. Proceedings of the 36th HICSS Conference on System Sciences, Jan 6-9, 2003. 53-62. 2003
- Experimental Evidence about the Persistence of High Prices in a Soft-Cap Auction for Electricity. Proceedings of the 25th Annual International Conference. 2002
- Innovative Developments in Load as a Reliability Resource. Proc. IEEE Power Engineering Society Winter Meeting. 1002-1004. 2002
- Testing the Effects of Price Responsive Demand on Uniform Price and Soft-Cap Electricity Auctions. Proceedings of the 35th Hawaii International Conference on System Sciences. 688-696. 2002
- An Engineering Approach to Monitoring Market Power in Restructured Markets for Electricity. Proceedings of 24th IAEE International Conference. 2001
- Experimental Tests of Competitive Markets for Electric Power. Proceedings of the 34th Annual Hawaii International Conference on System Sciences, Jan 3-6, 2001, Maui, Hawaii. 2001
- Testing the Performance of Uniform Price and Discriminative Auctions. Rutger's Center for Research in Regulated Industries 14th Annual Western Conference: Advanced Workshop in Regulation and Competition, Competitive Change in Network Industries. 2001
- An Economic Analysis of the Self Commitment of Thermal Units. Proceedings of the 33rd Hawaii International Conference on System Sciences, Jan 4-7, 2000, Maui, Hawaii. 1245-1254. 2000
- Experimental Tests of Deregulated Markets for Electric Power: Market Power and Self-Commitment. Report to the United States Department of Energy. 2000
- Experimental Results for Single Period Auctions. Proceedings of the 31st Annual Hawaii International Conference on System Sciences, Jan. 6–9, 1998. Kona, Hawaii. 1998
- Markets for Electric Power: Experimental Results for Alternative Auction Institutions. Proceedings of the Hawaii International Conference on System Sciences. 1998
- Auction Design for Competitive Electricity Markets. Proceedings of the 30th Annual Hawaii International Conference on System Sciences, Jan. 7-10, 1997. Maui, Hawaii. 1997
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report
- Coupling Wind Generation with Controllable Load and Storage: A Time-Series Application of the SuperOPF: Final Project Report.. 12-18. 2012
- Facilitating Environmental Initiatives While Maintaining Efficient Markets and Electric System Reliability 2009
- A SuperOPF Framework 2008
- Reliability, Electric Power, and Public vs. Private Goods: A New Look at the Role of Markets 2008
- Markets for Reactive Power and Reliability: A White Paper 2006
- Modeling the effects of seasonal forecasts of temperature on the predictability of spot prices in restructured electricity markets 2002
- Automobile Safety and the Value of Statistical Life in the Family: Valuing Reduced Risk for Children, Adults and the Edlerly 2001
- Experimental Tests of Deregulated Markets for Electric Power: Market Power and Self-Commitment 2000
- Modeling the Effects of Climate Change on Grain Production in the U.S.: An Experimental Design Approach. 62. 1995
- Appendix E: Paying for Reliability in Deregulated Electricity Markets 2006
- Industrialization, Urbanization and Land Use in China 2000
- Food Demand in China: Lessons from Guangdong Province 1998
Teaching
teaching overview
- Econometric Methods Dynamic Modeling Energy Policy
teaching activities
- AEM-6940: Graduate Special Topics in Applied Economics and Management - Spring 2013
- AEM-7000: Individual Study in Applied Economics and Management - Spring 2013
- AEM-7900: Graduate-Level Thesis Research - Spring 2013
- AEM-8900: Master's Level Thesis Research - Spring 2013
- AEM-9900: Doctoral-Level Thesis Research - Spring 2013
- ECE-5990: Special Topics in Electrical and Computer Engineering - Spring 2013
- AEM-4970: Individual Study in Applied Economics and Management - Fall 2012
- AEM-7000: Individual Study in Applied Economics and Management - Fall 2012
- AEM-7900: Graduate-Level Thesis Research - Fall 2012
- AEM-8900: Master's Level Thesis Research - Fall 2012
- AEM-9900: Doctoral-Level Thesis Research - Fall 2012
- AEM-6940: Graduate Special Topics in Applied Economics and Management - Spring 2012
- AEM-7000: Individual Study in Applied Economics and Management - Spring 2012
- AEM-7900: Graduate-Level Thesis Research - Spring 2012
- AEM-8900: Master's Level Thesis Research - Spring 2012
- AEM-9900: Doctoral-Level Thesis Research - Spring 2012
- ECE-5990: Special Topics in Electrical and Computer Engineering - Spring 2012
- AEM-4970: Individual Study in Applied Economics and Management - Fall 2011
- AEM-7000: Individual Study in Applied Economics and Management - Fall 2011
- AEM-7110: Econometrics Il - Fall 2011
- AEM-7900: Graduate-Level Thesis Research - Fall 2011
- AEM-8900: Master's Level Thesis Research - Fall 2011
- AEM-9900: Doctoral-Level Thesis Research - Fall 2011
Service
outreach overview
- Power System Economics --- Collaborating with industry and government experts through PSERC
service to the profession
- PSERC Executive Committee Committee Member 2008 -
- American Economic Association
- National Research Council Panel on “Alternatives to the Indian Point Energy Center” Member 2005 - 2006
- National Academy of Sciences Committee on “Alternatives to the Indian Point Nuclear Plant" Committee Member 2004 - 2006
- American Statistical Association Committee on Energy Statistics, advisory to the US Energy Information Administration Chairperson 1995 - 1996
- American Statistical Association Committee on Energy Statistics, advisory to the US Energy Information Administration Committee Member 1990 - 1996
reviewer or editor for
Background
education and training
- Ph.D. in Agricultural Economics, University of California, Berkeley 1970
- M.A. in Statistics, University of California, Berkeley 1967
- M.S. in Agricultural Economics, Oregon State University 1965
- B.S. in Agriculture, Wye College, University of London 1963
awards and honors
- Best Research Paper in the Complex Systems Track, 2004
- William Tomek Excellence in Faculty Research Award, 2001
- Best Research Paper in the Emerging Technologies Track, 1999
- Award of Merit for Research, 1999
- Article of the Year (with D.J. Liu, H.M. Kaiser and O.D. Forker), 1990
- Simon Fellowship for Research, 1975
Other
college
- CALS
research keyword
- deferrable demand
- distributed energy resources
- econometric modeling
- electric delivery system
- electricity markets
- energy and environmental economics
- renewable energy
- storage
- sustainable energy
name prefix
- Professor