Emma Nicholson


Market Analysis and Resource Planning:
Certificate of Public Convenience and Necessity, Demand forecasting, Demand response, Distributed generation, Energy contracts, Energy efficiency, Integrated resource planning, Market assessments, Net metering, Procurement and hedging advisory, Smart grid, Wholesale market design and rules

Cost allocation, Cost of service studies (marginal and embedded), Incentive regulation, Market power, Rate design, Regulatory policy, Regulatory strategy

Emma Nicholson

Senior Project Manager

  Email Me

Summary of Experience

Dr. Nicholson is an economist with over 15 years of experience in the electric utility industry. Her  expertise lies in wholesale electricity, ancillary services, capacity market design, competition, market power mitigation, and retail cost allocation and rate design. Most recently, Dr. Nicholson served as an economist at the Federal Energy Regulatory Commission (FERC), where she played a key role in the Commission’s Price Formation effort. She was also involved in the May 2017 technical conference on integrating state policies with RTO/ ISO energy and capacity markets and numerous filings related to RTO/ISO energy, ancillary services, and capacity market design issues. While at FERC, Dr. Nicholson served as a technical advisor to then-Chairman Norman Bay, and was  designated by FERC to assist PJM and its stakeholders with a proposal to revise PJM’s capacity market to integrate resources that receive out-of-market support from states.

Prior to joining FERC, Dr. Nicholson was a consultant at Exeter Associates where, among other things, she testified on retail cost allocation and rate design matters before state public utilities commissions in Indiana, Pennsylvania, and Rhode Island. Dr. Nicholson holds an M.A. and Ph.D. in Economics from Georgetown University and a B.A. in Economics and Government from the University of Maryland at College Park.


Ph.D., Economics, Georgetown University

M.A., Economics, Georgetown University

B.A., Economics and Government, University of Maryland

Testified Before

Indiana Utility Regulatory Commission, Pennsylvania Public Utility Commission, Public Utilities Commission of Rhode Island


An Empirical Analysis of Avoided Cost Rates for Solar and Wind QFs Under PURPA   PDF

Building New Transmission: Experience to Date Does Not Support Expanding Solicitations   PDF

Newsletter Sign Up