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

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Summary of Experience

Emma Nicholson, Senior Project Manager, is an economist with over 15 years of experience in the electric utility industry. Her expertise lies in wholesale electricity, ancillary services, and capacity market design. She also has expertise in 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, 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. She also 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, Inc. 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 College Park

Testified Before

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

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