Center for Energy Economics
October 20, 2017

Every May since 2001, CEE conducts New Era in Oil, Gas & Power Value Creation, an innovative knowledge and capacity-building program on commercial frameworks for the energy value chain. Since 2001, over 100 energy specialists from 24 countries, including Algeria, Angola, Bangladesh, Brazil, Chile, China, Colombia, Cote d'Ivoire, the Gambia, Ghana, Honduras, Indonesia, Kenya, Mexico, Namibia, Nigeria, Peru, Republic of Congo, Republic of Georgia, Trinidad & Tobago, Turkey, Turkmenistan, United States, and Venezuela, attended the program, including 2 customized sessions - one in Houston for EMRA group and another in Bangladesh. For information about New Era, visit New Era program page.

New Era program features instruction, innovative business simulations, and visits to key energy facilities. Following the two-week Houston session, the New Era alumni stay connected with the Center and each other over the internet, exchanging ideas and developments in their countries and discussing energy issues.

The New Era platform was built upon and continues to be enhanced by the energy research and teaching activities undertaken by Center staff and outreach to the Houston and international energy communities. This platform increasingly allows the Center to expand its international reach, as indicated by the two grant awards received by CEE researchers in late 2003 and completed in August 2005, and a new grant received in September 2005. More



One grant, Partnership to Strengthen Local Capacity for Economic, Financial and Social Analysis of Energy Sector Initiatives program of Association Liaison Office for University Cooperation in Development, is dedicated to help enhance energy economics curriculum and expertise at the Department of Petroleum and Mineral Resources Engineering at the Bangladesh University of Engineering and Technology (BUET/PMRE) in Dhaka. Visit ALO Grant Page

The other grant, received from the U.S. Agency for International Development (USAID), will be used to create a "Smart Development" initiative through the New Era program in an emerging African country. Through this grant, the Center will work to improve the capability of local educational and development institutions in emerging markets to address public education and participation, as well as transparency needs for effective energy sector governance. Visit USAID Grant Site

In 2004, we developed and delivered a customized, long-term training program in energy economics, regulation and policy for 17 Assistant Energy Experts from the Energy Market Regulatory Authority (EMRA) of Turkey. The program included a short foundations course on the basics of regulation, energy value chains, energy investments and revenue requirement (capital structure, cost of capital, operation expenses, rate of return), analysis of "rate base," customer based rate design, ratemaking, and defining, detecting and preventing market power; University of Houston courses and CEE specialized lectures on various issues of the energy industry development worldwide, including LNG in North America, worldwide oil and gas resources, electricity restructuring in the U.S., and overview of European and North American energy markets. The program also included visits to regulatory agencies and industrial facilities, and participation in professional organizations' meetings. Visit EMRA Program Site

Dr. Michelle Michot Foss, Chief Energy Economist and Program Manager
Center for Energy Economics, Bureau of Economic Geology, The University of Texas at Austin
Tel 713-654-5400 Fax 713-654-5405