Commonly Offered: This course is very likely to be offered in the next one to three years.
This course is designed to teach students how utility rates are set. Contrary to what the name indicates, ratemaking is first and foremost a policy exercise. Utilities are covered as examples of natural monopolies in most microeconomics courses where it is mentioned that the government regulates the price of their goods/services in exchange for granting a monopoly. This course will go into the process of how that regulation occurs. It will involve a bit of accounting, economics, policy analysis, and legal writing. No math will be above basic algebra. Special guests will provide insight into specific topics.