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Dalia Patino Echeverri, Gendell Assistant Professor of Energy Systems and Public Policy and Energy Initiative

Dr. Patino-Echeverri’s research focuses on public policy design for energy systems, with a particular emphasis on managing the risks arising from the uncertainties influencing the outcomes of government actions. Much of her current work focuses on the policies that affect capital investment decisions within the electricity industry, and the corresponding costs to society of electricity and air-emissions levels. Her models explore the effects of different government policies by representing the industry’s decisions under uncertainty on future technological advancements, fuel prices, and emissions regulations. This research incorporates various methodologies, including options valuation theory, stochastic dynamic optimization, simulation, statistical methods, and game theory. Recent projects include: 1) a study of how to provide mechanisms for investment in carbon capture and sequestration technologies; 2) research on public perceptions of different energy-environment tensions and costumer willingness to pay for solutions; 3) an investigation into the relative merits of biofuels relative to oil dependence; 4) the use of imprecise probabilities in decision making under uncertainty; and 5) the application of robust decision making for the design of energy policies under uncertainty.

Contact Info:
Office Location:  A150 LSRC
Office Phone:  (919) 613-7461
Email Address: send me a message

Teaching (Spring 2014):

  • ENVIRON 717.01, MARKETS FOR ELECTRIC POWER Synopsis
    Gross Hall 103, TuTh 08:30 AM-09:45 AM
Teaching (Fall 2014):

  • ENVIRON 716L.001, MODELING FOR ENERGY SYSTEMS Synopsis
    Gross Hall 107, TuTh 08:30 AM-09:45 AM
    (also cross-listed as ENERGY 716L.001)
  • ENVIRON 716L.01L, MODELING FOR ENERGY SYSTEMS Synopsis
    LSRC A153, F 08:30 AM-09:45 AM
    (also cross-listed as ENERGY 716L.01L)
  • ENVIRON 716L.02L, MODELING FOR ENERGY SYSTEMS Synopsis
    LSRC A153, F 10:05 AM-11:20 AM
    (also cross-listed as ENERGY 716L.02L)
Education:

PhDCarnegie Mellon University
MSUniversity of Andes (Colombia)
BSUniversity of Andes (Colombia)
Specialties:

energy
business and the environment
decision analysis
environmental policy
risk analysis
statistics
Research Interests: policy analysis for energy systems; decision making under uncertainty; risk management; and systems modeling.

Working Papers   (More Publications)

  1. M.D.Ilic, S.Blumsack, D. Patino Echeverri and M. Jonker, Industry Regulators as Decision Makers, in Engineering Electricity Services of the Future (in review) (2008), Springer, 233 Spring Street, New York, NY 10013 USA
  2. D. Patino Echeverri and B. Morel, An Options Theory Method to Value Electricity Financial Transmission Rights (2006), paper available at [asp]
  3. D. Patino Echeverri, D. and B. Morel, The Fair Value of Operational Reliability, proceedings of the 7th IAEE European Energy Markets Conference (August, 2005), Bergen, Norway [pdf]
  4. D. Patino Echeverri, Z. Wu, and M. Ilic, Clean Air and Affordable Electricity, proceedings of the Thirty-Sixth Annual North American Power Symposium (August, 2004), University of Idaho, Moscow, Idaho, U.S., CEIC 04-05 [htm]
Recent Publications   (More Publications)

  1. Daraeepour, A; Patiño-Echeverri, D., Day-ahead wind speed prediction by a Neural Network-based model, IEEE Xplore - Innovative Innovative Smart Grid Technologies - IEEE PES conference (Accepted, February, 2014)
  2. Bradbury, K.; Pratson, L.; Patiño-Echeverri, D, Economic viability of energy storage systems based on price arbitrage potential in real-time U.S. electricity markets, Applied Energy, vol. 114 (February, 2014), pp. 512-519 [010]  [abs]
  3. Patino-Echeverri, D; Burtraw, D., Palmer, K,, Flexible Mandates for Investment in New Technology, Journal of Regulatory Economics, vol. 44 (2013), pp. 121-155 [s11149-013-9220-0]  [abs]
  4. Pratson, L.; Haerer, D.; Patino-Echeverri, D., Fuel Prices, Emission Standards and Generation Costs for Coal vs. Natural Gas Power Plants, Environ Sci & Technol, vol. 47 no. 9 (2013), pp. 4926–4933 [es4001642]  [abs]
  5. Bandyopadhyay, R.; Patiño-Echeverri, D.,, Optimal Size and Joint Operation of Wind Power and a CCS Coal Plant with Amine Storage, Proceedings of the 2013 Industrial and Systems Engineering Research Conference A. Krishnamurthy and W.K.V. Chan, eds. (2013)

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