Rafael Macatangay

(+44) (0)1382 386798
Lecturer in Energy Economics, MSc Programmes Lead
Categories:academic

Bio

Biography

Dr Macatangay is an energy sector specialist with professional experience in North America, Western Europe, and the Asia Pacific. Previous to CEPMLP, he was Manager, Transaction and Market Analysis at NV Energy Inc. (“NVE”), the utility holding company serving the State of Nevada in the US. At NVE he led a team of quantitative specialists structuring physical and financial instruments for electric power and natural gas, and provided oral and written expert testimony in Nevada regulatory proceedings. Previous to NVE, he was a Vice President at Economists Incorporated (“EI”), a specialist consulting firm with offices in California and Washington DC. At EI he provided oral and written expert testimony in Federal court proceedings, and delivered both expert reports and technical workshops in Hawaii regulatory proceedings.

Earlier in his career, he worked on nodal price simulation and asset valuation at California software firm LCG Consulting, the creator of the UPLAN optimisation model for electric power markets, and held senior positions at the Center for Research and Communication (“CRC”), a think-tank now known as University of Asia and the Pacific in Manila, the Philippines. At LCG he delivered analytical work products to the Electric Power Research Institute, the Balancing Pool of Alberta in Canada, San Diego Gas & Electric, Alliant Energy Resources Inc., Taiwan Power, BC Hydro in Canada, US law firm Hennigan, Bennet & Doreman, and EPCOR in Canada. At CRC he prepared energy sector reports for the World Bank, the Japan External Trade Organization, international energy companies, and Philippine government agencies.

Dr Macatangay has a PhD from the University of Manchester, UK and was a Visiting Research Associate at the University of California Energy Institute in Berkeley for his post-doctoral work. He is a US citizen and has indefinite leave to remain status in the UK.

Research

Dr Macatangay is a specialist in electric power, natural gas, and related energy commodity markets. His interdisciplinary research is on the cognate areas of risk management, competition and regulation, and natural resource policy. He is keen on numerical methods implemented in specialist software, and on qualitative approaches auditing the alignment between theory and decision-making. His work has received funding from the UK Economic and Social Research Council, the UK Department for International Development, the Energy Technology Partnership in Scotland, and the African Center for Economic Transformation in Accra. He has conducted research in collaboration with academics from the UK, China, and Africa.

Dr Macatangay is a member of the International Association for Energy Economics (“IAEE”). He has had academic visits with the MIT Energy Laboratory, the Harvard University Kennedy School of Government, the Stanford University Economics Department, Resources for the Future, the World Bank, the IMF, and the Environmental Defense Fund in New York. He has provided advisory for governments, development agencies, energy companies, investment houses, and professional services firms. He recently engaged in knowledge exchange on US natural gas markets for nearly two person-months at the Oxford office of a London investment firm (with about $30B under management and hundreds of employees in offices worldwide).

Dr Macatangay has supervised PhD students working on the optimisation of electricity market structures in Indonesia, supply risk and strategic behaviour in global natural gas markets, the economic benefits of electricity market integration in East Africa, capacity markets in the UK, and social accounting and conflict resolution in the mining industry. He has also supervised MSc students working on a wide range of topics, including the energy transition, energy security, hedging instruments for energy commodities, liquidity and price discovery in energy markets, economic signals for investments in electricity generation or transmission, the optimisation of natural gas pipeline capacity, competition in electricity markets, privatisation and liberalisation of energy markets, regulatory capture, road pricing, and local content requirement policies for extractive industries.

Dr Macatangay would be delighted to provide supervision for PhD students whose interests are related to his research activities.

Teaching

Putting an emphasis on energy law and economics, Dr Macatangay teaches three contextualised postgraduate modules featuring hands-on statistical, optimisation, and simulation modelling.

CP52071 Economics of Electric Power covers scheduling, balancing, despatching renewable energy, transmission congestion and nodal pricing, fuel markets (especially natural gas), risk management (in particular, hedge design), economic regulation (with emphasis on integrated resource planning), and optimal expansion decisions.

CP51003 Analytical Tools for Energy Economics covers accounting and intensity indicators, price statistics, market model parameter calibration, optimal procurement, nodal price modelling, power plant-gas pipeline linkages, levelised cost analysis, and computable general equilibrium modelling.

CP52002 Contemporary Issues in Energy Economics covers energy transitions, strategic behaviour in energy markets, price formation processes (especially for oil, natural gas, and electric power), competition and regulation (including electricity market design), environmental issues (in particular, emissions trading), energy security, renewables, and investments and access.

Publications

The role of valuation and bargaining in optimising transboundary watercourse treaty regimes
6/2018, International Environmental Agreements: Politics, Law and Economics
Research Output: Contribution To Journal > Article

Optimising Indonesia’s Electricity Market Structure : Evidence of Sumatra and Java-Bali Power System
4/2018
Research Output: Contribution To Book Anthology > Conference contribution

Optimal local content requirement policies for extractive industries
12/2016, Resources Policy
Research Output: Contribution To Journal > Article

Static Market Power
/2015
Research Output: Contribution To Book Anthology > Entry for encyclopedia/dictionary

The economic effects of the filed rate doctrine on wholesale electricity markets
/2005, The Energy Antitrust News
Research Output: Contribution To Journal > Article

Competition in California electricity markets
/2004, American Bar Association Private Antitrust Litigation News
Research Output: Contribution To Journal > Article

An analysis of generation market power in the midwest interconnect
/2002, Electricity Journal
Research Output: Contribution To Journal > Article

Tacit collusion in the frequently repeated multi-unit uniform price auction for wholesale electricity in England and Wales
/2002, European Journal of Law and Economics
Research Output: Contribution To Journal > Article

The British experience of privitization and regulation of the electricity industry, and some lessons for the Philippines
/2002, Journal of the Asia Pacific Economy
Research Output: Contribution To Journal > Article

Market definition and dominant position abuse under the new electricity trading arrangements in England and Wales
4/2001, Energy Policy
Research Output: Contribution To Journal > Article

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Activities

35th USAEE/IAEE North American Conference

Rafael Macatangay (Participant)
12 Nov 201715 Nov 2017

Activity: Participating in or organising an event typesParticipation in conference

Activity Type: Attendance

CEPMLP Staff Seminar

Rafael Macatangay (Participant)
8 Nov 2017

Activity: Participating in or organising an event typesParticipation in workshop, seminar, course

Activity Type: Attendance

"Competition and Regulation in the Energy Sector"

Rafael Macatangay (Speaker)
28 Sep 2017

Activity: Talk or presentation typesInvited talk

Activity Type: Talk

Analysis of Supply and Demand Data on Energy Commodities

Rafael Macatangay (Consultant)
24 Jul 20179 Sep 2017

Activity: Consultancy typesConsultancy

Activity Type: Consultancy

Scottish Institute for Research in Economics, Energy Economics Workshop

Rafael Emmanuel Macatangay (Speaker)
4 Jun 2014

Activity: Participating in or organising an event typesParticipation in workshop, seminar, course

Activity Type: Attendance

GSNRLPM Staff Research Seminar Series

Rafael Emmanuel Macatangay (Speaker)
26 Mar 2014

Activity: Participating in or organising an event typesParticipation in workshop, seminar, course

Activity Type: Attendance

Scottish Government (External organisation)

Rafael Emmanuel Macatangay (Participant)
7 Mar 2014

Activity: Membership typesOther membership

Activity Type: Membership

Imperial College Press (Publisher)

Rafael Emmanuel Macatangay (Peer reviewer)
2014

Activity: Publication peer-review and editorial work typesEditorial activity

Activity Type: Editorial Work

Scottish Government (External organisation)

Rafael Emmanuel Macatangay (Member)
2014 → …

Activity: Membership typesMembership of group

Activity Type: Membership

University of Aberdeen (External organisation)

Rafael Emmanuel Macatangay (Member)
2014 → …

Activity: Membership typesMembership of team

Activity Type: Membership

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