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Electric industry’s Block and Index pricing topic of EBC Lecture

Colin M. Witman, Ernst & Young, LLP, will discuss how Block and Index style products are becoming a staple in the electric procurement business as part of the next Engineering, Business, and Computing (EBC) Division Research Interest Group lecture on Friday, Nov. 9, 2012, at 1 p.m. in room 121 of the Gaige Technology and Business Innovation Building. This event is free and open to the public, and light refreshments will be served.

In his presentation titled "Pricing Block and Index Products in Deregulated Electricity Markets," Witman will explain how the contract is priced using a "real-life" example, based on government accounts from the PPL zone in the PJM Interconnection. Existing time-series forecasting techniques are used to quantify the price of the Block and Index contract, in addition to providing the necessary background for those not familiar with the electric industry.

The EBC Research Interest Group features Penn State Berks faculty and visiting experts who conduct research on a wide variety of topics. Topics are of broad and general interest and are accessible to the non-expert.

For more information, contact either of the co-chairs for the EBC Research Interest Group: Dr. Jui-Chi Huang, Assistant Professor of Economics, at JXH74@psu.edu; or Dr. Ada Leung, Assistant Professor of Marketing, at CXL51@psu.edu.

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