Energy Risk Management Summary
Dr. Jerry Jackson is an internationally recognized energy economist, industry
consultant and Texas A&M University professor with thirty years experience
in developing and applying innovative and practical solutions to difficult
energy industry problems. His current interests focus on developing energy
risk management solutions to assist organizations in reducing energy costs
and protecting against future energy price volatility. He is a leader in
applying risk management principals developed in the financial sector to
energy analysis to quantify future energy costs and risks associated with
alternative energy procurement, efficiency and other energy-related strategies.
He also applies hands-on experience developed working with utility customers,
equipment manufacturers, utilities, government agencies and research
institutions.
He developed the first workshop to help Texas energy customers gain the knowledge
and skills required to develop energy risk management strategies. "Cutting
Energy Bills Workshop: How to Develop an Energy Risk Management Strategy,"
held in March 2006 at the Texas A&M in College Station campus, received
enthusiastic reviews from attendees. The
approach developed in these workshops applies energy risk management principles
to individual facility information to assess costs, benefits and uncertainty
associated with alternative energy strategies. This information is used to
guide each organization's energy-related decisions and to continuously reassess
energy energy strategies to reduce energy cost, volatility and risk associated
with today's energy markets. Additional Texas A&M workshops are under
development for various locations in Texas for the Fall and Winter of 2006.
Experience Summary
His energy industry applications began in 1976 at Oak Ridge National Laboratory
where he developed the first commercial end-use model that integrated econometric
and engineering information for the US Department of Energy. He applied this
model to provide analysis for the Carter administration's National Energy
Plan, EPA the OMB and other government agencies. This model and the modeling
methodology he developed are still in use at many utilities and state agencies
such as the California Energy Commission and are reflected in current Department
of Energy model applications.
After one year as a consultant at Charles River Associates in Boston and
three years as Chief of the Applied Research Division at Georgia Tech University,
he established Jackson Associates and has supported more than 90 clients
including more than 20 fortune 500 companies, as well as start-up companies,
electric and gas utilities, energy service companies, state agencies, research
labs, and the US Department of Energy. A sample of his more than ninety clients
includes Toyota, Aisin, United Technologies, Carrier, Hamilton Sunstrand,
Ingersol Rand, Spark Energy, Tanger Outlets, Reliant Energy, Texas Utilities,
Airtricity, Capital One, Deloitte Consulting, and the Southern Company.
He returned to academia in 2004 and is currently a professor at Texas A&M
University where he held the first energy risk management educational workshop
for Texas utility customers in March 2004. In addition to his university
activities he continues to consult through Jackson Associates. Additional
information about his consulting activities is available at
jjacksonconsulting.com.
He has worked closely with equipment manufacturers, utilities and utility
customers to analyze and evaluate energy efficiency and operational options
to reduce energy. He has also worked with retail electric providers to assist
in the development of pricing products for new retail markets. This combination
of experience along with his academic training in econometrics and statistics
provides a natural background for the development and application of
comprehensive risk management strategies that incorporate efficiency, operational
and purchase options in programs to minimize energy costs.
He publishes in both academic and industry publications and his comments
are often featured in newspaper and magazine articles. He periodically teaches
an online course in new energy technologies for the Association of Energy
Engineers and has presented energy-related presentations, seminars and workshops
to industry groups throughout the United States as well as in Canada and
Europe.
He assisted the Department of Energy in evaluating new appliance standards
initially in 1983 and most recently in 2004 and has consulted with eight
state energy agencies. He received a patent for a software interface that
allows users to navigate and query large databases with mouse clicks on charts
(US Patent 5,894,311, Computer-Based Visual Data Evaluation) in 1999. He
has also served as a US representatives to a UN conference on energy modeling
and conservation and was the invited keynote speaker at a conference on
sustainability in New Zealand in 2003.
He has a B.S. degree in mathematics from the University of Tennessee and
a Ph.D. in economics with a specialty in econometrics from the University
of Florida.
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