Tim Belden
Principal at Energy GPS
Energy GPS

Tim was drawn to the energy industry because it presented interesting environmental policy challenges. In the early 1990’s he worked at Lawrence Berkeley National Laboratory where he authored numerous papers analyzing state and federal electricity policies. His energy education continued at UC Berkeley where he earned a Master’s degree in Public Policy while studying Microeconomics, Statistics, Futures and Options Markets, and Analytic Methods for Energy and Resources. An early pioneer in electricity trading, he held positions at The Williams Companies, Portland General Electric, Enron, and UBS. Tim served in several capacities – trading his own profitable book, building and managing successful trading teams, designing and implementing risk management systems, and innovating in renewable and retail electricity markets. Tim also has experience as an energy developer -- as a member of a small, alternative fuels development team he wore many hats. These included transaction structuring, interfacing with private equity and investment banks, negotiating supply and off-take agreements, and other aspects of the development process. Originally from Upstate New York, Tim and his family have enjoyed sunny Portland, Oregon since 1996.

Posts by Tim Belden

- Blog

AARGH Matey! Cap'n Trade Sails On in California – Part II

Author Tim Belden

Last week (Feb 19, 2013) we explored California’s cap-and-trade program for Greenhouse Gas emissions (GHG) and saw that it has already increased electricity prices by 20% and pushed up the cost of refining a barrel of oil by $0.78/bbl.  These developments are just the tip of the iceberg.  California’s program will impact regional natural gas demand and basis.  Companies will shift the locations where crude oil is processed.  Power imports into the California market from the Pacific Northwest will soar.  Today we’ll dive even deeper into the emissions market to better understand the outlook for GHG pricing and how the cap-and-trade rules are likely to influence all sorts of energy and fuel markets.

- Blog

AARGH Matey! Cap'n Trade Sets Sail in California

Author Tim Belden

On January 1st, 2013, California’s cap-and-trade program for Greenhouse Gas emissions (GHG) went live and West Coast energy markets entered a whole new world.  Wholesale electricity prices in California increased 20% as a result and other energy markets have felt the impact.  For example, the new rules pushed up the average cost of refining oil by $0.78/bbl.  For companies subject to the regulations, the bottom line is that if you generate GHG, you pay.  But exactly who pays, how much you pay, and when you pay are all subject to a dizzying array of rules and regulations.  Today we’ll navigate the turbulent and uncharted seas of California cap-and-trade markets.