Research Areas: Energy Economics
Petroleum & Natural Gas Engineering
Transportation
Education Background: • Ph.D in Economics, 1987, M.Phil., 1987, M.A. 1983 from Yale University
• B.A. cum laude in Mathematics and Political Science, 1982 from Middlebury College, Middlebury VT
About:
Kleit is a professor of energy and environmental economics and the MICASU Faculty Fellow. He began at Penn State in 1998. He is also a visiting scholar at the China University of Geosciences in Beijing. Kleit holds a B.A. in mathematics and political science (cum laude) from Middlebury College in Vermont, an M.A., an M.Phil., and a Ph.D. in economics, all from Yale University. His current research interests are focused on the areas of competition in electricity and natural gas markets. He is the author or editor of more than seventy academic articles and seven books. He has worked at several different regulatory agencies, including the President’s Council of Economic Advisors, the Federal Trade Commission, and the Federal Energy Regulatory Commission.
Research Interests:
• Market manipulation
• Electricity capacity markets
• Economics of petroleum and natural gas development
• Chinese energy policy
Teaching:
Dr. Kleit's role in the department is to research and teach the interaction of weather and economic markets. His current research is focused on weather risk management and electricity markets. His teaching interests include weather risk management and the economic implications of weather. Dr. Kleit is the Program Officer of the EMS College’s undergraduate major in Energy Business and Finance, and the minor in Global Business Strategy.
Kleit, A. N. and T. Aagard, (2021). Electricity Capacity Markets: The Search for the Missing Money, Forthcoming, Cambridge University Press.
Aagaard, T. S. and A. N. Kleit, (2020). A road paved with good intentions? FERC's illegal war on state electricity subsidies, Electricity Journal, v. 33 (5), [106766], https://doi.org/10.1016/j.tej.2020.106766.
Chen, Z., A. N. Kleit, Z. Lei, H. An, L. F. Ayala H., and J. J. C. J. Pruvot, (2020). The linear-analog method: A more efficient and effective linearization method for natural gas transportation optimization, Journal of Natural Gas Science and Engineering, v. 80, [103305]. https://doi.org/10.1016/j.jngse.2020.103305
Fang, D., D. Wang, and A. N. Kleit, (2020). How a choice between emission trading and tax schemes affects an environment-biased Environmental Protection Bureau's discretion?, Science of The Total Environment, v. 736, pp. 139141.
Kleit, A. N., E. Leelachutipong, and John Y. Wang (2020). “Estimating the Value of a Unitization Law for Shale Gas Development,” Journal of Energy Resources Technology, v. 142 (4), pp 042906.
Aagaard, T. S. and A. N. Kleit, (2019). The complexity dilemma in policy market design, Duke Environmental Law and Policy Forum, v. 30 (1), pp. 1-87.
Fang, D., C. Zhao, and A. N. Kleit, (2019). The impact of the under enforcement of RPS in China: An evolutionary approach, Energy Policy, v. 135, [111021], https://doi.org/10.1016/j.enpol.2019.111021.
Kleit, A. N., (2019). What is market manipulation? Lessons from Barclays and Powhatan, Electricity Journal, v. 32(1), pp. 1-5, https://doi.org/10.1016/j.tej.2019.01.001.
Kleit, A., C. Lo Prete, S. Blumsack, and N. Guo, (2019). Weather or not? Welfare impacts of natural gas pipeline expansion in the Northeastern U.S., Energy Systems, v. 10 (3), pp. 593-633.
Kleit, A. N. (2018). Modern Energy Market Manipulation, Emerald Group Publishing.
