Research Areas: Energy Economics
Petroleum & Natural Gas Engineering
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
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.
• Market manipulation
• Electricity capacity markets
• Economics of petroleum and natural gas development
• Chinese energy policy
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.
Kleit, A. N., E. Leelachutipong, and J.Y. Wang (2020). “Estimating the Value of a Unitization Law for Shale Gas Development,” Forthcoming, 142:4 Journal of Energy Resources Technology.
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 10(3), pp 593-633.
Kleit, A. N. (2018). Modern Energy Market Manipulation, Emerald Group Publishing.
Kleit, A. N., C. Lo Prete, S. Blumsack, and N. Guo (2018). “Weather or Not? Welfare Impacts of Natural Gas Pipeline Expansion in the Northeastern U.S.,” 9 Energy Systems 1-41.
Lei, Zhen, C.-H. Tsai, and A. N. Kleit, (2017). Deregulation and Firm Investment Incentives: Evidence from Nuclear Power Uprates, Energy Journal, 2017, 38(3), 113-139.
Cao X., A. N. Kleit, and C. Liu (2016). “Why Invest in Wind Energy? Career Incentives and Chinese Renewable Energy Politics Energy Policy,” 99 Energy Policy, 120-131.
Zhou, Q., R. Dilmore, A. N. Kleit, and J. Y. Wang, (2014 September). “Evaluating Gas Production Performances in Marcellus using Data Mining Technologies,” Journal of Natural Gas Science and Engineering, Volume 20, Pages 109-120.
Kiesling L.L., and A. N. Kleit, (2009). Electricity Restructuring: The Texas Story, American Enterprise Institute Press.
Kiesling, L. L., and A. N. Kleit, (2009). Introduction: Telling the Texas Story, (in Electricity Restructuring: The Texas Story, (Kiesling and Kleit, editors), American Enterprise Institute.