Edward N. Krapels

Edward N. Krapels, Founder and CEO of Anbaric, is a leader in the rising industry of non-utility electric transmission and distribution development. Anbaric is a platform company for the Ontario Teachers’ Pension Plan, and together they have formed a development arm, Anbaric Development Partners. Anbaric specializes in early stage development of large-scale electric transmission systems for offshore wind projects, and storage solutions for intermittent energy.

Prior to the inception of Anbaric, Mr. Krapels has been a founding partner in developing several iconic electric transmission projects, including the Neptune Regional Transmission System, the Hudson Project, and several major new projects designed to bring renewable power into urban markets. Mr. Krapels is also responsible for innovations in the promising Microgrid industry. In 2009, he co-founded Viridity Energy, a company dedicated to optimizing demand-side management programs and developing the control software for Microgrids.

As former financial advisor and risk management consultant, Mr. Krapels is widely published in energy industry journals. He was a member of Department of Energy Secretary Steven Chu’s Electricity Advisory Committee from 2010 to 2012 and has provided valuation and due diligence services to many prominent investors in the energy arena. As a risk management advisor, Mr. Krapels has assisted major utilities, end users, and government agencies. He developed a series of Guides to energy hedging strategies for Risk which have been used by many companies around the world. He remains one of the authorities on the appropriate uses of hedging tools and on the distinctions between hedging and speculating in energy markets. Mr. Krapels has been a registered Commodity Trading Advisor.

Mr. Krapels has written several books, dozens of monographs, and scores of articles ranging from the international oil and gas to U.S. electricity markets. He serves on various boards, including the Board of the Alpha Project, the Visiting Committee of the Social Sciences Division of the University of Chicago, and the President’s Advisory Board of Brigham & Women’s Hospital. He received his Ph.D. at the Johns Hopkins University, his M.A. at the University of Chicago, and his B.A., at the University of North Carolina, Chapel Hill. A native of the Netherlands, he is now a U.S. citizen and makes his home with his wife, Sarah Emerson, and their two sons in Andover, Massachusetts

Books, Major Manuscripts

2013: “Transforming Metropolitan New York Into An Energy Hub For The 21st Century: Transmission Infrastructure And Microgrids To Increase Reliability, Spur Innovation, And Stimulate Regional Growth,” Regional Plan Association/Lincoln Institute for Land Policy, Energy Research Roundtable, June 2013. (link)

2007: “Financial Energy Markets and the Bubble in Energy Prices: Does the Increase in Energy Trading by Index and Hedge Funds Affect Energy Prices?” Testimony and Prepared Statement before the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs and the Subcommittee on Energy of the Committee on Energy and Natural Resources, United States Senate, December 11, 2007, published by the U.S. Government Printing Office as Speculation in the Crude Oil Market.

2000: Electricity Trading and Hedging, (London, Risk Publications).

1999: Natural Gas Hedging: Benchmarking Price Protection Strategies, with Chris Ellsworth, (London, Risk Publications).

1998: Crude Oil Hedging: Benchmarking Price Protection Strategies, with Michael Pratt, (London, Risk Publications).

1996: Paper Oil: The State of the Markets and Uses of Their Instruments. (Washington, D.C.: ESAI).

1995: A Year on the (H)Edge (Washington, D.C.: Hobijn-French Publishing Co.).

1990: The Commanding Heights: Control over International Oil in the 1990s (Japanese language version published by the Sanseido Press in 1990).

1987: Storage in the International Oil Market (London: Economist Intelligence Unit, Special Report No. 1117), with Sarah A. Emerson.

1986: Impact of Developing Countries on the World Oil Market, Petroleum Intelligence Weekly Special Report.

1985: Fuel for the Engine of Growth: Oil Pricing in Developing Countries, Report prepared for the Agency for International Development.

1983: Crude Oil Access (editor), Report prepared for the Harvard University Energy and Security Project.

International Oil Supplies and Stockpiling (editor), Economist Intelligence Unit.

1982: Pricing Petroleum Products: Strategies of Eleven Industrial Nations, McGraw-HilI Publications Company.

1980: Oil Crisis Management: Strategic Stockpiling for International Security, The Johns Hopkins University Press. (link)

1977: Oil and Security: Problems and Prospects of Importing Countries, International Institute for Strategic Studies, Adelphi Paper # 136. (link).

1977: Controlling Oil: British Oil Policy and the British National Oil Corporation, Committee on Energy and Natural Resources, U.S. Government Printing Office.

Published Articles

“Transmission Teller,” Persons of Infrastructure, May 19, 2019 (link)

“ISO should call for offshore wind transmission discussion,” CommonWealth, January 2019 (link)

“We Need More, Not Less, Competition for Offshore Wind,” CommonWealth, October 2018 (link)

“Triple jeopardy: How ISOs, RTOs and incumbent utilities are killing interregional transmission,” Electricity Journal, April 2018 (link)

“Forget Quebec, look offshore for power”, CommonWealth, February 10, 2018 (link)

“How New York can solve its power problem,” Crains NY, January 19, 2018 (link)

“Mass. needs to think bigger on offshore wind”, CommonWealth, January 17, 2018 (link)

“Paying environmental tribute to neighboring states”, CommonWealth, October 28, 2017 (link)

“Utilities should not get to play outsized role in new transmission projects”, Boston Globe: Opinion, October 1, 2017 (link)

“21st Century Micro-Utility”, CommonWealth, July 31, 2017 (link)

“3 takeaways on the offshore wind RFP”, CommonWealth, July 24, 2017 (link)

“Paris withdrawal won’t deter wind, solar” CommonWealth, June 11, 2017 (link)

“Make America (Electrically) Great Again: An Electric Infrastructure Plan For The Trump Team,” HuffingtonPost, May 9, 2017 (link)

“Don’t Forget About Transmission,” CommonWealth, March 24, 2017 (link)

“The Trump Doctrine and Globalization,” Huffington PostFebruary 15, 2017 (link)

“Electric Infrastructure Doesn’t Need Tax Credits” Huffington Post,January 13, 2017 (link)

“Why Google’s Greenwashing Hurts Society, And How To Fix The Problem,” Huffington Post,December 13, 2016 (link)

“Climate Change Policy In The Trump Administration: A Tale Of Two Cities” Huffington Post,November 21, 2016 (link) 

“With Renewables, Intermittency is a Problem,” CommonWealth Magazine,November 15, 2016 (link)

“States are where clean energy action is”,CommonWealth MagazineOctober 5, 2016 (link)

“New York as a Clean Energy Hub,”Electricity Journal, September 2016 (link)

“Reframe your time frame,” Pensions & Investments,August 29, 2016 (link)

“New York’s ‘50 By 30’: A Model For The Rest Of America,” Huffington Post,August 19, 2016 (link)

“The Energy Gangs of New York,”Huffington Post, July 15, 2016 (link)

“Op-Ed: Onshore Wind Power Has a Place On The ‘Combo Platter’,”MASSterList, July 1, 2016 (link)

“Long-term Energy Contracts Make Sense,”CommonWealth Magazine, June 24, 2016 (link)

“A More Perfect Union,”Huffington Post, June 6 2016 (link)

“New York’s Clean Energy Commitment Is a Great Economic Strategy,” Huffington Post, May 2, 2016 (link)

“Unpacking the CalPERS decision,” Infrastructure Investor, March 28, 2016. (link)

“Calling all institutional investors: Opportunity exists to invest in cleaner energy grid,” Pensions & Investments, March 3, 2016. (link)

“The Future of Energy,” Boston Globe op-ed, October 24, 2015. (link)

“It’s time for a clean energy two-fer,” Commonwealth Magazine, May 12, 2015.

“Bringing more clean energy to New England,” Boston Globe op-ed, May 1, 2014. (link)

“Microgrid development: good for society and utilities,” IEEE Power & Energy Magazine, July-August 2013. (link)

“Smaller, Cheaper and More Resilient: The Rationale for Microgrids,” Public Utility Fortnightly, April 2013. (link)

“Busting the Transmission Trusts: Creative Destruction is Coming and it Can’t be Stopped,” Public Utility Fortnightly, February 2013. (link)

“The Terrible Trio Impeding Transmission Development: Siting, Cost Allocation, and Interconnection Animus”, The Electricity Journal, January 2010, Vol 23/1

“Deployment of Demand Response as a Real-Time Resource in Organized Markets,” (with Audrey Zibelman), The Electricity Journal, June 2008, pp. 51-56.

“Mercantilism and the Green Energy Debate” The Boston Globe (op-ed), March 3, 2008. (link)

“Regulators Will Need to Be Mindful of Which Transmission Institutions They Want,” The Electricity Journal, October 2006, Vol. 19/8.

“Barriers To Transmission Superhighways: History teaches us that the most successful American businesses emerge from the crucible of competition,” Public Utilities Fortnightly, May 2006, pp. 36-51. (link)

“The Design and Effectiveness of Electricity Capacity Market Rules in the Northeast and California,” The Electricity Journal, October 2004, Vol. 17/8.

“The Past, Present and Future of Energy Trading,” The Proceedings of the Fifty-Fourth Annual Institute on Oil and Gas Law, the Institute for Energy Law, 2004.

“The Future of Energy Trading,” The Yale Politic, December 2004

“The Angle of Repose for Electricity Restructuring: The 2003 Energy Act, FERC, and the Outlook for Transmission Investment,” The Electricity Journal, January/February 2004, Vol. 17/1 pp 16-20.

“What is a Power Plant Worth?” Public Utilities Fortnightly, January 2004, pp. 31-33.

“One Proposal to Boost Merchant AC Transmission Investment,” Electric Perspectives, July/August 2003, pp. 62 – 65

.“Back to the Future, LSE’s in the Driver’s Seat Again,” The Electricity Journal, January/February 2003, pp. 88-92.

“Risk in US Energy Markets”, Modern Risk Management: A History, (London, Risk Books, 2003), pp. 341-368.

“Stimulating New Transmission Investments,” The Electricity Journal, April 2002.

“The Northeastern RTO and Merchant Transmission,” Project Finance International, September 2001, pp. 46-48.

“Re-examining the Metallgesellschaft Affair and its Implications for Oil Traders,” Oil & Gas Journal, pp. 70- 77, March 26, 2001. (link)

“Determining Prudence in a Hypervolatile Market,” The Electricity Journal, April 2001

“The California Energy Crisis,” Public Utility Fortnightly, February 15, 2001.

“Gas Pains,” Electric Perspectives, January/February 2001.

“Managing the Transition from Regulated Electric Utility to Energy Marketing Company,” The Electricity Journal, January/February 1997, pp.72-78.

Guest Editorial: “Leadership Choices for Electrical Utilities,” The Electricity Journal, January/February 1997, pp.88-89.

“Why Energy Futures Markets Merit Support Amid Latest Controversy,” Oil and Gas Journal, February 10, 1997, p. 6. (link)

“Marketing BTUs: Gas, Electricity Lead Oil in Innovation,” Oil and Gas Journal, November 4, 1996, p. 45. (link)

“Seeing Both Sides,” Energy & Power Risk Management, July/August 1996.

“A Milestone Year: Power in the Commodity Markets,” (with Vito Stagliano), Public Utilities Fortnightly, May 15, 1996, pp. 32-36. (link)

“Hunters or Hunted?” Managed Derivatives, May 1996, pp. 14-15.

“Energy Markets Grow Up,” Energy Risk, March 1996.

“The Industry’s Use of Derivatives: Still Early Days,” Middle East Economic Survey, 7 August 1995.

“The Loneliness of the Long-Distance Hedger,” Energy Risk, July 1995.

“Imposing U.S. Rules on Reluctant Global Markets: The Case of Oil,” The Nikkei Weekly December 26, 1994.

“The Profit Motive,” Energy Risk, 1, No. 10, Nov. 1994, pp. 15-16.

“The Fall of OPEC and the Rise of the Paper Markets,” OPEC in Crisis, Oil Price Implications in the 1990s, Centre for Global Energy Studies, 1994 (proceedings of the Fourth CGES Conference).

“The Commanding Heights: International Oil in a Changing World,” International Affairs, Vol. 69, No. 1, Jan. 1993, pp. 71-89.

“US Energy Interests in the Gulf in the 1990s,” in Charles F. Doran and Stephen W. Buck, eds., The Gulf, Energy and Global Security (Boulder: Lynne Rienner Publishers, 1991).

“Oil in the 1990s: Boom or Bust?” in Federal Reserve Bank of Dallas, Defining the Decade (Kluwer Academic Publishers, 1991).

“The Fundamentals of the World Oil Market of the 1980s,” in Wilfrid Kohl (editor), After the Price Collapse: OPEC, The United States, and the World Oil Market, (Baltimore, MD: The Johns Hopkins University Press, 1991).

“Revitalizing U.S. Oil Security Policy,” The SAIS Review, Summer 1989. (link)

“Evolution and Reform: The Art of Transition in Energy Pricing,” Natural Resources Forum, (New York: United Nations, 1988). (link)

“Oil: The Search for Stability,” The World in 1987, The Economist Intelligence Unit, November 1986, p.95.

“Oil Pricing in Developing Countries,” The Energy Journal, Spring 1987.

“Assessing the Price Plunge and What Lies Ahead” (with Joe Roeber), Petroleum Intelligence Weekly, March 3, 1986.

“The Saudis Raise the Ante,” Platts Oilgram News, December 30, 1985.

“Asian Oil Futures,” Petroleum News, April 1985, pp.11-14.

“A Roadmap to World Oil Stocks in the 1980s,” Petroleum Intelligence Weekly, (Special Supplement), February 11, 1985.

“The Domestic Refining Industry,” (with Colglazier, et.al.), Oil Shock, (Cambridge, MA: Ballinger, 1984).

“Growing Influence of Oil Stocks,” Petroleum Economist, June 1983.

“The Strategic Petroleum Reserve: Missions in Conflicts Involving Oil Resources,” in Taylor, et.al., Strategic Responses to Conflicts in the 1980s (Georgetown Center for Strategic and International Studies), 1983.

“Oil Stockpile Management and the Stability of the World Oil Market in the 1980s” in E.A. Deagle, Jr., The Future of the International Oil Market (New York: Group of Thirty),

“Developing Countries: Methods of Controlling Oil Prices,” Petroleum Economist, December 1982.

“Preparing for an Oil Crisis: Elements and Obstacles in Crisis Management,” in H. Landsberg, ed. Selected Studies in Energy (Cambridge: Ballinger Publishing Co.), 1980.