Derek Olmstead

Derek Olmstead is Principal Economist & Manager, Market Transition at the MSA. In his role as Principal Economist, Derek provides economic advice and analysis related to all aspects of the MSA’s efforts to promote effective competition and a culture of compliance and accountability in Alberta’s electricity and retail natural gas markets, including activities related to market design, monitoring, assessment, investigations, and enforcement. As Manager, Market Transition, Derek manages the MSA’s work related to the design and implementation of an electricity capacity market in Alberta and the changes required to the energy and ancillary services markets to ensure an efficient allocation of resources across all markets and the best possible outcomes for consumers over time. Derek joined the MSA in 2012.

Derek maintains an active research agenda in energy and environmental economics, industrial organization, and applied econometrics. This research focuses on both the competitive and regulated aspects of electricity markets (energy, ancillary services, capacity, forward, and retail markets; transmission and distribution tariff design and regulated cost allocation; treatment of storage and distributed resources; and renewable energy procurement and market integration) in Australia, Canada, Europe, and the United States. Derek holds a Ph.D. in economics and is an Adjunct Assistant Professor in the Department of Economics at the University of Calgary and an Adjunct Research Professor in the Department of Economics at Carleton University. Derek’s research related to electricity markets has been published in, among other places, the Canadian Journal of Economics, the Energy Journal, and the Electricity Journal.