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Frank A. Wolak is the Holbrook Working Professor of Commodity Price Studies in the Department of Economics at ÿÈÕ³Ô¹Ï. His fields of specialization are Energy and Environmental Economics, Regulatory Economics, and Econometric Theory. His recent work focuses on the design of market and regulatory mechanisms to support the transition to a low carbon energy sector. He also studies methods for introducing competition into infrastructure industries — telecommunications, electricity, water delivery and postal delivery services — and on assessing the impacts of these competition policies on consumer and producer welfare. From January 1, 1998 to March 31, 2011, Wolak was the Chair of the Market Surveillance Committee of the California Independent System Operator for electricity supply industry in California. He is a Research Associate of the National Bureau of Economic Research (NBER).