This grant funds the National Bureau of Economic Research (NBER) for the implementation of a predoctoral dissertation research fellowship program in energy economics. Fellowship support will provide young scholars currently enrolled in a Ph.D. program in economics the opportunity to deepen their study of issues related to the economics of energy, including energy market design, innovation and productivity in the energy sector, the economics of the fracking boom, electricity transmission and distribution, infrastructure investment, the effects of environmental and other regulation on energy supply and demand, energy efficiency, and the economics of renewable energy. Fellowships will be for a one-year period with an optional second year of funding contingent on satisfactory progress. Approximately seven fellows are expected to be supported over the grant period. Grant funds will be utilized for student stipends, defraying tuition costs, and permitting travel to professional workshops and conferences.