The Conference

Organized by the University of California Energy Institute’s Program on Workable Energy Regulation (POWER), this conference presents the work of leading researchers  on electricity industry restructuring.  Their work directly addresses a number of critical policy concerns including competition in a deregulated market, market design and financial instruments, ancillary services, and transmission rights. Discussants of the work will include both researchers and practitioners.

For Information

POWER Conference
University of California Energy Institute
2539 Channing Way #5180
Berkeley, CA 94720-5180
Phone: 510-642-9588
Fax: 510-643-5180
E-mail: ucenergy@socrates.berkeley.edu

 

California Energy Commission
California ISO
California Power Exchange
CPUC - Office of Ratepayer Advocates (with TURN)
Electricity Oversight Board
Independent Energy Producers
Pacific Gas & Electric
San Diego Gas & Electric
Southern California Edison
Utility.com

The Agenda

8:00 - 9:00 --- Registration

Continental Breakfast

Severin Borenstein, UC Berkeley, Co-Director of POWER

“Capacity Products and ISO Markets” by Harry Singh and Jonathan Jacobs, PG&E Energy Services

“Eliminating the Flaws in New England’s Reserve Markets” by Peter Cramton and Jeffrey Lien, University of Maryland

Discussants

Alvin Klevorick, Yale University
Shmuel Oren, UC Berkeley

“Price Convergence in California’s Deregulated Wholesale Electricity Markets” by Severin Borenstein, UC Berkeley, James Bushnell, U.C. Energy Institute, Christopher Knittel, Boston University, and Catherine Wolfram, Harvard University

“Manipulation of Power Markets” by Craig Pirrong, Washington University, St. Louis

Discussants

Frank Wolak, Stanford University
Ed Kahn, Analysis Group Inc.

1:45 - 5:00

“Measuring Market Power in PJM: The Experience of Summer 1999” by Joseph E. Bowring, William T. Flynn, Robert E. Gramlich, Michael P. McLaughlin, David M. Picarelli, PJM, and Steven Stoft, UCEI

“Determination of Horizontal Market Power Abuse in Wholesale Electricity Markets” by Seabron Adamson and Kevin Wellenius, Frontier Economics

Discussants

Carl Shapiro, UC Berkeley
Severin Borenstein, UC Berkeley

“Zonal Pricing and Demand-Side Bidding in the Norwegian Electricity Market” by Tor Arnt Johnsen, Statistics Norway, Shashi Kant Verma, McKinsey & Company, and Catherine Wolfram, Harvard University

“Transmission Rights and Market Power on Electric Power Networks” by Paul Joskow, MIT, and Jean Tirole, IDEI, GREMAQ and MIT

Discussants

Jim Bushnell, UCEI
William Hogan, Harvard University