Seventh Annual Research Conference on

Electricity Industry Restructuring
March 22, 2002
Clark Kerr Campus
Joseph Wood Krutch Theatre
2601 Warring Street
University of California, Berkeley

The Conference

Organized by the University of California Energy Institute’s (UCEI) Center for the Study of Energy Markets (CSEM), this conference presents the work of leading researchers on electricity industry restructuring.  Their work directly addresses a number of critical policy concerns including generation investment, market power, auctions, forward contracting, and the impact of environmental regulations. Discussants of the work will include both researchers and practitioners.

For Information

POWER Conference
Center for the Study of Energy Markets
University of California Energy Institute
2539 Channing Way #5180
Berkeley, CA 94720-5180
Phone: 510-642-9588
Fax: 510-643-5180
E-mail: ucei@uclink.berkeley.edu

  Sponsors

The Brattle Group
California Energy Commission
California Independant System Operator
CPUC Office of Ratepayer Advocates
ISO New England
Pacific Gas & Electric
Sempra Energy
Silicon Energy
Southern California Edison
 

Agenda

8:00 - 9:00 --- Registration

 Continental Breakfast 9:00 - 9:15 --- Welcome Severin Borenstein, UC Berkeley and UC Energy Institute, Co-Director of CSEM 9:15 - 12:30 "Environmental Regulation in Oligopoly Markets: A Study of Electricity Restructuring," Erin Mansur, UC Berkeley "An Empirical Analysis of Market Efficiency in the ISO New England Electricity Market," James Bushnell, UCEI and Celeste Saravia, UC Berkeley

Discussants:

Frank Wolak, Stanford University
Paul Joskow, MIT
 

 Break ''Stability of Supply Function Equilibria: Implications for Daily vs. Hourly Bids in a Poolco Market,'' Ross Baldick , University of Texas and William Hogan, Harvard University

"Efficiency and Competition with Forward Contracts: A Laboratory Experiment Motivated by Electricity Market Design," Jordi Brandts, Institut de Analysis Economico, Paul Pezanis-Christou , Institut de Analysis Economico and Arthur Schram, Universiteit van Amsterdam

Discussants:

Ed Kahn, Analysis Group
Robert Wilson, Stanford University

  12:30 - 1:45 --- Luncheon

1:45 - 5:00

"Trend in Electricity Consumption, Peak Demand, and Generating Capacity in California and the Western Grid, 1977-2000," Jolanka Fisher and Timothy Duane, UC Berkeley.

"The 'Make or Buy' Decision in U.S. Electricity Generating Investments," Jun Ishii, UC Irvine and Jingming Yan , Cornerstone Research

Discussants:

Kenneth Cory, Calpine
Severin Borenstein, UC Berkeley and UCEI

 Break "Retail Competition and Electricity Contracts," Richard Green, University of Hull

"Market Outcomes and Generator Behaviour in the England and Wales Wholesale Electricity Market, 1995-2000," Andrew Sweeting, MIT

Discussants:

Catherine Wolfram, UCEI
Steve Puller, Texas A&M University

   5:00 - 6:00 --- Reception