Eighth Annual POWER Research Conference on

Electricity Industry Restructuring


March 14, 2003
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 dynamic retail pricing, 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
2510 Channing Way, Suite 5
Berkeley, CA 94720-5180
Phone: 510-642-9590
Fax: 510-643-5180
E-mail: ucei@uclink.berkeley.edu
 Sponsors

California Energy Commission
California Independent System Operator
Pacific Gas & Electric
Sempra Energy
Mirant
Southern California Edison
 

Agenda

8:00 - 9:00 --- Registration

 Continental Breakfast 9:00 - 9:15 --- Welcome Jim Bushnell, UC Berkeley and UC Energy Institute, Co-Director of CSEM 9:15 - 12:30 "Why Did British Electricity Prices Fall After 1998?" Joanne Evans and Richard Green, University of Hull. "Auctions and Trading in Energy Markets: An Economic Analysis," David Newbery and Tanga McDaniel , University of Cambridge.

Discussants:

Ali Hortacsu, University of Chicago
Catherine Wolfram, UC Berkeley and UCEI

Break ''The California Electricity Crisis: An Experimental Investigation of the Effects of Changing the Market Rules,'' Timothy Mount, Christian Vossler, Robert Thomas, and Ray Zimmerman, Cornell University.

"On the Efficiency of Transmission Congestion Contract Markets in New York," Afzal Siddiqui, Emily Bartholomew, Chris Marnay, Lawrence Berkeley Laboratory, and Shmuel Oren, UC Berkeley .

Discussants:

Jim Bushnell, UC Berkeley and UCEI
Chris Knittel, UC Davis

12:30 - 1:45 --- Luncheon

1:45 - 5:00

"Using Environmental Emissions Permit Prices to Raise Electricity Prices: Evidence from the California Electricity Market," Jonathan Kolstad and Frank Wolak, Stanford University.

"Price Wars and Collusion in the Spanish Electricity Market," Natalia Fabra, Universidad Carlos III de Madrid, and Juan Toro, Oxford University and centrA.

Discussants:

Ed Kahn, Analysis Group
Steve Puller, Texas A&M University

 Break "Time-Varying Retail Electricity Prices: Theory and Practice," Severin Borenstein, UC Berkeley and UCEI.

"Is Real-time Pricing Green?" Stephen Holland, UCEI and Erin Mansur, Yale University.

Discussants:

Larry Ruff, Charles River Associates
Ben Hobbs, Johns Hopkins University

 5:00 - 6:00 --- Reception

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Posted February 3, 2003