The Conference
Organized by the University of California's Program on Workable Energy Regulation, this conference presents the work of leading researchers on electricity industry restructuring. Their work directly addresses a number of critical policy concerns including; market power in generation markets, organization of wholsesale electricity markets, incentives for long-term investment, the role of financial instruments, and the price responsiveness of demand. Discussants of the work will include both researchers and practitioners.
For Information
The Sponsors
The Agenda
8:00 - 9:00 --- Registration
Continental Breakfast
9:00 - 9:15 --- Welcome
Severin Borenstein, UCEI Director, POWER
9:15 - 12:30
"A Market Power Model with Strategic Interaction in Electricity Networks," William Hogan, Harvard University
"An Empirical Analysis of Market Power in a Deregulated California Electricity Market," Severin Borenstein and James Bushnell, UC Berkeley and UCEI
Discussants
Paul Joskow, MIT
Shmuel Oren, UC Berkeley
Break (10:40 - 11:00)
"The Electricity Contract Market in England and Wales," Richard Green, University of Cambridge
"Strategic Bidding in a Multi-unit Auction: Evidence from the England-Wales Electricity Spot Market," Catherine Wolfram, Harvard University
Discussants
Michael Moore, California Energy Commission
12:30 - 1:45 --- Luncheon
1:45 - 5:00
"Estimating Customer Level Demand Under Real-Time Electricity Pricing," Frank Wolak and Robert Patrick, Stanford University and Rutgers University, respectively
Discussants
David Newbery, University of Cambridge
Break (2:30 - 2:50)
"Activity Rules for a Power Exchange" Robert Wilson, Stanford University
"Incentive Effects of Power Exchange Auction Protocols," Raymond Johnson and Alva Svoboda, PG&E
"An Analysis of the California WEPEX Applications to FERC," Steven Stoft, UCEI and LBNL
Discussants
Richard O'Neil, FERC
Larry Ruff, Putnam, Hayes, & Bartlett
5:00 - 6:00 --- Reception