Official seal of the University of California. 1868. Let there be light.

2nd Annual POWER Conference on
Energy Research and Policy

March 14, 1997

Clark Kerr Campus
Joseph Wood Krutch Theatre
2601 Warring Street
University of California, Berkeley


Organized by the University of California’s Energy Institute’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 competition in a deregulated market, market design and financial instruments, ancillary services, and demand-side managment.  Discussants of the work will include both researchers and practitioners.

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


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


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


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


Richard O’Neil, FERC

Larry Ruff, Putnam, Hayes, & Bartlett

5:00 – 6:00 — Reception