2005 POWER Conference
on Energy Research and Policy
March 18, 2005

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


Organized by the University of California Energy Institute’s (UCEI) Center for the Study of Energy Markets (CSEM), the conference presents the work of leading researchers on some of the most challenging issues facing the electricity industry. This year, the papers directly address issues of climate change, cap-and-trade mechanism, tariff restructuring, energy efficiency, and electricity market design. Discussants of the work will include both researchers and practitioners.


Morning Sessions

8:00am-9:00am: Registration and Continental Breakfast

9:00am-9:15am: Welcome

9:15am-10:45am: Session 1
“The Impact of Power Plant Divestitures on Operating Performance,” James B. Bushnell (UC Berkeley) and Catherine Wolfram (UC Berkeley)

“Geographic Integration, Transmission Constraints, and Electricity Restructuring,” Andrew N. Kleit (Pennsylvania State University) and James D. Reitzes (The Brattle Group)

Anne Cleary
(Mirant Corporation)
Erin Mansur (Yale University)


11:10am-12:40pm: Session 2
“Quantifying the Supply-Side Benefits from Forward Contracting in Wholesale Electricity Markets,” Frank Wolak (Stanford University)

Jun Ishii
(UC Irvine)

12:40pm-2:10pm: Lunch

2:10pm-2:15pm: Welcome Back

2:15pm-3:00pm: Session 3

“Real Options Valuation of US Federal Energy Efficiency and Renewable Energy Research, Development, Demonstration, and Deployment,” Afzal S. Siddiqui (University College Dublin) and Chris Marnay (Lawrence Berkeley National Laboratory) and Ryan H. Wiser (Lawrence Berkeley National Laboratory)

“Effective Load Carrying Capability of Wind Generation: Initial Results with Public Data,” Ed Kahn (Analysis Group)

“Valuing the Time-Varying Electricity Production of Solar Photovoltaic Cells,” Severin Borenstein (UC Berkeley)

Alex Farrell
(UC Berkeley)
Michael Haas (Orion Energy)


3:25pm-4:55pm: Session 4

“A Capacity Market that Makes Sense,” Peter Cramton (University of Maryland) and Steven Stoft

“A Review of the Monitoring of Market Power,” Paul Twomey (University of Cambridge) and Richard Green (University of Hull Business School) and Karsten Neuhoff (University of Cambridge) and David Newbery (University of Cambridge)

James B. Bushnell
(UC Berkeley)
Robert Ethier (ISO-New England)

4:55pm-5:00pm: Closing Remarks

5:00pm-6:30pm: Reception

*Denotes Presenter(s)