2009 POWER Conference
on Energy Research and Policy

March 19 – 20, 2010

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

THE CONFERENCE

New this year, the University of California Energy Institute’s Center for the Study of Energy Markets (CSEM) will hold a two-day research conference on energy markets and regulation. The POWER conference will expand to an extra day and include topics on natural gas, gasoline, and environmental regulation. Thursday, March 19th, will be devoted to natural gas and gasoline research papers and discussions in a format similar to that of the POWER conference. Friday, March 20th, will cover the traditional POWER conference research topics on electricity markets and regulation. Register for one or both days and hear about the newest research findings on the energy and environmental issues facing us today.

AGENDA:

DAY 1: MARCH 19, 2009

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

9:00am-9:15am: Welcome

9:15am-10:45am: Session 1

“Clearing the Air? The Effects of Gasoline Content Regulation on Air Quality”
Maximilian Auffhammer (University of California, Berkeley) and Ryan Kellogg (University of Michigan)

“Greenhouse Gas Reductions under Low Carbon Fuel Standards?”
Stephen P. Holland (University of North Carolina, Greensboro), Jonathan E. Hughes and Christopher R. Knittel (University of California, Davis)

Discussants:
Wolfram Schlenker (Columbia University)
William Koetzle (Chevron Corporation)

Break

11:10am-12:40pm: Session 2

“Price Leadership and Coordination in Retail Gasoline Markets with Price Cycles”
Matthew S. Lewis (The Ohio State University)

Discussant:
Michael Noel (University of California, San Diego)

12:40pm-2:10pm: Lunch

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

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

“How Do Gasoline Prices Affect Fleet Fuel Economy?”
Shanjun Li (Stony Brook University), Christopher Timmins (Duke University) and Roger H. von Haefen (North Carolina State University)

“Using Loopholes to Reveal the Marginal Cost of Regulation: The Case of Fuel-Economy Standards”
Soren T. Anderson (Michigan State University) and James M. Sallee (University of Chicago)

Discussants:
Mark Jacobsen (University of California, San Diego)
Anthony Eggert (California Air Resources Board)

Break

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

“The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas”
Lucas W. Davis and Lutz Killian (University of Michigan)

“Residual Supply Curves for Canadian Natural Gas within the North American Network”
Rocio Uria and Jeffrey C. Williams (University of California, Davis)

Discussants:
Paul Carpenter (The Brattle Group)
Peter Reiss (Stanford University)

DAY 2: MARCH 20, 2009

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

9:00am-9:15am: Welcome

9:15am-10:45am: Session 1

“To What Price of Electricity Do Customers Respond?”
Severin Borenstein (University of California, Berkeley)

“Does Daylight Saving Time Save Energy? Evidence from a Natural Experiment in Indiana”
 Matthew J. Kotchen and Laura E. Grant (University of California, Santa Barbara)

Discussants:
Matthew Kahn (University of California, Los Angeles)
David B. Belzer (Pacific Northwest National Laboratory)

Break

11:10am-12:40pm: Session 2

“An Assessment of the New York Independent System Operator”
Edward Kahn (Analysis Group) and Susan Tierney (Analysis Group)

Discussant:
Paul Joskow (Sloan Foundation and MIT)

12:40pm-2:10pm: Lunch

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

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

“What Do Emissions Markets Deliver and to Whom? Evidence from Southern California’s NOx Trading Program”
Meredith Fowlie (University of Michigan), Stephen Holland (University of North Carolina, Greensboro) and Erin Mansur (Yale University)

“Regulation, Allocation, and Leakage in Cap-and-Trade Markets for CO2”
James Bushnell (University of California, Berkeley) and Yihsu Chen (University of California, Merced)

Discussants:
Ellen Wolfe (Resero Consulting)
Charlie Kolstad (University of California, Santa Barbara)

Break

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

“Links between Wholesale and Domestic Retail Electricity Prices in the UK?”
Monica Giulietti (Aston Business School), Luigi Grossi (University of Verona), and Michael Waterson (University of Warwick)

“How Do Firms Exercise Market Power in Hydro Dominated Markets?”
Sean D. McRae and Frank A. Wolak (Stanford University)

Discussants:
John Panzar (Northwestern University)
Steve Puller (Texas A&M University)

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

5:00pm-6:30pm: Reception