Economics of Electricity Markets and Regulation Workshop
James B. Bushnell and Mar Reguant, Organizers
May 28-29, 2019
Supported by Alfred P. Sloan Foundation
Hyatt Regency Lake Tahoe Resort, Martis Peak AB, 111 Country Club Drive, Incline Village, NV
| Tuesday, May 28 | ||||
| The meeting will be organized around market themes and policy topics. Each Session will feature short presentations by panelists and discussants followed by an open discussion. | ||||
| 9:30 am | Continental Breakfast | |||
| 10:00 am |
Panel: Capacity Markets and Wholesale Market Outcomes Johannes Pfeifenberger, The Brattle Group Matthew White, ISO New England Frank Wolak, Stanford University and NBER Slides |
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| 11:15 am | Coffee Break | |||
| 11:45 am |
Panel: Transmission and Distribution Investment and Cost Recovery Paul L. Joskow, Massachusetts Institute of Technology and NBER Beia Spiller, Environmental Defense Fund Slides Slides |
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| 1:00 pm | Lunch - Martis Peak C | |||
| 2:00 pm |
Short Course: Power Systems for Economists: Transmission Systems Alexandra von Meier, University of California at Berkeley |
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| 3:30 pm | Coffee Break | |||
| 4:00 pm |
Short Course: Power Systems for Economists: Distribution Systems Alexandra von Meier, University of California at Berkeley Slides |
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| 5:30 pm | Adjourn | |||
| 6:30 pm | Reception and Dinner - Regency A | |||
| Wednesday, May 29 | ||||
| 8:00 am | Continental Breakfast | |||
| 8:30 am | Integration of Renewable Energy in Wholesale Markets | |||
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Gordon W. Leslie, Monash University Akshaya Jha, Carnegie Mellon University and NBER How does Rooftop Solar Penetration Affect Generator Efficiency and Market Power? |
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James E. Archsmith, University of Maryland, College Park Adjustment on the Margin: Evaluating Emissions Reduction Policies in the Face of Short-Run Adjustment Costs (discussant slides)
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| 10:00 am | Coffee Break | |||
| 10:30 am | Wholesale Market Competition and Performance | |||
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Shaun McRae, Instituto Tecnológico Autónomo de México (ITAM) Market Power in Cost-Based Wholesale Electricity Markets: Evidence from Mexico |
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Mar Reguant, Northwestern University and NBER Renewables, Market Design and Competition
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| 12:00 pm | Lunch - Cutthroat's Saloon | |||
| 1:00 pm | Retail and Wholesale Market Structure | |||
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Ignacia Mercadal, University of Florida Alexander MacKay, University of Virginia Shades of Integration: The Restructuring of the U.S. Electricity Markets |
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David P. Byrne, University of Melbourne Leslie A. Martin, University of Melbourne Jia Sheen Nah, University of Melbourne Price Discrimination, Search, and Negotiation in an Oligopoly: A Field Experiment in Retail Electricity (discussant slides)
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| 2:30 pm | Coffee Break | |||
| 3:00 pm | Retail Pricing and Tariff Design | |||
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David S. Rapson, University of California, Davis Do Electricity Rates Affect Energy Efficiency Investment? Empirical Evidence |
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Blake C. Shaffer, University of Calgary Misunderstanding Nonlinear Prices: Evidence from a Natural Experiment on Residential Electricity Demand (discussant slides)
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| 5:00 pm | Adjourn | |||