Economics of Electricity Markets and Regulation Workshop

James B. Bushnell and Mar Reguant, Organizers

May 28-29, 2019

Hyatt Regency Lake Tahoe Resort, Martis Peak AB, 111 Country Club Drive, Incline Village, NV

Conference Code of Conduct

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
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

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
3:30 pm
Coffee Break
4:00 pm
Short Course: Power Systems for Economists: Distribution Systems
Alexandra von Meier, University of California at Berkeley
5:30 pm
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
Gordon W. Leslie, Monash University
Akshaya Jha, Carnegie Mellon University and NBER

How does Rooftop Solar Penetration Affect Generator Efficiency and Market Power? (slides)
James E. Archsmith, University of Maryland

Adjustment on the Margin: Evaluating Emissions Reduction Policies in the Face of Short-Run Adjustment Costs (slides)

(discussant slides)
Discussant: Erin T. Mansur, Dartmouth College and NBER
10:00 am
Coffee Break
10:30 am
Wholesale Market Competition and Performance
Shaun McRae, Instituto Tecnológico Autónomo de México

Market Power in Cost-Based Wholesale Electricity Markets: Evidence from Mexico (slides)
Mar Reguant, Northwestern University and NBER

Renewables, Market Design and Competition (slides)
Discussant: James B. Bushnell, University of California, Davis and NBER
12:00 pm
Lunch - Cutthroat's Saloon
1:00 pm
Retail and Wholesale Market Structure
Ignacia Mercadal, University of Florida
Alexander MacKay, Harvard University

Shades of Integration: The Restructuring of the U.S. Electricity Markets (slides)
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 (slides)

(discussant slides)
Discussant: Severin Borenstein, University of California, Berkeley and NBER
2:30 pm
Coffee Break
3:00 pm
Retail Pricing and Tariff Design
David S. Rapson, University of California, Davis

Do Electricity Rates Affect Energy Efficiency Investment? Empirical Evidence
Blake C. Shaffer, University of Calgary

Misunderstanding Nonlinear Prices: Evidence from a Natural Experiment on Residential Electricity Demand (slides)

(discussant slides)
Discussant: Arik Levinson, Georgetown University and NBER
5:00 pm