(In search of alternative pathways)

(Including Pre and Post-Conference Workshops on May 10th and 13th)

Overview:

Evolution of the electricity industry around the world has reached a critical juncture. Should we press ahead with market restructuring or re-establish a vertically integrated regulated utility? Now is the time to seize the opportunity to assemble a group of world renown experts to discuss lessons learned and help illuminate pathways ahead for successful industry reforms. We have done so and you are invited to join them. Register today!

Who Should Attend:

• Policy makers involved in power market restructuring

• Executives and corporate planners from energy companies

• Professionals and researchers interested in electricity market restructuring

• Representatives of research organizations engaged in market reform studies

Benefits:

• Highly efficient way to review lessons learned from current market reform efforts

• Favorable occasion to meet industry restructuring experts from around the world

• Excellent opportunity to gain insight into the ongoing search for alternative pathways for successful industry transformation

• Unique chance to influence future research by identifying outstanding issues and providing guidance for establishment of an international collaborative research partnership

Topics Include:

• Liberalizing Electricity - No Regrets, No Turning Back

• What lessons can be learned from the U.S. and the U.K. experience with restructuring, in general?

• What specific factors from U.S./U.K. market designs are most useful elsewhere?

• How applicable is locational marginal pricing (LMP) outside the U.S.?

• How can other markets avoid notable market problems like those in California?

• Why Has The Nordic Electricity Market Worked So Well?

• Smooth Adjustment vs. Melt-Down: Experiences from a Nordic Supply Shock and Comparison with the California Case

• Results from the French and German Market Restructuring

• The European Experience

• Risk Management After Restructuring

• Different Paths to Reform in the U.K.

• The Role of the Network in Market Design & Public vs. Private Goods

• How can the process of market transformation be improved in order to take advantage of lessons learned and incorporate insights from simulation?

• Which key features of specific market designs tried so far are most widely applicable to ensure success?

• What are the most important factors for avoiding failure?

Speakers and Workshop Instructors Include:

Hung-po Chao, EPRI
Vamsi Chadalavada, ISO New England
Peter Cramton, University of Maryland
Harry Singh, US FERC
Sally Hunt, NERA
Lars Bergman, Stockholm School of Economics
Patrick Pruvot, EdF
Eirik S. Amundsen, University of Bergen
Jean-Michel Glachant, University of Paris
Yves Smeers, Center for Operations Research and Econometrics (CORE)
Robert Wilson, Stanford University
David Newbery, University of Cambridge
Bruno Meyer, EdF
Robert Thomas, Cornell University
Doug Cooke, International Energy Agency
Namsung Ahn, KEPRI
Katsuhiko Suetsugu, Asia-Pacific Energy Forum
David Victor, Stanford University
Wade Malcolm, EPRI
Robert Entriken, EPRI
Art Altman, EPRI
Vernon L. Smith, 2002 Nobel Laureate in Economics, George Mason University

Pre- and Post-Conference Workshops:

Workshop 2 - Risk Management for Executives - Friday, May 13 - 8:00 am to noon

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