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Workshop: Designing Electricity Auctions

Stockholm 15 – 16 September 2009

A group of international experts on electricity auctions met to discuss policy implications for the design of electricity auctions. The workshop took place at Villa Källhagen, beautifully situated at Djurgården in the middle of Stockholm.

The Workshop was financed within the IFN research program The Economics of Electricity Markets.

Organizing committee: Thomas Tangerås, Sven-Olof Fridolfsson, Pär Holmberg and Elisabeth Gustafsson.

Participants
Lawrence Ausubel, University of Maryland
Peter Crampton, University of Maryland
Nils-Henrik von der Fehr, University of Oslo
Richard Green, University of Birmingham
David Newbery, Cambridge University
Shmuel Oren, University of California, Berkeley
Andrew Philpott, University of Auckland
Frank A. Wolak, Stanford University
Sara Fogelberg, Research Institute of Industrial Economics (IFN)
Sven-Olof Fridolfsson, Research Institute of Industrial Economics (IFN)
Pär Holmberg, Research Institute of Industrial Economics (IFN)
Erik Lundin, Research Institute of Industrial Economics (IFN)
Thomas Tangerås, Research Institute of Industrial Economics (IFN)


Program

--- Tuesday September 15 ---

1130-1300:   Welcome lunch

1300-1400:   Shmuel Oren – UC Berkeley

Three part auctions versus self-commitment in day ahead electricity markets
Discussant: Andrew Philpott – U Auckland 

1400-1415:   Coffee break

1415-1515:   Nils-Henrik M. von der Fehr – U Oslo

Market design and investment incentives
Discussant: David Newbery  U Cambridge

1515-1530:   Coffee break

1530-1630:   Peter Cramton – U Maryland

Using forward markets to improve electricity market design
Discussant: Shmuel Oren 

1900:           Conference dinner at Restaurant Gondolen

--- Wednesday September 16 ---

0845-0945:   Frank A. Wolak – Stanford U

Regulating competition in wholesale electricity supply
Discussant: Richard Green – U Birmingham 

0945-1000:   Coffee break

1000-1100:   Pär Holmberg and David Newbery – IFN and U Cambridge

The supply function equilibrium and its policy implications for wholesale electricity auctions
Discussant: Lawrence Ausubel – U Maryland 

1100-1115:   Coffee break

1115-1215:   Andrew Philpott                 

Production inefficiency of electricity markets with hydro generation
Discussant: Frank A. Wolak 

1215-1330:   Lunch

1330-1430:   Lawrence Ausubel

Virtual power plant auctions
Discussant: Nils-Henrik von der Fehr

1430-1445:   Coffee break

1445-1545:   Richard Green

The long-term impact of wind power on electricity prices and generating capacity
Discussant: Peter Cramton

1545:           Closing of the conference