Association Webinars:
Electricity Markets Assessment: Europe & the US



  

 

Open markets for electricity in Europe and the US are approaching the age of 30. Their diversity, be it at the wholesale or the retail level, has never reduced significantly and no common model ever emerged on both sides of the Atlantic Ocean. Nor it did anywhere else. Today, we are still confronted with several serious stars in the US, such as PJM and Texas, and in Europe, such as the UK and the Nordics. On the top, we should not forget Australia. Surprisingly, only the EU has made, since 2016, a very serious effort of harmonization of market and network rules.

This webinar, jointly organized by the IAEE and the Florence School of Regulation (FSR), represents an opportunity to review all the fundamentals needed to have the electricity markets working; and to assess all the key options among which companies, authorities, or the political economy can choose as a first, a second or a third best… always for a “good reason.”

This fascinating debate, always half rational and half self-interested, has restarted to boil since a few years due the spectacular growth of renewables, demand response, storage, and so on and so forth. As the new Handbook on Electricity Markets, recently edited by Jean-Michel Glachant, Paul Joskow and Michael Pollitt, explores in depth.

Seats are limited, sign up to ensure a spot!

Webinar Structure

Panel One (10:00-11:00 am Eastern Time)

Electricity Markets Assessment: Europe”

Moderator: Jean-Michel Glachant

Panellists:

  • David Newbery
  • Chloé Le Coq
  • Fabien Roques
  • Paul Simshauser

A discussion with audience follows

Panel two (11:00 am - 12:00 pm Eastern Time)

Electricity Markets Assessment: the US”

Moderator: Catherine Wolfram

Panellists

  • Richard Schmalensee
  • Shmuel Oren
  • Frank Wolak

A discussion with audience follows


Moderators:

Jean-Michel Glachant is the Director of the Florence School of Regulation, European University Institute, Italy, and the Holder of the Loyola de Palacio Chair. He took his PhD in economics at La Sorbonne in France, where he later became professor. He has been advisor to the European Commission and the French Energy Regulatory Commission (CRE). He has been coordinator and scientific advisor of several European research projects and editor-in-chief of Economics of Energy & Environmental Policy (EEEP). He is currently President-elect of the International Association for Energy Economics.

Catherine Wolfram is an energy and environmental economist currently serving as the Deputy Assistant Secretary for Climate and Energy Economics at the United States Department of the Treasury. She is on leave from the Haas School of Business at University of California, Berkeley where she is the Cora Jane Flood Professor of Business Administration and recently served as Associate Dean for Academic Affairs.

Speakers:

Chloé Le Coq is a Professor in the Department of Economics at the University Paris 2 and a Research Fellow at SITE (Stockholm School of Economics). She has held visiting positions at Purdue University, the University of California Energy Institute at Berkeley, and the National University of Singapore. Her research investigates topics related to antitrust policy, industrial organization, and experimental economics, with a particular focus on energy markets and their regulation. Her recent work includes empirical studies on forward markets, energy security issues, and experimental studies of electricity auctions.

David Newbery is the Director of the Cambridge Energy Policy Research Group and Emeritus Professor of Applied Economics at the University of Cambridge. He was President of the International Association for Energy Economics in 2013. He has active research on market integration, transmission planning and finance, climate change policies, and the design of energy policy, renewables support and energy taxation. He is currently independent member of the Single Electricity Market Committee of the island of Ireland.

Fabien Roques is an Associate Professor at University Paris Dauphine and the Florence School of Regulation, and an Executive Vice President with the economics consultancy Compass Lexecon. Fabien is a regular contributor to academic and professional journals on economic issues related to the energy industry. His research focusses in particular on the evolution of electricity, gas and emissions trading market design and regulation in Europe and globally.

Shmuel S. Oren is Professor of the Graduate School and the Earl J. Isaac Chair Professor in Industrial Engineering and Operations Research at UC Berkeley. He is a co-founder and the Berkeley site director of PSERC. He was a Senior Adviser to the Market Oversight Division of the PUCT and served as a member of the CAISO Market Surveillance Committee. He holds a PhD from Stanford University, is IEEE Life Fellow, INFORMS Fellow and Member of the US National Academy of Engineering.

Richard Schmalensee is Howard W. Johnson Professor of Management Emeritus and Professor of Economics Emeritus at MIT. He has served as Dean of the MIT Sloan School of Management and from 1989 to 1991 he was the Member of the President’s Council of Economic Advisers with responsibility for energy and environmental policy. Professor Schmalensee is a Fellow of the Econometric Society and the American Academy of Arts and Sciences, and a Director of the National Bureau of Economic Research.

Paul Simshauser, AM, is a Professor of Economics at the Centre for Applied Energy Economics & Policy Research, Griffith University, and the Chief Executive Officer of Powerlink Queensland, one of Australia’s largest electricity utilities. He is also a Research Associate at the Energy Policy Research Group, University of Cambridge, UK. Paul has a PhD in Economics from the University of Queensland and a Master of Commerce from Griffith University. In 2019, he was awarded a Member of the Order of Australia for significant contribution to the energy industry through executive roles and applied economics and policy research.

Frank A. Wolak is the Holbrook Working Professor of Commodity Price Studies in the Department of Economics and the Director of the Program on Energy and Sustainable Development at Stanford University. His research and teaching focuses on design, performance, and monitoring of energy and environmental markets. He served as Chair of the Market Surveillance Committee (MSC) of the California Independent System Operator and was a member of the Emissions Market Advisory Committee (EMAC) for California’s Market for Greenhouse Gas Emissions allowances.

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Register →

Event Date: October 11, 2021

Event Time: 10:00 AM Eastern Time

Topic: Electricity Markets Assessment: Europe & the US

Moderators: Jean-Michel Glachant and Catherine Wolfram

Speakers: Chloé Le Coq, David Newbery, Fabien Roques, Shmuel Oren, Richard Schmalensee, Paul Simshauser, and Frank Wolak

Price: FREE


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