On behalf of the Kellogg School of Management's Center for Mathematical Studies in Economics and Management Sciences, the Kellogg Ford Motor Company Center for Global Citizenship, and the Initiative for Sustainability and Energy at Northwestern (ISEN), I am delighted to welcome you to our upcoming symposium, the 2013 Northwestern Workshop on Wholesale Electricity Markets: Hurdles to Overcome. This workshop is part of the nascent Kellogg Public Private Initiative.
This workshop seeks to bring together regulators, academics and representatives from industry with an interest in Electricity Markets, in order to identify the problems that affect and will affect wholesale electricity markets and define what we know and do not know.
The workshop program is divided into a public summit on Day 1, and a private (by-invitation) workshop on Day 2. For each of the issues examined, the limits of our understanding can be described in a number of dimensions, as follows:
- Goals – How they relate to each other? How should they be prioritized? How to weigh the competing interests?
- Policies, current and proposed – are they working? What are the limitations? What are the trade-offs that they imply?
- Frameworks that we use or should use to analyze electricity markets and draw recommendations – Do they make sense? Are they appropriate?
We will seek to evaluate the boundaries of our knowledge and understanding in each of the above dimensions. As a result of this inquiry, we hope to establish priorities for creation and dissemination of knowledge (research and outreach) that could support more effective decisions.
We invite thoughtful people working with electricity markets from all around the world to share their knowledge, experiences, ideas and questions related to these markets. The workshop should be a collaborative and integrative effort of thinking about the hurdles that electricity markets face globally.
I very much look forward to seeing you in January!
Luciano De Castro