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25th Annual IAEE

International Conference Aberdeen

25th Annual IAEE InternationalHosted by Conference the University of Aberdeen Aberdeen Exhibition and Conference Centre, Aberdeen, 26 – 29 June 2002

who should attend Innovation and Maturity in Markets: Experience and Prospects Lawyers & Accountants Energy Company Session Themes and Topics Executives & Managers • Energy Policy Analysts Governmental Employees in • The Role of Government Energy/Resource Planning Academics Specialising in • Energy Policy & Analysis Electricity Pricing and • The Oil Industry Market Analysts Energy Consultants • IT and the Energy Sector Energy Company Planning Economists CONFERENCE INFORMATION Energy Risk and Derivatives Specialists Programme Outline Registration Information Energy Forecasting Hotel Booking Information Specialists University of Aberdeen Reception Oil and Natural Gas Gala Dinner at Ardoe House Executives Scottish Evening Energy Regulation Sponsorship Executives Electric and Utility Supervisors Aberdeen – “The Oil Capital of Europe” Energy Environmental The conference will be held in Aberdeen, Scotland, the “Oil Capital of Europe” and operations Analysts centre for . Major and small oil companies, the Oil Directorate of the UK Geologists and Engineers Department of Trade and Industry and service companies have prominent presences in the city. The timing of the conference ensures that attendees can enjoy daylight for nearly Environmentalists 24 hours per day. June is also generally the warmest month of the year. Aberdeen has many Energy Journalists attractions including an ancient University. It is also the ready gateway to magnificent scenery, many castles, ancient and modern, malt whisky distilleries and golf courses. In short, anyone with an active interest in the field of energy economics will not want to miss this meeting. CONFERENCE SPONSORS Confirmed Sponsors (as of 31st March 2002) BP, Shell, Citigroup, Scottish Power, TotalFinaElf, UK Department of Trade and Industry, Aberdeen City Council, Ernst & Young, Conoco

The special conference websites are http://www.abdn.ac.uk/iaee

BIEE welcome timetable & subjects

25th Annual IAEE International Conference 25th Annual IAEE International Conference

Innovation and Maturity in Energy Markets: Experience and Prospects Wednesday, 26th June 2002 10.30-11.00 Coffee Break, Hall A Friday, 28 June 2002 14.00-19.00 Registration at Elphinstone 11.00-12.30 Plenary Two, Auditorium, 08.00-13.00 Registration at Aberdeen Hall, King’s College, University of Aberdeen Hall A – The North Sea in a Global Context. Exhibition and Conference Centre Chair: Prof. Alex Kemp, Aberdeen, Mr Tony 08.00-12.00 07.30-09.00 IAEE Strategy Hayward, Group Vice-President and Group Energy Journal Board Dear Colleagues Focus Group, Carnegie Room, Treasurer, BP, Rt. Hon. Brian Wilson, UK of Editors Breakfast, Room 22 King’s College Conference Centre Minister for Energy*, Mr Kjell Pedersen, 07.15-09.00 Breakfast and Session Energy continues to feature prominently in the news and plenary session – The North Sea in a Global Context – 12.00-13.00 IAEE Council Lunch, CEO, Petoro. Sponsored by Shell on Sustainable policy debates round the world. Oil and gas prices continue will feature presentations by Tony Hayward, Group Vice Catherine Gavin Room, King’s College 12.30-14.00 Lunch, Hall A – Development in Practice, Hall A to fluctuate, markets liberalise with varying success, security President and Group Treasurer of BP, and Brian Wilson, Conference Centre of supply has become a dominant issue in many countries, the UK Minister for Energy (invited) and Kjell Pedersen, Chair: Leonard Coburn. Lord Nigel Lawson Chair: Tom Botts, Managing Director 12.00-17.00 agreement on policies towards remains CEO, Petoro. Malcolm Brinded of Shell will speak on the IAEE Council Meeting, on Energy Privatisation. Presentation of Shell Carnegie Room, King’s College elusive, and regulation issues remain unresolved. In short Prospects for the North Sea. Peter Davies of BP will present IAEE Awards. 08.00-09.00 IAEE European Affiliates Conference Centre in the energy area there is no shortage of live problems. the new BP Statistical Review of World Energy. A co- 14.00-15.30 Leaders, Room 18 12.00-17.00 IAEE Council Meeting, I am very pleased to invite you to the 25th Annual IAEE plenary session will feature the Middle East and another Co-Plenaries Three and Four 09.00-10.30 Co-Plenaries Five and Six International Association Conference, Innovation and US Regulation Issues. Other co-plenaries will feature Carnegie Room, King’s College Co-Plenary Three, Auditorium, Co-Plenary Five Maturity in Energy Markets: Experience and Prospects Energy Issues in Asia and Europe. An event which proved Conference Centre , Auditorium, Hall A – Hall A – Middle East Issues. Electricity Liberalisation. Chair and Lead highly popular at the Houston IAEE conference – a lunch [12.00-16.00 Annual Global Energy Speaker: David Newbery, University of Five main themes have been identified. These will be time session on the Perils of Forecasting (or why we were Co-ordination Meeting (Chair: Sec-Gen. Chair: Dr. Herman Franssen, Cambridge, UK: Liberalising Electricity WEC; CEO’s of WPC; IGC; WCI; ICC; DC, Mr Nader Sultan, addressed in plenary sessions, lunchtime speeches and wrong) – will feature. The final session will highlight the Markets. concurrent sessions. The first theme covers the various reflections of several past IAEE Presidents on 25 Years WNA/Uranium Institute; IFIEC), CEO Kuwait Petroleum, Dr. Fadel Chalabi, COGES, , Professor Paul Stevens, forms of Renewable Energy including future scope, barriers of Energy. Aberdeen Exhibition and Conference L Hunt, D Hawdon, P Levine and University of Dundee, Mr Paul Tempest, to development and appropriate incentives. A second Centre, Bridge of Don, Aberdeen] N Rickman, University of Surrey, UK: Executive Director, Windsor Energy Optimal Sliding Scale Regulation: theme covers the Role of Government in energy matters Social highlights of the conference include an opening 18.00-20.00 Welcome Reception, Group, Dr. Fereidun Fesheraki, East-West An Application to Regional Electricity Elphinstone Hall, King’s College, including regulatory issues, (particularly relating to reception on 26th June in Elphinstone Hall at the ancient Center, Honolulu Distribution in England and Wales electricity and gas), the design of environmental policies University of Aberdeen (where it is hoped to feature a University of Aberdeen 14.00-15.30 Co-Plenary Four, Reinhard Hass, Vienna University, Austria: involving energy, taxation, and the geopolitics of energy. Scotch whisky tasting session), a Gala Dinner on 27th June 20.00-22.00 IAEE Council Dinner Room 23 – US Regulation. Why Liberalisation, Privatisation and A third theme covers the Oil Industry including technology at Ardoe House, a magnificent 19th century baronial (invitation only) and the resource base, the future of offshore oil and the mansion with modern ballroom facilities, and a Scottish Chair: Dr. Michelle Michot Foss, Director, Deregulation Will Not Bring About [19.30-22.00 Global Energy Competition in Electricity North Sea in particular, oil price behaviour and prospects, Evening (food and entertainment) on the 28th. A social , University of Houston, Co-ordination Dinner Hosted by BP, Dr. Shirley Neff, US Senate Committee Michael Morrison, University of and the prospects for Middle East oil. A fourth theme programme will also be provided for delegates and partners location to be confirmed] covers Natural Gas including security of supply issues, featuring the local attractions of castles, (some dating back on Energy and Natural Resources, Mr Brett Cambridge, UK: European Electricity the role of gas in power generation, the reserves position, to the Middle Ages), malt whisky distilleries, and golf Perlman, Texas Public Utilities Commission, Markets – The State of Competition Mr Donald Santa, Troutman Sanders gas prices, and long term contracts. The fifth theme covers courses (some of championship status). Thursday, 27 June 2002 Co-Plenary Six, Room 23 – Energy IT and The Energy Sector including its impact on costs to 15.30-16.00 Tea Break, Hall A De-Regulation and Liberalisation in 08.00-16.00 Registration at Aberdeen date and likely effects in the future, the role of Government I look forward to welcoming you to Aberdeen and to Developing Countries. Chair: Paul Stevens, Exhibition and Conference Centre 16.00-17.30 Parallel Sessions One-Five in the provision of information, and the effect of IT on a memorable conference. University of Dundee. John Besant-Jones, market transparency. 08.00-09.00 IAEE Affiliate Leaders 19.00-22.00 Gala Dinner, Ardoe House The World Bank, Peter Pearson, Imperial Yours sincerely Meeting, Breakout Room 18 Hotel, South Deeside Road, Blairs, Aberdeen. College, London, Adilson de Oliveira, Chair: Leonard Coburn. Presentation of Instituto de Economica, UFRJ Several senior and distinguished speakers have already 09.00-10.30 Opening Session IAEE Awards. Presentations on next IAEE agreed to participate. At the opening session – Towards Auditorium, Hall A – Co-Plenary One – Conferences in Vancouver and Prague Francisco Barnes-Regueiro, McKinsey & Co, a New Global Energy Policy – it is planned to have Towards a New Global Energy Policy. Mexico: Energy Transition in Developing Countries: The Case of Mexico presentations by Vicky Bailey, Assistant Secretary for Joint Chairs: IAEE President, Leonard Policy and Environmental Affairs, US DOE, Gerald Doucet, Coburn and BIEE President, Lord Nigel 10.30-11.00 Coffee, Hall A Secretary General of the World Energy Council, and Professor Alex Kemp Lawson, BIEE President and Chairman, 11.00-12.30 leading representatives of the IEA and OPEC. The second Aberdeen General Conference Chair Central Europe Trust, Rt. Hon Vicky Bailey, Co-Plenaries Seven and Eight Assistant Secretary, US Department of Energy; Mr Robert Priddle, Executive Director, International Energy Agency; Mr Gerald Doucet, Secretary-General, World Energy Council

*Subject to final confirmation timetable & subjects

25th Annual IAEE International Conference

Co-Plenary Seven, Auditorium, Hall A – 14.00-15.30 Parallel Sessions Six-Ten Parallel and Poster Sessions Vaclovas Miskinis, Parallel Session Two Ivan Benes, Asia. Chair: Hoesung Lee, Seoul. Lead Lithuanian Energy Institute, Lithuania Room 22 – Renewables One. Czech Association for Energy Economics, 15.30-16.00 Tea break, Hall A Speakers: Dr. Medjid Kerimov, Minister of Thursday 27th June Changes in the Lithuanian Power System Czech Republic Chair: Elizabeth Marshall, UK Fuel and Energy, Azerbaijan and Robert 16.00-17.30 15.00-17.00 after Close of the Ignalina Nuclear Power Study of the Strategic Safety of the Energy Ebel, CSIS, Washington DC – Russia, The Parallel Sessions Eleven-Fifteen Plant and Measures for Reduction of Paul H Suding, Supply Systems in the Czech Republic Poster Session One Caspian and Central Asia CO2 Emissions CTZ, China 17.30-18.00 IAEE Business Meeting Thomas Unger and Filip Johnsson, Authors Present: Possibilities and Limits of Ho Seok Kim and Eui Soon Shin, Yonsei Chalmers University of Technology, Sweden (AGM), Breakout Room 20 Renewable in Rural Areas University, Korea: Climate Policy Options Benefits and Risks Associated with 19.00-22.00 Scottish Gala Evening, Georg Erdmann and Stefan Bokamper, 16.00-17.30 Parallel Sessions One-Five of Developing Countries and their Implications on Korean Economy Extended Gas Transmission Capacity Beach Ballroom, Aberdeen. Chair: Alex TU, Berlin Market Prospects of Fuel Cells on Parallel Session One Ulf Hansen, in the Nordic Countries Keun-Wook Paik, RIIA, London: Kemp. Master of Ceremonies: Charlie Allan the Market for Home Heating Breakout Room 23 – Student Session. Rostock University, Germany China's Natural Gas Expansion J. Schleich and Wolfgang Eichammer and Biomass: Going up in Smoke? Chair: Chang Youngho, Singapore. Frank Gagelmann and J Chesshire, (1 & 2) Ken Koyama, Institute of Energy Economics, Massimo Santarelli and Sara Macagno, Saturday 29th June Philippe Menanteau, Dominique Finon Fraunhofer Institute Systems & Innovation Japan: Energy Market Restructuring in Politecnico de Torino, Italy Joint Vice-Chairs: the 2 2002 IAEE A Thermoeconomic Analysis of PV- and Marie-Laure Lamy, Research, Germany, UFZ Centre for Japan: Implications for World Markets 09.00-09.40 Plenary Nine, Auditorium, Student Council Members: Miroslav Hydrogen System Feeding the Energy IEPE, France Environmental Research, Germany, SPRU, UK Hall A – Realising Global Energy Possibilities. Honzik, CTU Prague and Peter Kobos, Co-Plenary Eight, Room 23 – Trans- Request of a Residential Building in an Price-based Versus Quantity-based Reasons and Perspectives for Emission Chair: Peter Pearson, BIEE Chair. Speaker: Rensselaer Polytechnic Institute, European Issues. Chair: Arild Nystad. Isolated Valley of the Alps Approaches for Stimulating the Reductions in Germany and the UK Malcolm Brinded, Group Managing Albuquerque Lead Speaker: Jonathon Stern, Imperial Development of Renewable Electricity: Director, Royal Dutch/Shell Group College, London and RIIA – European Gas Klaus Skytte, Stine G Jensen, Jacob Lemming, Chang Youngho, New Insights in an Old Debate Companies – An Endangered Species 09.50-10.30 Plenary Ten, Auditorium, Poul E Morthorst and Ole J Olsen, National University, Singapore Parallel Session Four Toshi Nakata and Ry Kinugasa, in a Booming European Gas Market Hall A – Presentation of the New 2002 Riso National Laboratory, Denmark Oil Price Fluctuations and Chinese Economy Room 18 – Climate Change. Experience Curves, Renewable Energy Tohoku University, Japan BP Annual Statistical Review. Aad Correlje, Delft University, Netherlands: Technologies and Energy Policy in Denmark Atif Raja, Analysis of the Impact of Fuel Cell Vehicles Chair: Adrian Gault, DTI, UK. The Re-Regulation of the Dutch Natural Power Planning Association, UK on Energy Systems in the Transportation Chair: Paul Tempest, BIEE Vice-President. Roy Boyd and ME Ibarraran, Gas System Pierre Taillant, What is the Role of Natural Gas in Power Sector in Japan Speaker: Peter Davies, Vice-President, BP. Ohio University, USA Copies of the new review will be handed CREDEN, France Generation? Hans Auer, Manfred Targner, Nenad Keseric Competition, Lock in and Development of Kirsten Bindermann, El Calor Del Sur: Economic Impact to all attendees and Reinard Haas, Vienna University, Technological Variety in the Production of Rodolfo Torres, LMC, London of Climate Change Mitigation Policies Austria: How to Ensure the Optimal Use 10.30-10.45 Coffee, Hall A Electricity Photovoltaic Solar Energy Federal University of the Rio de Janeiro, Brazil The Use of Food Crops for the Generation for Mexico of the European Transmission Grid Investment Coordination and Competition of Renewable Energy Akira Maeda, 10.45-12.00 Christine Worlen, Policy in the Natural Gas Industry: Issues to Keio University, Japan VA Krukov and KN Milovidov, Russian Parallel Sessions Sixteen-Twenty One Boston University, USA the Brazilian Case Academy of Sciences Novosibirsk and Experience Curves for Wind Emissions Trading with Emissions 12.00-12.45 Closing Session, Parallel Session Three Gubkin Academy Moscow: Evolution of the Energy Converters Alberto E Baltierra, Tanya M Coronado Abatement Rigidity: Theory and Auditorium, Hall A. Past Presidents – Auditorium, Hall A – European Russian Oil Sector Organizational Structure and Joel H Santoyo, Policy Implications Energy Issues. Reflections on Twenty-Five Years of the Henrik Jacobsen, IFP School & University of Paris IX- John Bower, Oxford Institute for Energy Andras Fazekas, World of Energy. Chair: Leonard Coburn, Riso National Laboratory, Denmark Dauphne, National Autonomous University Chair: J-P Cueille, IFP, France Studies, UK: European Power Transmission Hungarian Power Companies, Hungary IAEE President Regional Energy Consumption and Mexico, National Autonomous University of Capacity: Do Governments Need to Invest? Income Differences in Denmark Christian von Hirschhausen Calculation of CO2 Emissions Reduction 12.30-14.00 Prague Committee Mexico & Mexican Petroleum Institute and Andreas Chollet/Berit Meinhart, by Co-Generation in Hungary Precis 12.30-14.00 Lunch, Hall A – Chair: Meeting, Breakout Room 22 Convergence of Natural Gas and Electricity Silvia Pariente-David and Murray Hartley, DIW, Germany of Calculations Method Leonard Coburn. Energy Journal Best Paper Use in Mexico: Which Opportunities to PA Consulting, France The Perspective of Russian Gas Exports to Awards: Campbell Watkins. Speakers: Improve Energy Efficiency? N Jestin-Fleury, Electricity Market Models for Integrating Western Europe – A Simulation Analysis of Nicola Pedde, Rome: The Geo-politics of CGP, France European Markets Malika Saidkhodjaeva, Investment and Policy Options Energy; Michael Lynch: The Perils of The Ways of Forecasting the Silvia Pariente-David, International Business School, Uzbekistan Greenhouse Gases Emissions Forecasting Uzbekistan: a new Place: Alex Kemp and Linda Stephen, PA Consulting, France University of Aberdeen, UK IT and Energy World Network? Adriaan Perrels, Gas/Electricity Convergence in Liberalising Whither the UKCS? A Financial VATT, Finland European Energy Markets Simulation of a Mature Province How to Keep Environmental Policies Guido Pepermans, Effective in Liberalised Power Markets? KU Leuven, Belgium Restructuring the Electricity Distribution Sector in Flanders: Some Simulation Results timetable & subjects

25th Annual IAEE International Conference

Parallel Session Five Isaac Dyner and Yris Olaya, S M Salifou, Gaetan Lafrance 14.00-15.30 Jostein Skaar, Linda Warell, Room 20 – International Companies Universidad Nacional de Colombia, Colombia and Gilles Savard, Norwegian School of Economics, Norway Lulea University of Technology, Sweden Parallel Sessions Six to Ten and Industry Issues. The Dynamic Interaction Between University Quebec (1 & 2)/ Market Power and Natural Gas Storage Market Integration in the International Natural Gas Markets and Stochastic Ecole Polytechnique de Montreal, Canada Parallel Session Six Industry: An Error Correction Model Chair: John Holding, Saudi Arabian Texaco Gas Discoveries Power System Development in West Africa: Auditorium, Hall A – Oil Issues. Glomsrod Solveig, Yixuan Wang and Marie, Fagan, Optimal Solutions According to Parallel Session Eight Alberto Elizalde, Chair: Andre Plourde, Canada Taoyuan Wei, Statistics, IHRDC, USA Environmental and Economical Issues Room 18 – Sustainable and IFP School & University Of Paris, France Norway/National Bureau of Statistics, China The Disappearing Middle Class: Economies Unsustainable Development. Natural Gas Use in the Mexican Power Bill Orchard, David Ryan and Andre Plourde, Coal Cleaning: A Viable Strategy of Scale in Exploration and Production Generation Sector: Political, Market Orchard Partners, UK University of Alberta, Canada Chair: Michael Jefferson, UK for Reduced Carbon Emissions and Thanks for the Memories: David Nissen, Frank Spadine, and Regulatory Issues An Economic Method for Allocation of Cost Improved Environment Oil Price Decompositions and John D Edwards, Poten & Partners, USA and Fuel Burn Between Electricity and Heat Kazuya Fujime, Energy Demand Asymmetries University of Colorado, USA The Coming LNG Boom in the Atlantic Basin from Combined Heat and Power. The Effect IEEJ, Japan Twenty First Century Energy Transition of Allocation Assumptions on Global CO2 Andrew Pickering, Parallel Session Ten Djamila Amimer, Rational Formation of Natural Gas From Fossil Fuels to Renewable, Displacement from CHP University of Bristol, UK Room 23– New Financial and BP, UK Price on Asian Market Non-Polluting Energy Resources Why Linear-Quadratic Models Don't Market Instruments. The Use of Multicriteria Decision Making Katrin Ostertag, Shahla Khaleghi, Fit the Oil Industry John Aldersey-Williams, Theory Within the Petroleum Industry Fraunhofer Institute for Systems Chair: Neil Atkinson National Iranian Gas Co, Iran Redfield Consulting Ltd, UK & Innovations Research, Germany Campbell Watkins and MA Adelman, Optimization of Gas Supply in Iran Why Invest in Uneconomic Renewable Sharon X Lin and Michael N Tamvakis, The Economic Energy Saving Potential University of Saudi Arabia/Massachusetts Power Generation Technology? City University Business School, UK Dimityr Popov, of Heat Contracting Friday 28th June Institute of Technology, USA Lead-lag Relationship in High Frequency University of Sofia, Bulgaria “Oil Equivalence”: A Recurring Fable” Knut Rosendahl, 14.00-15.30 Juan Urrieta, Energy Futures Markets First Steps in Natural Gas Market Statistics Norway RIC, Mexico Paul Leiby, David Bowman Poster Session Two. Development in Bulgaria Cost Effective Environmental Tim Mount, Robert Thomas, From Local Diet Energy Consumption and Donald W Jones, (1& 3) Policy: Implications of Induced Christian Vossler and Ray Zimmerman, Authors Present: Miguel EM Udaeta, Luiz CR Galvao, to Fitness Energy Economy Oak Ridge National Laboratory, USA/(2) Technological Change Cornell University, USA Claudio E Carvalho and Andre LV Gimenes, Palomo Macias Guzman, University of Tennessee, USA Experimental Evidence about the Dr. Kurtubi, GEPEA, Brazil Improving Energy Security Through Catherine Mitchell, National Autonomous University, Mexico Persistence of High Prices in a Soft-Cap Pertamina, Indonesia Power Production with Natural Gas under an International Cooperative Approach Warwick Business School, UK The Impact of Asian Economic Crisis The Mexican Electrical Sector (MES) Auction for Electricity the Concept of the Local IRP Application to Emergency Oil Stockpiling Electricity Network Incentives on the Price Efficiency of Petroleum and Sulphur Dioxide Emission: Basis of for a Sustainable Energy Future Perry Sioshansi, Products in Indonesia Carmen Alveal, a Market for Tradable Emission Permits Hendwood Energy Services, USA IE/UFRJ, Brazil Bjart Holtsmark, Adriaan Perrels and Heikki Kemppi, Parallel Session Seven Energy Trading and Risk Management Tronde E Olsen and Petter Osmundsen, Mercosul Energy Integration: Statistics Norway VATT, Finland Breakout Room 22 – Natural Gas Issues. After Enron’s Collapse Norwegian School of Economics Asymmetries and Convergencies Implementation of the Without Balancing Between Taxation and Permit & Business Administration/ Chair: Jonathon Stern, London the USA – Some Links Between the Markets Silvia Pariente-David, Jean-Thomas Bernard, Trade and Between Nuclear Expansion Stavanger University, Norway for Emission Permits and Fossil Fuels PA Consulting Group, France Universite Laval, Canada and Power Trade – Feasibility Versus Risk Management in Offshore Douwe Kingma, Mark Lijesen The Use of Real Options Techniques Energy Efficiency Changes for Residential Optimality in Finnish Climate Policy Development Projects and Machiel Mulder, for Generation Asset Valuation Space Heating in the Province of Quebec Claus Huber, Reinhard Haas, CPB, Netherlands Parallel Session Nine Jon M Steineke and Ole AH Engen, from 1989 to 1998 Gas-to-Gas Competition versus Frank Asche and Alte Guttormsen, Thomas Faber, Gustav Resch, John Green, Room 20 – Nuclear and Coal Issues. RF Rogaland Research, Norway Oil-Price Linkage Stavanger University/Agricultural Patterns of Control and Communication Jeffrey Yunchang Bor, John Twidell and Walter Ruijgrok, Chair: Christopher Anastasi, University, Norway in the Norwegian Oil and Gas Industry: Chung-Hua Institution for Economic Vienna University, Austria Hans J Dahl and Petter Osmundsen, , UK Lead Lag Relationships Between Research, Taiwan Promoting from Towards a More Decentralised Norwegian University of Science Futures and Spot Prices Industrial System? Gross Energy Efficiency Indicator Renewables Effectively: The Pros and Cons & Technology/Stavanger University, Norway Mark Lijesen and JBM Mannaerts, – An Economic Factorization Analysis of Feed-In Tariffs and Tradable Quotas Cost Structure in Natural Gas Distribution CPB, Netherlands Edmar L F de Almeida, Fabricio Brollo, Welfare Effects of National Nuclear Ramunas Gatautis, Peter Read, 15.30-17.00 Jose V Bomtempo and Ronaldo G Bicalho, Michelle Foss and Gurcan Gulen, Policies in Europe Lithuanian Energy Institute, Lithuania Massey University, New Zealand UFRJ, Brazil University of Houston, USA Poster Session Three The Renewal Of The Gas-To-Liquids Lithuanian Energy Sector Development Hybrid Policy Proposal for 2002-2007 and Mean Reversion and Volatility in Marie-Laure Guillerminet, Technology: Perspectives and Impacts and its Environmental Impact Beyond: Emissions Permit Trading Linked to Energy Prices: Implications for Policy Universite Montpellier, France Authors Present: Project Based Initiatives Through Negotiated The Choices of the Regulated Organization Greenhouse Agreements for Allocating Finn Roar Aune, Rolf Golombek According to the Investment in a Marginal Asbjorn Moseidjord, Permits Usefully, Thus Building Experience and AC Kittelsen, Nuclear Equipment Saint Mary’s College of , USA that Cuts Climate Mitigation Costs Statistics Norway/Frisch Centre, Norway The New State Role in California's Is Natural Gas Environmentally Friendly? Power Industry timetable & subjects

25th Annual IAEE International Conference

Rolf Kunneke, Machiel Mulder, Paul Leiby, Jonathon Rubin Robert McRae, Hiroshi Asano and Masahito Takahasi, Massimo Filippini Delft University of Technology, Netherlands CPB, Netherlands and David Bowman, University of Calgary, Canada CRIEPI, Japan and Michael Kuenzle/Jorg Wild, (1 & 2) Liberalization and Technological Change: Economic Effects of National Emissions Oak Ridge National Laboratory/University Determining Consistent OPEC Oil Prices Conjoint Analysis of Commercial Customers' Swiss Federal Institute of Technology, Redefining the Need for Public Planning Trading Schemes: National Dilemmas of Tennessee/ University of Main, USA Willingness to Accept and Pay for Electricity Sweden/Plaut Consulting AC, Switzerland Within Global Issues Efficacy of Policies to Promote New Light- Service Reliability and Other Service Using Stochastic Frontier Analysis Hayashi Taizo, Duty Vehicle Types: Alternative Fuel Vehicles Parallel Session Fourteen Attributes under Retail Competition for the Access Price Regulation of Fukuoka Institute of Technology, Japan Breakout Room 20, (Hall A) Electricity Networks Kariwa Town Council Referendum David L Green and Janet Hopson, Larry Chow, 16.00-17.30 – Petroleum Taxation. on MOX Fuel Use and Desirable Course Oak Ridge National Laboratory/ Hong Kong Baptist Church, Hong Kong Tanay M Coronodo and Juan J A Garcia, Parallel Sessions Eleven to Fifteen on Plu-Thermal Operation in Japan University of Tennessee, USA Chair: Alex Kemp, Aberdeen Energy De-regulation in Hong Kong: National Autonomous University of Parallel Session Eleven An Analysis of Alternative Forms of Automotie The Search for a Framework Mexico/Universidad Autonoma Reiji Takeishi, David Laughton, John Campbell, Auditorium, Hall A Fuel Economy Standards for the United Metropolitana-Iztapalapa, Mexico Fujitsu Research Institute, Japan – The Role of the Government. Stephen Begg and Stephen Black, Non-Technical Electricity Losses in Mexico The Evaluation of Energy Transportation Lew Fulton, University of Alberta, Canada/(2 & 3) Saturday 29th June Problems Towards Asian Countries Chair: David Jones, London IEA, France Decisions! Decisions!/PA Consulting, USA Toshihiko Nakata and Shuichi Ashina, Technology or System? An Assessment The Effects of Fiscal Terms on Oil Field 10.00-12.00 Tohoku University, Japan Kumudu Gunasekera and Adil Najam, Hamilcar Knops and Rudi Hakvoort, of the Relative Value of Developing New Production and Cost Profile Management Optimization for the Operators of Electric Poster Session Four Boston University, USA Delft University of Technology, Netherlands Bus Systems or Putting New Buses on Power Generation Taking Account of Energy & Security in South Asia: Public Service Obligations: David Hawdon and Carol Nakhle, Existing Systems in Developing Cities Authors Present: Distributed Regional Demand in Japan a Multiple Framework Analysis High Potential in Electricity Supply? University of Surrey, UK David Knutsson and Sven Werner, The Impact of Petroleum Taxation on Fields Mark Lijesen and Hein Mannaerts, Shonali Pachauri and Massimo Filippini, Manfred Kleemann and Armin Kraft, Gordon MacKerron, Chalmers University, Sweden Development in the UK North Sea CPB, Netherlands Swiss Federal Institutes of Technology, Research Centre Juelich, Germany NERA, London Potential for Natural Gas Based Carbon Dioxide Differentiation of Electricity Switzerland Energy Saving Potentials in Buildings What Kinds of Energy “Winners” Diderik Lund, CHP Generation in Swedish District Taxes: An Assessment of Environmental and Elasticities of Electricity Demand Through Information Technologies Should Government Pick? University of Oslo, Norway Heating Systems Economic Effects in Urban Indian Households Petroleum Tax reform in Scandinavia Miguel EM Udaeta, ALV Gimenes, Lynne Kiesling and Adrian Moore, Ragnar Tveteras, Frank Asche Perry Sioshansi, Ricardo AV Gimenes and Lineu B dos Reis, Northwestern University, USA Magne Emhjellen and Petter Osmundsen, Menlo Energy Economics, USA Institutional Change and Contestability: Parallel Session Thirteen and Petter Osmundsen, Universidade de Sao Paulo, Brazil Stavanger University College, Norway US Electricity Restructuring Experience: Server for Exclusive Dedication to the Promise and Reality in Electricity Room 18 – OPEC and Related Energy Separate Cash Flow Valuations – Stavanger University College, Norway Energy Taxes and the Structure of Natural Hit and Miss Cyper-Work in Energy Planning Seeking Transmission Policy Security Matters. Applications to Offshore Investment Gas Demand in EU the Sustainable Development Decisions and Tax Design Thomas Sundqvist, Felix Teng and Wu Zongxin, Chair: Feredun Sioshansi, USA Francois Boisseleau, Lulea University of Technology, Sweden Virginie Pignon, Tsinghua University, China Chi-Yuan Liang, Michael D Smith, The Netherlands Competition Authority, Explaining the Disparity of Electricity Universite Paris, France The Role of Responsibility for Academia Sinica, Taiwan BP, UK Externality Estimates Congestion Management Reliability in Power Market The Effect of Petroleum Fund Fee on Netherlands Is a Rise in OPEC's Share of the Global The Relevance of the Relevant Market for in a Regional Power Market Oil Prices and the Economy of Taiwan Norman Duncan, Robert Borgstrom and V Musatescu, Oil Market Inevitable? Market Power in Power Markets NED & Associates, USA Edmar L F de Almeida and Carla S e Silva, Nexant Inc, Romania Donald Jones, Paul N Leiby and Inja K Paik, Chang Youngho and Desmond Lee, The Role of Government UFRJ, Brazil The Role of Government in the Transition Oak Ridge National Laboratory/US Dept. Parallel Session Fifteen National University of Singapore Targets and Challenges of the Regulatory to a Market Economy: The Case of Romania Douwe Kingma and Machiel Mulder, of Energy, USA Breakout Room 22 Price and Load Volatility in Electricity Reform in Brazilian Oil Sector Electric and Gas CPB, Netherlands Oil Price Shocks and the Macroeconomy: – De-Regulation and Re-Regulation Spot Markets Forecasting the Oil Price at Short, Ignacio Contin, Pablo Arocena What has Been Learned Since 1996 Chair: Maureen Crandall, NDU-ICAF Isaac Dyner, Alejandro Uribe Medium and Long Term and Emilio Huerta, Parallel Session Twelve Wumi Iledare, Allan G Pulsipher and Carlos J Franco, Universidad Publica de Navarra, Spain Rod Lemon, Helder Pinto, Breakout Room 23 – Increasing Efficiency and Williams O Olatubi, Universidad Nacional de Colombia, Colombia The Regulation of the Essential Facilities Monmouth College, USA Federal University of Rio de Janeiro of Transport/Energy Use Louisiana State University, USA Simulating Repetitive Games in the Spanish Energy Sectors Lessons Learned from Natural Gas Institutional Designs and Regulatory OPEC Oil Quota Criteria and Global in Electricity Negotiation Chair and Lead Speaker: Deregulation in North America Reforms in the Energy Industries Massimo Filippini, Silvia Banfi Oil Market Stability: Empirical Evidence, Lee Schipper, IEA Reza Fathollahzadeh and Deepak Sharma, and Cornelia Luchsinger, 1982-2003 Ferdinand E Banks, Laura Zoratto, University of Technology, Sydney Swiss Federal Institute of Technology, Fridtjof Unander, Sohbet Karbuz Uppsala Universitet, Sweden UFRJ, Brazil James L Smith, Rationale Behind Electricity Industry Switzerland and Lee Schipper, The Many Faces of European Electric The Impact of the Thermal Electric Southern Methodist University, USA Reform in the ASEAN: A Review Deregulation of the Swiss Electricity Industry: and Gas Deregulation Generation on the Brazilian Trade Balance IEA, France The Saudi Role in OPEC: Behavioural Implication for the Hydropower Sector Manufacturing Energy Use: Impacts from Tests of the Cartel Hypothesis Teimuraz Gochitashvili, Lado Kurdgelasvili, Changes in Structure and Energy Efficiency Mark Franklin, Machiel Mulder, Douwe Kingma, British Energy, UK Georgian International Oil , Mohammad Mazraati Mark Lijesen and Hein Mannaerts, The Market Abuse Licence Condition Georgia/University of Delaware, USA and Golamhosian Hasantash, CPB, Netherlands on Power Generators: A Case Study Comparative Analyses for Russian and IIES, Iran Liberalisation of the Energy Markets: in Energy Regulation Caspian Natural Gas Export to Europe and Dollar Battle An Outlook to 2010 timetable & subjects

25th Annual IAEE International Conference

Fridtjof Unander, Clas Otto Wene Alberto Elizalde Battierra, Tanya Moreno Adam Rose, Derek Salvino and Shu-Yi Liao, Parallel Session 19 Parallel Session 20 Parallel Session 21 and Richard Loulou, Coronado and Joel Hernandez Santoyo, (1 & 2) The Pennsylvania State University/ Breakout Room 18 Breakout Room 23 – Renewables (2) Breakout Room A (Hall A) IEA, France/Chalmers University & IEA/ IFP School and University of Paris IX- California Energy Commission, USA – Market Forces in the EU. – Special Technical Session on GHG Price Chair: Catherine Mitchell, McGill University, France Dauphne/ (2 & 3) National Autonomous Regional Economic Impacts of Electricity Uncertainty and Energy Project Evaluation Chair: Benjamin Hobbs/ University of Warwick, UK Energy Market Perspectives: Where Can University of Mexico, Mexic Service Interruptions in California: Frits van Ostvoorn Chair: the Development of New Technologies Convergence of Natural Gas and Electricity A Computable General Equilibrium Analysis Philip E Lewis, Harri T Luomala David Laughton, Take Us? Use in Mexico: Which Opportunities to Eirik Amundsen and Lars Bergman, and Matthieu Griffioen, Paule Stephenson and S Hurdubetiu, University of Alberta, Canada. Improve Energy Efficiency University of Bergen, Norway/Stockholm University of Vaasa, Finland/CHN Frank Asche, Petter Osmundsen Kingston University UK/ANRE, Romania School of Economics, Sweden University, Netherlands Co-Presenters: and R Tveteras, Hydroelectric Power and Electricity Renewable Energy, Green Certificates and Green by Demand – Increasing Business Rick Hydman, Myles Allen Istavanger University College, Norway Market Design – Strategic Issues 10.45-12.00 Market Power in the Nordic Power Market Customers; Demand for Green Energy and Jonathan Koehler, Price Relationships Between Oil, Gas Parallel Sessions Sixteen to Twenty One Derek Bunn, University of Alberta and CAPP, Canada, and Power: The UK Experiment Richard J Gilbert, Karsten Neuhoff Ashish Rana, PR Shukla and Rajesh Nair, London Business School, UK Oxford University, UK and Cambridge Parallel Session 16 and David M Newbery, (1 & 2) Indian Institute of Management, Rolf Golombek and Sverre AC Kittelsen, Price Modelling and Forecasting with University, UK Room 20 – IT and the Energy Industries. University of Cambridge, UK India/National Institute for Environmental Frisch Centre, Norway the New Electricity Trading Arrangements Mediating Market Power in Networks Long-Run Effects of Liberalising the Energy Chair: David Rose, AUPEC, UK of England and Wales Studies, Japan Analysis of Long-term Scenarios of Energy Markets in Western Europe Olivier Daxhelet and Yves Smears, Carol Dahl and Balazs Nagy, Joseph Doucet and Andrew N Kleit, Market Reforms and Renewable Technologies Electrabel/Universite Catholique F van Oostvoorn, Colorado School of Mines, USA University of Alberta, Canada/The de Louvain, Belgium Hugh Outhred, Muriel Watt, ECN Policy Studies, Netherlands Leading Edge Information Technologies Pennsylvania State University, USA Cross-Border Trade: Impacts of the Liberalisation of Gas for Energy Industries Metering in Electricity Markets: Robert Passey and Karel Nolles, A Two-Stage Equilibrium Model and Electricity Market on the Development When is More Better? The University of New South Wales, Australia of the Florence Regulatory Forum A Review of Australian Initiatives to of CHP in Europe Benoit Esnault, University of Paris Dauphine, France Support Renewable Energy Generation Ben Hobbs, Fieke Rijkers, Adrian Wals Massimo Filippini, Nevenka Hrovatin The Impact of New Economy in the Australian Electricity Industry Parallel Session 18 and Frits van Oostvoorn, and Jelena Zoric, on Energy Value Chains Auditorium, Hall A Energieonderzoek Centrum, Nederlands Kristina Ek, Federal Institute of Technology, Switzerland/ David Rose, – The Macro-Economics of Energy. Spatial Oligoloply and Transmission Lulsa University of Technology, Sweden (2 & 3) University of Ljublana, Slovenia Policy in the Benelux Power Market: Valuing the Environmental Impacts Regulations of the Slovenian Electricity AUPEC, UK Chair: Inje Paik Trends in Information Technology Costs A Conjectured Supply Function Analysis of Renewable Energy: The Case of Distribution Companies: Could the and Investment Levels in the Oil Industry Swedish Yardstick Competition be Applied? Joy Dunkerley, Consultant: Energy Policy and Economic Development: Christoph Weber, Malti Goel, IER, Germany Jorg Buddenberg, V Klevas, E F Dzenajaviciene Challenges and Responses Ministry of Science & Technology, India Electricity Markets: Coping with Price Energy Agency of Lower Saxony, Germany and R Minkstimas, Prospects of E-Transformation Philip Andrews-Speed, Xuanli Liao and Risk Through Integrated Bottom-Up Wind Power in Germany Lithuania Energy Institute, Lithuania in Indian Energy Sector and the Role and Financial Modelling – The Offshore Challenge The Guidelines for Renewable Energy Roland Dannreuther, (1 & 2) of Application Service Projects Integration into Regional University of Dundee, UK/ Development Programmes in Lithuania University of Edinburgh, UK Laura Cozzi, China’s Search for Energy Security: IEA, France Hein Mannaerts and D Kingma, Where Energy Policy and Foreign Policy Meet Is ICT Going to Spur Energy Demand? CPB, Netherlands A Theoretical and Empirical Analysis Green Electricity Production in Willem van Groenendaal, Liberalised European Markets for Tilburn University, Netherlands Iran's Fuel Mix in Perspective Natural Gas and Electricity Parallel Session 17 Hanan Nugroho and Tetsuo Tezuka, Arjen Mulder and Gertjan de Jong, Breakout Room 22, Electricity. Kyoto University, Japan Erasmus University Rotterdam/CMS Derks Conference Objective A look ahead at the changing energy landscape and The Oil Industry: Technology and the resource base. The development Chair: Peter Pearson, London Fossil Fuel Export and the Indonesian Star Pousmann, Netherlands the future role of energy economics across fuels, business segments and of the offshore industry. Taxation. New frontiers. The Future of the North Macroeconomic Adjustment geographies. Sea Industry. Oil price developments and market mechanisms. Minimising Risks in Renewable Reinhard Madlener and Jens Drillisch, Energy Trading: Measures CEPE, Switzerland/ Mitali Das Gupta and Joyashree Roy, Session Themes and Topics IT and the Energy Sector: How has the impact of IT developed, or is in The Netherlands University of Cologne, Germany Jadavpur University, India Renewable Energy: The pace of development of all forms of renewables. the revolution over? The place of e-commerce. The provision of information Tradable Certificate Schemes for Single Understanding the Changing Economic Barriers to development. Technical progress, reduction of costs and by governments and its role. IT and market transparency. IT and its impact Toshihiko Nakata, Alan Lamont Renewable Electricity Technologies: Policy and the Energy Consumption Pattern government incentives. on costs. and Kazuo Kubo, The Case of Small Scale Hydro Power in India The Role of Government: Government regulation in all stages Queries to Tohoku University, Japan Promotion in Austria of the energy industries. The impact of environmental policies on Professor Alexander G Kemp Design for Renewable Energy Systems energy. Taxation of energy. The evolving geopolitics of energy. University of Aberdeen, Department of Economics with Application to Rural Area in Japan Edward Wright Building, Dunbar Street, Aberdeen AB24 3QY Natural Gas: The problems of gas development at global and regional levels. The determination of prices. The reserves position. The place of Tel: +44(0) 1224 272168 Fax: +44(0) 1224 272181 natural gas within the power generation sector. Security of Supply. Email: [email protected] call for papers & scholarships about IAEE, future events & travel

25th Annual IAEE International Conference 25th Annual IAEE International Conference

IAEE Best Student Paper Award Aberdeen IAEE Conference Scholarships available Conference Chair For Travel from Asia or Europe to Aberdeen Professor Alex Kemp, University of Aberdeen Northwest will get you there for less! As the official airline, IAEE is pleased to offer an award for the Best Student Paper IAEE is offering a limited number of student scholarships Programme Co-chairs Northwest/KLM will offer a special discount for international on energy economics in 2002. to the 25th IAEE International Conference. Any student applying Paul Tempest, Neil Atkinson attendees as follows. For the Aberdeen IAEE Conference, to receive scholarship funds should: Northwest/KLM will offer a 10% discount off any applicable The award will consist of a $1000.00 cash prize plus waiver of Committee normal economy, special economy, APEX, Super APEX, conference registration fees. To be considered for the IAEE Best 1) Submit a letter stating that you are a full-time student and are Arild Nystad, Nystad Management AS World Business Class or any other excursion fare published Student Paper Award please follow the below guidelines. not employed full-time. The letter should briefly describe your Leonard L. Coburn, US DOE to Aberdeen. This discount is valid for travel on Northwest/KLM energy interests and tell what you hope to accomplish by Paul Stevens, University of Dundee designated flights from Europe and Asia. • Student must be a member of IAEE attending the conference. The letter should also provide Paul Horsnell, JP Morgan Travellers outside of North America should call their local in good standing. the name and contact information for your main faculty Peter Davies, BP Northwest or KLM office in their city of origin for reservations supervisor or your department chair, and should include Peter Pearson • Submit complete paper by April 30, 2002 and fare information. To receive the special IAEE airfare Neil Atkinson to IAEE Headquarters. a copy of your student identification card. discount you must provide to your travel agent or the Campbell Watkins, Editor, Energy Journal • Paper must be original work by the student (at least 50% Northwest/KLM representative Worldfile # RBACT. 2) Submit a brief letter from a faculty member, preferably your Hoesung Lee, Council on Energy and Environment, Korea of work completed by the student seeking award). main faculty supervisor, indicating your research interests, Michelle Foss, Energy Institute, University of Houston Further, if contacting your local travel agent please make • Submit a letter stating that you are a full-time student and the nature of your academic program, and your academic Jean-Phillipe Cueille, Français du Pétrole sure that the agent adds the Worldfile # RBACT in the ticket are not employed full-time. The letter should briefly describe progress. The faculty member should state whether he or Marianne S Kah, Conoco, Houston designator box after the fare basis code. Please have the agent your energy interests and tell what you hope to accomplish she recommends that you be awarded the scholarship funds. David Williams, IAEE enter the fare basis code, then a (/) followed by the ticket by attending the conference. The letter should also provide designator (NW/KLM Worldfile # RBACT). Also, advise the agent to use your Worldfile number (# RBACT) regardless of the name and contact information of your main faculty IAEE scholarship funds will be used to cover the conference Future USAA/IAEE Events the fare purchased. This will again insure that you receive supervisor or your department chair. Please also, include registration fees for the Aberdeen IAEE International Conference. Annual Conferences the lowest fare applicable at the time of ticketing. a copy of your student identification card. All travel (air/ground) and hotel accommodations, meal costs in addition to conference-provided meals, etc. will be the • Submit a brief letter from a faculty member, preferably October 6-9, 2002 22nd USAA/IAEE North American responsibility of each individual recipient of scholarship funds. your main faculty supervisor, indicating your research interests, Conference Vancouver, British For Travel from North America to Aberdeen the nature of your academic program, and your academic Columbia, Canada, Sheraton Wall Northwest will get you there for less! As the official airline, Completed applications should be submitted to IAEE progress. The faculty member should state whether he Centre Hotel Northwest/KLM will offer a special discount in the form of or she recommends that you be granted the IAEE Best Headquarters office no later than June 5, 2002 for consideration. Association Dollars Off Certificates (ADOCS). Based on a Please mail to: Student Paper Award in 2002. June 5-7, 2003 26th IAEE International Conference, round-trip fare, U.S. originating delegates will receive discounts David L. Williams, Executive Director, Prague, Czech Republic, Dorint Don ranging from $60 to $200 USD. This certificate (mailed to USA Complete applications should be submitted to the IAEE IAEE, 28790 Chagrin Blvd., Suite 350, Giovanni Prague Hotel and Canada members only) entitles up to five (5) passengers Headquarters office no later than April 30, 2002 for consideration. Cleveland, OH 44122. to a discount off a qualifying published Coach class or Please mail to: October 19-21, 2003 23rd USAEE/IAEE North American Business class fare. David L. Williams, Executive Director, Students who do not wish to apply for scholarship funds may Conference, Mexico City, Camino Travellers from USA or Canada should call their local Northwest IAEE Headquarters, 28790 Chagrin Blvd., also attend the conference at the reduced student registration fee. Real Hotel World Meeting & Incentive Reservations at 1-800-328-2111 Suite 350, Cleveland, OH 44122 Please respond to item 1) above to qualify for this special reduced to receive the special IAEE airfare discount. Please reference registration rate. Please note that IAEE reserves the right to verify Worldfile # NY121 to receive your airfare discount. Note: The recipient of the $1000.00 cash prize will receive student status in accepting reduced registration fees. Further, if contacting your local travel agent please make sure notification of this award and be presented the award at the IAEE that the agent adds the Worldfile # NY121 in the ticket designator International Conference in Aberdeen, Scotland. This individual If you have any further questions regarding box after the fare basis code. Please have the agent enter the will also receive a complimentary registration to attend the IAEE’s scholarship program, please do not hesitate to contact: fare basis code, then a (/) followed by the ticket designator meeting. Please note that all travel (ground/air, etc.) and hotel David Williams, IAEE Executive Director, (NW/KLM Worldfile # NY121). Also, advise the agent to use accommodations, meal costs in addition to conference-provided at 216-464-2785 or via e-mail at: [email protected] your Worldfile number (# NY121) regardless of the fare meals, etc., will be the responsibility of the award recipient. purchased. This will again insure that you receive the lowest fare applicable at the time of ticketing. For further questions regarding IAEE’s Best As travellers from USA or Canada you may make your own Paper Award, please do not hesitate to contact flight reservations directly at Northwest’s web site. Please visit David Williams at 216-464-2785 www.nwa.com/travel/reser/ to provide your Worldfile # NY121 or via e-mail at: [email protected] and book your air travel to the Aberdeen IAEE International Conference. Once in the Northwest booking engine, customers follow the “on-screen instructions to book a flight.” When prompted, “Do you have an Electronic Certificate?” please enter # NY121 in the Reference Code Box. Leave the Certificate number prompt blank. hotel booking form registration form

25th Annual IAEE International Conference 25th Annual IAEE International Conference

1). DETAILS: 3). ACCOMMODATION HOTEL DETAILS Aberdeen and Grampian Convention Bureau Ground Transportation Name: (Title, Forename, Surname) AND APPLICABLE RATES * 27 Albyn Place From Aberdeen airport to King’s Hall, University • Aberdeen Marriott, 4 Star, Overton Circle, Dyce, Aberdeen, AB21 7AZ, Aberdeen of Aberdeen, the Holiday Inn (formerly Posthouse Hotel), Tel + 44 (0)1224 770011. The Marriott Hotel is located 3 miles from AB10 1YL and Aberdeen Exhibition and Conference Centre takes Sharing with: (if applicable) Aberdeen Exhibition and Conference Centre (AECC) and 5 miles from Tel: + 44 (0)1224 288815 around 20 minutes by taxi. The fare is around £10. the City Centre. Fax: + 44 (0)1224 581367 The Airport Thistle Hotel is a short walk from the terminal. • Thistle Aberdeen Airport Hotel, 4 star, Argyll Road, Dyce, Aberdeen, The Marriott Hotel is under 10 minutes by taxi from the Address: (for correspondence) AB21 0AF, Tel + 44 (0)1224 725252. The Thistle Aberdeen Airport Hotel Travel Documents airport. Complimentary transportation will be provided is located 4 miles from Aberdeen Exhibition and Conference Centre International delegates to the conference are reminded between the hotels and the Aberdeen Exhibition and (AECC) and 8 miles from the City Centre. to contact their travel agents or preferred airline regarding Conference Centre and also to and from Ardoe House • Holiday Inn (formerly Posthouse Hotel), 3 star, Claymore Drive, Bridge of entry visas to the UK. and the Beach Ballroom. E-Mail Address: (must provide) Don, Aberdeen, AB23 8BL, Tel + 44 0870 400 9046. The Holiday Inn is Daytime Telephone Number: located next door to the Aberdeen Exhibition and Conference Centre Fax Number: (AECC) and 3 miles from the City Centre. • Aberdeen University, King’s Hall, 2 star, College Bounds, Aberdeen, Registration Form Arrival Date: AB24 3TT, Tel + 44 1224 272662. Innovation and Maturity in Energy Markets: Experience and Prospects Departure Date: The University is located 1 mile from both the Aberdeen Exhibition 26-29 June 2002 – Aberdeen Exhibition and Conference Centre, Aberdeen, Scotland Number of Nights: and Conference Centre (AECC) and the City Centre. * Complimentary Transportation from the Marriott, Thistle Hotels and Aberdeen REGISTRATION FEES are payable in advance. Payment may be made by mail to: Fiona Flockhart, IAEE Conference Secretariat, Room 104, University of Aberdeen, 2). ROOM TYPE REQUIRED: (Mark with Cross X) University to the Conference Centre will be provided. The Holiday Inn is located next Regent Walk, Aberdeen AB24 3FX, UK. Fax No. +44 (0) 1224 272576. Email: [email protected] Cheques should be made payable to University of Aberdeen – door to the Conference Centre. single (1 person, 1 bed): double (2 people, 1 bed): twin (2 people, 2 beds): IAEE Conference. Alternatively, registration and payment may be made electronically via the special website http://www.abdn.ac.uk/iaee

received received received after 20th June ACCOMMODATION RATES: type of registration (check which applies) on or before 1st June after 1st June to 20th June and on site fee Dates of conference 26, 27 and 28 June. Below are details of rates during the conference and also detailed pre and post conference rates for each hotel. £ (incl. VAT @17.5%) £ (incl. VAT @17.5%) £ (incl. VAT @17.5%) accommodation Marriott Hotel Thistle Aberdeen Holiday Inn Aberdeen University Paper Authors and Session Chairs (deadline 1st June) 270 available Airport Hotel (formerly Posthouse Hotel) IAEE Members 345 375 410 single rate £70 per night £71 per night £47.50 per night £28.50 per night Non-members (includes membership) 420 450 485 twin/double rate £42.50 per person £38.50 per person £37.50 per person £40.95 per room per night Non-members (without membership) 445 475 510 pre conference rate 22-25 June: £80 per night (single) 23-25 June: £71 per night (single) 21-23 June: £38 per night (single) £28.50 per night (single) Full time students 180 210 220 £45 per person (twin/double) £38.50 per person (twin/double) £28 per person (twin/double) £40.95 per room per night Guests (meal functions only; no meeting sessions) 180 210 220 24-25 June: £58 per room (single) (dependant on availability) Proceedings CD-Rom member 50 50 50 £37.50 per person (twin/double) CD-Rom non-member 75 75 75 post conference rate 29 June: £56 per room (single) 29 June-4 July: £66 per room (single) 29-30 June: £38 per room (single) £28.50 per night (single) £36 per person (twin/double) £36 per person (twin/double) £38 per person (twin/double) £40.95 per room per night Student Scholarship Fund Support 35 35 35 (dependant on availability) Total

4). PREFERRED ACCOMMODATION: 6). CREDIT CARD CONFIRMATION to guarantee reservation: Method of Payment: Address: first choice: (Visa / MasterCard / American Express / Switch). In the event of cancellation, hotel cancellation charges will apply. Please refer to hotel terms and conditions to follow. Cheque (Cheque payable to University of Aberdeen–IAEE Conference) second choice: card number: Credit Card: Visa Master Card Number third choice: expiry date: UUUUswitch issue number: UU City/Country: fourth choice: name on card: Post Code/Zip: ’s date: 5). SPECIAL REQUIREMENTS: Signature Telephone: (e.g.: Non-Smoking) Please note that these requests cannot be guaranteed. Expiry Date: Fax: signature: Last Name: E-mail:

TERMS AND CONDITIONS: • Hotel accounts should be settled in full on departure • No shows at the hotels will be charged for the first nights and cancel within 21-10 days the cancellation fee charged will First Name: At what hotel will you be staying? • Aberdeen and Grampian Convention Bureau are receiving unless alternative arrangements have been made in advance accommodation. No shows at the University shall be charged be 60% of the total cost of the accommodation originally booked all room reservations. Do not make reservations directly with a directly with the hotel concerned for the first 2 nights accommodation. All accommodation •Thistle Aberdeen Airport Hotel – cancellations made within hotel/university, as they will not be honoured. Complete this • Any cancellations should be made in writing through booked shall be released 21 days prior to the conference will be subject to 1.5 days Name for badge: form and return via http://www.abdn.ac.uk/iaee or fax to Aberdeen and Grampian Convention Bureau up to 21 days • If you are unable to arrive on your first night you will be cancellation charge, for example if you book a 5 night stay and +44 (0) 1224 581367 to make your reservation prior to arrival. After this time all amendments/cancellations charged for the accommodation. Please contact the cancel within 21 days the cancellation fee charged will be 1.5 • The rates noted above are per person per night for double/ should be directed to the accommodation provider hotel/university to advise them that your room will be days of the total cost of the accommodation originally booked Guest’s Name for badge (if any): Special Requirements: twin occupancy and per night for single rooms. They include • Bookings made within 21 days prior to arrival should be required for the remainder of the reservation • Aberdeen University – cancellations made prior to the 12 private facilities wc with bath and/or shower facilities, full made directly with the hotels, as outstanding rooms will have CANCELLATION CHARGES: June 2002 will incur no cancellation charges. Cancellations Business Title: CANCELLATIONS/SUBSTITUTIONS Scottish breakfast and VAT at 17.5% unless otherwise stated been released. Rates quoted within 21 days advance of the • Holiday Inn (formerly Posthouse Hotel) – There will be no notified between 12 – 18 June will be charged for the first All cancellations and substitutions must be sent in writing to Pamela Strang, IAEE Conference Secretariat, Room 25, • Accommodation will be allocated on a first come, first conference may be at higher rates. The Conference Organiser cancellation charge made if the room reserved is cancelled 24 nights accommodation. Cancellations on or after 19 June will University of Aberdeen, Regent Walk, Aberdeen AB24 3FX, UK. Cancellations received on or before May 26th are subject served basis. If your preferred accommodation is not available, recommends that you book your hotel stay as early as possible hours prior to the day of arrival. If cancelled less than 24 hours be subject to 1.5 days cancellation charge, for example if you Company/Organisation: to a non-refundable £100 administration fee. Cancellations received after May 26th will be honoured, however, no refund your other choices will be taken into consideration in order • Aberdeen and Grampian Convention Bureau and IAEE/BIEE the first nights accommodation will be charged book a 5 night stay and cancel on or after 19 June the of preference will not be held responsible for cancellation charges levied by • Marriott Hotel – cancellations made within 21 days prior to cancellation fee charged will be 1.5 days of the total cost of the will be made. There will be no refunds for no-shows. There is no exception allowed to this policy. Should you be unable • Aberdeen and Grampian Convention Bureau will send you the hotels, cancellation charges are subject to each hotels own the conference will be charged as follows: 21-10 days – 60%, accommodation originally booked to attend, substitutions may be made to transfer your registration to another member of your organisation at any time confirmation of your booking. This will include full details of terms and conditions and are the responsibility of the 9-3 days – 80%, 2 days-night of – 98%. These charges will apply up to June 20th 2002. the hotels postal address, telephone and fax numbers delegate, not the conference organisers to the total stay booked, for example if you book a 5 night stay social tours

a) A tour arranged for partners during the conference International Association of Energy Economics Conference: 26 - 29 June 2002 Thursday 27 June 2002 Aberdeen City Tour by Coach Sunday 30 June 2002 Fettercairn Distillery & Fasque House For this tour you will be travelling in a comfortable coach and accompanied by an award-winning Tourist Guide. Your route will No trip to Scotland is complete without the chance to discover take you through the bustling city centre with its many elegant granite firsthand the fascinating secrets of the distilling process. Join us buildings, followed by a visit to Old Aberdeen, the home of the c15 to see how it all happens at Fettercairn Distillery, in an area known University where the Chair of Medicine is the oldest in the English- as the Howe of the Mearns. “Howe” is a Scots word meaning hollow speaking world. and refers to the fertile farming area you will discover to the east of Fettercairn, some 30 miles south of Aberdeen. From here you will head for the coast with panoramic views of the North Sea, miles of sandy beach and a fascinating trip round At this distillery you will meet the people who make “Old Fettercairn Aberdeen Harbour, one of the most modern ports in Europe. Moving Single Malt Whisky”, listen to the story – from 1824 to the present – south, your tour now enters its final stages with spectacular views of of the history of life in the Mearns and how farming and whisky an intriguing and distinct city skyline, a short drive along the tranquil production have gone hand-in-hand. Last but not least, you will have River Dee and a visit to Duthie Park with superb displays of exotic the unique opportunity to enjoy a “dram” of Scotland’s national flowers in the Winter Gardens. drink – often referred to as the “water of life”. Booking Information: From the distillery we move on a short distance to Fasque House, Timing: 09.30 to 13.00 hrs. a c19 building set in outstanding countryside. Fasque House is a Cost: £15 spectacular example of a Victorian “upstairs downstairs” stately home Pick-up: Conference Centre where almost nothing has been thrown away during the past 150 Drop-off: Conference hotels years. Built in 1809, the house was bought by Sir John, father of the Maximum numbers – 23 four times UK Prime Minister who spent Enquiries and Booking: Pam Wells much of his early life here. Inside little has changed – not a museum email: [email protected] but an unspoilt old family home awaits you! website: www.pamwells.com As you explore this fascinating itinerary, you will be accompanied by an award-winning “Blue Badge” Scottish Tour Guide. Lunch, at your b) Post Conference Tour Options own expense, will be arranged at a local pub between the two visits.

Saturday 29 June 2002 Booking Information: Aberdeen to Crathes Castle Timing: 09.30 to 16.00 hrs. Pick-up/drop-off points: Conference hotels A superb opportunity not to be missed while you spend time Cost per person: £22 (plus lunch at own expense) with us here in the north east of Scotland, is a visit to Royal Deeside. Maximum numbers – 48 Combine this with a visit to one of the National Trust for Scotland's Enquiries and Booking: Pam Wells excellent properties - Crathes Castle - and you have the recipe for email: [email protected] a perfect afternoon. website: www.pamwells.com Home to the Burnett family for four centuries, this c.l6th century castle with its fairytale turrets, wonderful interiors, mysterious Technical Tour “Green Lady” ghost and fascinating walled garden has something of interest for everyone. Perhaps you will actually see or even A conducted site visit of one hour has been arranged to the drilling “feel” the presence of the Crathes ghost! rig located very close to the Conference Centre. This is a landrig with simulator used for experimental purposes. The tour will take place After you have enjoyed exploring the castle with its beautifully laid on Saturday 29th at 14.00 leaving from the entrance hall of the out gardens, there is much more besides – an exhibition featuring the conference centre. Burnetts, woodland walks, a shop offering exclusive gifts & souvenirs & the atmospheric restaurant converted from the Old Horsemill. Please inform Fiona Flockhart at Your route for this afternoon follows the North and South Deeside [email protected] if you wish to attend. Roads with their many glimpses of wonderful, wooded countryside alongside the clear sparkling River Dee. Again you will be accompanied by a “Blue Badge” Scottish Tour Guide.

Booking Information: Timing: 14.00 to 18.00 hrs. Pick-up: Conference Centre Drop-off: Conference hotels Cost: £16.50 Maximum numbers – 48 Enquiries and Booking: Pam Wells email: [email protected] website: www.pamwells.com