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On September 7, 2010, the Program on Energy and Sustainable Development in collaboration with the Stanford University's Graduate School of Business and Stanford Law School hosted an all-day conference on "Climate Policy Instruments in the Real World" in the Bechtel Conference Center. This conference featured presentations by leading researchers on the political, economic, and regulatory challenges associated with major climate policy instruments.
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PESD Director Frank Wolak delivered his presentation on "Symmetric Treatment of Load and Generation: A Necessary Condition for Demand Response to Benefit Wholesale Market Efficiency and Manage Intermittency" in his keynote for Agrion's "The Missing Link: Constructing a Dynamic Pricing Plan for a Smarter Grid" event on June 9, 2010.
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California is like many states whose electricity customers are still protected by real-time price risk through fixed retail price.  This fixed retail price, however, restricts the consumer's ability to save money by reducing consumption during peak hours. 

Those queasy about allowing or subjecting customers' to dynamic pricing are up for a fight; major technological barriers to dynamic pricing will soon be eliminated as all three of California's IOUs will have interval meters.  The Home Area Network segment of the Smart Grid Ecosystem Broadband Plan includes some strong words for State PUCs, urging them to in turn push utilities to deliver real time pricing data to consumers.  What remains to be seem is: What set of pricing plans would satisfy both HAN vendors and the PUCs?

Panel discussion topics:

  • Is some dynamic pricing available?
  • What will the plans look like?
  • Research questions
  • What set of pricing plans would satisfy both HAN vendors and the PUCs?

Westin Hotel
Palo Alto, CA

Stanford University 
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579 Jane Stanford Way Stanford, CA 94305-6072 

Website: https://fawolak.org/

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Senior Fellow at the Freeman Spogli Institute for International Studies
Holbrook Working Professor of Commodity Price Studies in Economics
Senior Fellow, by courtesy, at the Stanford Institute for Economic Policy Research
frank_wolak_033.jpg MS, PhD

Frank A. Wolak is a Professor in the Department of Economics at Stanford University. His fields of specialization are Industrial Organization and Econometric Theory. His recent work studies methods for introducing competition into infrastructure industries -- telecommunications, electricity, water delivery and postal delivery services -- and on assessing the impacts of these competition policies on consumer and producer welfare. He is the Chairman of the Market Surveillance Committee of the California Independent System Operator for electricity supply industry in California. He is a visiting scholar at University of California Energy Institute and a Research Associate of the National Bureau of Economic Research (NBER).

Professor Wolak received his Ph.D. and M.S. from Harvard University and his B.A. from Rice University.

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STANFORD, CA—In commemoration of the sixtieth anniversary of the outbreak of the Korean War on June 25, 1950, Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) is hosting a number of special events.

On May 27, Shorenstein APARC will pre-screen a major new South Korea film, "Into the Fire." Set in the desperate early days of the Korean War, the drama is based on actual events involving South Korean high school students defending the port of Pohang against advancing North Korean regular forces. The film is scheduled for commercial release in South Korea in June.

Immediately following the pre-screening, Shorenstein APARC will host a panel discussion about the film and the Korean War. Panelists will be the director, New York University-trained John H. Lee; actor Kwon Sang-woo; Scott Foundas, Associate Program Director, Film Society of Lincoln Center, and Contributing Editor, Film Comment; Kyung Hyun Kim, Associate Professor, East Asian Languages & Literature, and Film & Media Studies, University of California, Irvine; Chi-hui Yang, Director, San Francisco International Asian American Film Festival; and John R. Stevens, Lt. Col. USMC (ret), Commanding Officer of Able Company, 1st Battalion, 5th Marines, when the 1st Marine Brigade arrived in Pusan on August 2, 1950. Daniel C. Sneider, Associate Director for Research at Shorenstein APARC, will moderate the discussion.

The film pre-screening and panel discussion will both take place in Cubberley Auditorium on campus, beginning at 6:00 P.M. Also, on the evening of the pre-screening, photographs taken in and near Pohang during the time of the events portrayed in the film will be exhibited in the lobby of Cubberley Auditorium, courtesy of the South Korean embassy in Washington, D. C., and the War Memorial of Korea, in Seoul.

On May 28, Shorenstein APARC’s Korean Studies Program will host a lecture by Bruce Cumings, Professor and Chairman of the History Department, University of Chicago, on "The Korean War After 60 Years: History and Memory in Korea and the United States." To attend, registration is required by 5:00 P.M. on May 25.

Shorenstein APARC’s director, Professor Gi-Wook Shin, commented: "The Korean War is often referred to as ‘the forgotten war,' but th at is not the case. As we can see from the rapidly unfolding events on the Korean Peninsula in the wake of the sinking of South Korean naval vessel Cheonan, the Korean War is actually ‘the unending war.'" He said that the pre-screening of "Into the Fire," the panel discussion, and the Korean War lecture are intended to recall the significance of the Korean War and underline the magnitude of current issues on the peninsula.  Noting that Shorenstein APARC has conducted a great deal of research and offered policy recommendations on U.S.-Korean relations, Professor Shin said that the pre-screening of "Into the Fire" was also intended to contribute to increased cultural exchanges between the United States and South Korea. Shorenstein APARC has organized similar events, including the screening of Clint Eastwood’s film "Letter from Iwo Jima," which was also followed by a discussion with the director. Shorenstein APARC also hosts speeches by major figures in U.S.-Korean relations, including last year’s address by former ruling party leader Madam Park Geun-hye.

Shorenstein APARC is a unique Stanford University institution focused on the interdisciplinary study of contemporary Asia. Shorenstein APARC’s mission is to produce and publish outstanding interdisciplinary, Asia-Pacific–focused research; educate students, scholars, and corporate and governmental affiliates; promote constructive interaction to influence U.S. policy toward the Asia-Pacific, and guide Asian nations on key issues of societal transition, development, U.S.-Asia relations, and regional cooperation.  Shorenstein APARC’s research spans the worlds of scholarship, business, and government, and cuts across traditional academic disciplines to provide broad, deep perspective.

The Center supports many ongoing projects, and also launches new studies every year to respond to its primary research goals. All projects are interdisciplinary and collaborative, involving faculty, students, and experts at Stanford, across the United States and around the globe. New projects currently under way consider topics ranging from nationalism in Asia and regionalism in Southeast Asia to the rise of high technology in Greater China, outsourcing to Southeast Asia, and globalization in Korea.

The Stanford Korea Program was formally established in 2001 at the Asia-Pacific Research Center (APARC) with the appointment of Professor Gi-Wook Shin, as the founding director. The Stanford KSP offers courses on Korea, hosts seminars related to the study of Korea, sponsors workshops and conferences, conducts research projects, supports fellowships, and collaborates with a broad range of visiting scholars. Stanford KSP also works closely with Stanford's Center for East Asian Studies (CEAS), which offers a Master's Degree in East Asian Studies with a specialty in Korea.

Stanford KSP's many activities include the "New Beginnings" policy research study group on U.S.-Korean relations, which since 2008 has made annual recommendations to the United States government on strengthening bilateral ties. Stanford KSP has an active program of visiting senior Korean officials and scholars. In recent years, visitors have included Hyong O Kim, speaker of the National Assembly; Sei Hoon Won, head of the National Intelligence Service; Won Soon Park, Executive Director, The Hope Institute; Seoul National University Professor Se-Il Park; Seoul National University Professor (and former foreign minister) Young-Kwan Yoon; Jong Seok Lee, Senior Fellow, Sejong Institute (and former unification minister); and General (ret.) Byung Kwan Kim, former Deputy Commander, ROK-U.S. Combined Forces Command. Visiting scholars currently include Byongwon Bahk, a former vice minister of finance and former senior secretary to the President for economic affairs.

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