Understanding Electricity Market Regulations &Amp; Economic Regulatory Analysis
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COURSE DATES AND LOCATIONS
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INTRODUCTION
Economic regulation is needed in areas where no functional competition is possible. For example, electricity networks constitute a natural monopoly and requires regulation to limit monopoly pricing and to set incentives for efficient performance.
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COURSE OBJECTIVES
By the end of the course, you‘ll be able to:
- How energy markets operate, including regulation and market organization;
- To identify different market models and understand what affects the operation of the electricity sector;
- Why policy makers need to incentivize investment and how it can be done;
- How the electricity network operates and how network tariffs are determined.
- understand the regulatory fundamentals and obtain an enhanced understanding of the price regulation methods
- become familiar with the technical details used in the regulatory revenue settings, cost of capital, efficiency analysis and quality of supply regulation
- be trained in the area of electricity pricing including servicing the whole electricity industry.
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COURSE AUDIENCE
This course is made for
- Everyone involved in regulated electricity industry e.g. employees of regulated companies, investors, representatives of industry associations, staff of regulatory authorities, officials from policy making institutions.
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COURSE OUTLINE
Day One
- Key elements of energy marketsAn introduction to the basics of energy markets, the main players and how market organization, regulation and liberalization affect the energy market.
Day Two
- Different types of market models and what effects the energy marketThe different models for energy market structure are described and the importance of time and geographical dependence as they affect energy markets.
Day Three
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- The economics of generation investment and capacity mechanismsAn introduction to the problems that occur with investment in energy generation and potential solutions in both the current energy system and renewable-energy-based systems.
Day Four
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- Energy Networks and congestion managementThe energy network and how it recovers its costs in the EU as well as looking at congestion management across borders.
Day Five
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- Case review
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