The training portfolio entails ERRA Summer School and two major training tracks:
- Regulation in Energy Transition
- Economic Regulation of the Energy Sector
Each track consists of four well-structured modules, with each module building on previously acquired knowledge and skills, ensuring a strong foundation for capacity development.
The modular approach allows participants to:
- plan ahead and schedule the different modules in advance;
- support career path planning;
- obtain the ERRA Certified Energy Regulator Certificate through a well-structured and planned learning trajectory.
ERRA Track A | Regulation in Energy Transition
No. 1 Power Basics: System Fundamentals for Energy Sector's Economic
The "Power Basics" course is mainly intended for non-engineers, to grasp the essential of the power and gas systems functioning. It covers all the technical basics of power Basics, generation mix evolution (from thermal to renewables), system operation challenges with variable generation, grid stability and frequency management, balancing mechanisms and flexibility requirements. It includes two sessions, for power ystem and for gas system, that can be attended ointly or separately (2 days each; the full course covers 5 days with a site visit included).
No. 2 Renewable Energy Integration and Support Schemes
The Course on renewable energy Integration and support schems is an advanced course covering renewable energy technologies and cost structures, feed-in tariffs vs auctions vs contracts-for-difference, capacity remuneration mechanisms, grid connection frameworks, regulatory frameworks for managing curtailment and negative prices, renewable PPAs between RES producers and corporate off-takers. Duration is 3 days.
No. 3 Impact on Grids and Markets, and Flexibility
The Flexibility course is an advanced ERRA course focusing on the impact of renewables on grids and regulatory considerations in several related topics as: demand-side flexibility and demand response programs, energy storage technologies and business models, market design for storage and flexibility services, carbon pricing and emissions trading, electric vehicles and smart charging, prosumer participation and distributed energy resources. Duration is 3 days.
No. 4 Future Energy Systems and Decarbonization Pathways
Traditional "vertically-oriented" sectoral regulation risks to be inadequate for modern power systems under the challenge of energy transition. This new ERRA course looks at "on-the-edge" issues, like role of hydrogen and synthetic fuels, future of natural gas networks, sector coupling (power-to-heat, power-to-gas), long-tern system planning for net-zero, regulatory frameworks for innovation, just transition considerations. Duration is 2 days.
ERRA Track B | Economic Regulation of the Energy Sector
No. 1 Principles of Economic Regulation
The tariff regulation course is the central anchor of the economic regulation training package. It covers all of the topic in the training programme on a higher level, while focusing on the principles of economic regulation, applied regulatory models, the building-block approach to revenue-setting and revenue determinants. It also provides introductory principles of cost-allocation, tariff structure and tariff design. Duration is 4 days.
No. 2 Capital Expenditure (CAPEX) Review and Assessment Tools
The course on capital expenditure review and assessment tools is an advanced course covering regulatory measures to review and approve the reasonableness of capex plans submitted by licensees. The course covers RAB valuation methods, integration of RAB in the Allowed Revenues of licensees, financial and economic tests applied to capex plans and efficiency analysis used in economic regulation. Duration is 2 days.
No. 3 Financing The Future Grid: An Efficient WACC for the Energy Transition
The WACC course is an advanced ERRA course focusing on regulatory considerations in assessing the weighted average cost of capital for regulated infrastructure. The course covers methods applied to assessing the cost of debt, appropriate levels of gearing and regulatory approaches towards estimating the cost of equity with a specific focus on CAPM. Duration is 2 days.
No. 4 Future-Proof End-Use Tariff Regulation and Retails Supply Regulation
Traditional tariff structures are increasingly inadequate for modern power systems, which are accommodating increasing shares of renewable energy, electrifying end-users and accommodating distributed energy resources. The ERRA course on electricity tariff design will guide participants through the key principles of modern tariff design – looking beyond cost recovery, cost-reflectivity and economic efficiency – into fairness, capacity tariffs, dynamic tariffs and alternative structures adequate for grids of the future. Duration is 3 days.
Important: The building block approach does not require participants to take all modules, nor does it prevent them from enrolling in a specific module without completing the previous ones. The program remains flexible, allowing participants to choose the modules that best fit their needs.
Announcement of annual course calendar and pre-booking:
- The courses will be announced based on an annual training calendar published well in advance
- Registration will be based on a pre-booking system as courses are subject to a minimum number of participants. Pre-booking shall be made by a certain deadline (available in the course calendar). Decision about the launch of the course will be made based on the status of pre-booking. Pre-booking will be available on preferential, early bird rates.
Upcoming Trainings
23rd ERRA Annual Conference
The ERRA Annual Conference brings together national energy regulators, utility leaders, investors, top-tier consultants, and academics for high-level dialogue on the evolving landscape of energy markets. The event fosters strategic discussions and regulatory insights that help shape the future of the sector.
Executive Seminar for Newly Appointed Energy Regulators: Executives and Commissioners
The program will equip leaders with a comprehensive and premier view of the latest energy sector trends and bring up to speed with current discourse on the future of the energy markets.
Setting the Weighted Average Cost of Capital (WACC)
This course reviews one of the most critical regulatory determinations in the tariff setting process – the weighted average cost of capital (WACC).
ERRA Summer School: Introduction to Energy Regulation
The ERRA Summer School is a foundational training program that serves as an essential resource for understanding the complexities of energy markets, regulatory frameworks. classical and newly emerging roles of energy regulators.
