This course serves as the cornerstone of the economic regulation training track. It provides a high level overview of the full programme while focusing on the principles of economic regulation, applied regulatory models, and the building block approach to revenue setting and revenue determinants. It also introduces key concepts of cost allocation, tariff structures, and tariff design. Duration: 4 days

Traditional tariff structures are increasingly unfit for modern power systems integrating high shares of renewables, electrifying end users, and accommodating distributed energy resources. This advanced course guides participants through the principles of modern tariff design - looking beyond cost recovery, cost reflectivity, and economic efficiency to address capacity based tariffs, dynamic tariffs, and alternative structures adequate for the grids of the future. Duration: 3 days