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.

A focused course on capital expenditure review and assessment tools covering regulatory measures to review and approve the reasonableness of capex plans submitted by licensees. Topics include Regulatory Asset Base (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: 2 days.

This focused course examines regulatory considerations in assessing the weighted average cost of capital for regulated infrastructure. It covers methodologies for assessing the cost of debt, appropriate gearing levels, and regulatory approaches to estimating the cost of equity, with particular emphasis on CAPM. Duration: 2 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.