ERRA Summer School: Introduction to Energy Regulation

Summer School: Introduction to Energy Regulation banner

Agenda
Instructors
Testimonials

ERRA’s flagship training – Introduction to Energy Regulation – is a „must” for junior energy regulatory staff as it presents and discusses the basic principles of regulation, including various regulatory models, market structures, price and tariff regulation and recent technology drivers transforming our sectors. The course, also known as the ERRA Summer School, is also practical for more senior, specialised experts as it allows them to take a step back and see a wider regulatory perspective, particularly when it comes to the latest trends in the sector.

The course not only elaborates regulatory models and the evolving role of regulators in a transforming energy landscape, but will also focus on the legal aspects of long-term contracting in both natural gas and power sectors:

From the power sector perspective, the emphasis will be put on the corporate Power Purchasing Agreements (PPAs), helping green contracting for the off-takers in their energy procurement. Technology drivers, such as storage, enabling Demand Side Flexibility and the role of new actors - aggregators and energy communities - will also be covered as a part on the energy transformation process.
In terms of the natural gas sector, the course will analyse the latest gas market developments in details, covering gas infrastructure regulation and the value chain of international gas markets.

ERRA Summer School alumni return to work equipped with the following knowledge:

the role of regulators and familiarity with the theory and institutions of regulation
advantages and disadvantages of the various wholesale market designs
principles of calculating prices and tariffs in the energy sector
regulatory roles in increasing competition levels in wholesale energy markets
the value chain, market structure and regulation of natural gas markets – including LNG markets
economic and legal challenges of the new type of contracting in the natural gas and power markets
understanding the impacts of the energy transition on energy regulators, with the latest trends
introduction to grid development and grid management principles in the future power systems characterised by high share of generation from renewable energy sources

The course eligible for 10 CER credits. Please refer to the Certified Energy Regulator (CER) Programme for more details.

The program is available to classroom and remote participants parallel. Thus, if you cannot travel to Budapest for any reason, you do not need to miss this unique learning opportunity, you can sign up for online participation.

Course Agenda

1INTRODUCTION SESSION 1 (online)

The first online intro session of the course will set the scene for regulation in the energy sector. We will focus on the fundamental principles and institutions of regulation and introduce the various roles the regulator assumes in the process.

2INTRODUCTION SESSION 2 (online)

In the second online intro session, we take an overview of the terminology and national energy accounts used in the sector, as well as the economic fundamentals of regulating energy sector monopolies.

3Day 1: COMPETITION AND REGULATION IN ELECTRICITY MARKETS

The first day of the course will be dedicated to the regulation of wholesale electricity markets, focusing on the regulatory practices ensuring competitive price setting in these markets. Electricity market integration is an important tool in safeguarding the competition in these markets and allow for price equalisation in the markets, which brings welfare improvement to the consumers. We will also look into the challenges of the future targets of Net Zero power systems, including the deployment of RES generators and their system integration.

4Day 2: PRICE AND TARIFF REGULATION IN THE ELECTRICITY MARKETS

The second day will focus on Price and Tariff regulation; on the fundamentals of the electricity tariff regulation, covering the asset base determination as well as the cost-plus tariff setting methodology and the Incentive price regulation: Some time will be dedicated to Retail Price Regulation as it became a hot topic in the recent volatile price period. With a price regulation exercise, participants will make their own calculation on price setting.

5Day 3: COMPETITION AND REGULATION IN THE GAS MARKETS

The third day is devoted to the operation and regulation of natural gas markets, focusing on the value chain and pricing mechanisms in the international markets, being pipeline transited or LNG based sources. We also look at the changing future development of natural gas markets in a decarbonised world. We will dedicate time to gas market related. Hot topics on high gas price environment in Europe and look at the regulatory interventions to treat the volatile price environment impact on the gas markets.

6Day 4: LONG-TERM CONTRACTS IN GAS AND ELECTRICITY MARKETS – ROLE OF PPAs – NEW ACTORS, AND THEIR ROLE IN NEW MARKET SEGMENTS

The high price volatility in the last years has changed long-term contracting in both gas and electricity markets. While in gas markets LTCs are in a direction of shorter duration and less restricting clauses, while RES PPAs open new directions in longer-term commitments amongst actors, but price and off-taker risks need to be handled with care. In the afternoon we take a closer look at the emerging new actors as well as the role of energy storage.

7Day 5: SOLUTIONS IN THE ENERGY TRANSITION PROCESS

On the last day of the ERRA Summer School will learn about specific issues of the energy transition, e.g. how demand side flexibility and changing grid regulation can help to cope with the increasing demand driven by electrification and sector coupling. We also have a look at the roles of the prosumers, as new actors in the energy transition process.

8COMPLETION

10 CER credits will be awarded to those participants who successfully completed the course. Learn more about the ERRA Certified Energy Regulator Programme.

For detailed agenda please contact the ERRA Secretariat.

Course Faculty Team

Student Testimonials

Mr. Meysam Aboutalebi, Doctoral Research Fellow, University of Oslo

Interested in other topics?

Check our upcoming training courses and webinars in energy regulation.

Course Agenda

Course Faculty Team

László Szabó

Ardian Berisha

Bram Claeys

Anders P. Houmoller

Péter Kotek

Anish Mandal

Alda Ozola

Ana Stanic

Balázs Telek

Student Testimonials

Interested in other topics?