ERRA Summer School: Introduction to Energy Regulation

Summer School: Introduction to Energy Regulation banner

Course Outline
Agenda
Instructors
Testimonials

ERRA’s flagship event is a „must” for junior regulatory staff as it lays the foundations on the basic principles of regulation including different regulatory models, market structures, price and tariff regulation and recent technology drivers transforming our sectors.

Apart from covering regulatory models and the evolving role of regulators in a transforming energy landscape, the course will also focus on the issue of integration of renewables in the mix and technology drivers of this transformation. Latest gas market developments will also be looked at, covering gas infrastructure regulation and the value chain of international gas markets.

After attending the ERRA Summer School you will return back to work with:

the role of regulators and familiarity with the theory and institutions of regulation
advantages and disadvantages of the various wholesale market design
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
challenges of integrating renewable energy, including PPAs and auction designs
understanding impacts of the energy transition on energy regulators
introduction to grid development and grid management

Course Agenda

1Day 1: ROLE AND FUNCTIONS OF THE REGULATOR

The first day of the course will set the scene of 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. Then 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.

2Day 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 tariff setting.

3Day 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.

4Day 4: COMPETITION AND REGULATION IN ELECTRICITY MARKETS

The fourth day 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. We will also look into the challenges the deployment of RES generators entails, and also to a very connected issue of how to develop the networks to integrate intermittent renewables into the power system.

5Day 5: SOLUTIONS IN THE ENERGY TRANSITION PROCESS; CASE STUDY: TÜRKIYE

On the last day of the ERRA Summer School will learn about specific issues of the energy transition, e.g. how to transform a single buyer model to a more competitive one, and how renewable based power generation could be procured in a non-liberalized sector environment.

6COMPLETION

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.