Setting the Weighted Average Cost of Capital (WACC) Setting the Weighted Average Cost of Capital (WACC) Setting the Weighted Average Cost of Capital (WACC) Setting the Weighted Average Cost of Capital (WACC) 
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Setting the Weighted Average Cost of Capital (WACC) Training lead
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  • Course Outline

  • Instructors

  • Travel/Venue

    Course Outline

    The ERRA training course on Setting the Weighted Average Cost of Capital (WACC) will review one of the most important regulatory determinations in the tariff-setting process. Regulators use the WACC to estimate the efficient cost of capital which provides debt and equity of the regulated utility a return equivalent to the risk they assume by investing in the infrastructure. In regulated networks, the WACC contributes to the allowed return of the regulated utilities, one of the largest revenue blocks and therefore the largest contributor to the costs. In the current context where we have to ramp up investments to accommodate the energy transition, it is of vital importance to set a WACC which is sufficient to attract capital yet is efficient and affordable.

    The training will feature theoretical and practical discussions determining the cost of debt and cost of equity of regulated licensees, and the manner in which these are optimally weighted to ensure an efficient and sustainable financing structure. We will cover the various forms of WACC (pre-tax, post-tax, vanilla, real or nominal) and address the advantages and setbacks they present. These discussions will be coupled with excel exercises and case-study examples from regulatory precedents to add to the practical learning experience.


    The course is now eligible for ERRA Certified Energy Regulator (CER) credits. 5 CER credits will be awarded to those participants who successfully completed the course.  Learn more about ERRA Certified Energy Regulator Programme.

     

    Course Faculty Team

    Setting the Weighted Average Cost of Capital (WACC) 

    Ardian
    Berisha

    Course Director


    Regulation and Training Expert, ERRA
    Haralambopoulos_Nick_new_200px

    Nick
    Haralambopoulos

    Course Instructor


    Director, Economic Consulting Associates (ECA) Ltd., UK
    Chitidze_Gocha_200px

    Gocha
    Chitidze

    Course Instructor


    Director of Tariffs and Economic Analysis Department, GNERC Georgia
    I thoroughly enjoyed the course and the course content. The instructors are qualified subject matter experts who apply a great deal of detail in communicating difficult concepts and so make learning a lot easier. Participant of the 2021 training course
    This course was very useful and effective for me. I will use the knowledge gained in my work. Tamika Chevallier, Regulated Industries Commission, Trinidad and Tobago
    88%

    overall rating of the course

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