Joint Webinar: The Regulatory Role in Supporting Cybersecurity Investments

June 17, 2020 // 15:00 - 16:30 CEST

This webinar is the second from the Webinar Series on Implications of the Global Pandemic on Tariff Design and Utility Finances.

Experts have warned of an increase in cybersecurity threats as the COVID-19 pandemic creates opportunities for malign actors to increase their cyberattacks. Vulnerabilities have also increased as resources continue to be limited, and software updates become less frequent. As such, it is even more important for regulators and utilities to further cooperate and employ necessary cybersecurity investments during this time, despite the financial and resource constraints.
 
During this portion of the webinar series, NARUC will present its groundbreaking report, Evaluating the Prudency of Cybersecurity Investments: Guidelines for Energy Regulators, funded by the U.S. Agency for International Development (USAID). While the implementation of cybersecurity measures is typically the responsibility of power system operators, regulators have an obligation to ensure that investments made in the name of cybersecurity are reasonable, prudent, and effective. These guidelines are intended to assist regulators in defining tariffs by establishing a regulatory approach to enhance the cybersecurity stance of their power systems.


The objective of this webinar series is to examine how regulators can consider the short and long-term implications of the COVID-19 global pandemic on the energy sector, with respect to tariff design and consideration of the financial status of utilities.
 
This series will discuss the practical tariff treatments that regulators can consider as the impacts of the pandemic continue to play out.  Whether the sector is unbundled or vertically integrated, all utilities are facing issues that have never been encountered before. The expert panelists will contextualize a variety of tariff-related issues and potential treatments, discussing the implications regulators should consider. For example, while deferrals on payments provide relief for consumers (which may be prudent given the massive unemployment resulting from COVID-19), utilities need to avoid being put into a situation that potentially harms their long-term economic viability.  

Program/ Speakers

Webinar timings: 15:00 - 16:30 CEST (GMT +2, Budapest). Click here to convert to your time zone.


15:05      Welcome and Introductions
 
  • Commissioner Daniel Scripps, Michigan Public Service Commission
15:10 USAID Opening Remarks 
 
  • Mr. Steven Burns, Chief, Energy and Infrastructure, Bureau for Europe and Eurasia, U.S. Agency for International Development
15:15 Introduction of the Guidelines
 

Moderator:

  • Commissioner Daniel Scripps, Michigan Public Service Commission

Guest Speakers:

  • Ms. Elena Ragazzi, Senior Researcher, Research Institute on Sustainable Economic Growth (IRCRES), Italy
  • Mr. Stefano Bracco, ACER-CEER Cyber Security Co-Chair, Slovenia
  • Mr. Ymer Rudari, Pricing and Tariff Analyst, Energy Regulatory Office, Kosovo
15:50 Facilitated Q&A
 

Moderator:

  • Commissioner Daniel Scripps, Michigan Public Service Commission
16:30 Adjourn

Webinar Registration

For registration please follow this link >>>

 


This webinar series is made possible by the generous support of the American people through the United States Agency for International Development (USAID) and in cooperation with the Council of European Energy Regulators (CEER) and the Energy Regulators Regional Association (ERRA). The contents are the responsibility of the National Association of Regulatory Utility Commissioners (NARUC) and do not necessarily reflect the views of USAID or the United States Government.