Online Training "Summer" School: Introduction to Energy Regulation
The course will provide participants with an overview of the global trends of the energy sector regulation from a ’smart perspective’. Besides covering regulatory models and the changing role of regulators in a transforming sector, the course will also focus on the issues of the integration of renewables and the technology drivers of this transformation. The course achieves this through an instructor-led collaborative e-learning platform that features a combination of real-time interactive presentations, excel based exercises, online tutoring at pre-announced times, reading material related to the course modules and weekly exercises coupled with homework assignments. The course will last a total of 5 weeks.
What you will learn in 5 weeks:
- the main principles and institutions of regulation applied in power and gas markets
- the fundamentals of price and tariff regulations
- the functioning of wholesale electricity markets ensuring competition in restructured electricity markets
- global gas market trends and its main drivers
- best practices of renewable energy integration to energy markets
- the future trends and drivers of electricity grid development
You will return back to work with:
- familiarity with the advantages and disadvantages of the various wholesale market design and the role of regulation (and regulators) under various models
- understanding the principles of calculating prices and tariffs in the energy sector
- awareness of regulatory roles in increasing competition levels in wholesale energy markets
- information on the global trends in natural gas markets – including LNG markets
- knowledge about the main types of support schemes applied globally for promoting renewable energy, including auction designs
- information on the drivers in providing flexibility in the DSO networks and the role of demand response in electricity markets
Week 1: NOVEMBER 2-6, 2020
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.
In the second day we zoom into the various regulatory challenges the emerging economies face in the energy transition process and take an overview of the terminology and national energy accounts used in the sector.
Week 2: NOVEMBER 9-13, 2020
Price and Tariff Regulation I.:
The first day of the Price and Tariff regulation module will focus on the fundamentals of the electricity tariff regulation, covering the asset base determination as well as the cost-plus tariff setting methodology.
Price and Tariff Regulation II.:
The second day of the Price and Tariff module will cover the various forms of incentive regulation and will also give a hands-on exercise on the price regulation, where participants learn how it works in a practical exercise.
Week 3: NOVEMBER 16-20, 2020
Competition and Regulation in Electricity Markets:
With the help of the Latvian PUC chairman, we will assess how can competition be ensured in various segments of the electricity markets and will learn what is the role of regulation in this process. Also, the main issues of cross-border trade and market integration will be covered.
Competition and Regulation in Gas Markets:
The sixth day of the course will be fully dedicated to the natural gas markets giving the examples of the European gas market regulation and challenges and also covering the global and LNG markets.
Week 4: NOVEMBER 23-27, 2020
Energy Transition: Drivers and Solutions:
Both developed and emerging markets face shared energy transition challenges driven by the decarbonisation and climate related objectives. The main drivers of this process and also solutions from both the supply and demand side will be introduced in this day.
Integrating Renewable Energy -Regulatory Challenges:
Renewable technologies transform the power market operations and present new challenges for the sector: integration of these technologies, as well as ensuring efficiency in support schemes. These are challenges, where regulators have their own specific tasks. A useful calculation tool (LCOE) will also be introduced, which helps to compare the competitiveness of the RES based electricity generation. The participants can try their own LCOE calculation skills in the weekly exercise.
Week 5: NOVEMBER 30-December 4, 2020
The future of Power Networks:
This day is dedicated to the future trends in the electricity network developments and to its regulation. We will learn how system flexibility in the DSO network can be maintained with increased use of weather dependent renewables.
Case Studies from Emerging Markets:
The last day will be dedicated to specific country case studies from energy markets. Renewable tendering in Oman and the wholesale market reform in Georgia will be introduced by national experts/regulators.
Course Faculty Team
Research Associate, Regional Centre for Energy Policy Research (REKK), Hungary
|Proposed weekly engagement: 8-10 hours|
|Instructor-led real-time recorded presentations||Online Tutoring||Weekly Assignments||Final Test|
The training is based on a self-paced collaborative e-learning platform that features a combination of real-time interactive presentations by the instructors, Excel modeling exercises, online tutoring at pre-announced times, reading material related to the course modules and weekly exercises coupled with homework assignments.
The course will run for 5 weeks with the following weekly sequence:
Real-time presentations on the presented materials. Presentations will be followed by Q&A sessions. Presentations will be recorded and made available to those who could not join the real-time presentations.
Real-time presentations on the presented materials. Presentations will be followed by Q&A sessions. Presentations will be recorded and made available to those who could not join the real-time presentations. Distribution of weekly assignments.
Online tutoring for the duration of 2 hours.
Submission of weekly assignment.
The course will conclude with a final multiple choice test at the end of Week 5.
10 CER credits will be awarded to those participants who have submitted all 5 weekly assignments and have successfully passed the final test. For more information on the ERRA Certified Energy Regulator Programme please refer to: https://erranet.org/trainings/cer/