Workshop description

Participant testimonial:

Goran Babić Head of department for tariff systems and the gas and oil market Croatian Energy Regulatory Agency

 

A stable and predictable regulatory framework is of critical importance in the financial sustainability of regulated companies. While regulators typically publish Methodologies reflecting the main principles of calculating revenue requirements for providing regulated service, these principles are rarely defined to a level which is necessary for regulated companies to be able to clearly predict regulatory decision-making. This is especially true in regulatory approaches towards capital investment submissions.

As a result, regulated utilities often do not have sufficient information on the level of detail that their capital investment proposals should contain nor on the tools used by regulators to review the reasonableness of these proposals or the criteria regulators use to approve or reject them. Regulators, on the other hand, often find themselves with too much discretion on their determinations or find that regulated companies’ submission do not contain the necessary information that Regulators need to be able to make informed decisions. The purpose of this educational workshop is to review tools and criteria that regulators can employ to review and approve or reject capital investment programs and to provide examples of regulatory best practice in treating capital investment programs.


Discussion topics

Capital expenditure review and assessment

  1. Economic vs. financial assessment of capital expenditure programs
  2. Capex assessment tools
    1. Net present value methodology
    2. Cost Benefit Analysis
    3. IRR
  3. ENTSO-E/G CBA Methodology
  4. Prioritizing capex projects
  5. Assessing companies’ abilities to finance capex plans

Capital expenditure monitoring and case studies of best practice

  1. RAB monitoring and verification tools
    1. Efficiency of utilization of assets;
    2. Regulatory approaches to stranded assets.
  2. Benchmarking reasonable capital expenditures
  3. Regulatory best practice in capital expenditure review and approval

Course registration

Please note that the registration process was closed due to high interest.


ERRA Full Members EUR 620 + 27% VAT
ERRA Associate Members EUR 720 + 27% VAT
Non-Member Regulators EUR 820 + 27% VAT
Non-regulators EUR 1020 + 27% VAT

Tuition fee includes: training materials, lunches, coffee breaks during the 2-day workshop.

Please be informed that 2 nights of accommodation at the course venue – European Youth Center (EYCB) can be added (March 4-6). Please note that EYCB has a dormitory type of accommodation, which means that there are no television and air conditioner in the rooms. Participants are accommodated in private rooms with private bathroom included. For more information please visit: http://www.coe.int/t/dg4/eycb/Conf_facil/photos_en.asp. In case you need extra nights for your stay, a separate form will be sent to you with the confirmation letter. Single room rate is € 66/night (including breakfast and VAT).

Workshop location

Budapest

Hungary

European Youth Centre Budapest (EYCB)
Address: 1-3 Zivatar Str., H-1024 Budapest
Tel.: +36 1 438 1030 ǀ Fax +36 1 212 4076
E-mail: eycbsecretariat-at-coe.int
Web: www.eycb.coe.int

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ASSESSMENT OF CAPITAL EXPENDITURE: CONCEPTUAL ISSUES

08:00

Welcoming and introductory remarks

Berisha, Ardian

Regulatory specialist, Energy Regulators Regional Association (ERRA)

08:30

Integration of capital expenditures in the price control

Tipping, Andrew

Managing Consultant, Economic Consulting Associates Ltd., UK

09:30

Technical Break

09:40

Techniques for assessment of capital expenditures

Tipping, Andrew

Managing Consultant, Economic Consulting Associates Ltd., UK

11:10

Coffee break

11:40

Application of ENTSO-e CBA methodology for capital expenditures assessment

Schroeder, Robert

Manager System Development, ENTSO-E, Belgium

13:00

Lunch

14:00

Benchmarking of capital expenditures

Petrov, Konstantin

Managing Consultant, Market and Policy Department, DNV GL - Energy, Germany

15:15

Coffee break

15:45

Asset utilization, stranded assets and regulatory issues

Petrov, Konstantin

Managing Consultant, Market and Policy Department, DNV GL - Energy, Germany

19:00

Group dinner

ASSESSMENT OF CAPITAL EXPENDITURE: PRACTICAL EXAMPLES

08:00

Recap of the day I.

Berisha, Ardian

Regulatory specialist, Energy Regulators Regional Association (ERRA)

08:30

Case study of Lithuania: Reviewing and approving capital investment plans

Kazakevicius, Ignas

Chief specialist of Gas division, National Commission for Energy Control and Prices (NCC), Lithuania

10:00

Coffee break

10:30

Case study of Germany: Application of total cost (opex and capital cost) benchmarking model

Müller, Christine

Economic Advisor Energy Regulation, Bundesnetzagentur, Germany

12:00

Lunch

13:00

Regulatory tools for Capex Review and Approval: An overview of European Approaches

Parthasarathy, Srini

Principal, Oxera, United Kingdom

14:30

Coffee break

15:00

Case study of Estonia: Smart Meter roll-out Cost Benefit Analysis

Ots, Mart

Chairman, Energy Regulators Regional Association (ERRA); General Director, Estonian Competition Authority, Estonia

16:30

Workshop wrap-up and Summary of key messages

Berisha, Ardian

Regulatory specialist, Energy Regulators Regional Association (ERRA)

Instructors

Berisha, Ardian

Regulatory specialist, Energy Regulators Regional Association (ERRA)

Kazakevicius, Ignas

Chief specialist of Gas division, National Commission for Energy Control and Prices (NCC), Lithuania

Müller, Christine

Economic Advisor Energy Regulation, Bundesnetzagentur, Germany

Ots, Mart

Chairman, Energy Regulators Regional Association (ERRA); General Director, Estonian Competition Authority, Estonia

Parthasarathy, Srini

Principal, Oxera, United Kingdom

Petrov, Konstantin

Managing Consultant, Market and Policy Department, DNV GL - Energy, Germany

Schroeder, Robert

Manager System Development, ENTSO-E, Belgium

Tipping, Andrew

Managing Consultant, Economic Consulting Associates Ltd., UK

Please note that Workshop Materials will be available at a later stage and only for registered participants and ERRA Members. Please LOGIN with your username and password.

Nr. Country First Name Last Name Organization Job Title
1OmanMUNAAL ShafeiiAuthority for Electricity Regulation, OmanRegulatory Engineer
2GeorgiaGiorgiAgdgomelashviliGeorgian State Electrosystem (GSE)Senior engineer
3OmanDawoudAl BalushiAuthority for Electricity RegulationRegulatory Engineer
4OmanMahmoodAl HabsiAuthority for Electricity Regulation OmanSenior Regulatory Engineer
5Saudi ArabiaAymanAl OdailyElectricity & Co-generation Regulatory Authority (ECRA)Engineering Senior Reseacher
6Saudi ArabiaZaid Al ZaidElectricity & Co-generation Regulatory Authority (ECRA)Pricing Specialist
7Saudi ArabiaKhalidAlmhireesElectricity & Cogeneration Regulatory Authority (ECRA)Engineering Analyst
8SerbiaIsidoraArmusEnergy Agency of the Republic of Serbia (AERS)Independant expert for economics and finance
9CroatiaGoranBabicCroatian Energy Regulatory Agency (HERA)Head of Department for Tariff Systems and The Gas and Oil Market
10GeorgiaNugzarBeridzeGeorgian National Energy and Water Supply Regulatory Commission (GNERC)Director of Electricity Depertment
11TurkeyNuri OsmanCaliskanEnerjisaDirector
12RomaniaIrina GeorgianaDragomanSNTGN Transgaz S.A.Head of Legal Analysis of Gas Market Regulations
13MoldovaMarcelGrisca National Agency for Energy Regulation of MoldovaSuperior specialist, Division of water supply and sewerage
14GeorgiaZviadImnaishviliGeorgian State ElectrosystemHead of Financial Department
15RomaniaMariaIspasRomanian Energy Regulatory Authority (ANRE)Director
16LatviaViestursKadikisPublic Utilities Commission (PUC) Head or tariff and infrastructure division
17GeorgiaGiorgiKelbakianiGeorgian National Energy and Water Supply Regulatory Commission (GNERC)Chief of Unit, Tariff and Economic Analysis Department
18GeorgiaGiorgiKhunjuaGeorgian National Energy and Water Supply Regulatory Commission (GNERC)Chief Expert of Tariff and Economic Analysis Department
19Czech RepublicLiborKolarE.ON Distribuce, a.s.Head of Strategic Projects
20TurkeyMehmetKürkçüEnergy Market Regulatory AuthorityEnergy Expert
21MoldovaVasileLeuNational Agency for Energy Regulation of MoldovaHead of section, Division of Thermal Energy and Cogeneration
22HungaryPéterLitvaiHungarian Energy and Public Utilitiy Regulatory Authority (HEA)Electricity Pricing Advisor
23CroatiaIvanaLukačCroatian Energy Regulatory Agency (HERA)Senior Associate for Tariff Systems and the Gas and Oil Market
24TurkeyBilgeMANSIZEMRAEnergy Expert
25HungaryÁkosMatzonKPMG Tanácsadó Kft.Senior advisor
26RomaniaCraciun BucurNeaguSNTGN Transgaz S.A.Head of Gas Transmission Contracts
27RomaniaCristinaPirvuRomanian Energy Regulatory Authority (ANRE)Head of division
28LatviaMarutaPurvinaPublic Utilities Commission, LatviaChief Specialist, Economic Analysis Department
29PakistanSayyed SalmanRehmanNational Electric Power Regulatory AuthorityDeputy Director
30FinlandKristianRehnströmFortum Power and Heat OyDirector
31GeorgiaNodarRuadzeGeorgian State Electrosystem (GSE)Senior Specialist at the Service of Relations with GNERC
32CroatiaGORDANASTANKOVIĆCROATIAN ENERGY REGULATORY AGENCYSENIOR ASSOCIATE
33Czech RepublicDavidSafarE.ON Distribuce, a.s.Head of Grid Management and Strategic Projects
34TurkeySerkanSenEnergy Market Regulatory Authority of Turkey (EMRA)Head of Group
35TurkeyTufan CanSenerNatural Gas Distribution Companies Association Turkey-GAZBİRAssistant Specialist
36ThailandSupajuthaSontrareeratOffice of the Energy Regulatory Commission (ERC)Analyst
37HungaryErikaSzirmaiHungarian Energy and Public Utility Regulatory Authority (HEA)Economic Analyst
38SerbiaBiljanaTrivićEnergy agency of the Republic of Serbia (AERS)Exper for electricity
39TurkeyMuratYazıcıEnerjisaInvesting Planning Group Manager

Venue/ Accommodation

European Youth Centre Budapest (EYCB)
Address: Zivatar u. 1-3., H-1024 Budapest
Tel.: +36 1 438 1030 ǀ Fax: +36 1 212 4076
E-mail: eycbsecretariat-at-coe.int
Web: www.eycb.coe.int

Tuition fee includes: training materials, lunches, coffee breaks during the training course and a social programme.

Please be informed that 2 nights of accommodation at the course venue – European Youth Center (EYCB) can be added (March 4-6). Please note that EYCB has a dormitory type of accommodation, which means that there are no television and air conditioner in the rooms. Participants are accommodated in private rooms with private bathroom included. For more information please visit: http://www.coe.int/t/dg4/eycb/Conf_facil/photos_en.asp. In case you need extra nights for your stay, a separate form will be sent to you with the confirmation letter. Single room rate is € 66/night (including breakfast and VAT). 

View map >> 


Visa

Please verify the visa requirements of Hungary by contacting the Hungarian Embassy in your country. The list of diplomatic missions is available here: http://www.kormany.hu/en/ministry-of-foreign-affairs-and-trade/missions. The list of countries whose citizens do not require visas to enter Hungary can be found at http://konzuliszolgalat.kormany.hu/visa-waiver-agreements.

List of third countries, where a Schengen state issues visas on behalf of Hungary is available on this page: http://konzuliszolgalat.kormany.hu/visa-issuance-on-behalf-of-hungary.

In case you need an entry visa, please immediately contact the ERRA Secretariat! To prepare a visa invitation letter for you, please send us your passport copy and indicate at where you applying for the visa. 


Airport Transfers/ Travel Information

Budapest Ferenc Liszt International Airport (formerly Ferihegy):

  • Located 16 kilometres (9,9 mi) east-southeast of the centre of Budapest
  • Central telephone number for information: +36 1 296 7000
  • http://www.bud.hu/english
  • The transfer time to/from the airport to the downtown is approximately 45-60 minutes (subject to traffic)

Shuttle bus

miniBUD (http://www.minibud.hu/) is the official airport shuttle service company providing fixed-priced transfer service between Budapest Airport – Budapest city center – Budapest Airport. The miniBUD airport shuttle service counters located on the arrivals level of Budapest Airport.

Rates to the Castle District:

  • One-way is 4400 HUF (approx. 16 EUR)
  • Round trip is 7900 HUF (approx. 28 EUR)


Taxi from the Airport

There is an official airport taxi company (Főtaxi) available at the Arrival Hall of the Terminals. All Főtaxi cars are equipped with POS terminal, therefore passengers can pay with credit card as well. Reservations can be made in person at Főtaxi booths located at the exit at Terminal 2A and 2B. At the taxi rank in front of the stands taxis are parking continuously waiting for passengers.

Rates (for reference purposes only): around HUF 8500 (31,5 EUR) for one way.

Calling a Taxi in Budapest

Please find below the list of larger taxi companies in Budapest:

  • Taxi 2000: +36 1 200 0000
  • Citytaxi: +36 1 211 1111
  • Főtaxi: +36 1 222 2222
  • 6×6 Taxi: +36 1 666 6666

Public Transport

Budapest’s network of public transport services (BKK) includes buses, trolleybuses, trams, subway (Metró) and over ground suburban trains (HÉV).

For ticket prices and more information please visit the official website of BKK: http://www.bkk.hu/en/tickets-and-passes/prices/ 

Booklet in PDF with useful information is available here >>


Railway Stations

International trains operate from the three largest stations:

  • Keleti pályaudvar: VIII., Baross tér. Tel: (+36-1) 413 – 4610.
  • Nyugati pályaudvar: VI., Nyugati tér Tel: (+36-1) 349-8503
  • Déli pályaudvar I. Krisztina krt. 37. Tel: (+36-1) 375-6593

All three international railway stations are part of the Budapest Underground system, the Metró. The Déli is on the Red (Number 2) line, Keleti is on the Red (Number 2) and Green (Number 4) lines and the Nyugati is on the Blue (Number 3) line.

Official website of the Hungarian State Railways: https://www.mavcsoport.hu/en


Safety

Budapest is safe, however, we do recommend that you exercise normal caution when travelling. Please watch your belongings and pockets in public transportation.


General Information

Currency:      HUF (Hungarian Forint)
Currency Exchange Rates: http://www.mnb.hu/en/arfolyamok

Time zone:   UTC/GMT +1 hours

Electricity:   230 V/50 Hz (Europlug)

Dial Codes:   +36 –

Emergency Calls:    112 (ambulance, police and fire)

Smoking:   Smoking is not permitted in public places, dining and meeting facilities.

Weather:   http://www.met.hu/en/idojaras/elorejelzes/magyarorszagi_telepulesek/

Information on
Budapest:
 

Workshop location

Budapest

Hungary

European Youth Centre Budapest (EYCB)
Address: 1-3 Zivatar Str., H-1024 Budapest
Tel.: +36 1 438 1030 ǀ Fax +36 1 212 4076
E-mail: eycbsecretariat-at-coe.int
Web: www.eycb.coe.int

Center map
Traffic
Bicycling
Transit
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