
Course description
Student testimonial:
Yossi Sokoler, Regulation Supervisor, Electricity Authority of Israel (PUA)
Course OUTLINE
Liberalisation of the electricity sector has been a very important development worldwide in the past two decades, and is still an ongoing process in many transition countries. Efforts aimed at building competitive electricity markets became increasingly interrelated to the growing influence of policies aiming at ensuring sustainable development and security of supply.
This course aims to provide a thorough introduction to the most important economic issues surrounding the creation and successful operation of electricity markets, and the challages raised by the decarbonization of the energy sector and recent innovations.
Topics discussed include an explanation of relevant economic concepts, the characterisation of competitive and oligopolistic markets, the design of wholesale and retail markets, investment and security of supply, the role of the electricity network in a competitive environment, and integration of renewable energy resources and new technologies.
Teaching method
Participants receive a vast array of documentation to support the different themes and modules. These materials include power point presentations of all course instructors, list of suggested readings and reference materials. Personalized certificates are awarded to participants who successfully complete the programs.
A team assignment will be distributed at the beginning of the course and participants will have to present their solutions on the last day. The distribution of time between lectures and exercises will be 70-30%.
Course registration
ERRA Full Members | EUR 1 130 + 27% VAT |
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ERRA Associate Members | EUR 1 340 + 27% VAT | |
Non-Member Regulators | EUR 1 550 + 27% VAT | |
Non-regulators | EUR 2 075 + 27% VAT |
Tuition fee includes: training materials, lunches, coffee breaks during the training course and a social programme.
Accommodation cost for 5 nights will be automatically added to the tuition fee in the amount of 330 EUR if you chose to stay at the training venue (European Youth Centre Budapest (EYCB); http://www.eycb.coe.int). (In case participants wish to stay at a different location, please note that they will need to do their own hotel arrangements.)
Course location
Budapest
Hungary
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:
Web: www.eycb.coe.int
COMPETITIVE ELECTRICITY MARKET DESIGNS
Opening Address and Introduction of Participants

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Introduction: From regulated to liberalized markets in electricity; Course outline and main messages

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Group photo
Coffee break
Case study: Mexico’s power market reform

Dr. Serrano, Jesus
Commissioner, Energy Regulatory Commission (CRE), Mexico
Lunch break
Market design for decarbonized electricity markets

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Coffee break
Group Work: Introducing the off-class teamwork assignment for the week*

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Social Program
Please be at 18:40 at the entrance of EYCB. Venue: Restaurant “Trófea Grill” (Address: Margit körút 2.)
REGULATION OF ELECTRICITY NETWORKS
Regulation of electricity networks: access rules and pricing

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Coffee break
Tariff Regulation + Excercise

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Lunch break
Case study: Smart Grid Deployment in Italy

Lo Schiavo, Luca
Deputy Director, Italian Regulatory Authority for Energy, Infrastructure Regulation Department, Italy
Visit to MAVIR; Functions, tasks and practical operation of the system operator in a liberalized market
TBD
DEMAND AND SUPPLY OF ELECTRICITY
Electricity supply: Cost structure and decision making in plant operation and investment

Horváth, Péter
Deputy General Director, Dunamenti Erőmű Zrt. (Member of MET Group), Hungary
Coffee break
Electricity demand: Usage, profiling and demand response

Szabó, László
Senior Research Associate, Regional Center for Energy Policy Research (REKK), Hungary
Lunch break
Exercise II: Investment Game

Kotek, Péter
Senior Research Associate, Regional Center for Energy Policy Research (REKK), Hungary
Coffee break
Case Study: Renewable energy: regulatory and market issues

Szabó, László
Senior Research Associate, Regional Center for Energy Policy Research (REKK), Hungary
WHOLESALE AND RETAIL MARKETS
Wholesale market models: Integrated vs. decentralized markets

Houmoller, Anders Plejdrup
CEO, Houmoller Consulting Aps, Denmark
Coffee break
The role of traders and exchanges; Price evolution and price spikes; Risk management; Spot (day-ahead, real time) and forward markets

Houmoller, Anders Plejdrup
CEO, Houmoller Consulting Aps, Denmark
Lunch break
Capacity mechanism and resource adequacy

Csermely, Ágnes
Head of Market Monitoring and Surveillance Department, Hungarian Energy and Public Utility Regulatory Authority (HEA), Hungary
Coffee break
Hot topics in electricity markets regulation “Round table discussion based on case studies by participants”

Kerekes, Lajos
Senior Research Associate, Regional Centre for Energy Policy Research (REKK), Hungary
MARKET POWER
Market Power in electricity generation and transmission

Csermely, Ágnes
Head of Market Monitoring and Surveillance Department, Hungarian Energy and Public Utility Regulatory Authority (HEA), Hungary
Coffee break
Cross border arrangements and Market Integration

Houmoller, Anders Plejdrup
CEO, Houmoller Consulting Aps, Denmark
Final Test
Lunch break
Group Work: Presentations of teamwork assignments

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Course Evaluation
Group photo
Final Comments and Farewell

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Course Director

Kaderják, Péter
Director, Regional Centre for Energy Policy Research (REKK), Hungary
Instructors

Csermely, Ágnes
Head of Market Monitoring and Surveillance Department, Hungarian Energy and Public Utility Regulatory Authority (HEA), Hungary

Dr. Serrano, Jesus
Commissioner, Energy Regulatory Commission (CRE), Mexico

Horváth, Péter
Deputy General Director, Dunamenti Erőmű Zrt. (Member of MET Group), Hungary

Houmoller, Anders Plejdrup
CEO, Houmoller Consulting Aps, Denmark

Kerekes, Lajos
Senior Research Associate, Regional Centre for Energy Policy Research (REKK), Hungary

Kotek, Péter
Senior Research Associate, Regional Center for Energy Policy Research (REKK), Hungary

Lo Schiavo, Luca
Deputy Director, Italian Regulatory Authority for Energy, Infrastructure Regulation Department, Italy

Szabó, László
Senior Research Associate, Regional Center for Energy Policy Research (REKK), Hungary
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Day 1
Péter Kaderják: Introduction: from regulated to liberalized markets in electricity
Jesus Serrano: Mexico’s Power Market Reform
Péter Kaderják: Markets design and regulation during the transition to low-carbon power systems
Day 2
Péter Kaderják: Regulation of Electricity Networks
Luca LoSchiavo: Smart Grid Deployement in Italy
Visit of the Hungarian TSO
Introduction of MAVIR and the Hungarian ElectricPower System
Procurement of Ancillary Services
Day 3
László Szabó: Electricity Demand
László Szabó: Renewable energy: Regulatory and Market Issues
Day 4
Ágnes Csermely: Resource Adequacy and Capacity Mechanisms
Day 5
Ágnes Csermely: Market Monitoring and Surveillance
Anders Plejdrup Houmoller: Cross border arrangements and market integration
Group works:
List of Suggested Readings:
Mike Hogan: Hitting the Mark on Missing Money
Anders Plejdrup Houmoller: The Liberalized Electricity Market
ICER: CHANGING THE REGULATION FOR REGULATING THE CHANGE
Nr. | Country | Name | Organization | Job Title |
1 | Hungary | Mohamed ALHamad | GCC Interconnection Authority | Power Trade Senior Executive |
2 | Turkey | Serkan Aktaş | Energy Market Regulatory Authority (EMRA) | Energy Expert |
3 | Oman | Ghada Al Ghazali | Authority for Electricity Regulation (AER) | Economic Analyst |
4 | Saudi Arabia | Naif AlOtaibi | Saudi Electricity Company (SEC) | Economic & Energy Pricing Specialist |
5 | Georgia | Levan Asanidze | RMG Group | Chief Power Engineer |
6 | Turkey | Afşın Burak Bostanci | Energy Market Regulatory Authority (EMRA) | Energy Expert |
7 | Turkey | Mustafa Celebi | Energy Market Regulatory Authority (EMRA) | Energy Specialist |
8 | Israel | Herut Chasid | The Israeli Electricity Authority (PUA) | Legal Adviser |
9 | Latvia | Gunta Freze | Public Utilities Commission (PUC) | Senior Expert |
10 | Swaziland | Mzwandile Msibi | Swaziland Energy Regulatory Authority (SERA) | Compliance Monitoring Officer |
11 | United Kingdom (UK) | Patrick O'Neill | EBRD | Senior Risk Officer |
12 | United Kingdom (UK) | Patrick O'Neill | European Bank for Reconstruction and Development (EBRD) | Associate Director, Senior Risk Officer |
13 | Turkey | İbrahim Oğuz Odabaş | Energy Market Regulatory Authority (EMRA) | Energy Specialist |
14 | Israel | Yossi Sokoler | The Israeli Electricity Authority (PUA) | Regulation Supervisor |
15 | Turkey | Osman Uzan | Energy Market Regulatory Authority (EMRA) | Energy Expert Asistant |
16 | Latvia | Elena Vilsone-Berzina | AS "Latvenergo" | Project Manager |
17 | Turkey | SADIK ÇAKI | EMRA | SPECIALIST |
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:
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 5 nights of accommodation at the course venue – European Youth Center (EYCB) can be added (May 6-11).
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).
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.
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.
Rate to the EYCB:
- one-way: HUF 4400 (approx. 16 EUR)
- round trip: HUF 7900 (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 (27 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
General Information
Currency: | HUF (Hungarian Forint) Currency Exchange Rates: http://www.mnb.hu/en/arfolyamok |
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Time zone: | UTC/GMT +1 hours | |
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Electricity: | 230 V/50 Hz (Europlug) | |
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Dial Codes: | +36 – | |
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Emergency Calls: | 112 (ambulance, police and fire) | |
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Smoking: | Smoking is not permitted in public places, dining and meeting facilities. | |
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Weather: | http://www.meteoprog.hu/en/weather/Budapest/ http://koponyeg.hu/t/Budapest |
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Information on Budapest: |
http://bebudapest.hu/ http://www.budapest.com/ https://www.budapestinfo.hu/home.html http://www.funzine.hu/ |
Course location
Budapest
Hungary
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:
Web: www.eycb.coe.int