Course description

Important News:

Due to the high interest in the course, the registration has been closed.


Course Description

The ERRA Principles of Economic Regulation – Electricity Tariffs training course will take place

in Budapest on 10-13 February, 2020.

The training program is an opportunity for regulation and utility professionals to obtain a detailed insight into the allowed revenue calculation and electricity tariff-setting process. This important and technically complex role of regulators will be broken down in a step-by-step fashion, with a 4-day interactive training programme, to ensure trainees obtain a sound understanding of the fundamental objectives of price regulation and the techniques regulators employ to achieve them. Theoretical discussions and examples of international best practices will be complemented by practical excel exercises.

ERRA is teaming up with DNV GL to cover topics related to wholesale market deregulation, renewable energy support schemes, capital expenditure efficiency analysis and converting revenues into distribution and transmission tariffs. Theoretical discussions will be coupled with practical excel exercises, making this 10th ERRA tariff course one of a kind.

Student Testimonial by Khaled Shehata, Egypt


The training will commence with a high-level overview of the regulatory roles in price regulation, discussing fundamental economic principles behind regulation, addressing market failures and regulatory intervention and reviewing renewable energy pricing principles.  Emphasis will then be placed into transmission and distribution network regulation, the main components of the allowed revenues under the building block approach and regulatory tools in reviewing the reasonableness of capital expenditure investment plans. This will include an assessment of investment risks in infrastructure regulation, risk-mitigation mechanisms through predictable regulation and efficiency analysis for imputing efficiency gains into capital and operational expenditure.

Following a top-down approach, after setting the allowed revenues, regulators are faced with the challenge of converting these revenues to regulated tariffs and charges. The training course will discuss principles of transmission and distribution network charges and review objectives of various systems of tariff design and cost-allocation methodologies.

Finally, the course will focus on challenges of deregulating retail markets and mitigating impacts of market exposure on customers, institutional roles in protecting vulnerable customers and examples of protection schemes that mitigate market distortion.

The Tariff Training Course is eligible for 10 credits and contributes towards ERRA’s Certified Energy Regulator award.

Course registration

ERRA Full Members    
EUR 960 +27%VAT


ERRA Associate Members   EUR 1 120 +27%VAT
Non-Member Regulators   EUR 1 280 +27%VAT
Non-regulators   EUR 1 760 +27%VAT

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

Accommodation cost for 4 nights will be automatically added to the tuition fee in the amount of 304 EUR if you chose to stay at the training venue (European Youth Centre Budapest (EYCB); (In case participants wish to stay at a different location, please note that they will need to do their own hotel arrangements.)

Please contact the ERRA Secretariat for information.

Please note that Training Materials are available only for registered participants and ERRA Members. Please LOGIN with your username and password.


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

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

Please be informed that 4 nights of accommodation at the course venue – European Youth Center (EYCB) can be added (February 9-13). The venue provides a very convenient access to the classroom where the course is organised. Participants are accommodated in private rooms with private bathroom included, but there are no television and air conditioner in the rooms. For photos please visit: 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 € 76/night (including breakfast and VAT).

View map >> 


Please verify the visa requirements of Hungary by contacting the Hungarian Embassy in your country. The list of diplomatic missions is available here: The list of countries whose citizens do not require visas to enter Hungary can be found at

List of third countries, where a Schengen state issues visas on behalf of Hungary is available on this page:

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
  • The transfer time to/from the airport to the downtown is approximately 45-60 minutes (subject to traffic)

Shuttle bus

miniBUD ( 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: 

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:

General Information

Currency:      HUF (Hungarian Forint)
Currency Exchange Rates:

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.


Information on

Course location