Course description

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); 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.)

Principles of Economic Regulation – Electricity Tariffs 2020

Please note that ERRA is not in the position to provide participants with funds or assistance in finding the necessary funds regarding their participation fees and does not have sponsored places for the training. Thus, we kindly ask you to submit your registration only in case the funds to cover your participation, including tuition fee, travel, etc. are available for you and your participation is already approved by your delegating company.

Clear
SKU: N/A Category:

ECONOMICS OF PRICE REGULATION AND WHOLESALE ELECTRICITY MARKETS

8:30

Opening remarks

Introduction to the course

Berisha, Ardian

Regulatory Specialist, Energy Regulators Regional Association (ERRA)

8:45

Introduction of training Participants

Berisha, Ardian

Regulatory Specialist, Energy Regulators Regional Association (ERRA)

09:00

Wholesale Markets and Regulation

Petrov, Konstantin

Managing Consultant, DNV GL - Energy, Germany

10:30

Coffee break and Group Photo

11:00

Renewable Energy pricing and support schemes

Petrov, Konstantin

Managing Consultant, DNV GL - Energy, Germany

12:30

Lunch

13:30

Economics of Price Regulation I

Berisha, Ardian

Regulatory Specialist, Energy Regulators Regional Association (ERRA)

14:45

Coffee Break

15:15

Economics of Price Regulation II

Berisha, Ardian

Regulatory Specialist, Energy Regulators Regional Association (ERRA)

SETTING ALLOWED REVENUES: THE BUILDING-BLOCK APPROACH

08:30

Setting Allowed Revenues: The Building-Block Approach

Waisum Steinborn-Cheng / Daniel Anton, DNV GL
10:00

Coffee break

10:30

Integrating Capital Expenditure into the Regulatory Asset Base

Waisum Steinborn-Cheng / Daniel Anton, DNV GL
12:00

Lunch

13:00

Excel Exercise: Excel modeling principles and standards

Waisum Steinborn-Cheng / Daniel Anton, DNV GL
14:30

Coffee break

15:00

Excel Exercise: Excel modeling fundamentals for energy regulators

Waisum Steinborn-Cheng / Daniel Anton, DNV GL

SETTING THE REVENUE REQUIREMENT - INCENTIVE BASED REGULATION

08:30

Setting Allowed Return (Weighted Average Cost of Capital, WACC)

Waisum Steinborn-Cheng / Daniel Anton, DNV GL
10:00

Coffee break

10:30

Electricity Tariff Setting (Transmission, Distrbution and Retail)

Waisum Steinborn-Cheng / Daniel Anton, DNV GL
12:00

Lunch

13:00

Excel Exercise: Tariff Setting (1)

Waisum Steinborn-Cheng / Daniel Anton, DNV GL
14:30

Coffee break

15:00

Excel Exercise: Tariff Setting (2)

Waisum Steinborn-Cheng / Daniel Anton, DNV GL

FROM REVENUES TO TARIFFS - TARIFF STRUCTURES, DESIGN, BILLING

08:30

Price Deregulation and Market Liberalisation in Europe

Irklis, Rolands

Chairman, Public Utilities Commission (PUC), Latvia; ERRA Presidium Member; CEER Vice-President; ACER Vice-Chair

10:00

Coffee break

10:30

Regulatory roles on affordability and customer subsidies

Irklis, Rolands

Chairman, Public Utilities Commission (PUC), Latvia; ERRA Presidium Member; CEER Vice-President; ACER Vice-Chair

12:00

Recap of the Training Course

12:15

Final Test Covering Discussed Topics

13:00

Lunch

14:00

Ceremony of Certificates; Final Comments and Farewell

Berisha, Ardian

Regulatory Specialist, Energy Regulators Regional Association (ERRA)

Berisha, Ardian

Regulatory Specialist, Energy Regulators Regional Association (ERRA)

Irklis, Rolands

Chairman, Public Utilities Commission (PUC), Latvia; ERRA Presidium Member; CEER Vice-President; ACER Vice-Chair

Petrov, Konstantin

Managing Consultant, DNV GL - Energy, Germany

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
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 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: https://www.coe.int/en/web/youth/eycb-guestrooms. 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 >> 


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

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.meteoprog.hu/en/weather/Budapest/
http://koponyeg.hu/t/Budapest

Information on
Budapest:
 http://bebudapest.hu/
http://www.budapest.com/
https://www.budapestinfo.hu/home.html
http://www.funzine.hu/