Why This Course?
In designing and implementing robust regulation, there are no one-size-fits-all formulae for every element to achieve targeted and sustainable development. Moreover, it has emerged that each country differs in its level of competition, liberalisation, substance and governance. Therefore, this training provides an introduction to utility regulation (petroleum and electricity) whereby detailed practical examples are used to enable regulators to learn the best practices for effective regulation and policy formulation. The new and unique course blends both utilities in the petroleum and electricity sectors regulation mirroring our unique institutional arrangements within the Eastern Africa region. The course provides lively discussion on dynamic regulation, capturing principles of economic regulation, market surveillance as well as principles of good governance in emerging and dynamic energy sector Regulation.
What You Will Learn
- Economics of regulation
- Institutional setting and decision-making processes of energy regulatory institutions
- Market monitoring and surveillance and enforcement
- Effective regulatory strategies for monitoring the performance of regulated utilities and enforcing compliance by regulatory institutions
- Fundamentals of price regulation and regulatory process, petroleum and Gas regimes
- The setting of the revenue requirements in tariff design,
- Dealing with network access and the significance of long-term contracts on competition in power pools and electricity markets
- regulating upstream and downstream petroleum subsector
- Regulatory capture, regulation in a political environment
- Cost-Reflective tariffs, Tariff rebalancing, cross-subsidisation, and funding of social obligations
- Strategies for conducting price reviews