Why This Course?
In designing and implementing robust regulation, there are no one-size-fits-all formulae for every element to achieve targeted, 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 whereby detailed practical examples are used to enable regulators to learn the best practices for effective regulation and policy formulation.
A lively discussion on dynamic regulation, how to ensure regulation anticipates and, as appropriate, adapts to market evolutions, how to regulate an industry/network with potentially continuing reduced energy volumes and more intermittent sources, and how to move from static regulation to more dynamic regulation and how to regulate infrastructure for different purposes.
What You Will Learn
- Economics of regulation
- Institutional setting and decision-making processes of energy regulatory institutions
- Market monitoring and surveillance
- Effective regulatory strategies for monitoring the performance of regulated utilities and enforcing compliance by regulatory institutions
- Fundamentals of price regulation and regulatory process
- 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
- Regulatory capture, regulation in a political environment
- Cost-Reflective tariffs, Tariff rebalancing, cross-subsidisation, and funding of social obligations
- Strategies for conducting price reviews