As part of the EUI Global Executive Master, the Florence School of Regulation has developed a specialisation track on the most pressing energy and climate issues of our time. One of its key components is this new course on Energy Markets and Regulations, which explores the functioning of electricity and gas markets and focuses on the crucial role of regulation.

The course is structured into five learning weeks, each tackling a core aspect of energy markets and regulation.
Weeks 1 & 2 delve into the specificities of gas market regulation, examining how it supports broader policy objectives such as security of supply, decarbonization and competitiveness.
Weeks 3 & 4 shift the focus to electricity market regulation, explaining how it addresses the current challenges of the energy transition, such as volatile market prices and congested electricity grids.
Finally, Week 5 introduces key impact assessment tools and methodologies that are essential for designing effective and future-proof energy regulations.

Introduction

2 October 2025

Welcome class with Marzia Sesini (FSR) and Ellen Beckstedde (FSR): 2 October 2025, 14.00-15.00 CEST

Week 1: Regulation of gas for decarbonization and security of supply

2 October – 9 October 2025

In the first week, we will explore the role of gas in achieving the EU’s decarbonization and security of supply objectives. We will discuss how these two objectives are interconnected and examine the strategies for reconciling them within EU energy policy. As an illustration, we will conduct a comparative case study of the role of gas in the EU and in a selected region of the world.

• Live Class Week 1 with Marzia Sesini (FSR), More Speakers TBC: 7 October 2025, 14.00-15.30 CEST
• Office Hour Week 1 with Marzia Sesini (FSR), Adrien Nicolle (FSR): 9 October 2025, 14.00-15.00 CEST

Keywords: Gas; Decarbonization; Security of Supply

Week 2: Regulation of gas for market liberalization

9 October – 16 October 2025

The second week of the course is devoted to the EU’s gas market liberalization, with particular attention to the Gas Directives and Gas Regulations (“Gas Packages”) and the Network Codes. We will examine these regulatory frameworks, their contributions to market integration, as well as their limitations and challenges. To highlight similarities and differences in regulatory approches, we will compare the EU’s market liberalization process with the US model.

• Live Class Week 2 with Adrien Nicolle (FSR), More Speakers TBC: 14 October 2025, 14.00-15.30 CEST
• Office Hour Week 2 with Adrien Nicolle (FSR), Marzia Sesini (FSR): 16 October 2025, 14.00-15.00 CEST

Keywords: Gas Package; Network Code; Market Liberalization

Week 3: Regulation of electricity in times of volatile market prices

16 October – 23 October 2025

In the third week, we start from the fundamentals of electricity market design in Europe. We explore why current market prices are becoming unsustainable for the energy transition and discuss how regulation can help tackle this issue. Based on a global case study, we then compare how similar challenges are being addressed in other parts of the world.

• Live Class Week 3 with Ellen Beckstedde (FSR), More Speakers TBC: 21 October 2025, 14.00-15.30 CEST
• Office Hour Week 3 with Ellen Beckstedde (FSR), Tim Schittekatte (FSR)(TBC): 23 October 2025, 14.00-15.00 CEST

Keywords: European Electricity Markets; Negative Electricity Prices; Volatile Electricity Prices; Hedging; Long-Term Instruments

Week 4: Regulation of electricity in times of congested electricity grids

23 October – 30 October 2025

The fourth week begins from the basic principles of electricity network regulation. We explain why electricity grids are increasingly becoming a bottleneck in the energy transition and examine how the current regulatory framework is evolving to address this challenge. Finally, a case study will illustrate how other continents are preparing the operation and regulation of their electricity grids for renewable energy integration.

• Live Class Week 4 with Ellen Beckstedde (FSR), More Speakers TBC: 28 October 2025, 14.00-15.30 CET
• Office Hour Week 4 with Ellen Beckstedde (FSR), Tim Schittekatte (FSR)(TBC): 30 October 2025, 14.00-15.00 CET

Keywords: Electricity Network Regulation; Electricity Grid Congestion; Unlocking flexibility; Grid Connection Queues

Week 5: Fundamental principles for high-quality regulation

30 October – 6 November 2025

The fifth week addresses the fundamental principles of high-quality regulation of energy markets, covering key tools and practices of regulators like cost-benefit analysis, regulatory impact assessments, and public consultations. Through global case studies, we provide deeper insights into the interpretation and evaluation of these regulatory tools in practice.

• Live Class Week 5 with Ellen Beckstedde (FSR), More Speakers TBC: 4 November 2025, 14.00-15.30 CET
• Office Hour Week 5 with Marzia Sesini (FSR), Leonardo Meeus (FSR)(TBC): 6 November 2025, 14.00-15.00 CET

Keywords: Energy Market Regulation; Regulatory delivery; Cost-Benefit Analysis; Regulatory Impact Assessment

Week 6: Buffer week to work on Mastery Challenges

6 November – 13 November 2025

Deadline to submit the Mastery Challenge: 13 November 2025, midnight CET

Week 7 & 8: Mastery Challenges

Regulating gas and electricity network infrastructure to accommodate the energy transition.

• Live expert panel: 25 November 2025, 14.00-15.00 CET
• Live expert panel: 27 November 2025, 14.00-15.00 CET (TBC)

Through this course we provide answers to the following questions:

• What is the purpose of gas/electricity market regulation?
• How do gas/electricity prices form?
• How did the EU regulate gas and electricity markets?
• What is a regulatory impact assessment?

After completing this course, you’ll be able to:

• Appraise an EU Regulation or Directive
• Compare regulatory frameworks across different regions and sectors
• Interpret tools that inform regulatory decisions
• Critically assess the strengths and weaknesses of energy regulations

You will get a hands-on learning experience with:

• Live classes with case studies delivered by FSR faculty and international experts
• Video lectures to unpack complex regulatory and technical topics
• Office hours to ask your questions to energy experts
• Interaction with your peers in lively forum discussions
• The opportunity to apply and test your knowledge by participating in a mastery challenge

The course is given in English and developed for:

• Broad target group of Adult learners
• Energy policy experts and beginners
• Everyone affected by energy regulation, including:
  • Officers of government agencies and regulatory bodies
  • Employees of energy companies and utilities
  • Academics and researchers
  • Representatives and policy analysts of European associations and non-governmental organisations,
  • New stakeholders exploring opportunities in the energy field
  • Consultants and other professionals in the energy sector

Participants can choose from three levels of engagement:

1. Investigator: Gain a foundational understanding of the subject.
2. Advocate: Engage in discussions and debates with peers and field experts.
3. Master: Collaborate in groups to solve real-life case studies.

The amount of time required to take this course depends on the aimed course level as well as the level of expertise in the subject prior to joining the course. For example: 

• Novice to Investigator: 6-7 hours/week 
• Novice to Advocate: 7-8 hours/week 
• Novice to Master: 8-10 hours/week 

At the end of the course, the participants can earn a Certificate of Attendance, a Certificate of Completion or a Certificate of Excellence, depending of their performance and engagement throughout the course.

• General fee: 1100 €
• Students (with certificate of current studies**): 440 €
• Four free seats for Star Donors
• Two free seats for Major Donors
• One free seat for Associate Donors

Discounts 

Special offer for group enrolments: 10% discount from 5 participants from the same organisation

Contact: fsr.secretariat@eui.eu 

Cancellation policy 

Paid registration fee is non-refundable. However, registrant substitution may be made up to 20 days before the start date of the course. 

For more information, please read the full FSR cancellation policy.

**Please kindly send your certificate of current studies with the stamp of your university to FSR secretariat (fsr.secretariat@eui.eu).
The start and end dates of your studies should also be clearly mentioned on the document. Please make sure that your period of studies fully covers the training course duration.