Energy markets and regulations
Originally designed for participants in the EUI Global Executive Master, this course is now open to all professionals seeking to deepen their understanding of energy markets and regulation. Three features distinguish this course from others in our portfolio:
- Cross-sectoral scope: It covers the main regulatory challenges governing both gas and electricity systems.
- European focus, global relevance: It takes European energy markets as a starting point but considers the global perspective based on cases studies from all over the world.
- Accessible to all backgrounds: It is designed to create a meaningful learning experience for professionals inside and outside the energy sector.
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
3 October – 10 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), Takafumi Yanagisawa (IEEJ): 8 October 2025, 14.00-15.30 CEST
- Office Hour Week 1 with Marzia Sesini (FSR), Adrien Nicolle (FSR): 10 October 2025, 14.00-15.00 CEST
Keywords: Gas; Decarbonization; Security of Supply
Week 2: Regulation of gas for market liberalization
10 October – 17 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), Jennifer Danis (NYU): 15 October 2025, 14.00-15.30 CEST
- Office Hour Week 2 with Adrien Nicolle (FSR), Marzia Sesini (FSR), James Kneebone (FSR): 17 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
17 October – 24 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), Catharina Sikow-Magny (FSR), Luiz Barroso (PSR Energy Consulting and Analytics): 22 October 2025, 14.00-15.30 CEST
- Office Hour Week 3 with Ellen Beckstedde (FSR), Tim Schittekatte (FSR), Emma Menegatti (FSR): 24 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
24 October – 31 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), Ben Hobbs (Johns Hopkins University), Athina Tellidou (ACER) : 29 October 2025, 14.00-15.30 CET
- Office Hour Week 4 with Ellen Beckstedde (FSR), Tim Schittekatte (FSR), Nicolò Rossetto (FSR): 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
31 October – 7 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 Marzia Sesini (FSR), Lucila De Almeida (FSR), Alberto Pototschnig (FSR): 5 November 2025, 14.00-15.30 CET
- Office Hour Week 5 with Ellen Beckstedde (FSR), Lucila De Almeida (FSR), Alberto Pototschnig (FSR): 7 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
7 November – 13 November 2025
Deadline to submit the Mastery Challenge: 13 November 2025, midnight CET
Week 7 & 8: Mastery Challenges
Exploring Hydrogen’s Role in Future Energy Systems.
- Live expert panel: 26 November 2025, 14.00-15.00 CET
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:
- Investigator: Gain a foundational understanding of the subject.
- Advocate: Engage in discussions and debates with peers and field experts.
- 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.
Each year, the Florence School of Regulation – Energy and Climate (FSR Energy & Climate) awards scholarships for a wide variety of training courses targeting a broad audience of professionals and academics.
Applications will be assessed by a Selection Committee of FSR members on a yearly basis. The successful candidates will be informed after February 2026 and will be provided with all relevant information on how to enroll in the online course or residential training of their choice.
Send your application by 25 January 2026.
- 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
A 10% discount is available for groups of 5 or more participants from the same organisation. Please note that this discount cannot be combined with student discounts or donor free seat offers.
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.
