Regulation of the Power Sector

15 WEEK Online Course

All you need to know about the power sector and power systems around the world 

Power system regulation is never at a rest, and this is particularly true for the power systems of today.  In a world that is hungry for a reliable supply of electricity, regulation and reform of the power sector become the drivers for economic development. Several countries across the world have implemented energy sector reforms to improve their economic performances. 

This online course will highlight the connection between strategic governance of the power sector and economic growth. It will also provide the participants with the fundamentals for working in power sector regulation, whether in a regulatory commission, in a regulatory department within a company, or as a policymaker. 

Led by world-class experts, the course will give you a comprehensive understanding of the main concepts and ideas behind sector regulation from an engineering, economic and regulatory perspective. 

Participants will have exclusive access to the ebook version of ‘Regulation of the Power Sector’, edited by Ignacio Pérez-Arriaga for the duration of the course.

Early bird Discount
Early bird discount 10% if you register before 28 January 2022
  • Dates
    28 Mar 2022 - 14 Jul 2022
  • Level
    Fundamentals
  • Type
    Online
  • Workload
    4-8 hours/week
  • Register by
    06 Mar 2022
CONTENT

BLOCK I: THEORY AND PRINCIPLES OF REGULATION
Regulatory models for energy systems

  • Energy services pricing: from regulated costs to price competition: Cost-of-service regulation. Incentive regulation. Competitive bidding. Market competition
  • Energy systems’ governance: activities, structure, and stakeholders’ roles: Unbundling. System and market operation

Fundamentals of energy systems economics

  • Centralized versus market-based planning: Costs’ characterization: investment, average and marginal costs. Cost minimization versus profit maximization
  • Basics on energy contracts: Physical versus financial contracts

Cost allocation methodologies

  • Practical case example of cost allocation: Discussion of a real life (non-energy related) case example of cost allocation
  • Cost allocation theory: Efficiency and equity. Long-run marginal costs. Residual costs

BLOCK II: REGULATION OF ENERGY SUPPLY ACTIVITIES
Pricing electricity generation

  • Investment and operation planning: From central planning and operation to wholesale markets
  • Energy markets design elements: Market-based economic scheduling: Market models, bidding formats and clearing algorithms

Complements to energy markets: ancillary services and capacity mechanisms

  • Flexibility markets: Intraday, reserves and regulation markets.
  • Capacity and RES-support mechanisms
  • Design elements of capacity and RES promotion mechanisms

Interplay between transmission and generation

  • Locational pricing: Fundamentals of nodal (and zonal) pricing.
  • Regulatory treatment of transmission investment planning: Golden rules, net-social welfare maximization

Regulated revenues and cost allocation

  • Remuneration mechanisms for distribution: Cost-of-service, RPI-X, TOTEX
  • Network costs allocation: Transmission and distribution tariffs

End-user tariffs

  • Principles and basic tariff structures: Efficiency & equity. Additivity, components.
  • Time and locational granularity: Dynamic, TOU, fixed.

Retail markets

  • Business models: Retail activities, stakeholders’ roles.
  • Consumer protection: Data management, switching, vulnerable customers

Regulatory Authorities

  • Case study on regulatory authorities
AUDIENCE

The course is given in English and developed for: 

  • Representatives from National Regulatory Authorities 
  • Professionals from the regulatory departments of energy companies such as Transmission System Operators and Distribution companies for electricity or gas, power generators or gas suppliers 

No formal background on energy regulation is required.

LEARNING OUTCOMES

We designed this training to give you a solid grasp of the fundamentals, and start your journey towards becoming an energy regulation expert.

In this course you will learn:

  • Fundamentals of energy system economics, introduction to different regulatory models and the restructuring process of the power sector
  • Approaches to the regulation of transmission and distribution networks as natural monopolies and principles for the allocation of regulated costs
  • Market design of competitive electricity wholesale markets and its complements, being ancillary services and possibly capacity mechanisms
  • Regulatory and technological challenges for the widespread inception of retail markets
  • The interaction between regulated activities and competitive activities in the power sector 

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

COURSE DIRECTOR

The training is led by Prof Carlos Batlle, who has been teaching the course “Engineering, Economics and Regulation of the Electric Power Sector” at MIT for the last ten years. Carlos will be supported by a group of leading experts in the field, who will channel their rich knowledge into interactive lectures, and live webinars.

FSR ANNUAL SCHOLARSHIPS

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 by 28 February 2022 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 9 January 2022.

Find more information here

FEES
  • General fee: 1300€ 
  • Students (with a certificate of current studies): 400€ 
  • Two free seats for FSR Energy Major Donors 
  • One free seat for FSR Energy 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. 

The Learning Approach
Personalised Learning
This course offers three different engagement levels, based on your prior knowledge and the amount of time you can dedicate to the course.
Live Class
Every week, participants-led sessions to deep dive in the topic and interact with your instructors. Live classes are always recorded.
Badges
This course gives you instant feedback on your activity in the form of badges. The badges will be converted in the final certificate, which can be shared on your social networks.
Collaborative knowledge
You will have the chance to collaborate with your peers from all over the word on a group project and discuss it with the main experts in the field. 
Course Faculty

Where participants come from

Any doubt?
Contact your course facilitator

Contact Chiara
Ignacio Pérez-Arriaga

Power system regulation is never at a rest! Join us online for a comprehensive understanding of the power sector regulation from an engineering, economic and regulatory perspective.

What Participants say about this course

I really loved the online course on Regulation of Power Sector. It helps by going into the depths of power sector regulation. It was serious, interactive and involved a lot of independent research. I enjoyed the live classes at the end of each chapter. I can recommend this course for all interested in power system management.

Andris Piebalgs | Former Energy Commissioner

This online course is the most innovative and efficient crash course on power I have seen!

Susanne Nies | Managing Director Strategy & Communications, ENTSO-E

Although fully online, this course is supported by a dedicated team, and I could find personalized follow-up and helpful explanations when I most needed them. This was valuable input in addition to all videos, quizzes and teaching materials available during the course.

Corinne Theveniau | Project Manager at RTE France

Generally, a great course, excellently thought-over and managed, thank you very much!

Participant of the 2018 Edition

There is too much opinion and too little facts in other similar courses by other universities. This course is one of the few that looks at facts, present-day and probable past.

Participant of the 2018 Edition
Course in numbers
9
Editions
850
Participants
40
Countries
80
Completion rate

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