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 from MIT and Comillas University, the course will give you a comprehensive understanding of the main concepts and ideas behind sector regulation from an engineering, economic and regulatory perspective.
Please note that the course dates are still to be confirmed
Welcome live class
The Technology and Operation of Power Systems
Topics: What are electricity’s unique characteristics? How does the complex infrastructure of power systems impact the economics behind investment decisions and regulatory policy?
Regulatory Principles and Institutions
Topics: What is regulation, and why do we need it? What is the history of power system regulation, and how do regulatory institutions operate? What are the different models for power markets, and what are the regulatory impacts for each?
Power System Economics
Topics: How does the power sector work from an economic point of view? How is pricing for demand calculated, how is that demand met by generation under either central planning or market conditions, and what external costs impact power system operations?
Topics: What is the economic rationale behind monopolies? How is cost-of-service regulation used on monopolies, and how does it compare to incentive based regulation? How are these models implemented in practice by regulators?
Topics: How are distribution grids changing? Learn how remuneration and incentives for DSOs are structured and how smart grids can address the challenges of distributive energy resources or ‘prosumers’.
Topics: How to regulate transmission in free markets? How are nodal prices calculated, and what models should be used to guide investment in transmission networks? What business models exist for investment decisions, and what are the pros and cons of each? How should transmission pricing be charged to different users? What is the best approach for congestion management?
Electrical Generation and Wholesale Markets
Topics: How to manage the generation aspect of power systems, how wholesale markets can solve the dispatch of generation in a competitive environment, how intraday markets operate, and how to manage market power to avoid market failure.
Topics: Examine the components of electricity tariffs, how use-of-system tariffs are designed, how to correctly calculate the generation component of tariffs, and the other factors which can impact on tariffs.
Topics: Learn about the liberalisation of electricity retailing, how retail markets function, and the regulatory challenges that come with a move to liberalisation to allow a genuinely competitive retail market to take hold.
Topics: Learn about the benefits of regional markets and the key features of the EU and US regional markets. How is capacity allocated in a regional market, and what are the main regulatory objectives in a regional market?
Topics: Learn the impact of electricity on the environment, and how the move to sustainability involves finding a balance between keeping electricity supply secure and affordable while improving access to energy and the impact on the environment. Learn how to design policies for renewable integration, regulatory instruments used in environmental regulation, and the impact of renewables on energy markets.
Security of Supply
Topics: How to guarantee that the market will expand generation properly? How can the regulator work with the market, and what mechanisms are used to achieve security of supply? Specific attention is paid to the Reliability Option mechanism’s success from the point of view of demand and generation.
Interaction of Gas and Electricity Markets
Topics: Examine the similarities and differences between electricity and gas, downstream natural gas markets, and gas security of supply.
Delivery of the Power System Project Week and Final Policy Paper
The course is given in English and developed for:
The participants can take the course on 3 different levels:
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:
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:
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.
Special offer: For FSR Energy Donors and group enrollments (starting from 10% for 2 participants from the same organisation, up to 50% discount for 5 or more).
The group discount is only applicable on Corporate and Public Bodies fees.
Paid registration fee is non-refundable. However, registrant substitution may be made up to 20 days before the start date of the course.
Registering Multiple Participants
Please register each participant separately, to comply with the EUI data protection policy and also as the information given here will be used to set -up the individual account of the course participant
Please note that you must complete the payment process to complete your registration. For payment by credit card, you will receive by email a confirmation of payment. For payment by bank transfer, please send a copy of the bank transfer to firstname.lastname@example.org. Upon request, you can get a confirmation of payment once the payment has been registered by our accounting department.
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.
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.
This online course is the most innovative and efficient crash course on power I have seen!
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.
Generally, a great course, excellently thought-over and managed, thank you very much!
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.
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