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?

Monopoly Regulation 
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?

Electrical Distribution 
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’.

Electrical Transmission 
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.

Electricity Tariffs
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.

Electricity Retailing
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.

Regional Markets
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?

Environmental Regulation
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:  

• Broad target group of Adult learners  

• Network Codes experts and beginners  
• Everyone affected by the Network Codes in Europe, including: TSOs, NRAs, Governments, European Associations, Utilities, New Energy players, Stakeholders.  

The participants can take the course on 3 different levels:  

1.  Investigator: Learn to speak the language of the network codes and to understand their content)  
2. Advocate: Learn to discuss and debate the network codes with colleagues and field specialists  
3. Master: Learn to discuss, analyse and attempt to solve/improve a European level real-life case   

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: 4-6 hours/week  
• Novice to Advocate: 6-8 hours/week  
• Novice to Master: 8-10 hours/week  

• Expert (Advocate level understanding of the topic) to Master: 5 hours/week

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: 

• Collaborate in knowledge building with participants from all over the world 
• Gain access to distinguished course material 
• Engage in lively forum discussions and group activities 

• Interact with your instructors in weekly live classes 
• Have exclusive access to the ebook version of ‘Regulation of the Power Sector’, edited by Ignacio Pérez-Arriaga for the duration of the course

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.  

• Corporate – 1700€ 
• Regulators & Public Bodies – 1300€ 
• Individuals (self-employed or unaffiliated) – 650€ 
• 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 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. 

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. 

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 

Payment Confirmation 

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 fsr.secretariat@eui.eu. Upon request, you can get a confirmation of payment once the payment has been registered by our accounting department.