Regulation of the Power Sector

14 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. 

 

Early bird Discount
10% discount if you register by 8 February 2021
  • Dates
    08 Apr 2021 - 17 Jul 2021
  • Level
    Fundamentals
  • Type
    Online
  • Workload
    4-8 hours/week
  • Register by
    21 Mar 2021
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: 

  • 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. 

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.

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.
Power System Project
a chance to collaborate with your peers on a country based research 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

Other FSR Courses

Regulation of the Power Sector
Registration open
Regulation of the Power Sector

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…

Executive Course to master Electricity Markets
Registration open
Executive Course to master Electricity Markets

The Florence School of Regulation’s executive course to master Electricity Markets discusses the microeconomics of wholesale power markets and their implications for energy policies. The course gathers a group of…

EU Gas ‎Network Codes
Registration open
EU Gas ‎Network Codes

The implementation of the EU Gas Network Codes (NC) requires an important effort from many participants of the market and sound competence and specialised resources.   Join us to gain comprehensive knowledge about…

FSR C&M/FCP Joint Online Course on 5G: Understanding Main Policy Challenges
FSR C&M/FCP Joint Online Course on 5G: Understanding Main Policy Challenges

The course is organised by The Florence School of Regulation, Communications and Media (FSR C&M) and by the Florence Competition Programme (FCP), two programmes based at the Robert Schuman Centre…

Summer School on Energy Systems: Sector Coupling and Energy Modelling
Summer School on Energy Systems: Sector Coupling and Energy Modelling

The Summer School on Energy Systems will focus on the economic, policy and regulatory aspects of sector coupling in the European Union and the possible ways to model and investigate…

Summer School on the Regulation of Energy Utilities (Ljubljana Edition)
Summer School on the Regulation of Energy Utilities (Ljubljana Edition)

The Summer School on the Regulation of Energy Utilities (Ljubljana Edition) dives into the policy and regulatory efforts that Europe has undertaken to integrate the energy markets across the block…

Fundamentals of Energy Regulation
Fundamentals of Energy Regulation

The Florence School of Regulation (FSR) and the Council of European Energy Regulators (CEER) are proud to announce a unique joint course called “Introduction to Fundamentals of Energy Regulation”, to…

Power to the molecules
Power to the molecules

From technology to market uptake: power to molecules   The interactive 2-day training organised within the framework of the STORE&GO project will guide you through technical, economic, business, legal and regulatory aspects of Power-to-Gas…

Introduction to Climate Governance
Introduction to Climate Governance

Sharing the European experience on Climate Governance with policy-makers worldwide Facts about climate change are worrying citizens and policy-makers across the globe. Since Climate Change became a subject of international…

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top

MENU