Regulation of the Power Sector

17 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 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. 


  • Dates
    18 Nov 2019 - 20 Mar 2020
  • Level
  • Type
  • Workload
    4-8 hours/week
  • Register by
    28 Oct 2019

Welcome live class:18 November 2019 

The Technology and Operation of Power Systems – 18 November 2019 

Instructor: Michel Rivier – Live Class: 21 November at 2-3pm CET 

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 – 25 November 

Instructor: Tomas Gomez – Live Class: 28 November at 2-3pm CET 

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 – 2 December 

Instructor: Pablo Rodilla – Live Class: 5 December at 2-3pm CET 

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 – 9 December 

Instructor: Rafael Cossent – Live Class:12 December at 2-3pm CET 

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 – 16 December 

Instructor: Rafael Cossent – Live Class: 19 December at 2-3pm CET 

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’.  

Winter Break: 23 December 2019 – 5 January 2020 

Electrical Transmission – 6 January 2020 

Instructor: Luis Olmos – Live Class: 9 January at 2-3pm CET 

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 – 13 January 

Instructor: Carlos Batlle – Live Class: 16 January at 2-3pm CET 

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 – 20 January 

Instructor: Javier Reneses – Live Class: 23 January at 2-3pm CET 

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 – 27 January 

Instructor: Carlos Batlle – Live Class: 30 January at 2-3pm CET 

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 – 3 February 

Instructor: Luis Olmos – Live Class: 6 February at 2-3pm CET 

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 – 10 February 

Instructor: Pedro Linares – Live Class: 13 February at 2-3pm CET 

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 – 17 February 

Instructor: Pablo Rodilla – Live Class: 20 February at 2-3pm CET 

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 – 24 February 

Instructor: Pablo Duenas – Live Class: 27 February at 14:00 CET 

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: 8 March  

Peer-review deadline: 15 March 

Power Systems Live Sessions weeks: 9 – 20 March 


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 


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. 


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

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.
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 | Course Director

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
Completion rate

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