This Online Training focuses on the regulation in the water and sanitation sector.
Each day starts with keynote speakers (from DG Env, Wareg, EurEau, OECD) addressing upcoming challenges and regulatory trends in the water & sanitation sector. Mornings are then dedicated to lectures focusing on regulation purposes, customer engagement and protection, water and wastewater tariff regulation, and output-based regulation (with a focus on incentivising innovation). During afternoons, illustrative case studies are presented and discussed by water practitioners including regulators and operators.

Register by Friday 18 June 2021, 10 am CEST

Draft Programme of the 3 day Online Training

Day 1, Monday 21^st June 2021 | Introduction To Regulation, And Customer Engagement And Protection

9 – 9.30   Ms. Veronica Manfredi, Director, Quality of Life, DG ENV

Introductory words (20’ + 10’ Q&A)

9.30 – 10  Pr Andrea Guerrini, Commissionner of ARERA, Member of WAREG

Keynote speech (20’ + 10’ Q&A) – Water Regulatory Trends to 2030

10 – 12.30  Heather Smith, University of Cranfield

Introduction to WSS Regulation (what, why and how)

• Regulatory frameworks
• Regulatory agencies characteristics and missions

Customer Engagement and Protection

• Customer consultation & engagement
• Definition of customer service standards and requirements
• Resolve disputes between customer and regulated firms

12.30 – 14 Lunch break

14 – 16  Fjola Beqiri, ERRU

Case Study: Albanian Water Regulatory Authority: public hearings and complaints monitoring

• Public hearing session to actively involve customers along the tariff approval process, and ensure service quality
• Internal customer complaints regulation, procedures etc
• Template for monitoring the utility’s performance and transparency toward customer complaints

Day 2, Friday 25^th June 2021 | Water & Wastewater Tariff Regulation: Methodologies And Issues At Stake

9.30 – 10  Bertrand Vallet, Senior Policy Officer – Water Services, EurEau

Keynote speech (20’ + 10’ Q&A) – Water and the EU’s Circular Economy

10 – 12.30 Carlo Cambini, Politecnico di Torino

Tariff regulation: methodologies and issues at stake

• Cost-based regulation
• Incentive regulation
• Regulation and investments
• Yardstick competition
• Financial issue in price control

12.30 – 14 Lunch break

14 – 16 Alberto Asquer, University of London

Case Study: Routemap to delivering a Net Zero Water Sector in the UK

Day 3, Monday 28^th June 2021 | Output-Based Regulation

9.30 – 10  Xavier Leflaive, Principal Administrator, OECD

Keynote speech (20’ + 10’ Q&A) – Financing Water Supply and Sanitation: Challenges in EU Member States and Policy Options

10 – 12.30 Carlo Cambini, Politecnico di Torino

Output-based Regulation

• Additional regulated outputs:
  service quality, innovation, sustainability

Incentivising innovation

• Cross-sectoral experience sharing: example of RIIO1

12.30 – 14 Lunch break

14 – 16  Elena Gallo, Vice-Director, Water services Department, ARERA

Case Study: Italian tariff regulation schemes

• Economic components of the tariff
• Environmental and resource components of the tariff
• Decarbonisation: energy saving in the tariff

Read the speakers’ biographies

Audience

The course is designed for professionals interested in gaining in-depth knowledge over a short period of time including:

• Officials from Regulatory Authorities, and other public bodies
• Operators, Water Companies
• Policy And Decision-Makers
• Academics (Phd Students, Post-Doc)

Certificates

At the end of the course, participants will receive a certificate of attendance.

Course Fees

• EUR 500: General training fee
• EUR 250: Discounted fee for representatives of donors and academics
• 2 free admissions for “Major” donors of the FSR Water & Waste Area
• Group enrolment registration: 10% total discount on the general training fee for the registration of at least five people from the same organisation; please contact Maria.Salvetti@eui.eu

Cancellation Policy

Should you be unable to attend, a substitute delegate is welcome at no extra charge. Information on the substitute delegate should be communicated at least 4 days before the first online class.

No course fee will be applied if written cancellation requests are received at least 2 weeks before the first online class. Full course fees will be applied for cancellation requests received after this deadline.

Session: “Environmental integrity: use of offsets”

The second meeting of the Carbon Market Policy Dialogue (CMPD) of the LIFE DICET project will bring together academia, stakeholders and senior policymakers from different carbon markets worldwide in a unique process for a fruitful exchange on carbon market integration.

The project LIFE DICET supports European Union and Member States policymakers in deepening international cooperation for the development and possible integration of carbon markets. At its core, the CMPD aims to facilitate enhanced international cooperation between Emissions Trading Systems regulators, namely the European Commission (DG Climate Action), California-Quebec, China, Switzerland and New Zealand within the framework of the LIFE DICET project.

Scheduled on Friday 9 July from 4.30 PM – 7.00 PM CET, the second session of the CMPD meeting will discuss “Environmental integrity: use of offsets”. Prior to the session, the background “ETSs with different offsets provisions: implications for linking” will be shared with the participants in order to help stir the discussions. The feedback received at this occasion will be used for the preparation of final version of the report after the meeting.

The discussion will be held under Chatham House Rules. Participation at this event is by invitation only, with representatives from the European Commission, other ETS regulators, academics, NGOs, industry, and identified international experts.

Chair

• Simone Borghesi, Florence School of Regulation – Climate

Speakers

• Derik Broekhoff, Stockholm Environment Institute (SEI)
• Axel Michaelowa, University of Zurich
• Suzi Kerr, Environmental Defense Fund (EDF)
• Jason Gray, California Air Resources Board (CARB)

LIFE DICET is a project co-financed by the EU LIFE Programme of the European Commission.

Session: “Carbon leakage prevention: free allocation and other measures”

The second meeting of the Carbon Market Policy Dialogue (CMPD) of the LIFE DICET project will bring together academia, stakeholders and senior policymakers from different carbon markets worldwide in a unique process for a fruitful exchange on carbon market integration.

The project LIFE DICET supports European Union and Member States policymakers in deepening international cooperation for the development and possible integration of carbon markets. At its core, the CMPD aims to facilitate enhanced international cooperation between Emissions Trading Systems regulators, namely the European Commission (DG Climate Action), California-Quebec, China, Switzerland and New Zealand within the framework of the LIFE DICET project.

Scheduled on Wednesday 9 June from 09.30 AM – 12.00 AM CET, the first session of the CMPD meeting will discuss “Carbon leakage prevention: free allocation and other measures”. Prior to the session, the background report “ETSs with different measures for carbon leakage prevention: implications for linking” will be shared with the participants in order to help stir the discussions. The feedback received at this occasion will be used for the preparation of final version of the report after the meeting.

The discussion will be held under Chatham House Rules. Participation at this event is by invitation only, with representatives from the European Commission, other ETS regulators, academics, NGOs, industry, and identified international experts.

Chair

• Simone Borghesi, Florence School of Regulation – Climate

Speakers

• Antoine Dechezleprêtre Organisation for Economic Co-operation and Development (OECD)
• Susanne Dröge, German Institute for International and Security Affairs (SWP)
• Qian Guoqiang, SinoCarbon Innovation and Investment
• Heiko Kunst, DG Climate Action, European Commission

LIFE DICET is a project co-financed by the EU LIFE Programme of the European Commission.

Brexit and Electricity Trading

The Workshop will first discuss which form of volume coupling is best suited for governing day-ahead trading on the borders between Great Britain and the EU/Northern Ireland, taking the limitations imposed by Brexit on the possible governance arrangements. In the second part we will turn to how disputes between operators/owners of interconnectors, disputes between regulators at different ‘ends’ of the interconnectors, and disputes between the parties to the TCA might be settled in the future. The TCA provides that exemptions from requirements for third-party access, unbundling and the use of revenues already granted to gas and electricity interconnectors will continue in accordance with the same terms.

To explore these issues, the Workshop will be structured in two sessions:

• Session I will focus on the possible future framework for day-ahead electricity trading between Great Britain and the EU/Northern Ireland, aiming at maximising benefits for consumers in the EU and the United Kingdom, while respecting the limitations imposed by Brexit on the governance arrangements.;
• Session II will focus on dispute resolution. Will European law still apply to the continental end of the interconnector. Or do we have to develop a new framework? After all, EU law defines an interconnector’ as a ‘transmission line which crosses or spans a border between Member States and which connects the national transmission systems of the Member States’, but what about interconnectors that do not connect Member States – but third countries, such as the UK. Can we learn from experience with the EEA?

Background

The United Kingdom left the European Union (EU) on 1 February 2020 (Brexit) and the transition period during which most of the provisions of EU Law, including those governing the Internal Electricity Market, still applied ended on 31 December 2020.

Therefore, as of 1 January 2021, electricity trading between Great Britain, on the one hand, and the European Union and the island of Ireland1, on the other hand, is no longer governed by the body of EU primary and secondary legislation implementing the Electricity Target Model (ETM) and Price-based Market Coupling. The ETM has been developed and implemented over the last fifteen years to deliver efficient cross-border trading to maximise benefits for final electricity consumers.

On 24 December 2020, the United Kingdom and the EU concluded a Trade and Cooperation Agreement (TCA)2 for the post-Brexit period, which is provisionally applicable as of 1 January 2021. This agreement provides a framework for future electricity trading across interconnectors between the United Kingdom and the EU. This framework should promote the efficient use of the interconnectors between Great Britain and the EU/Northern Ireland, in order to preserve, as much as possible, the benefits from trading achieved when the United Kingdom was part of the Internal

Electricity Market, avoid electricity flowing in the non-economic direction on the interconnectors and thus maximise benefits for electricity consumers in the United Kingdom and the EU3.

The TCA establishes a Specialised Committee on Energy (SCE) which is tasked with addressing various matters relating to energy under the TCA4. For the day-ahead timeframe, the SCE is expected to take steps to ensure TSOs develop a new procedure based on “multi-region loose volume coupling”, and a new algorithm, by the end of March 2022.

Please note: This event is by invitation only. For further information, please contact Elena Iorio.

FSR Policy Workshop in collaboration with the Copenhagen School of Energy Infrastructure

On 15 December 2020, the Commission published its legislative proposal for the revision of Regulation (EU) No 347/2013 on guidelines for trans-European energy infrastructure (the TEN-E Regulation)[1]. The 2013 TEN-E Regulation aimed at accelerating the development of strategically important priority projects interconnecting energy networks along eight priority corridors and in the area of smart grids, against the demanding timeline of the EU 2020 energy and climate objectives. These projects are labelled Projects of Common Interest (PCIs). To achieve the PCI status, projects need to be included in the latest Ten-Year Network Development Plan (TYNDP) and, as such, they need to deliver positive net welfare benefits. Since the entry into force of the TEN-E Regulation, the European Commission has adopted four PCI lists; the last one was published on 31 October 2019[2].

The European Green Deal[3] requires a revision of the TEN-Regulation, which was already planned on the basis of the experience gained over the seven years of its implementation. However, the European Green Deal makes this revision more wide-reaching, also involving a redefinition of the objectives of the TEN-E Regulation, to align it to the new context and thus ensure that the development of energy networks enables and supports decarbonisation, by fostering the deployment of innovative technologies and infrastructure, while keeping the energy transition socially fair.

In this respect the Commission’s legislative proposal, while maintaining the main tenets of the TEN-E Regulation – e.g. the PCI status for priority projects, the possibility of an enabling Cross-Border Cost Allocation for PCIs – envisages changes in some important features of the Regulation, such as the exclusion of oil and gas network infrastructure from the projects eligible for the PCI status, the inclusion of hydrogen and smart gas grid projects, albeit subject to meeting a mandatory sustainability criterion, the requirement that total investment costs be allocated through the cross-border cost allocation and several improvements in the governance of various aspects of the TYNDP/PCI selection process.

Over the last year, the Florence School of Regulation has been working with the Copenhagen School of Energy Infrastructure to assess the experience with the implementation of the TEN-E Regulation and to identify those changes in the Regulation required better to support the new EU energy and climate goals of the Green Deal. The preliminary results of this assessment were contributed to one of the webinars organised by the European Commission as part of its consultation process, further discussed in an online roundtable on 23 June 2020 – Revision of the TEN-E regulation: an academic perspective (eui.eu) –  and presented in a Policy Brief – “Making the TEN-E Regulation Compatible with the Green Deal: Eligibility, Selection, and Cost Allocation for PCIs”.

The Workshop will aim at discussing the changes to the TEN-E Regulation proposed by the European Commission and assess how they fare vis-à-vis the new challenges faced by the energy sector and the corresponding needs for infrastructure development.

To explore these issues, after an introductory presentation by the Commission of its legislative proposal, the Workshop will be structured in two sessions:

• Session I will focus on those aspects related to the identification of the scenarios supporting the development of the TYNDP, the CBA methodologies and the PCI selection process;
• Session II will review the experience with CBCA decisions to put into context and assess the changes proposed by the Commission in this area.

Please note:

This workshop is by invitation only. For further information, please contact Elena Iorio.

[1] https://eur-lex.europa.eu/legal-content/en/TXT/?uri=celex%3A32013R0347

[2] https://ec.europa.eu/energy/sites/ener/files/c_2019_7772_1_annex.pdf

[3] https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1588580774040&uri=CELEX%3A52019DC0640

Background

The European Green Deal envisages an important role for gas in the energy transition. However, to follow this pathway, the gas value chain should be more oriented towards sustainability. Methane emissions are responsible for around a quarter of today’s global warming, second only to carbon dioxide emissions (which currently are responsible for half of global warming).

In addressing methane emissions from the energy sector, one of the key considerations is that the EU has only a minor direct responsibility (accounting for only 2.3% of global methane emissions), with the Russian Federation and the United States being responsible for 15% and 14% of global emissions, respectively. However, the EU is the largest buyer of natural gas on the international market – having a 46% share – and therefore it could well be in a position to promote the adoption of methane emission-reduction strategies and standards by the countries from which it buys gas (mainly the Russian Federation, Algeria, Nigeria, Qatar, and the United States).

One possible way of providing incentives for gas network companies to reduce methane emissions would be to include these emissions in the EU Emission Trading System (EU ETS), which has been in operation since 2005.

Against this background, the online Workshop will aim to assess the pros and cons of extending the EU ETS to cover methane emissions.

To explore these issues, after an opening session outlining the current strategies and measures to curb methane emissions in the EU, the Workshop will be structured in two sessions:

• Session I will review the state of the art in measurement, reporting and verification of methane emission, with specific reference to the requirements for the inclusion of these emissions in the EU ETS;
• Session II will review the international experience with including methane emission in tradable quota systems and assess to what extent such an inclusion in the EU ETS will be feasible and its advantages and drawbacks, and any associated challenges.

Please note

This workshop is by invitation only. For further information, please contact: Elena Iorio

This workshop on major governance challenges triggered by the current digital transformation is co-organized by the Florence School of Regulation and the Dauphine-PSL ‘Governance & Regulation Chair’.

We are witnessing the development and integration of a set of technologies that tend to radically transform the capabilities to process and circulate information, and therefore to coordinate. Indeed, these technologies now enable a seamless and ubiquitous access to information, a just-in-time and adaptive processing of this information at low cost, and an algorithmic way of guaranteeing compliance with rules. This represents a high potential for designing and implementing more agile and customized modes of coordination — thanks to the combination of horizontal information sharing, low cost contracting and decentralized enforcement—and of more responsive modes of governance; based on agile and pervasive digital capabilities enabling to quickly adapt to new information. It also supports more decentralized and organic mechanisms of governance, which might replace more hierarchical one since digital systems can support self-governed collective actions and the decentralized matching of available resources with individual needs.

As a result, several traditional mechanisms of coordination are challenged. Hierarchical organizations, for instance, are questioned by horizontal, peer-based, forms of organizations that allow rapid adaptation to incremental evolutions of needs, and resilience when shocks occur. The role of the government might of course also be questioned in this overall framework.

Bringing together a group of prominent academics and practitioners from the public and private sectors, whose research or action explore the links between digital transformation and the reshuffling of governance mechanisms, this workshop aims at enabling us to deepen our understanding of their close interactions.

Sessions

Six main topics will be covered during six online sessions, to be organised each Friday from 12:00 p.m. to 1:30 p.m. CET, from January 15th to February 19th:

Session 1

The opportunities and challenges raised by digital technologies for the economy and for society (January 15th)

Jean-Michel Glachant | Florence School of Regulation/RSCAS/EUI

Eric Brousseau | Scientific director, Governance and Regulation Chair and Club of Regulators

Robert Madelin | Chairman of FIPRA International

Margareta Chesaru | Public Affairs Manager, UiPath

Huy Nguyen Trieu | Co-Founder CFTE

Agustín Reyna | Director, Legal and Economic  Affairs

Rolf Riemenschneider | Head of Sector “Internet of Things”, DG Connect, European Commission

William E. Kovacic | Global Competition Professor of Law and Policy at George Washington University Law School

Session 2

The transformation of political governance and public institutions (January 22nd),

Maria Petrova | ICREA Research Professor at the Universitat Pompeu Fabra

Thierry Vedel , CEVIPOF-Sciences Po

Antonio Nicita | Professor of economic policy at Rome Lumsa University

Pierre Pezziardi | Entrepreneur, author, cofounder of beta.gouv.fr

Alexis Tsoukias | Scientific director, CNRS

Andrea Renda | Head of Global Governance, Regulation, Innovation and the Digital Economy (GRID) at CEPS

Sjef van Erp | Professor emeritus of European private law at Maastricht University

Session 3

The impact of digital technologies on social and civic life (January 29th)

Jean-Samuel Beuscart | Orange Labs

Doaa Abu Elyounes | Harvard University

Jamal Atif | Paris Dauphine-PSL University

Bertin Martens  | Joint Research Centre (Seville) of the European Commission

Serge Abiteboul | Autorité de Régulation des Communications Electroniques et de la Poste

(Arcep)

Miguel Amaral | The Organisation for Economic Co-operation and Development (OECD)

Bertrand Pailhès | Head of Technology and Innovation, CNIL

Session 4

The regulation of the digital industry (February 5th)

Viktor Mayer-Schönberger| Oxford Internet Institute, University of Oxford

Anne Yvrande-Billon| Autorité de Régulation des Communications Electroniques et des Postes (ARCEP)

Leigh Hancher | University of Tilburg & Florence School of Regulation / Robert Schuman

Centre for Advanced Studies / European University Institute

Denis Berthault | GFii – Groupement Français de l’Industrie de l’Information

Werner Stengg | European Commission

Martin Cave | Office of Gas and Electricity Markets (Ofgem)

Martin Peitz| University of Mannheim & Mannheim Centre for Competition and Innovation (MaCCI)

Session 5

The challenges for sovereignty, security, rights, and the rule of law (February 12th)

Jan Aart Scholte| Leiden University & University of Duisburg-Essen

Joëlle Toledano | Paris Dauphine University

João Ricardo Vasconcelos| Organisation for Economic Co-operation and Development (OECD)

Benjamin Revcolevschi | Fujitsu France

Yves-Alexandre de Montjoye | Imperial College London

Mike Bracken | Public Digital UK

Frank Bannister  | Trinity College Dublin

Session 6

Global governance and international relations (February 19th)

Howard Shelanski | Georgetown University

Winston Maxwell | Télécom Paris – Institut Polytechnique de Paris

Meryem Marzouki | French National Scientific Research Center (CNRS)

Didier Navez | Dawex

Mérouane Debbah  | Huawei R&D France

Henri Verdier | French Ministry of Foreign Affairs

Paul Seabright | Toulouse School of Economics

Learning objectives

The objective of this workshop is threefold:

• to explore how the pillars of a European approach in this area could be developed;
• to identify the levers of a research and action program to build this approach;
• to initiate a partnership to manage a work program.

The expected outcome of this workshop will combine the production of a “white paper” aimed at framing the debate, and the elaboration of a “work program” to be carried out in the framework of an initiative to be hosted by the European University Institute and a set of partners both within and beyond the academia.

Please note: this workshop is a closed event. You may find more information here.

In collaboration with:

The strategy for smart sector integration is an essential element in delivering the objectives of the European Green Deal. What impact will it make on the gas sector? In the absence of the Madrid Forum, the FSR organises a webinar to look for the challenges and opportunities of this approach.

Klaus-Dieter Borchardt, Deputy Director-General, DG Energy, European Commission, will join for the event and will provide introductory comments.

This event is on invitation only. Highlights from the workshop will be made available shortly afterwards.

The EU Commission is set to issue a Communication on Strategy for Smart Sector Integration, with legislation planned for mid-2021.

Whilst the final contents of this package are yet to emerge, it is widely expected that it will lay down the foundations for the long-term future of the EU’s gas market, setting interoperability standards for the integration of renewable and decarbonised gases into the natural gas network, guarantees of origin, and establishing principles for network development and operation. It may also define the parameters for the way in which the future zero-carbon electricity market will interact with the decarbonised gas market.

It is also likely to establish a regulatory framework for the renewable and low-carbon/decarbonised gas market. It is now widely accepted that the EU will need a great deal of zero-carbon gases in the medium to long term. Sector-coupling is the mechanism intended to ensure the integration of RES electricity and zero-carbon gases into the non-distorted single energy market of the future, driving innovation and a competitive zero-carbon market.

At the same time, however, it is emerging that the Commission will focus on actively kick-starting the future gas market, building on the experience of wind and PV, where driving demand through regulation pushed R&D, industrialisation and drove down costs. There are many different ways that the EU could catalyse a renewable and decarbonised gas market, from national targets, blending obligations, to fully exposing the fertiliser and energy-intensive industries to the ETS mechanism in combination with a carbon border tax. But no option is a ‘silver bullet’, and all have benefits and disadvantages.

Equally, smart sector integration means more than just renewable and decarbonised gases. It means developing an energy system whereby RES electricity and gases compete on a level playing field, taking account of their externalities such as CO2, in a non-distorted manner.

Please note: This workshop has been cancelled. 

Due to the COVID-19 crisis, unfortunately, this workshop will no longer take place as planned. More details on an alternative arrangement will be posted shortly. 

Thank you for your understanding. 

In this workshop, we will bring together experts from EU institutions, academia and practice to critically evaluate the role of state aid in the rapidly changing EU energy environment, from a legal, economic and industry perspective.

In particular, we will focus on:

• The role of electricity versus decarbonised conventional fuels
• The definition of state aid after the EEG 2012 case with Germany
• The revision of the state aid guidelines
• State aid in arbitration awards
• The enforcement of arbitration awards

The audience in attendance will be composed of academics, representatives from EU institutions, governing bodies, NRAs and competition authorities, industry and practice, and NGOs. Built into the programme will be ample time for open discussion among panellists and with those in attendance.

The workshop will follow Chatham House rules to allow for free discussion.

Participation in this workshop is open and without a fee. However, due to limited places, priority will be given to FSR Energy Union Law Donors and invited guests.

FSR Regulatory Policy Workshop Series 2020

The Workshop will consider these and other related issues in assessing the way in which the new structure of costs of electricity generation (from renewable energy) might require an upgrading of the current electricity market design, taking into account the need to provide correct investment signals and correct short-term market signals that preserve efficient market outcome in the long and short term.

The Workshop will be structured in two sessions:

• Session 1 will explore the likely trends in electricity market prices in the future. It will also explore which instruments might be introduced or further developed to deal with the new market price dynamics;
• Session 2 will focus on which enhancements of the current design will be required to accommodate the new instruments and any regulatory implications.

Participation in this workshop is open to representatives of National Regulatory Authorities, ACER, the European Institutions, FSR Energy Donor companies, European, national, regional and local public administrations as well as publicly-owned research centres. Priority in the allocation of seats is given to National Regulatory Authorities, ACER, the European Institutions and FSR Energy Donor companies.

Background

The electricity market in the EU, at least in the day-ahead timeframe, has been designed on the basis of single/marginal-price auctions, where, in each market time unit (typically one hour) electricity is bought and sold (in each price area) at the equilibrium market clearing price, which reflects the prices indicated in the marginal bid and offer (the “last” bid and offer accepted in the merit orders of bids ranked in descending price order and offers ranked in ascending price order).

The transition towards a decarbonised energy sector is partly based on a significant increase in the penetration of generation from renewable energy sources. Much of this generation – e.g. wind and solar – has zero or very low marginal costs, but significant fixed (capital) costs. Therefore, when this type of generation is sufficient to cover demand, the resulting equilibrium market prices are likely to be zero or very low. With an increasing penetration of generation from renewable resources, low/zero prices will become more frequent, which will raise the issue of the recovery of fixed costs for these technologies, as well as for other technologies which may still be needed to cover demand as back-up capacity or at times when renewable energy generation is not sufficient.

The resulting profile of market prices may, therefore, be characterised by many periods of low/zero prices and some periods when prices might be very high to allow the recovery of the fixed costs of the generation capacity mix.

This greater variability of market prices represents a risk for generators and may discourage investment in generation capacity. This is the issue that capacity remuneration mechanisms aim to address, by providing a more stable stream of revenues for generators and other resources needed to balance electricity demand and supply. High variability of electricity prices might also represent a risk for consumers, who may prefer more predictable and stable price levels.

Therefore, beyond the introduction of capacity remuneration mechanisms, which should be the very last resort (as also indicated in the Clean Energy Package legislation), the issue arises of whether additional trading instruments should be developed which might be used to hedge the somewhat symmetric risks faced by generators and consumers.

Deadline for registration: 1 November 2020

This workshop aims to present the main mutual activities of Florence School of Regulation (FSR) and Perusahaan Gas Negara (PGN), and explore areas of further cooperation. In particular, PGN will give an overview of the current developments in the Indonesian gas market, while FSR will present the main activities carried on by FSR Gas and other areas of potential interest.

PGN will be provided with an overview of the recent initiatives in terms of research, training and policy debates, in order to explore and discuss potential cooperation and future partnerships. The findings of the very recent FSR Research Project “Definition of a Roadmap for the Establishment of a Gas Transportation National Dispatching Centre in Indonesia” will be presented. The workshop will conclude with an open discussion on how to consolidate the cooperation between FSR and PGN to address future challenges and to successfully solve them.

The FSR and PGN have been cooperating since 2015, by engaging in research on topics of common interest and exchanging views on how to address specific regulatory and policy issues relating to gas markets.

Participation is by invitation only.

The workshop on variable generation, flexible demand is organised by the Florence School of Regulation in partnership with Menlo Energy Economics.

For decades, utilities have been predicting electricity demand and dispatching generation units to meet it.

The current energy transition and the growing role of intermittent renewable energy sources make such a traditional way of operating the electricity system no more the most efficient nor reliable.

In the future, we will increasingly be predicting variable renewable generation and schedule demand to match it. A more sophisticated involvement of the demand side in system operation will be required.

In liberalised electricity systems, it is the task of firms and markets to identify new ways to elicit the provision of flexibility by network users and end consumers.

Building on the success of its previous edition in February 2019, this workshop will investigate new business models that are emerging in the electricity sector.

Participants from the industry, academics and representatives of public institutions will be able to brainstorm freely and share ideas on where, and how, value can be created in the electricity sector of the 21^st century.

Scientific organisers:

• Jean-Michel Glachant (FSR)
• Nicolò Rossetto (FSR)
• Fereidoon Sioshansi (Menlo Energy Economics)

Join the discussion online using the hashtag #FlexDemand