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Annual Training on the Regulation of Energy Utilities

30 September 2019 – 5 June 2020 | Florence & Online

Early Bird Special: 10% discount if you register by 15 July 2019!

The most comprehensive training on the regulation of the energy sector in Europe, developed for regulators specifically for National Regulatory Authorities and the regulatory affairs departments of energy companies.

Get specialist insight into:

  • The theory and principles of regulation and competition
  • Models of restructuring and regulation
  • Wholesale and retail electricity and gas markets
  • Regulation of electricity and gas networks and infrastructure development
  • And many more. See the full list below!

The line-up of speakers includes European leaders, former regulators, renowned academics and industry specialists.

  • Overview of the FSR and the Annual Training

    The FSR was established by the Council of European Energy Regulators as a centre of excellence for the independent discussion and dissemination of knowledge on European Energy and Climate regulation and policy. Institutionally, the FSR sits as a program of the Robert Schuman Centre for Advanced Studies of the European University Institute in Florence, Europe’s intergovernmental institution for doctoral and postdoctoral studies and research. The FSR director (currently Jean-Michel Glachant) is the holder of the Loyola de Palacio Chair, established by the European Commission in 2008 to foster permanent common policy debate for the integration of the energy markets.

    The FSR Annual Training on Regulation of Energy Utilities is the most comprehensive program on the regulation of the power and gas sectors in Europe. Its objective is to provide those working for regulatory authorities, market operators, market monitoring agencies and regulatory divisions of energy companies with the broadest knowledge of the key energy regulatory principles needed in their professional practice. A successful student will understand the principles of regulation and the regulatory structure of the energy industry through theory and practice. The Annual Training provides different perspectives and experiences on energy regulation on topics such as regulatory models, monopolistic versus competitive activity, wholesale and retail energy markets, electric power transmission, quality of supply, fundamental legal procedures, tariff design and several others.

    The Annual Training has been developed by renowned energy regulators. It brings together an exclusive line-up of speakers made up of European leaders, former regulators, leading academics and industry specialists and practitioners.
  • Format

    The Annual Training provides an exclusive program over a nine-month learning period under three major blocks as follows:

    • Block I: 30 September to 4 October 2019: Residential training week in Florence. A week-long introductory course in Florence covering in detail the fundamental principles of regulation, markets, networks and the regulatory institutional framework.
    • Block II: 14 October 2019 to 3 May 2020: 15 two-week online modules. A seven-month online course during which energy regulatory principles and case studies are studied together in-depth in a well-structured, flexible e-learning environment that features interactive discussion and virtual activities.
    • Block III: 1 – 5 June 2020: Residential training week in Florence: In this block, participants return to Florence for a week-long discussion of applied case studies and hands-on individual and group practice. The final day of the Annual Training is devoted to a workshop where top industry specialists are invited to discuss with participants the issue of energy and sustainability.
  • Training Objectives

    The Annual Training’s main objective is to provide students with the necessary information to help them take adequate positions on competition, the integration of markets and networks, quality of service, economic efficiency, the cost-effective development of infrastructure and security of supply, with the ultimate goal of protecting the interests of consumers and the better integration of market participants and networks into a common European energy market. The training also seeks to develop the student’s ability to contrast and balance the different views and interests that normally arise in a regulatory decision making process involving different stakeholders.
    The following are the specific objectives of the training, the fundamentals of which are studied in Block I and covered in detail in each of the 15 online lessons of Block II.

    • To provide a detailed view of the physical and institutional structure of the electricity and gas sectors
    • To elucidate the fundamental principles of regulation and competition policy
    • To provide an overview of the principles of regulatory economics for the regulation of monopolies and competitive activities and to classify the different elements required for the proper functioning of competitive markets
    • To describe the various regulatory models and the restructuring process of the electricity and gas sectors including a detailed view of the institutional structure for energy regulation and policy making in Europe
    • To compare the different approaches put forth for the regulation of transmission and distribution networks as natural monopolies
    • To categorise the regulatory and technological challenges for the widespread inception of retail markets and the new opportunities brought about by them
    • To contrast the electricity and gas industries recognising the common challenges that each sector is expected to face towards the completion of the European internal energy market
    • To analyse, in an interactive manner, illustrative legal cases faced by regulators so that the students are aware of the measures taken to settle the cases and are able to apply the measures in their own practice

    Furthermore, the Annual Training seeks to:

    • Create an environment of productive discussion and interaction among students and top professionals from a wide range of institutions involved in the regulation of the energy sector in Europe
    • Build critical thinking among all participants through provocative discussion under the guidance of the instructors
    • Foster group work for the collaborative building of knowledge in an educational setting
    • Facilitate the growth of a fruitful professional network among participants and instructors
  • Course Contents

    • Electric power and gas systems: Structure, organisation and functioning
    • Theory and principles of regulation and competition
    • Models of regulation. Restructuring of the electric power and gas industries
    • Regulatory institutions and national regulatory authorities
    • Regulatory economics: Monopolistic activities and approaches to price control
    • Regulatory economics: Competitive activities
    • Quality of service in electricity and gas
    • Energy systems and the environment
    • Traditional regulation of energy utilities
    • Electricity transmission and distribution networks
    • Gas networks
    • Electricity markets: wholesale and retail
    • Gas markets: wholesale and retail
    • Tariff design
    • The legal framework and legal cases in EU energy regulation
    • Environmental regulation
  • Course Director

    Ignacio J. Pérez-Arriaga MS and PhD in Electrical Engineering from MIT, and Electrical Engineer from Comillas University in Madrid. He is the Director of Training at the Florence School of Regulation. Since 2008, he has worked as a visiting professor at the Center for Energy and Environmental Policy Research (MIT, Boston, USA). Professor and Director of the BP Chair on Sustainable Development at Comillas University, Madrid, and founder and director for 11 years of the Institute for Research in Technology (IIT).

    Commissioner at the Spanish Electricity Regulatory Commission (1995-2000), Independent Member of the Single Electricity Market Committee of Ireland (2007-2012), Life member of the Spanish Royal Academy of Engineering and Fellow of the IEEE and member of the Board of Appeal of Europe’s Agency for the Coordination of Energy Regulators (ACER).

    Ignacio is a review editor of the 5th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC), consultant and lecturer on energy regulation in more than 30 countries. He is the author and editor of several books, more than 200 papers, principal investigator in more than 90 projects and supervisor of 35 doctoral theses and more than 100 master theses. His current areas of research are future trends in energy regulation, strategic issues in universal energy access, and operation and planning of power systems with a strong presence of renewable generation and other decentralised resources.

  • Target Group, Knowledge and Eligibility

    The course is 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. An educational background in engineering, economics or law is strongly recommended. All the training is given in English.

    Participants will receive a response regarding their admission after the registration deadline.

  • Learning Portfolio

    Residential Blocks:

    • Lectures with interactive tools: The instructors will provide a lecture focusing on the key theoretical concepts complemented by illustrative real current examples and case studies from the industry. Interactive tools and activities involving the participants are put forth to enhance the discussion and the learning experience
    • Q&A sessions: An interactive Q&A session follows each lecture in order to clarify the main concepts and to stimulate active discussion
    • Group work activities are implemented to facilitate the learning outcomes, foster collaboration, skills and competencies for participants

    On-line Lessons:

    • Quiz: A self-assessment quiz will give participants an overview of the content and will give them information about the knowledge level
    • Reading and video material: the most updated material will be provided by the instructor of each lesson. The self-study materials let participants find out and understand the content of each lesson
    • Assignments: Following the provided material, participants will be asked to submit two assignments. Individual feedback will be provided to participants
    • Forum Discussions: In each module, the corresponding instructor will moderate a forum discussion. This activity will give participants the opportunity to ask questions related to the main topic, share their knowledge and country case studies, express their opinions and interact with their colleagues. Participants will be able to submit their own questions and propose topics for discussion based on their own experience.
    • Multimedia resources: Participants will have access to extra FSR resources (lectures, interviews, policy briefs, working papers). Dig in deeper material will let them widen their knowledge about issues related to course topics
  • Conditions for Completion

    Completion of Block II is determined by different activities and tasks including:

    • Reading and watching the provided material
    • Taking a self-assessment quiz
    • Submitting two mandatory assignments:
    • Short answers to specific question
    • Case study
    • Actively participating in the forum discussions

    These activities will be graded as follows:

    • Forum discussion (voluntary)
    • 40% – short answers/quiz (mandatory)
    • 60% – case study (mandatory)

    There are three types of certificates that can be earned at the end of the course.

    The participants who do exceptionally well will receive a letter of recommendation from the Course Director in addition to the certificate. The letter will be sent to the supervisor of these participants or equivalent position, as indicated by the participant.

    Certificate of Excellence: The average of the graded activities is Excellent. The certificate of excellence may also be given to a participant who got many star comment badges and an average of Good in the graded activities.

    The top students will receive a letter of recommendation signed by the course director, addressed to their head office.

    Certificate of Completion: The average of the graded activities is Good, Adequate or Minimally Acceptable. The certificate of completion may also be given to a participant with a lower average if they achieved many comment badges.

    Certificate of Attendance: If the average of the graded activities is less than Minimally Acceptable, the participant will receive a certificate of attendance.

  • Faculty

    Residential blocks (Block I and III)

    Ignacio Pérez-Arriaga is the Training Director of the Florence School of Regulation. Please refer to his bio in the ‘Course Director’ section above.

    Alberto Pototschnig is Director of the Agency for the Cooperation of Energy Regulators (ACER). He was formerly Partner and Deputy Chairman of Mercados Energy Markets International, as well as an adviser to the Director of the Florence School of Regulation. Alberto is an economist and econometrician by training with extensive experience in energy policy, regulation and market design issues, with a focus on European markets. After seven years in the consultancy business with London Economics, Alberto joined the Italian Energy Regulatory Authority in 1997. As the Director of electricity regulation, he was responsible for the design and implementation of technical and economic regulation for the electricity sector. In 2000 he was appointed CEO of the Italian Electricity Market Operator, and later joined the Italian Transmission System Operator (TSO).

    Jacques de Jong (Master Degree in International Economics, 1971, Erasmus University Rotterdam) has gained years of experience in national and international government energy policy making. He joined the Dutch ministry of economic affairs in 1971, working on oil policies (dealing with the new IEA) to become deputy director for Electricity and Nuclear Energy in 1980, changed in 1994 as account manager for the energy utility sector, dealing with energy market liberalisation policies and legislation and appointed in 1998 as the first Dutch energy regulator. Thought his career he has been active in IEA-, OECD/NEA and EU negotiations, having various positions as (co-, vice-) chairs and co-founder of the CEER. Today he is vice-chair at ACER’s Board of Appeals. Since 2003, de Jong has worked as a senior fellow at Clingendael Energy, continuing after retirement in 2010, on a part-time basis. He has published numerous publications and papers (see www.clingendaelenergy.com).  

    Denis Cagney is the former Director of Energy Networks, Renewables and Legal Affairs with Ireland’s energy regulator, the Commission for Energy Regulator (CER). Denis is a lawyer and economist by training. Prior to joining the CER, Denis headed up the EU/Competition Law Unit within Matheson Solicitors, one of Ireland’s largest law firms from 1992 to 2000. Denis has also worked with the Directorate General for Competition at the European Commission.

    Pippo Ranci Professor of Economic Policy (retired) at the Università Cattolica, Milano and part-time Professor at the European University Institute (EUI), Florence. He is a member of the Board of Appeal at the Agency for the Cooperation of Energy Regulators (ACER). Between 1996 and 2003 he was President of the Italian Regulatory Authority for Electricity and Gas and from 2003 vice president of the Council of European Energy Regulators. Between 2004 and 2008 he was Director of the Florence School of Regulation.

    Sergio Ascari is a senior consultant with REF and is the Gas advisor of the Florence School of Regulation. He has been the natural gas expert in the regulatory section of the Energy Community Secretariat in Vienna. For 9 years, he worked at the Italian Energy Regulatory Authority in Milan, where he was in charge of the development of new gas tariffs and of the environmental unit, later he took part in capacity building and training activities in the regulatory Authorities of the Czech Republic, Lithuania, Turkey, Ukraine and others. Earlier he had worked for 14 years as a Researcher and Lecturer on energy and environmental economics at Bocconi University of Milan and the University of Pavia. He obtained a M.Sc in Economics at the University of York.

    Rudi Hakvoort holds a M.Sc. degree in Applied Physics (Delft University of Technology, The Netherlands), and a Ph.D. degree in Applied Physics (Delft University of Technology, The Netherlands). Mr. Hakvoort has in-depth knowledge and experience in the area of energy network regulation and market functioning. As an associate professor at the faculty Technology, Policy and Management of the Delft University of Technology, he currently studies the design and organisation of liberalised energy markets. From 1998 to 2005, Mr. Hakvoort directed the Market and Infrastructure department of the Dutch Office for Energy Regulation where he was responsible for network quality and capacity development, interconnection, congestion management, market design, and market surveillance, as well as the NorNed-cable, the 700 MW DC link between the Netherlands and Norway. Between 2000 and 2004, he served as Chairman of the Working Group on Congestion Management, a project of the Council of European Energy Regulators.

    Aad Correljé is attached to the Economics of Infrastructures section of the Faculty Technology, Policy and Management, TU Delft, as an associate professor. He is a research fellow with the Clingendael International Energy Programme (CIEP) of the Netherlands institute for International Affairs Clingendael. He is a Member of the Editorial Board of the academic journal Energy Policy and an instructor at the Florence School of Regulation.

    Laurens de Vries is an Associate Professor at the Faculty of Technology, Policy and Management of Delft University of Technology. Laurens studied Mechanical Engineering in Delft, specialising in environmental and energy technology and obtained a second Master’s Degree, in Environmental Studies, from the Evergreen State College (Olympia, Washington State, USA) in 1996, focusing on environmental economics. He obtained his Ph.D. in June, 2004 from Delft University of Technology, this time at the Faculty of Technology, Policy and Management. He researches and teaches in the field of electricity market design. His focus is on the long-term development of European electricity markets, in particular on the impact of various policy instruments on investment in generation and transmission.

    Andy Burgess works at Ofgem’s two network divisions and brings together policy thinking across the different types of energy networks – transmission and distribution in both electricity and gas. He is particularly involved on the distribution side in developing thinking on smarter grids, network innovation connections and stakeholder engagement on gas transmission policy and charging. He is Co-Chair of the CEER (European Regulators) Smart Grids Co-ordination Group.

    Michel Colombier has been a co-founder and Scientific Director of the Institute for Sustainable Development and International Relations since 2002, and an associated Professor at Sciences-Po Paris. He has developed a wide operational expertise in the field of Energy and Environment Policy design, but always maintained a strong connection with the University, teaching and developing research activities. He was before Director General of ICE (International Consulting on Energy) developing activities at both local (cities, regions) and international level (governments, international institutions and firms), Senior Advisor in the cabinet of the Minister of Energy, Head of the “strategy and evaluation” Department of Ademe (French Agency for Environment and Energy); and Programme Manager for the Ministry of Environment in Portugal. He has also served as member of the Scientific and Technical Advisory Panel of the GEF (Global Environment Facility) and the FFEM (Fonds Français d’Environnement Mondial), negotiator in the UNFCCC process and director of the Board of Climate Strategies (London).

    Elena Fumagalli is an Associate Professor of Energy Economics at Politecnico di Milano, Dep. of Management, Economics and Industrial Engineering and a Research Fellow at Bocconi University, Center for Research on Energy and Environmental Economics and Policy (IEFE). She also works as a consultant for the Italian regulatory authority for electricity and gas and as an instructor for the FSR. Her research focuses on incentive regulation in energy networks as well as on competition in electricity wholesale markets. She is the author of a number of publications on both subjects.

    Martin Godfried is an economist with 15 years of experience in regulation, anti-trust and mergers in energy markets. In 2011, he joined ACER (the European Agency for the Cooperation of Energy Regulators) where he is now responsible for monitoring energy markets. Previously, he worked for six years at the European Commission in DG Competition where he contributed to several high-profile energy cases and he wrote several chapters in the European Commission’s Energy Sector Inquiry. Before that he worked at the Dutch energy regulator, the Netherlands Competition authority and the OECD in Paris.

    Rocío Prieto is the Subdirector of gas of the Energy Division of CNMC, Spain’s regulatory agency for markets and competition.

    Ernesto Bonafé is the expert in Trade at the Energy Charter and former researcher of the Florence School of Regulation.

    Online block (Block II)

    Module 4. Monopolistic activities & Module 10. Electricity distribution

    Rafael Cossent obtained a degree in Industrial Engineering, majoring in electrical engineering, and a PhD degree from Comillas Pontifical University (Madrid). Since 2007, he has been working at the Institute for Research in Technology (IIT) of Comillas University, participating in several Spanish and European research projects dealing with technical, economic and regulatory aspects of the integration of renewable and distributed generation, demand response and smart distribution grids. He has published several papers on these topics for international conferences and journals. Rafael Cossent has been a visiting researcher at INESC (Porto-Portugal) and at Heriot-Watt University (Edinburgh-Scotland).

    Module 5. Competitive Activities

    Pablo Rodilla is a Research Fellow with Comillas Pontifical University‘s Institute for Research in Technology (IIT). He is interested in fundamental and quantitative electricity market modeling, market design and regulation for wholesale electricity markets, competition and strategic behavior analysis, security of supply mechanisms in competitive power systems, regulatory mechanisms focused on environmental policies.

    Module 6. Wholesale Electricity Markets & Module 12. Electricity retail markets

    Carlos Batlle is an Associate Research Professor at the Institute for Research in Technology (IIT) of the Comillas Pontifical University in Madrid, Visiting Scholar at the MIT Energy Initiative (MITEI) of the Massachusetts Institute of Technology (MIT) and member of the Training Program for European Energy Regulators at the Florence School of Regulation within the European University in Florence. He has headed more than 20 research projects and has taken part in more than 60. He has worked and lectured extensively on operation, planning and risk management of electric generation and networks, and particularly on regulatory issues concerning electric power systems, with special focus on market design and regulation for wholesale and retail electricity markets. In this latter topic he has been a consultant for governments, international institutions, industrial associations, and utilities in more than 20 countries, with special focus on Latin American power systems. He has also written more than 20 papers for national and international journals and conference proceedings.

    Module 7. Electricity transmission

    Michel Rivier is Full Professor at the Electrical Engineering Department, Comillas Pontifical University. He has participated in several consultancy and research projects concerning operation, planning, economy and regulation of electricity energy systems for several Spanish and foreign firms and regulatory commissions related to the electricity industry.

    Module 8. Gas markets

    Aad Correljé (see bio above).

    Module 9. Gas networks

    Sergio Ascari (see bio above).

    Module 11. Quality of service regulation

    Elena Fumagalli (see bio above).

    Module 13. Electricity Tariff Design

    Javier Reneses is a Research Fellow with Comillas Pontifical University‘s Institute for Research in Technology (IIT). He is interested in the operation, regulation and planning of power and natural gas systems, and tariff design. 

    Module 14. Regulatory authorities

    Ernesto Bonafé (see bio above).

    Module 15. Environmental Regulation

    Rudi Hakvoort (see bio above)

  • Fees

    The registration fee is 4,700 EUR.

    The registration fee covers:

    • The two residential training modules in Florence plus the 12-weeks online close guidance and direct interaction with the module leader
    • Access to the accompanying online platform during the residential weeks
    • Access to the material and interactive session discussions with the instructors of the 12 online lessons of Block II
    • Besides the intensive daily training sessions, the residential modules include:
      • Coffee breaks and lunch
      • A guided tour of Florence
      • A visit to Castello di Trebbio in the Chianti region of Tuscany for a wine tasting session and dinner
      • Shuttle transportation between Florence city centre and the training venue every morning and back in the afternoon
    • A certificate of Excellence, Completion or Attendance
    • A copy of the book “The Regulation of the Power Sector”, Springer, ISBN 978-1-4471-5034-3, authored by the Training Director, Ignacio Perez-Arriaga, the most comprehensive reference on the topic in e-book format (a 167 EUR value). For an additional 20 EUR, students can receive a printed version of the book directly from the publisher.
  • Annual Training vs Online Training

    The FSR is now offering two comprehensive multi-month programs on the regulation of the energy sector:

    • The FSR Annual Training on Regulation of Energy Utilities covers the fundamental, as well as advanced topics, on the regulation of markets and infrastructure (networks) for both electricity and gas, with a prominent focus on Europe. The Annual Training also covers in detail present and future key policy issues such as security of supply, renewable energy and sustainability. The Annual Training covers 27 weeks of learning (residential in Florence and online) for a total of 250 hours of training. The target group comprises entry-level regulators as well as senior professionals of regulatory offices with multi-year experience in regulation.
    • The FSR Online School on Fundamentals of the Regulation of the Power Sector covers the fundamental topics of the regulation of the electricity industry under a worldwide perspective. The online school covers a 16 weeks program for a total of 128 training hours. The course is designed for entry-level regulators or professionals from other areas looking for a comprehensive view of the regulation of the power sector.


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