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Introduction to the Regulation of Gas Markets

7 November 2018 – 15 March 2019 | Online

The new FSR online training on Introduction to the Regulation of Gas Markets will provide you with a basic knowledge of how the gas markets regulation works, starting from its technical and economic fundamentals, and including key policies implications and debate.

While learning the basic features, you will be able to understand and link this fundamental knowledge with a higher-level expertise or with the more practical, real cases that you’ll be encountering in your daily work. 

The gas online course comprises 12 lessons or modular topics. Every lesson includes a video lecture, online quizzes, and exercises, communicative activities as well as a live class with the instructors once a week. Depending on your level of expertise in the subject, the workload can vary between 4 and 6 hours/week.

Get specialist insight into:

  • How the global gas market functions
  • How the specific, techno-economic features of gas affect the market
  • How gas tariffs and balancing are defined
  • What regulatory principles are applied in a liberalised gas market
  • Broad overview of regulatory experiences: differences between the main gas market models
  • Special focus on gas regulatory developments in Europe: the liberalisation packages, infrastructure, climate & efficiency directives


  • Overview

    This course provides the complete view on the gas market fundamentals that everyone from the energy industry needs to know. The course is given by the top experts of the FSR Gas Faculty, belonging – in a perfect mix – to the academic or real practice world.
  • Why this course matters

    The gas market has undergone profound changes in the course of the last 20 years. Global economic trends, technology evolution and political developments have contributed to shaping the basic features of gas trading and the structure of gas markets worldwide.

    Europe is a particularly interesting example, where the consequences of the liberalisation process started in the late 1990s have removed most of national barriers and generated a more liquid and integrated European gas market. The process is still far from being perfected or even completed, and few important challenges still lie ahead.

    This course will start from the basic “physical” features of gas as a commodity and which impact they have throughout the whole gas production and supply chain – focusing also on the interaction with other sectors and energy sources. We will also analyse and find out how gas regulation works and which aspects of the gas market are the most relevant and challenging in regulatory terms.

    We will analyse different models to understand how such challenges have been dealt with in various countries worldwide.

    Finally, the course will provide you with an overview of the current debate on gas at regulatory and policy level, in Europe and elsewhere.

    Ilaria Conti and Michelle Hallack, Course Directors
  • Ideal Knowledge Level

    This course targets individuals approaching gas system regulation, or those who wish to deepen their understanding of gas markets. No specific background is required to follow the course as it is designed as an entry-level course. Placing emphasis on course accessibility to professionals from all backgrounds not only enhances the learning experience, but also encourages knowledge-sharing and creates great opportunities for networking.
  • Learning approach and course activities

    The course is a highly innovative experience. While it takes place completely online, it makes use of the social possibilities of in-class instruction through modern online tools and media.

    The learning content is divided into 12 modules, and at the core of each module is a live online class with the instructor. The class draws on your progress and input, addresses the points you have defined as significant during the module and allows you the perfect opportunity to have a real influence on the content.

    In addition, you will have all the online tools at hand: you will watch videos, take part in forum discussions, access diverse reading material as well as take quizzes and polls. During the course you will have a chance to work on cases discussed in the world of natural gas together with the specialists of the field.

    This prosumer approach to learning guarantees the best possible learning outcomes.

  • Course Directors

    Ilaria Conti is Head of Gas at the Florence School of Regulation.

    Her main fields of expertise concern EU institutional relations and EU electricity and gas regulation.

    She spent about 9 years in Brussels, working for the the Permanent Representation of Italy at the EU, the United Nations and, from 2005 until 2013, for EFET, the “European Federation of Energy Traders” covering various positions within the association. She has been EFET Communications Director and Policy Advisor for the EFET Gas Committee, Task Force Iberia, Task Force CEE and the EFET Board.

    In 2008 she founded EFET Italy, which she led until 2013. Representing EFET, Ilaria actively took part in the consultative processes with the EU Institutions – leading to the development of major EU regulations and Directives such as the Third Energy Package, the RES Directive, EMIR, REMIT, Security of Supply regulation. At the same time, she contributed to the implementation process of EU energy regulation in several EU countries, by facilitating the exchange of best practices and engaging in a continuous dialogue between the energy industry and national authorities such as Ministries, national TSOs, NRAs. Before joining FSR, she worked from 2013 until 2015 for ENOI S.P.A., where she covered the new role of Institutional and Regulatory Affairs Manager.

    Ilaria joined FSR in 2015 as Energy Policy Deputy and in 2017 she was appointed Head of the new FSR Gas area.

    She has been the Managing Editor of the IAEE publication “Economics of Energy & Environmental Policy” until 2016 and participates as a member of the Advisory Panel for the CEER study on “Future role of gas from a regulatory perspective”.

    Michelle Hallack is currently Professor of Economics at the Fluminense Federal University of Rio de Janeiro, Brazil.

    Her research interests cover Natural Gas Market, Network Regulation and Development and Integration of a European Energy Market from below.

    Michelle studied Economic Sciences at the University of Campinas (UNICAMP) in Brazil, Industrial Economics at the Federal University of Rio de Janeiro in Brazil and Economics and Management of Network Industries at the University of Paris Sud XI in France and at the University of Comillas in Spain.

    At the EUI she has collaborated to the research activities since 2009. Michelle presented here research at numerous international conferences and published academic articles on the topic of Natural Gas Network Regulation and Development.

    Michelle holds a PhD from the University of Paris Sud XI of Economics, she also holds a M.Res from Federal University of Rio de Janeiro, an European Master Diploma (EMIN) and a Diploma in Economics Sciences of the State University of Campinas.

  • Structure of the Course

    Welcome to the course

    Live Class: 7 November 2018, 14:00 CET

    Gas Demand and Supply dynamics

    7-14 November 2018
    Live Class with Paolo Natali on 14 November 14:00 CET

    Gas key actors and functions

    15-21 November 2018
    Live Class with Ilaria Conti on 21 November 14:00 CET

    Techno-economic Characteristics of Natural Gas

    22-28 November 2018
    Live Class with Michelle Hallack on 28 November 14:00 CET

    Flexibility Tools for Gas Market

    29 November – 5 December 2018
    Live Class with Pablo Duenas on 5 December 14:00 CET

    Basic principles of gas regulation in a liberalised market: main regulatory models

    6-12 December 2018
    Live Class with Miguel Vazquez on 12 December 14:00 CET

    Defining gas transport and distribution capacity

    13-19 December 2018
    Live Class with Michelle Hallack on 19 December 14:00 CET

    Holiday break

    20 December 2018 – 9 January 2019

    Institute Closed 24 December 2018 – 4 January 2019

    Defining balancing services

    10-16 January 2019

    Live Class with Miguel Vazquez on 16 January 14:00 CET

    Defining tariffs

    17-23 January 2019
    Live Class with Sergio Ascari on 23 January 14:00 CET

    The Evolution of EU Gas Policies: “the Packages”

    24-30 January 2019
    Live Class with Ilaria Conti on 30 January 14:00 CET

    Other EU Gas Policies : infrastructure, climate, efficiency

    31 January – 6 February 2019
    Live Class with Aad Correlje on 6 February 14:00 CET

    Security of supply

    7-13 February 2019
    Live Class with Ilaria Conti on 13 February 14:00 CET

    Main target models: Europe, USA, Victoria, Latin America

    14-20 February 2019
    Live Class with Ilaria Conti and Michelle Hallack on 20 February 14:00 CET

    Group work delivering

    27 February 2019

    Course Completion

    15 March 2019
  • Course Certificates

    At the end of the course, the participants can earn a Certificate of Attendance, a Certificate of Completion or a Certificate of Excellence, depending of their performance and engagement throughout the course.

  • Fees

    • General fee: 800 €
    • Students fee (with certificate of current studies): 400 €
    • Two free seats for FSR Energy Major Donors
    • One free seat for FSR Energy Associate Donors
  • 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.

Register here

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