The Fundamentals of Energy and Utility Regulations training course provides an insight to the wide range of issues necessary for professionals in any energy regulatory environment. The training course offers a comprehensive, unbiased overview of the world of energy regulation and the fundamental aspects of each energy regulation issue. The training course will consider emerging issues associated with restructured electric energy and capacity markets as well as international practices affecting the natural gas and electric industries.
Delegates will gain extensive knowledge of the fundamental principles of the regulation of the energy and utility sectors through theory and practice and will rapidly increase their understanding of taking adequate positions on competition, the integration of markets and networks, quality of service, and security of supply, with the ultimate goal of protecting the interests of consumers and the better integration of market participants into an appropriate energy market.
This Energy Training Centre training course will highlight:
- Fundamentals of energy regulation
- The development of energy tariffs and legal framework
- Aspects and steps of managing the transition to energy market competition
- Electricity sector reforming and pricing environmental pollution
- Dispute resolutions in a regulated market
The objective of this training course is to enable participants to apply the knowledge and understanding gained at the programme to increase their knowledge of regulatory issues and processes, with focus on the principles of regulation, as well the key skills required to participate in regulatory proceedings. This will help the participants to gain practical insights into managing and enhancing their areas of practice.
At the end of this Fundamentals of Energy and Utility Regulations training course, the participants will learn to:
- Understand the principles of energy and utility regulation
- The role of energy regulator and related issues
- Understanding and negotiating energy and utility contract structure and formation
- Grasp and apply dispute resolution methods from a regulator perspective
- The elements required for the proper functioning of competitive markets
- Interpret regulatory models and the restructuring process of the electricity and gas sectors
The Fundamentals of Energy and Utility Regulations training course will provide the participants a perfect opportunity to advance and sharpen their skill sets in understanding the energy and utility regulation and basics of how to regulate the commercial and legal activities of energy and/or enterprises through an interactive session with role-playing, case studies, group discussions, and scenarios building of negotiation with an energy regulator involving interactive role play by the participants.
This Fundamentals of Energy and Utility Regulations training course offers a unique opportunity to rapidly increase your understanding of the energy regulators and the fundamental aspects of each energy regulation issue and improve your negotiation techniques, and skills in handling issues relevant to regulation for professionals involved nationally and internationally in the energy and utility sector.
The organisation will benefit from this Fundamentals of Energy and Utility Regulations training course through:
- Gaining expertise and improving knowledge and skill sets of personnel dealing with areas of legal and policy risks in handling energy and utility regulation
- Various workshops and exercises the ability to appreciate and understand the current international practices in energy and utility regulations
- How to mitigate risks when dealing with regulatory matters in the energy market
- Enhancing the contract personnel negotiation skills
- Understanding the importance of Alternative Dispute Resolution (ADR) from a regulator perspective
The participants will gain knowledge by attending this training course, as a result:
- A unique opportunity to rapidly increase your understanding of the fundamentals of energy regulations and emerging issues associated with restructured electric energy and capacity markets
- Improving the negotiation techniques and skills in international context affecting the natural gas and electric industries
- Choosing the most appropriate form of dispute resolution and how to draft a suitable Alternative Dispute Resolution (ADR) clause from a regulator perspective
- Enhancing your ability to understand the role and function of a regulator in the energy and utility sectors
The Fundamentals of Energy and Utility Regulations training course is specifically designed for professionals actively involved, or likely to be involved, in the regulatory aspect of the energy and utility markets and all those who need an understanding of the role of regulator in the energy sector, including issues around negotiations and dispute resolutions.
This training course is suitable for a wide range of professionals but will greatly benefit:
- Senior government officials and energy regulators
- Power and natural gas market planners
- Utility managers
- Transmission and distribution system operators
- Commercial lawyers and consultants
- Strategy & project managers
- Senior and middle-level commercial managers
Day One: Background to Energy and Utility Regulation Framework
- Background to the energy and utility markets
- Structure used in regulating the energy and utility market
- Definition of regulation and why regulate?
- What can be regulated?
- Competition, integration, ownerships and system development
- Who regulates and the types of energy and utility regulation?
- The legal framework and energy/utility contracting
- Mandatory elements of a legally enforceable contract
Day Two: The Legal Framework of Energy and Utility Contracts & Negotiations
- Energy and utility contracting
- Contract formation, terms and conditions, and interpretation of contract terms
- Assessing available remedies for breach of contract (rescission, compensatory damages
- Consequential and incidental damages, liquidated damages, specific performance, injunctive relief)
- Regulation issues for sustainable generation
- Principles of energy regulations
- Independence
- Transparency
- Investor and consumer protection
- Energy contract negotiations
- Negotiating techniques and strategies,
- Re-negotiations of energy and utility contracts
Day Three: The Role of Energy and Utility Regulator
- The need to regulate the energy and utility sector
- The purpose of a regulator
- Setting up an energy regulator
- Building a credible energy regulatory arrangement
- Energy market
- Capacity market
- Electricity sector reforming
Day Four: Energy Market Competition, Tariff, and International Examples
- Regulated environment
- Competitive market environment & solutions
- Imperfect competition
- Evolving market
- Electricity tariff structures
- Natural gas tariff structures
- International examples of energy and utility regulation
- UK’s Ofgem approach to regulation of the energy supply market
- France - electricity and gas markets
- Zambia - energy regulation
Day Five: Pricing Environmental Pollution & Dispute Resolutions
- Climate change
- Accounting for environmental cost
- Regulated environment
- Evolving market
- Dispute resolutions in a regulated market
- Mediation
- Arbitration
- Expert determination
- Tribunal
