Course Outline
- Course Code: EG4
- Category: Energy
- Dates, Venues and Fees:
Apr 26 - May 07 | Virginia | $6,980.00
Aug 23 - Sep 03 | Canada | $6,980.00
Nov 15 - Nov 26 | Virginia | $6,980.00 - Duration: Two Weeks
Course Overview
This course looks at the challenges and best practices in energy pricing. The innovative ideas for addressing efficiency and environmental issues. Participants are engaged in hands-on exercises using case studies on energy pricing from start to finish.
Who Should Attend?
This course will greatly benefit:
- Regulatory Professionals
- Officers and Executives from Utility Organizations
- Officers from the Ministries of Finance
- Utility Engineers
- Policy Makers and Analysts
Course Outcomes
Delegates will gain knowledge and skills to:
- Prepare and perform price reviews
- Develop economic incentives appropriate for utilities in small economies
- Evaluate market competition and develop remedies for market failure
- Analyze financial statements for rate setting and evaluate sector performance
- Develop innovative price structures that create incentives for consumers and producers to behave in a manner consistent with utility policy
Key Course Highlights
- Introduce delegates to the basic principles of market economics, non-technical explanation of economic concepts used in the programme
- Description of cost allocation methods and pricing models
- Setting the base for regulating monopoly prices and sector performance: analysing and using financial statements
- Seeing beyond your vision in stakeholder perceptions; mapping stakeholder interests, understanding players’ pressures and responses
- Establishing revenue requirement; Choosing methods of regulation, analyzing investments
- Adjusting financial statements for ratemaking
- Thinking strategically about price review
- Cost of service approaches in energy
- Organizational challenges and price reviews
- Challenges in environmental issues; impacts of regulation on renewable energy use and energy efficiency
- Economics of rate design; calculating multi-part tariffs, developing a menu of tariff options
- Operator’s perspective on ratemaking.