By Fernando Nuno / Published on Thu, 2010-03-04 12:54
Following the training course on electricity markets regulation, a set of support papers is being delivered to complete the didactic set.
This paper explains the various concepts about the regulationof the power quality: quality regulation, commercial quality, reliability, performance publication, standards and quality incentives schemes.
Read full story
By Fernando Nuno / Published on Thu, 2010-03-04 12:44
Following the training course on electricity markets regulation, a set of support papers is being delivered to complete the didactic set.
This paper explains the various price regulation methods: Rate of Return Regulation, Cap Regulation, Yardstick Competition, Sliding Scale and Profit Sharing Regulation.
Read full story
By Fernando Nuno / Published on Fri, 2010-02-19 12:08
Following the training course on electricity markets regulation, a set of support papers is being delivered to complete the didactic set.
This paper explains the various market design possibilities: Single Buyer or Electricity Markets with Wholesale Competition. Additionally, it provides a view about Pool versus Bilateral Trading, Intra-day Trading and Balancing Mechanisms and Supplementary Capacity Schemes.
Read full story
By Fernando Nuno / Published on Sun, 2009-12-27 22:56
Session 8: Pricing
Once the revenue requirements are established they should be converted into tariff systems. This session explains the major economic principles of electricity pricing and the general pricing models using average and marginal costs. Moreover the session explores the major pricing models for the electricity activities including: generation, transmission, distribution and retail activities.
Read full story
By Fernando Nuno / Published on Sun, 2009-12-27 22:50
Session 7: Quality of Supply Regulation
Quality of supply regulation is becoming more and more important as cost-decreasing incentives may have a mid- and long-term effect on the quality provided. This session explains how quality of supply is defined, measured and regulated.
Read full story
By Fernando Nuno / Published on Wed, 2009-11-18 10:10
Session 6: Efficiency Assessments
Regulators use efficiency assessment to set the efficiency targets of the regulated service providers. This session explains the role of the efficiency assessment, the methods to measure efficiency and the incorporation of efficiency results in the price control.
Read full story
By Fernando Nuno / Published on Wed, 2009-11-18 09:59
Webinar 5: Cost of Capital
The weighted average cost of capital (WACC) methodology is a widely accepted method for calculating the allowed rate of return. Regulators use different models to set the allowed cost of capital. This section explains the models and their practical application.
Read full story
By Fernando Nuno / Published on Wed, 2009-11-18 09:52
Session 4: Revenue requirements and Regulatory Asset Base
The allowed revenue for provision of regulated services includes the operating cost, depreciation and return on regulated assets. The return, if calculated as the allowed rate of return (cost of capital) is charged on the regulatory asset base. This session explains how to the regulated revenue is set and the role of regulatory asset base (RAB).
· Revenue components : Depreciation / Return on assets (Regulatory asset base (RAB) - Rate of return on assets) / OPEX
Read full story
By Fernando Nuno / Published on Fri, 2009-10-02 09:49
Session 3: Price Regulation
This session explains different forms of price control, including the classical rate of return organisation and more advanced forms of incentive regulation. It will also explain the design criteria for different price control models.
• Major price control models: Rate of return / Cap regulation / Yardstick competition / Sliding scale regulation
Read full story
By Fernando Nuno / Published on Fri, 2009-10-02 09:42
SESSION 2: Market Design
This section explains the main properties of different types of electricity markets exhibiting different level of competition and different forms of organisation.
• General market models : vertically integrated companies / single buyer / wholesale competition / retail competition
• Power pools : Price based / Cost based
• Markets with bilateral trade
• Balancing markets
• Power exchanges
Read full story
By Fernando Nuno / Published on Fri, 2009-10-02 09:24
This session explains the main tasks of regulation and addresses three main questions: what is regulated, where is it regulated, and how is it regulated.
In addition, we explain how the communication between regulators and regulated companies is organised, and how the regulatory performance is measured.
• General tasks of regulators: Price, Quality, Market functioning
• Areas of regulation
• Scope of regulation
• Methods of regulation
• Institutional questions
• Consultation and communication
Read full story
