21st CENTURY GAS REGULATION
A Three Day Seminar
Understanding and applying regulation to gas markets is a crucial skill as energy market liberalisation gathers pace around the world.
This three-day course has been specifically
developed by MJMEnergy in order to explain both
the background and practice of gas market
regulation as well as providing suitable tools
and intellectual and practical frameworks for
parties involved in 21st Century gas
regulation.
Download course outline (1.4MB) pdf
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Theoretical foundation to regulation
The purpose of this first day is to provide delegates with a solid academic theoretical and historical basis to energy market regulation, drawing on the experience of European and North American energy markets in particular.
- Introduction
- Economic theory of regulation
- Third party access regimes
- Understanding the legal frameworks
- The role of benchmarking/yardstick regulation
- A comparison of the different models of regulation: their advantages and disadvantages
- Case Study: European Legislative Framework
- History of energy regulation
- Exercise 1: Regulatory approaches
In order to underpin the theoretical explanation delegates will undertake a series of practical role-playing exercises that will enable them to apply the principles of energy market regulation providing an understanding of the strengths and weaknesses of different regulation approaches.
Evening: Tour of Oxford and networking event.
Day one: -
Practical examples of regulation
The purpose of this day, building on regulatory economic theory, is to provide a series of practical examples of how regulation is undertaken in the real world. This will be achieved firstly with a series of sessions on specific regulatory issues followed by a number of case studies.
- Regulating transportation prices
- Regulation and the development of competition
- Case Study: Price regulation in the US market
- Case Study: The development of competition and regulation in the UK
- Discussion
- Case Study: India - developing market regulation
- Case Study: Regulatory interventions – Italy
- Case Study: Nigeria – changing market structures
- Exercise 2: Unbundling and market structure
Evening: Course Dinner.
Day two: -
Tools for the regulatory environment
The purpose of this day is to build on both economic theory and practical application in order to provide the delegate with useful tools and approaches that they can apply to their own particular regulatory environment, whether they be a regulator, the regulated, or a participant in a regulated market.
- Tools for the regulated - lobbying/negotiating with the regulators
- Tools for the regulator - understanding defensive strategies by incumbent monopolies
- Tools for participants in regulated markets – understanding regulation and competition
- Exercise 3: Regulatory negotiations
- Oxford: 21st - 23rd September 2010
We reserve the right to change the venue, dates and programme at our discretion.
(overnight accommodation is not included in this price.)
- regulators,
- the regulated, such as incumbent monopolies,
- new entrants to those markets,
- as well as banks,
- shareholders
- and other financial institutions who have an interest in understanding energy market regulation.
CPD Credit now available for all participating Solicitors* and Accountants**
*All of our courses are CPD accredited by IGEM
(The Institute of Gas Engineers and Managers)
and The Solicitor's Regulation Authority.
**Attendance may also contribute to meeting
requirements under the terms of the ICAEW's CPD
policy for accountants. (Visit www.icaew.co.uk
for full details).