Incentive Regulation for the Electricity Industry

29 - 30 August 2017, Kuala Lumpur, Malaysia

About The Course

This course will provide a comprehensive discussion of incentive regulation for the electricity industry, covering the fundamental characteristics of the electricity industry, the roles for competition and regulation in the industry, objectives, concepts and challenges of electricity industry regulation, the specific features of incentive regulation and its strengths and weaknesses as a regulatory paradigm. Case studies from the USA, Europe and Australia will illustrate real-world experience, including recent developments in response to increasing penetration of distributed energy resources – particularly PV, reversible storage, end-use efficiency and flexible demand.

Learning Outcomes

  • Fundamental characteristics of the electricity industry and options for electricity industry structure
  • Roles for competition and regulation in the electricity industry and comparison of their strengths and weaknesses
  • Objectives for economic regulation of the electricity industry and the main types of economic regulation in use
  • Features of incentive regulation, which is based on rewards and penalties, and its strengths and weaknesses
  • Experience with incentive regulation in the UK, USA and Australia
  • Recent developments in electricity industry structure and regulation in response to increasing penetration of distributed energy resources – including rooftop PV, reversible storage, end-use efficiency and flexible demand

Who Should Attend

The course is designed for senior staff from government, regulators and industry. Participants should have relevant professional qualifications and prior knowledge of the electricity industry.

Course Faculty - Dr Hugh Outhred

Dr Hugh Outhred

Hugh has 40 years’ experience in
energy industry research, consulting & teaching

Dr. Hugh Outhred

In a 40-year career, Hugh Outhred (PhD) has contributed to research on electric power system analysis and control, the theory of electricity industry restructuring and electricity market design, renewable energy technology, renewable energy integration, energy sector policy and sustainability policy. He has taught more than 120 short courses on electricity industry restructuring and sustainability in many countries since 1989.

 

His research in competitive electricity industry design includes landmark papers published in 1980 with co-authors at MIT: Homeostatic Utility Control and Quality of Supply Pricing for Electric Power Systems and later papers such as A Theory of Electricity Industry Design for Operation and Investment, Incorporating Network Effects In A Competitive Electricity Industry: An Australian Perspective, and Integrating Non-Storable Renewable Energy into the Australian Electricity Industry (these and his other research papers can be provided on request).

 

In 1993 and 1994 Hugh co-authored a report on electricity industry restructuring for the California Energy Commission that highlighted the complexity of electricity restructuring in that context.

 

In 1995 and 1996 he led a project for the Australian National Grid Management Council to undertake electricity-trading experiments according to the proposed National Electricity Market trading rules prior to their formal implementation.

 

Hugh has been a member of two Australian electricity industry regulatory bodies, the NSW License Compliance Advisory Board and the National Electricity Tribunal throughout their existence from 1997 to 2000 and 1998 to 2006 respectively.

 

From 2004 to 2007, he was the founding Presiding Director of the Centre for Energy and Environmental Markets at the University of New South Wales.

 

From 2009 to 2011, he was a Lead Author for the International Panel on Climate Change (IPCC) Special Report on Renewable Energy Sources and Climate Change Mitigation, published in 2011.

 

Hugh has been a Fulbright Senior Fellow at the University of California Berkeley, USA and has held visiting positions at Massachusetts Institute of Technology in the USA, the University of Liverpool in Britain and the Universidad Pontificia Comillas in Spain.

 

He has been a Board member of the Australian Cooperative Research Centre for Renewable Energy and an Associate Director of the Centre for Photovoltaic Devices and Systems at the University of New South Wales.

 

Hugh is a Fellow of the Australian Institute of Energy and a Life Member of the Institute of Electrical and Electronic Engineers.

TOPICS COVERED

Fundamental characteristics of the electricity industry

Electricity industry design and structural options

Roles and objectives for electricity industry regulation

Features, strengths and weaknesses of incentive regulation

Experience with incentive regulation & current trends: UK

Experience with incentive regulation & current trends: USA

This training course has a limited attendance for up to 20 participants only. Sessions commence at 9am on all days, with short intervals at 10.30am and 3.30pm respectively. Refreshments will be provided in the short intervals. Lunch will be provided at 12:30pm for 1 hour. Sessions will end at 5pm on all days.

Unique Features with powerEDGE Training

• Pre-Course Questionnaire to help us focus on your learning objectives
• Detailed Course & Reference Manual for Continuous Learning and Sharing
• Practical Exercises & Case Examples to better understand the principles
• Limited class size to ensure One-to-One Interactivity
• Assessment at the end of the course to help you develop a Personal Action Plan