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ERRA Events 2008
Electricity Markets Training
January, 21-25, 2008
Budapest, Hungary
Accommodation & Training Course Venue:
Council of European Youth Centre:
Zivatar u. 1-3, H-1024 Budapest
Tel: +36 1 438 1030 Fax: +36 1 212 40 76
e-mail: eycb.secretariat@coe.int
http://www.eycb.coe.int Co-hosted by the Energy Regulators Regional Association (ERRA) and the U.S. National Association of Regulatory Utility Commissioners (NARUC)
Sponsored by
U.S. Agency for International Development (USAID)
Agenda
Monday, January 21, 2008: ECONOMICS OF COMPETITIVE MARKETS
Morning 8:30 - 12:30
| 8:30-9:30 |
Introduction: From regulated to liberalized markets in electricity
Course outline and main messages |
Péter Kaderják, REKK |
| 9:30-10:25 |
EofCM I: Tools, objectives, methods of econ. analysis; Definitions; Behavioral assumptions; Role of incentives; Markets |
András Kiss, REKK |
| 10:25-10:40 |
Coffee Break |
| 10:40-11:40 |
EofCM II: Efficiency of competitive markets; Short and long run; Investments; Market failures |
András Kiss, REKK |
| 11:40-12:30 |
EofCM III: Methods of organizing market transactions; Bilateral contracts; Auctions |
László Paizs, REKK |
|
12:30 – 13:30 |
Lunch |
Afternoon: 13:30 – 16:30
| 13:30-14:30 |
Necessary legal and institutional framework for the development of markets |
|
| 14:30-14:45 |
Coffee Break |
|
14:45-15:30
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Game: Competitive markets; Auctions; Market failures |
REKK Staff |
Tuesday, January 22, 2008: DEMAND AND SUPPLY OF ELECTRICITY
Morning 8:30 - 12:30
| 8:30-9:30 |
Supply I: Technical and economic features of generation; Fuel choice and plant size; Cost assessment of plant operation and investment
|
Péter Kaderják, REKK |
| 9:30-10:25 |
Supply II: Practical issues in operation, entry to (investment) and exit from (decommissioning) the generation market |
Csaba Kiss, E-On |
| 10:25-10:40 |
Coffee Break |
| 10:40-11:40 |
Supply III: Environmental effects of electricity generation; Cost and form of environmental regulations; Feedback on investment |
Gabriella Pál, REKK |
| 11:40-12:30 |
Exercise: Determinants of generation costs; Constructing a merit order curve |
REKK Staff |
|
12:30 – 13:30 |
Lunch |
Afternoon: 13:30 – 16:30
| 13:30-14:30 |
Demand I: Electricity usage; Daily fluctuations; Seasonality; Measurement; Consumer profiles; Billing and collection |
Csaba Kovács, HEO |
| 14:30-15:30 |
Demand II: Demand responsiveness; Retail price and income elasticity; VOLL; Estimating demand functions |
Pálma Szolnoki, REKK |
| 15:30-15:45 |
Coffee Break |
| 15:30-16:30 |
Participant presentations: actual, planned or desirable policies to increase demand responsiveness in Albania and Bulgaria; Discussion |
|
Wednesday, January 23, 2008: WHOLESALE MARKETS
Morning 8:30 - 12:30
| 8:30-9:30 |
Models of industrial structure in electricity; Natural monopolies and competitive segments; Ownership structures and unbundling; EU regulation |
Péter Kaderják, REKK |
| 9:30-10:25 |
Wholesale market models; Integrated (pool-type) vs. decentralized (bilateral) markets; Role of the system operator; Ancillary services |
András Kiss, REKK |
| 10:25-10:40 |
Coffee Break |
| 10:40-12:30 |
The role of traders and exchanges; Price evolution and price spikes; Risk management; Spot (day-ahead, real time) and forward markets |
József Balogh, EdF Trading
Gábor Hornai, CEZ |
|
12:30 – 13:30 |
Lunch |
Afternoon: 13:30 – 16:30
| 13:30-15:30 |
Case study: England & Wales; Discussion |
Paul Twomey, EPRG |
|
| 15:30-15:45 |
Coffee Break |
| 15:30-16:30 |
Case study: The Czech electricity market; Discussion |
Ludek Horn, CEZ |
Thursday, January 24, 2008: NETWORK ISSUES
Morning 8:30 - 12:30
| 8:30-10:25 |
Technical features of transmission; Network losses; Congestion management; Interconnectors |
Goran Majstrovic, EIHP |
| 10:25-10:40 |
Coffee Break |
| 10:40-11:40 |
"Regulated transmission pricing; Third-party access; Effect of transmission constraints on the market |
Razvan Purdila, Transelectrica |
| 11:40-12:30 |
Transmission network governance: ISO vs. TSO model; The role of transparency; Survey of practice |
Razvan Purdila, Transelectrica |
|
12:30 – 13:30 |
Lunch |
Afternoon: 13:30 – 16:30
| 13:30-16:30 |
Visit to MAVIR; Functions, tasks and practical operation of the system operator in a liberalized market |
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Friday, January 25, 2008: MARKET POWER
Morning 8:30 - 12:30
| 8:30-9:30 |
Definition, forms and exercise of market power; Market power in electricity generation and transmission; Theory and cases |
László Paizs, REKK |
| 9:30-10:25 |
Exercise: Measuring market power in the electricity industry (application of measurement tools)
|
Pálma Szolnoki, REKK |
| 10:25-10:40 |
Coffee Break |
| 10:40-11:40 |
Market-based locational pricing methods; Physical vs. financial transmission rights; Theory and survey of practice
András Tóth, REKK" |
Christian Todem, SETSO (Verbund Austria) |
| 11:40-12:30 |
Simulation: Oligopoly |
REKK Staff |
|
12:30 – 13:30 |
Lunch |
Afternoon: 13:30 – 16:30
| 13:30-14:30 |
Final test |
| 14:30-14:45 |
Coffee Break |
| 14:45-16:30 |
Course evaluation and farewell |
List of Participants
| Name |
Position |
Company |
Country |
| STUDENTS |
| Alexandru Mija |
Deputy chief of Tariff Policy and Economic Analysis Department |
National Energy Regulatory Agency of the Republic of Moldova (ANRE) |
Moldova |
| Armine Hovsepyan |
Senior Specialist |
Public Services Regulatory Commission (PSRC) |
Armenia |
| Dijana Unković |
Senior Expert for Economics and Finance |
Energy Agency of The Republic of Serbia (AERS) |
Serbia |
| Erideta Bashi |
Senior Tariff Specialist |
Electricity Regulatory Authority (ERA) |
Albania |
| Rifat Blakaj |
Head of Energy Supply and Market Structure Department |
Energy Regulatory Office (ERO) |
UNMIK Kosovo |
| Zdravka Panayotova Zheleva |
Head of Tariff Department |
State Energy and Water Regulatory Commission (SEWRC) |
Bulgaria |
| Zilvinas Klimka |
Commissioner |
National Control Commission for Prices and Energy (NCC) |
Lithuania |
| Péter Jarabek |
Consumer Complaint Officer |
Hungarian Energy Office (HEO) |
Hungary |
| Tauri Liiders |
Specialist |
Energy Market Inspectorate (EMI) |
Estonia |
| Ruslan Mashlyakivskyy |
Deputy Head, Energy Market Department, Head of Division forr Organization of functioning of Wholesale Emergy Market |
National Electricity Regulatory Commission of Ukraine |
Ukraine |
| Zsuzsa Portörő |
Legal Advisor |
Hungarian Energy Office |
Hungary |
| Vano Mechurchlishvili |
Head of Methodology and Data Awareness Department |
Georgian Energy Regulatory Commission (GNERC) |
Georgia |
| Naim Bujupi |
Power System Analyst |
Energy Regulatory Office (ERO) |
UNMIK Kosovo |
| Bilal Ogunlu |
Energy Expert |
Energy Market Regulatory Authority (EMRA) |
Turkey |
| Cana Batricevic |
Engineer, Technical Affairs Department |
Energy Regulatory Agency of Montenegro |
Montenegro |
| Natalija Spadijer |
Engineer, Technical Affairs Department |
Energy Regulatory Agency of Montenegro |
Montenegro |
| Zdenko Simunovic |
Commissioner |
Regulatory Commission for Electricity in Federation of Bosnia and Herzegovina |
Bosnia and Herzegovina |
| Alija Mujčinagić |
Tariff and Market Department Analyst |
State Electricity Regulatory Commission |
Bosnia and Herzegovina |
| Danas Janulionis |
Commissioner |
National Control Commission for Prices and Energy |
Lithuania |
| Katarzyna Smagiel |
Chief Specialist |
Energy Regulatory Office |
Poland |
| Samil Rexhepi |
Economic Expert |
Energy Regulatory Copmmission of the Republic of Macedonia |
Macedonia |
| Viesturs Kadikis |
Expert |
Public Utilities Commission |
Latvia |
| Sorina Mocanu |
Expert |
National Energy Regulatory Authority |
Romania |
| Ankica Gavrilovic |
Aid. Dev. Ass. Specialist |
USAID BIH |
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| INSTRUCTORS |
| Goran Majstrovic |
Head of Transmission and Distribution Department |
Energy Institute Hrvoje Pozar |
Croatia |
| Razvan Catalin Purdila |
Director, Business Development Management Unit |
Transelectrica SA (National Grid Company) |
Romania |
| Paul Twomey |
Jean Monnet Fellow |
Florence School of Regulation, European University Institute |
Italy |
| Péter Kaderják |
Course Director, Director |
Regional Center for Energy Policy Research (REKK) |
Hungary |
| András Kiss |
Research Associate |
Regional Center for Energy Policy Research (REKK) |
Hungary |
| Csaba Kovács |
Head of Department for Economic Research and Environmental Protection |
Hungarian Energy Office (HEO) |
Hungary |
| Csaba Kiss |
Director of the Power Generation Business Unit |
E.ON Hungary |
|
| Pálma Szolnoki |
Research Associate |
Regional Center for Energy Policy Research (REKK) |
Hungary |
| Gabriella Pál |
Chief Research Associate |
Regional Center for Energy Policy Research (REKK) |
Hungary |
| András Mezősi |
Research Associate |
Regional Center for Energy Policy Research (REKK) |
Hungary |
| László Pajzs |
Chief Research Associate |
Regional Center for Energy Policy Research (REKK) |
Hungary |
| József Balogh |
Head of Central European Team |
EdF Trading |
|
| Gábor Hornai |
Country Manager |
CEZ Hungary Ltd. |
|
| Ludek Horn |
Head of Front Office |
CEZ a.s. |
Czech Republic |
| ERRA Secretariat |
|
|
Hungary |
| Krisztina Horváth |
Program Assistant |
|
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| Valéria Polubajnik |
Program Assistant |
|
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| Réka Timár |
Program Assistant |
|
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| Andrea Farkas |
Program Manager |
|
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| Anikó Kiss |
Program Manager |
|
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| Krisztina Kasza |
Program Director |
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Materials
Bulletin
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