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Tariff Training
9th Conference

ERRA Events 2008

 

Principles of 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

 

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

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  
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    
Valéria Polubajnik Program Assistant    
Réka Timár Program Assistant    
Andrea Farkas Program Manager    
Anikó Kiss Program Manager    
Krisztina Kasza Program Director    


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