IP3, Training: t_workshops_1720 updated 01_19

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INFRASTRUCTURE REGULATION SERIES

Advanced Rate Setting and Subsidy Design Strategies for Utilities and Regulatory Authorities (ONLINE)

Locations	Dates	Tuition	Catalog #	CEU's	Language
Online	October 10 - November 21, 2007	$750	1720-OL	3.0	English

Benefits | Who Should Attend | Course Learning Objectives | Course Content |

How You Will Benefit:

Enhance your skills in calculating rates and analyzing utility financial information
Learn advanced techniques in cost of service, asset usefulness and demand profiling
Learn the key principles of subsidy design and compare different methods to reduce the financial burden of implementing subsidies
Learn transitional strategies for cost-recovery
Participate in online group discussions with participants and experts from around the globe
Develop an Action Plan to plan for a tariff structuring/subsidy design
Network and build professional relationships with your fellow participants and leading regulatory specialists, commissioners and financiers
Take this valuable and pioneering "Introductory Regulation" course right from your home or business, on your schedule and at your pace

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Who Should Attend

Commissioners, Directors and Key Staff of Regulatory Authorities, Agencies, and Commissions

Directors and Key Managers of Public and Private Regulated Utilities

Ministry of Finance, Energy, Water and Telecommunications

Project Officers and Staff of Bilateral and International Organizations

Knowledge of spreadsheet software

Computer/typing skills and with reliable Internet connectivity (45K modem or higher)

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Course Learning Objectives
Setting rates is probably the most important function of a regulator and is a key factor in the success or failure in the provision of utility services. As regulatory agencies around the world mature and increase their capacity, the rate setting process can become more sophisticated to meet the changing utility regulatory environments. Utility managers, regulators and consumers alike must analyze an increasing amount of information. All stakeholders need advanced tools to ensure that rates are set appropriately and fairly for both the utilities' viability and the customers' affordability. Further, governments in most countries determine that, on policy grounds, the 'fair price' for the poorest consumers will be set at a level that requires a subsidy from other sources. Designing and implementing subsidy programs that effectively target the poorest consumers are therefore a key component of the rate setting process.

IP3 has designed an intensive training course to deal with these important issues: Advanced Rate Development and Subsidy Design Strategies for Utilities and Regulatory Authorities. In this course, participants will explore the latest strategies on rate setting and subsidy design as well as discuss practical examples illustrating how rates are calculated in different sectors and countries. The course contains six modules, each consisting of content sessions; case study review and analysis; module assignments and discussion groups, and action planning sessions. The course is self-paced (although each module is "timed" to be completed in a one-week period) - all you need is an Internet connection. Course work is approximately 5 - 6 hours per module/per week. IP3 participants in previous online courses have found they benefit significantly from the interactive sharing of ideas and insights.

introductory

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Course Content

Module I:

The Process of Rate Setting

Goals and objectives of pricing strategies
Understanding marginal/incremental costs
Fixed and variable costs analysis
Determining revenue requirements
Rate design options and techniques for water, electricity, telecommunications, and transport

Module II:

The Cash-Needs Approach

Determining revenue requirements of the utility
Comparisons with investor-owned utilities
Allocation of costs
Distribution of costs to customer classes: commercial, residential, and government
Rate design and their impacts on customer classes
Exercise on rate development

Module III:

Rate of Return Approach & Analysis

Determination of revenue requirements: rate base; income and expenses; cost of capital
Use of and adjustments to financial statements
Strengths and weaknesses to the ROR method
Allocation and distribution of costs
Rate design and the impact on rate-of-return
Exercise on rate development

Module IV:

Price Cap Approach & Analysis

Defining the price cap structure
Rate rebalancing strategies
Defining the baskets
Determining the X factor
Setting the productivity factor
Other potential formula factors: Q, Z, Y
Exercise on rate development

Module V:

Revenue Cap Approach and Analysis

Determining the revenue cap
Differences between price cap and revenue cap
Differences between ROR and revenue cap
Incentives and disincentives in revenue cap
Rate design
Exercise on rate development

Module VI:

Rate and Subsidy Design Strategies

Are subsidies justified?
Identifying existing subsidies and identifying targets for future subsidies
Willingness and ability to pay
Economically efficient mechanisms to structure subsidies
Developing subsidy reduction strategies

All Modules:

Step by Step Action Planning in All Six Modules

Prior to completing each module, IP3 requires participants to complete an Action Plan detailing how they will apply their new knowledge and skills on-the-job. Our expert faculty members guide participants in developing their action plans throughout the course, and in each module participants will present their action plan to the group for peer review and comments.

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CEU Certification Eligibility

Certified Regulation Specialist™
Certified Utility Management Specialist™

COURSE REGISTRATION FORM

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