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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™

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