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Gas Market Regulation and Liberalisation Course

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The Gas Market Liberalisation and Regulation Course (GMLRC) has been designed especially for managers and professionals in the energy industry who want to have a deep understanding of how the gas market functions, of what the interests of the various players are, and how the various positions are affected by the continuously changing rules and regulations imposed by the EU, by national governments and by regulatory bodies. When you are in the gas industry, you should continuously be aware not only of the most recent changes in regulation, but also have a firm understanding of how regulation may evolve in the future. This requires that you see the bigger picture, which is what the course will provide, and understand opportunities and risks that evolve from market change.

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Gas Market Regulation and Liberalisation Course

  1. 1. SpeciFic progr amme gaS market LiberaLiSation and reguLation courSe Understanding the consequences of the rapidly changing gas marketFounding partnersFoundingpartners partners Founding partners partners Founding partners partners Founding partners Founding Founding Founding Associated partners Associated Associated partners partners Associated Associated partners partners partners Associated Associated Associated partners partners
  2. 2. SpeciFic progr ammegaS market LiberaLiSation and reguLation courSeOver the past decade Europe’s gas industry has undergone a great many changes in quick succession. Markets that had been closed be-fore were forcibly opened up to competition, while, simultaneously, new rules and regulations were imposed. New players entered theincreasingly international gas market, and within Europe a pan-European gas market gradually took shape. This course thoroughlydemonstrates the impact of the changing gas market on the need for new rules and regulations. Also it will assess how the players goalong with such new regulation, what the new opportunities and risks are, and how regulation develops differently in various regions.an important issue in the regulatory environ- • The main drivers for market regulation, its business impact.ment is to what extent regulatory rules will envisioned benefits and its results so far. • The role and intensity of regulation: public be implemented in a similar way in various • Core processes within a regulated gas market, service obligations and consumer protection.countries. Within the eu, there is development including nomination, balancing, allocation, • R equirements for setting up a competitive towards introducing european regulation. capacity and commodity markets. market.the course will show the details of such recent • Principal concepts and details of several • Prices in a liberalised market, the role of developments. regulation also affects the market regulation models. spot markets and a scope for arbitrage &position of the key gas market players – the • Scenarios for business and regulatory speculation.regulator, the incumbent, the new entrants, developments to identify potential market • The impact of the gas market structure on the end users, and the tSo – among each other. changes, opportunities and risks. security of supply and the investment climate,during the course the perspectives on • R oles, behaviour and – sometimes and on business opportunities.regulation of all key players will be presented conflicting – aims of market players, includingand, on the basis of such perspectives, realistic incumbents, new entrants and regulators. Educational partnersbargaining business will be staged by the • Contemporary thought on regulation. the key lecturers for this programme areparticipants that will clarify how in actual prof. dr. catrinus Jepma of the university ofpractice players will try to serve their interests. Your profile groningen (nL) and mr bart dubbelboer of You are a high potential professional who Logica. to guarantee both high quality andWhy the Gas Market Liberalisation operates in the gas industry (ranging from a varied programme they are supported byand Regulation Course? departments of tSo’s and trading companies to a carefully selected group of leading expertsthe gas market Liberalisation and big consumers and regulatory units) or a related from the gas industry.regulation course (gmLrc) has been de- area and involved in making strategic decisionssigned especially for managers and profession- concerning global gas market developments. Your roleals in the energy industry who want to have a You have 5-10 years relevant experience in one to stimulate your learning process, you will bedeep understanding of how the gas market func- or more areas related to the gas business. asked to play an active role during the course.tions, of what the interests of the various players You have mastered the key concepts of You will be working on a case study and aare, and how the various positions are affected economics and business administration, related negotiating game to facilitate acquiringby the continuously changing rules and and policy and regulation aspects in particular. hands-on experience. this case study is setregulations imposed by the eu, by national also you possess an academic standard. up with the highest possible degree of realism,governments and by regulatory bodies. You are able to translate conceptual knowledge and give rise to conf licting interest amongWhen you are in the gas industry, you should into pro-active behaviour and have a good the various players; a tSo, a regulator, ancontinuously be aware not only of the most command of the english language. incumbent, and a new entrant to the market.recent changes in regulation, but also have afirm understanding of how regulation may The programme structure Certificationevolve in the future. this requires that you see the gmLrc deals with the following main upon successful completion of the course thethe bigger picture, which is what the course topics: participant will receive a certificate on behalf ofwill provide, and understand opportunities and • Issues concerning gas market opening: timing, the university of groningen.risks that evolve from market change. the need for changes in business processes, new players and the changing role of existing LocationMore specifically... players. The course will take place in a central locationupon successful completion of the course the • New developments in public rules and in the netherlands. please check our websiteparticipant will be able to understand and apply: regulation regarding the gas sector and their www.energydelta.org for specific details.
  3. 3. Sharing the Energy of Knowledge. “...share their vision and experience...” Bart Dubbelboer and Catrinus Jepma, key lecturersthe programme in more detail1. Regulation and liberalisation terminology, concepts and principles | It is explained what the philosophy of gas market liberalisation is, how it has been implemented, and how regulation has evolved along with the gas market liberalisation process.2. Economic aspects of gas market liberalisation | The various steps in the liberalisation process, such as unbundling, imposing third party access, enhancing gas market competition by introducing entry exit zones and gas exchanges will be discussed and assessed in order to clarify how the different players’ interests are affected by such new instruments.3. The key gas market players | We will consider the new regulatory regime during liberalisation from the perspective and interest of the key gas market players: the TSO, the regulator, the incumbent trader, new entrants to the market and the big consumers, in order to see where their interests converge or conf lict. We will use real-life information and a negotiation game in order to do that.4. Country studies | Liberalisation processes and regulation of the gas market differ from one country to the other not only in scope and timing, but also contentwise. Therefore much can be learned from the various country experiences that will be presented by experts from a number of countries, notably Russia, US and some EU Member States.5. Regulation, competition and the private-public balance | One of the dilemmas of regulation is that one has to balance the need for public control on costs and competition against e.g. the risk of less security of supply because private investment is suboptimal due to such regulatory control. This raises the issue of optimal regulatory control given the various public concerns regarding security of supply and enhancing competition. How to resolve this dilemma is one of the central questions this course addresses.6. The role of the EU | EU authorities try via Packages, directives, regulation, etc. to ‘Europeanise’ the gas market, its infrastructure services and regulation via Packages, directives, regulation, etc., and thereby sometimes face resistance from Member States. How can it be explained how this process works in actual practise? And what is the legal scope for such development?7. Related trends | The role of unconventionals has considerably chanced the gas market and indirectly regulation; the same applies to climate policy, the changing role of LNG, various other trends affecting the energy mix, etc. This course makes you aware that regulation depends on trends partly outside the gas sector itself.8. Negotiations and power | Regulation always changes in a particular political context and always means that some players’ interests are hurt, while others benefit. So, any regulatory change entails various pressures, lobbying, negotiations and other political or stakeholder processes. With the help of a number of real-life cases we will try to illustrate how such processes can be better understood, and invite participants to get a better feeling of such processes by playing a negotiation game ref lecting a fairly realistic regulatory decision making process.9. Business opportunities and risks | The rapid changes in the gas market structure create various risks but also new business opportunities. We will ref lect on these to see if what seems a threat can be turned into a opportunity.
  4. 4. Sharing the Energy of Knowledge.“This course offers a unique insight into the theory and the day-to-daypractice of the challenges involved in the regulatory side of internationalgas business. The participants study and discuss regulation models atacademic level. What makes this EDI course really stand out are thetop-level field executives and professionals who share their vision andexperience. They take strategic decisions at corporate or government levelin their regular jobs. As lecturers in this course they discuss their motivesand the reasoning behind their decisions. This set-up gives participants, all gas industry professionals,direct access to highly experienced managers with whom they discuss the issues they encounter in theirown jobs. The course concentrates on three main elements: providing information (theory frameworksand country studies), interaction with people from the industry (both lecturers and fellow-participants)and hands-on practical case work. The course participants develop a vision and take responsibilityin the case which is assessed in a formal business setting. What we see is that these cases enhancethe participants’ capability to apply the course content faster, competitively and with skill ina business setting.”Prof. Dr. Catrinus Jepma, key lecturer Gas Market Liberalisation and Regulation CourseBart Dubbelboer, key lecturer Gas Market Liberalisation and Regulation CourseAbout Energy Delta Instituteenergy delta institute (edi) is an international energy business school, with a primary focus on natural gas. edi was foundedin 2003 by n.V. nederlandse gasunie, gasterra b.V., oao gazprom and the university of groningen. The energy communityhas come to appreciate edi both as a platform of knowledge exchange between partners and participants alike. The changingenergy world is forcing energy companies to innovate in order to stay competitive. in addition, the energy sector is confrontingthe possibility of a growing shortage of qualified personnel in the coming decades. The sector has only one choice: to invest inknowledge. T +31 (0) 50 524 83 00 F +31 (0) 50 524 83 01edi’s main objective is to contribute to the professional development of current and future energy managers. edi coordinates E info@energydelta.nlresearch projects and organises training programmes with a focus on the economic, management, legal and geopolitical aspectsof the energy business. I www.energydelta.org

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