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SpeciFic progr a mm egaS market LiberaLiSation and reguLation courSe

Understanding the consequences of the rapidly changing gas market

SpeciFic progr a mm egaS market LiberaLiSation and reguLation courSe

a n important issue in the regulatory environ-ment is to what extent regulatory rules will be implemented in a similar way in various countries. Within the eu, there is development towards introducing european regulation. the course will show the details of such recent developments. regulation also affects the position of the key gas market players – the regulator, the incumbent, the new entrants, the end users, and the tSo – among each other. during the course the perspectives on regulation of all key players will be presented and, on the basis of such perspectives, realistic bargaining business will be staged by the participants that will clarif y how in actual practice players will try to serve their interests.

Why the Gas Market Liberalisation and Regulation Course?the gas market Liberalisation and regulation course (gmLrc) has been de-signed especially for managers and profession-als in the energ y industry who want to have a deep understanding of how the gas market func-tions, 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.

More specifically...upon successful completion of the course the participant will be able to understand and apply:

• Themaindriversformarketregulation,itsenvisioned benefits and its results so far.

• Coreprocesseswithinaregulatedgasmarket,including nomination, balancing, allocation, capacity and commodity markets.

• Principalconceptsanddetailsofseveral market regulation models.

• Scenariosforbusinessandregulatory developments to identify potential market changes, opportunities and risks.

• Roles,behaviourand–sometimes conflicting – aims of market players, including incumbents, new entrants and regulators.

• Contemporarythoughtonregulation.

Your profile You are a high potential professional who operates in the gas industry (ranging from departments of tSo’s and trading companies to big consumers and regulatory units) or a related area and involved in making strategic decisions concerning global gas market developments. You have 5-10 years relevant experience in one or more areas related to the gas business. You have mastered the key concepts of economics and business administration, and policy and regulation aspects in particular. a lso you possess an academic standard. You are able to translate conceptual knowledge into pro-active behaviour and have a good command of the english language.

The programme structurethe gmLrc deals with the following main topics:• Issuesconcerninggasmarketopening:timing,

the need for changes in business processes, new players and the changing role of existing players.

• Newdevelopmentsinpublicrulesand regulation regarding the gas sector and their

Over 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 the increasingly international gas market, and within Europe a pan-European gas market gradually took shape. This course thoroughly demonstrates the impact of the changing gas market on the need for new rules and regulations. Also it will assess how the players go along with such new regulation, what the new opportunities and risks are, and how regulation develops differently in various regions.

business impact.• Theroleandintensityofregulation:public

service obligations and consumer protection.• Requirementsforsettingupacompetitive

market.• Pricesinaliberalisedmarket,theroleof

spot markets and a scope for arbitrage & speculation.

• Theimpactofthegasmarketstructureonsecurity of supply and the investment climate, and on business opportunities.

Educational partners the key lecturers for this programme are prof. dr. catrinus Jepma of the university of groningen (nL) and mr bart dubbelboer of Logica. to guarantee both high quality and a varied programme they are supported by a carefully selected group of leading experts from the gas industry.

Your role to stimulate your learning process, you will be asked to play an active role during the course. You will be working on a case study and a related negotiating game to facilitate acquiring hands-on experience. this case study is set up with the highest possible degree of realism, and give rise to conf licting interest among the various players; a tSo, a regulator, an incumbent, and a new entrant to the market. Certificationupon successful completion of the course the participant will receive a certificate on behalf of the university of groningen.

LocationThe course will take place in a central location in the netherlands. please check our website www.energydelta.org for specific details.

Sharing the Energy of Knowledge.

“...share their vision and experience...”

Bart Dubbelboer and Catrinus Jepma, key lecturers

the programme in more detail

1. 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.

T +31 (0) 50 524 83 00F +31 (0) 50 524 83 01E info@energydelta.nlI www.energydelta.org

About 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 community has come to appreciate edi both as a platform of knowledge exchange between partners and participants alike. The changing energy world is forcing energy companies to innovate in order to stay competitive. in addition, the energy sector is confronting the possibility of a growing shortage of qualified personnel in the coming decades. The sector has only one choice: to invest in knowledge.

edi’s main objective is to contribute to the professional development of current and future energy managers. edi coordinatesresearch projects and organises training programmes with a focus on the economic, management, legal and geopolitical aspects of the energy business.

Sharing the Energy of Knowledge.

“This course of fers a unique insight into the theory and the day-to-day practice of the challenges involved in the regulatory side of international gas business. The participants study and discuss regulation models at academic level . W hat makes this EDI course really stand out are the top-level field executives and professionals who share their vision and experience. They take strategic decisions at corporate or government level in their regular jobs. As lecturers in this course they discuss their motives and 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 their own jobs. The course concentrates on three main elements: providing information (theory frameworks and 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 responsibility in the case which is assessed in a formal business setting. W hat we see is that these cases enhance the participants’ capability to apply the course content faster, competitively and with skill in a business setting.”

Prof. Dr. Catrinus Jepma, key lecturer Gas Market Liberalisation and Regulation CourseBart Dubbelboer, key lecturer Gas Market Liberalisation and Regulation Course