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FSR SPECIALISED TRAINING COURSE
REGULATION OF GAS MARKETS"
22-26 March 2010, Florence

Period
22-26 March 2010

Location
Florence

Objectives
The Specialised training is a course dealing with a specific regulatory issue in electricity or gas markets. During the five working days, the morning is usually devoted to introduce the main principles of a particular key issue of energy utilities regulation, followed by a related real case example discussed in the afternoon.
The pool of teachers will include both academics as well as practitioners and in many cases, academics that have had an experience as regulators. At the end of the course, through a balanced mix of theory and case studies participants are expected to have a better knowledge of natural gas markets. Participants are also expected to leave the course having established a good network of contacts with other participants and the instructors. To achieve these objectives, participation will be limited to around 35 professionals, preferably coming from different organizations and countries

Modules

  • Day 1 - EU Gas Market Context: EU policy on gas markets; third package and regulatory framework; drivers of the recent dramatic European gas market shift.
  • Day 2 - EU Gas Market Development: market development and gas exchanges; how the Austrian market reacted in the gas crisis; market functioning and design.
  • Day 3 - Regulation Gas Pipeline System: European practice; US practice; case example on 10-year development plan; case example on open seasons.
  • Day 4 - Regulation Storage: third party access, seasonal vs strategic storage; case study on storage in Italy; case study on storage during the crisis.
  • Day 5 - Regulation LNG: LNG pricing, markets in Europe and outlook; case study on LNG in Spain.

Speakers' Short Curricula

Rosita Carnevalini is actually the Director of Strategy, study and documentation department at the Italian Regulatory Authority for Electricity and gas. She joined the Italian Regulator since 1997 where she covered different responsibilities among which the Gas Department, (Principal Administrator in 2000 and Head of Gas Tariff Division in 2001, Senior manager from 2003, in charge of Gas Markets until 2007). After the Degree in Economics at Bocconi University in Milan and Masters in Environmental and Energy Management and Economics at Scuola Superiore Enrico Mattei, from 1991 to 1997 she has been Senior Researcher (in 1993) and Head of Research (in 1996) at IEFE, The Institute for Energy Economics, Bocconi University, Milan where she also taught on some courses on energy, wrote and presented a number of papers on the same theme.

Anna Creti (on leave from Bocconi University) is Associate Professor at Universite Paris Ouest and Research Associate at Ecole Polytechnique Paris. Before the leave, she was Assistant Professor at the Economics Department, Bocconi University in Milan and Research Director at the “Research Center on Environment and Energy Economics” (IEFE-Bocconi). She obtained a PhD in economics from the University of Toulouse. She has been previously fellow at the London School of Economics, and researcher at the Institut d’Economie Industrielle, Toulouse. She has published in various journals covering several topics in network economics, with a special focus on telecommunications, electricity and gas sectors. Her research interests are in energy economics, industrial organisation, regulation theory and organisation theory.

Jacques de Jong joined in 2003 CIEP as a senior fellow, after a distinguished career in government energy policy making. Since 1971 he has been working for the Dutch ministry of Economic Affairs, where he was involved in oil and international energy policy issues. In 1981 he was appointed as deputy director for electricity, with responsibility for nuclear energy and coal. He held several international positions as (vice-) chairman in EU- and OECD fora. During the 1990's he was account manager for the energy utility sector and heavily involved in the liberalisation process. In 1998 he was appointed as the first director of the Office for Energy Regulation (
DTE). He was also co-founder of the Council of European Energy Regulators (CEER) and heavily involved in the Florence and Madrid Fora. Next to his career at CIEP, he will remain advisor for the Dutch government on energy policy issues. (Current) Projects: European gas and electricity markets and energy regulation, History of Dutch energy policies, the energy-environment-foreign policy equation, Training in energy issues.

Juan de Miguel has a degree in Industrial Engineering from the Universidad Politécnica in
Madrid, under a specialization in Energy Technologies. After a three-year experience in the electricity system operation, he works since 2004 in the gas sector, in the Department of Development of Regulated Activities within the Gas Division in the National Energy Commission (CNE); the energy regulator in Spain.

Manfred Hafner has a 20 years international career in the energy sector. He presently coordinates energy policy and security of supply activities at FEEM (Fondazione Eni Enrico Mattei); is President for
Europe, MENA, Russia and CIS of IEC (International Energy Consultants); and teaches energy economics, markets and policy at the Ecole des Mines de Paris, the Institut Français du Pétrole and HEC-Paris. Until early 2008 he was for many years the Scientific Director of OME (Observatoire Méditerranéen de l’Energie – a think tank and association of some 35 major energy operators in the Euro-Mediterranean area). Mr Hafner holds master degrees in energy engineering, economics and policy from the Technische Universität München (Germany), the Insitut Français du Pétrole (France), the Université Paris2/Panthéon Assas (France) and the University of Pennsylvania (USA). He also holds a PhD from the Ecole des Mines de Paris. He speaks English, French, German, Italian, Spanish and Russian.

Péter Kaderjàk was President of the Hungarian Energy Office; Associate Professor in the Microeconomics Department at Budapest University of Economics; and former Chairman of the Energy Regulators Regional Association (ERRA). Mr. Kaderják was previously Chief of the Minister’s Cabinet and Secretary of the Economic Committee of the Hungarian Government. From 1998-1999, he served as a Member of the Board of Directors of the State Privatization and Asset Holding Company. Prior to that, he was Senior Environmental Policy Advisor and member of the Policy Advisory Working Group with the Harvard Institute for International Development in Budapest. He served as Co-ordinator for the Phare-ACE Project, Environmental Implications of Economic Transition in . Mr. Kaderják began his career in economics as a Lecturer in the Department of Business Economics at Budapest University of Economics in 1987. He has participated in training workshops in the and . From 1989-1990, he was a Visiting Research Assistant of economic psychology at Erasmus University. Mr. Kaderják has been a Member of the European Association of Environmental and Resource Economists (EAERE) since 1993.

Carlos Lapuerta analyzes regulatory reform in the electricity, natural gas, and telecommunications industry and is an expert on financial valuation in these industries. He has worked for the European Commission and the governments of several countries advising on the liberalization of the electricity, natural gas, or telecommunications industries, including the development of tariffs, policies towards entry and infrastructure expansion, and auctions. He has presented analyses of market power to government authorities in connection with mergers in the electricity, natural gas, and telecommunications industries. Mr. Lapuerta has estimated the value of businesses, contracts, and physical assets in these and other industries, and has provided expert testimony on valuation issues before courts and international arbitration tribunals.

David Ledesma is an independent consultant with over 15 years LNG experience gained through the development of LNG projects in
Asia and the Middle East. David provides commercial, financing and strategic support to National and International energy companies globally. He also gives commercial training courses on LNG and is one of the authors for the Oxford Institute Energy Studies book “Gas in Asia” published in June 2008.

Jeff Makholm specializes in the economics of regulated infrastructure industries in the energy (
electricity, gas, and petroleum products), transportation (pipelines, railroads, and airports), water, and telecommunications sectors. He has directed projects on competition, pricing, financing, privatization, and industrial development for many utilities and other infrastructure businesses in the US and more than 20 other countries. In the US, Dr. Makholm has directed cases regarding tariffs, cost of capital, regulation, planning, competition, and restructuring for regulated businesses in many state and federal regulatory jurisdictions. Beyond the US, he has assisted regulated industries, governments, and the World Bank with regulatory laws, proposed financing plans, and the preprivatization restructuring of regulated businesses. Dr. Makholm has provided expert testimony and reports on over 150 occasions for electricity companies, gas distributors, gas and oil pipeline companies, or regulatory bodies involved in administrative, civil, and international arbitration cases concerning competition and market power, tariff design, financing, and cost of capital. He participated in key hearings before the Federal Energy Regulatory Commission, which led to US gas and electricity industry restructuring. He has also testified on market and regulatory issues before the Supreme Court in Victoria, and before the High Court and Parliament in New Zealand.

Víctor Tuñón career has spanned over 20 years with Gas Natural SDG and Repsol
YPF. He is now the Executive Director Global Gas of Gas Natural, having spent the previous years in the position of General Manager of Gas Natural Comercializadora, Director Planning and Control, Gas for Repsol YPF and the two previous years in the same role but with Gastream (LNG). Before this, he has been in the Gas and Power Vicepresidency (Repsol YPF) and has been the General Manager of La Energia (Cogeneration Unit in Gas Natural SDG). He is a Mining Engineer (Madrid Polytechnic University) and MBA (IESE).

Mark van Stiphout works as Policy Officer at the European Commission, DG Transport & Energy's Electricity and Gas Unit began in March 2006. As coordinator of the gas team he is responsible for the liberalisation of the internal market for natural gas, which includes the implementation of the third internal energy market package and the organisation of the Madrid Forum. Previous roles include consultancy on renewable energy projects, at Ecofys, with a focus on generating energy from biomass, Market Analyst at Cogas Energie and an internship at Gaz de France, researching gas storage in the EU. His academic career contains post graduate studies in Economics of the Environment and Natural Resources in
Paris, and an MSc in Technology and Society at Eindhoven University of Technology.


Eligible Participants
The Annual Training is addressed to staff from energy regulatory institutions worldwide and energy companies that are sponsors of the FSR. In case you do not belong to one of these categories, please check our Summer School, which is open to all interested.

 

Fee
The course fee is €2800. This also includes a shuttle service from the hotel recommended by the Conference Unit, lunches at the EUI canteen, coffee breaks, and one social dinner, but excludes accommodation and transport to Florence.
The penalty for
cancelling the application is the full fee. By applying you therefore commit to pay the full fee, if you get selected.

Registration
Application deadline for the 2010 Specialised Course "Regulation of Gas Markets" is the 14th February 2010.


Contacts

  • For info about the programme please contact Annika Zorn, FSR Coordinator (phone +39 055.4685.746), or Ernesto Bonafé, FSR Training Coordinator (phone +39.055.4685.782)
  • For info about accomodation and logistics please contact the FSR Conference Unit (phone +39 055.4685.709/789/790)

Past Editions

2009

2008

2006


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Florence School of Regulation
Villa Malafrasca
Via Boccaccio
151I - 50133 Firenze (FI)
ITALY