Program Description
Regulation greatly impacts how natural gas and electric utilities can operate, generate revenue, and earn profits. Understanding the basics of energy regulation is essential for those seeking a solid understanding of the energy business. Energy Regulation Fundamentals gives a thorough overview of who the energy regulators are, who regulates what on state versus federal levels, the purpose for energy regulation, how regulatory proceedings work, basics principles of regulation, how deregulation has been implemented, the ratemaking process, and how companies makes money in regulated markets. This learning path is appropriate for industry newcomers as well as those interested in details on the regulatory process.
Learning Objectives
- List the basic concepts of regulation as applied to the natural gas and electric industries
- Identify the types of proceedings handled by regulators, how they are initiated, and the process they follow
- Differentiate between cost-of-service, incentive, and market-based ratemaking
- Determine a simple revenue requirement given input data
- Formulate a simple rate under cost-of-service ratemaking
- Analyze situations where incentive or market-based ratemaking may be allowed by regulators
- Interpret how various factors impact the earning of energy companies under each of the three types of ratemaking
- Evaluate whether a deregulated marketplace has the characteristics to be effective
- Interpret how competitive a specific market sector is within a specific geographic region
Topics Discussed
Energy Regulation
