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. SpeciFic progr amme
gaS market LiberaLiSation and reguLation courSe
Understanding the consequences
of the rapidly changing gas market
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2. SpeciFic progr amme
gaS market LiberaLiSation and reguLation courSe
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.
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, including
and, on the basis of such perspectives, realistic incumbents, new entrants and regulators. Educational partners
bargaining business will be staged by the • Contemporary thought on regulation. the key lecturers for this programme are
participants that will clarify how in actual prof. dr. catrinus Jepma of the university of
practice 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 and
Why the Gas Market Liberalisation operates in the gas industry (ranging from a varied programme they are supported by
and Regulation Course? departments of tSo’s and trading companies to a carefully selected group of leading experts
the 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 decisions
signed especially for managers and profession- concerning global gas market developments. Your role
als 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 be
deep 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 a
are, and how the various positions are affected economics and business administration, related negotiating game to facilitate acquiring
by the continuously changing rules and and policy and regulation aspects in particular. hands-on experience. this case study is set
regulations 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 among
When you are in the gas industry, you should into pro-active behaviour and have a good the various players; a tSo, a regulator, an
continuously 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 a
firm understanding of how regulation may The programme structure Certification
evolve in the future. this requires that you see the gmLrc deals with the following main upon successful completion of the course the
the bigger picture, which is what the course topics: participant will receive a certificate on behalf of
will 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 Location
More specifically... players. The course will take place in a central location
upon successful completion of the course the • New developments in public rules and in the netherlands. please check our website
participant will be able to understand and apply: regulation regarding the gas sector and their www.energydelta.org for specific details.
3. 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.
4. Sharing the Energy of Knowledge.
“This course offers 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. What 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. What 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 Course
Bart Dubbelboer, key lecturer Gas Market Liberalisation and Regulation Course
About Energy Delta Institute
energy delta institute (edi) is an international energy business school, with a primary focus on natural gas. edi was founded
in 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. T +31 (0) 50 524 83 00
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edi’s main objective is to contribute to the professional development of current and future energy managers. edi coordinates
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research projects and organises training programmes with a focus on the economic, management, legal and geopolitical aspects
of the energy business. I www.energydelta.org