MEBn5043 Introduction to fundamentals of regulation

Faculty of Social Studies
Autumn 2022

The course is not taught in Autumn 2022

Extent and Intensity
0/0/0. 2 credit(s). Type of Completion: z (credit).
Taught in person.
Teacher(s)
Mgr. et Mgr. Veronika Velička Zapletalová, Ph.D. (lecturer)
Mgr. Bc. Martin Šik, M.A. (lecturer), Mgr. et Mgr. Veronika Velička Zapletalová, Ph.D. (deputy)
Guaranteed by
doc. PhDr. Břetislav Dančák, Ph.D.
Department of International Relations and European Studies – Faculty of Social Studies
Supplier department: Department of International Relations and European Studies – Faculty of Social Studies
Prerequisites (in Czech)
! MEB443 Intro regulation && ! NOW ( MEB443 Intro regulation )
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The aim of the course is to explain the key aspects of energy regulation. The course is focused on both theory and practice, across the energy cost chain from wholesale markets through to networks and retail issues. Students will be also provided with a clear understanding of the economic and legal frameworks that have developed in EU energy regulation.
Learning outcomes
At the end of the course, the students should identify and examine the most topical issues and trends in regulatory agenda.
Syllabus
  • 1) What is Regulation? (Veronika Zapletalová) Topics: Issues on the Regulatory Agenda ---- What is “Good regulation“? ----- Five criteria for Good Regulation ---- Measuring Regulatory Quality ---- Regulation at Different Levels of Government (e.g. regulation and the EU, regulation and development, and global regulation) 2) Why Regulate and How? (Martin Šik) Topics: Why regulate energy and network industries in general? ---- Market Failure rationales, the rise, vices and virtues of natural monopolies ---- How to regulate? ---- theories and instruments of regulation ---- finding the right cost function and translating it into allowed revenue (financeability, capital and operational costs, sharing of risk between the network operator and its customers, incentivizing good behaviour) ---- ---- proscribing how allowed revenue is earned (tariff structures, SRMC vs. LRMC pricing, cross-subsidisation) 3) Reforming an industry (Martin Šik) Topics: Market discipline vs. monopoly regulation ---- Policies of energy industry liberalization and deregulation (third party access, unbundling and independent energy regulators) ---- current challenges and the role of politics (e.g. gas transmission investment, electricity security of supply concerns, rise of uncertainty and complexity, overburdening of economic regulators)
Literature
  • TALUS, Kim. EU energy law and policy : a critical account. Edited by Thomas W. Waelde. First edition. Oxford: Oxford university press, 2013, xxiii, 317. ISBN 9780199686391. info
  • A reader on regulation. Edited by Christopher Hood - Robert E. Baldwin - Colin Scott. New York: Oxford University Press, 1998, x, 522. ISBN 9780198765295. info
Teaching methods
Lectures, class discussion.
Assessment methods
Participation of students in meetings, writing exam.
Language of instruction
Czech
Further Comments
The course is taught annually.
The course is taught: in blocks.
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