Regulating Electricity Infrastructure Investment – Med-TSO and MEDREG together for a three-day training in Rome
In light of their common interest in strengthening the harmonization of regulatory frameworks and in speeding up operative integration of Mediterranean electricity markets, MEDREG the Association of Mediterranean Energy Regulators and Med-TSO the Association of the Mediterranean Transmission System Operators, partnered together to offer a three-day training on Regulating Electricity Infrastructure Investment for more productive long-term planning.
Held December 10th-12th in Rome, the training, open to members of both organizations, focused on conversations of planning, feasibility, and incentives when designing a market-based power system; one that will help to create a harmonized regional system in the future.
For this reason, it’s crucial to appropriately assess and formulate priorities at both national and regional levels, ensuring that system demands are met and a fluidity between the two can be established. With this training, participants were given the proper planning tools for making productive investment decisions that take into account the assessment of the state of any given nation and their priorities.
Moreover, the course provided participants with a comprehensive view of planning options for a market-based power system, demonstrating the pros and cons of each possibility including costs. Thus, participants will leave with a more holistic view of how to build an investment infrastructure, including a review of all incentive models used in Europe and the steps towards integrating wholesale and balanced markets in the future.
To ensure the success of members, the course was presented by current decision-makers involved in the process of electricity infrastructure investment today with various profiles like energy regulators, academics, and working professionals from energy companies. Together, they offered a theoretical snapshot of investment regulation, alongside practical case studies that help to create a complete understanding of not only the relevance of investment planning – but the steps towards implementing it.
Within the training, a focus has been put on long-term regulation planning, as there’s a clear advantage for creating more coherent intentions in regard to the assessment of needs and possible solutions over-time. This calls for a deeper look into articulating the development of energy supplies, power generation, transmission and distribution networks, and interconnections. All of which require a broader, more long-term focus to ensure stability and transparency for both national and foreign investors.