Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who Should Attend? Outline

Home / Finance & Budgeting / Financial Modelling & Tariff Setting for Utility Sector

Course Schedule

Classroom Sessions:

Date	Venue	Fees
16 - 20 Jun 2025	Dubai - UAE	$5,950
25 - 29 Aug 2025	Dubai - UAE	$5,950
06 - 10 Oct 2025	London - UK	$5,950
17 - 21 Nov 2025	Dubai - UAE	$5,950
23 - 27 Mar 2026	Dubai - UAE	$5,950
15 - 19 Jun 2026	Dubai - UAE	$5,950
24 - 28 Aug 2026	Dubai - UAE	$5,950
05 - 09 Oct 2026	London - UK	$5,950
16 - 20 Nov 2026	Dubai - UAE	$5,950

Online Sessions:

16 - 20 Jun 2025	Online	$3,950
15 - 19 Jun 2026	Online	$3,950

Course Description

INTRODUCTION

Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external factors. Because of this, it is not a simple matter to transfer conventional models of financial time series analysis to wholesale electricity prices. Its unique features are not observed in other markets, such as weekly and daily seasonality’s, on-peak vs off-peak hours, price spikes, etc. The fact that electricity is not easily storable and the requirement to meet the demand always makes forecasting techniques challenging.

This GLOMACS Financial Modelling & Tariff Setting for Utility Sector training course presents the current state-of-the-art electricity price and financial forecasting methods, including statistical time series analysis, equilibrium models, and portfolio methods. It is designed to help delegates build their own utility tariff setting model from scratch and engage in simulation cases to acquire the best practices in modelling revenue requirements.

Objectives

By the end of this Financial Modelling & Tariff Setting for Utility Sector training course, the participants will be able to:

Understanding the new challenges of the Energy sector
Evaluate the impact of the latest Energy regulatory frameworks
Develop economic models relevant to the Power Industry: RAB
Understand the dynamics and challenges of Forecasting and Modelling Utility Price
Evaluate the performance of Power Industry projects using financial models

Training Methodology

The delegates on this training course will receive thorough training on the subjects utilising a variety of proven adult learning teaching and facilitation techniques include the following:

A presentation in a highly interactive manner
Individual and group activities, interspersed throughout the sessions, along with appropriate case studies
Video documentaries that will highlight the significant teaching features

Organisational Impact

Professionals in the power sector need specialised skills, particularly financial modelling for tariff setting, which is a core skill set lacking in the municipal and utility space.

The organisation will gain a broader range of benefits that participants gain and apply to benefit their organisations.

The rationale behind Traditional Financial Models vs Utility Tariff Model
The quantitative techniques of tariff paths such as regulatory asset base, the weighted average cost of capital, and energy and input costs
Understand the dynamics and challenges of Forecasting and Modelling Utility Price
Tools to Forecasting in Utility Sector (OPEX, CAPEX and Depreciation)
The practical skills to build a Tariff Model from Scratch
Sensitivity of Tariff to WACC and Capital Costs

Personal Impact

The course will see delegates build their financial model for “utility tariff setting”, with the constituent parts (regulatory asset base, the weighted average cost of capital, energy/input costs etc.) unpacked and developed in detail throughout the week.

By attending this Financial Modelling & Tariff Setting for Utility Sector training course, the delegates will acquire the following skills and competencies:

Develop a greater understanding of the intricacies of Utility Regulatory Framework
Acquire financial engineering vocabulary
Build Economic Tariff Model from the scratch
Develop investment calculations: OPEX, CAPEX & Depreciation
Make more sound decisions regarding future Utility projects and plans

WHO SHOULD ATTEND?

This GLOMACS Financial Modelling & Tariff Setting for Utility Sector training course provides managers, senior professionals and advisors in utilities, regulatory authorities and government the skills needed to set tariffs in a regulated context. The training course is suitable to a wide range of professionals in Power Sector but will greatly benefit:

Professionals in utility sector
Employees in Municipalities
Officials in regulatory authority or government
Utility Board member
Infrastructure Fund managers
Those responsible for managing or monitoring Energy related projects

Course Outline

DAY 1

Introduction To Utility Economic Regulation Model Drivers And Scenarios

Power Utility Challenges
Key Regulatory Objectives / Aspects of Tariff Regulation
Objectives of Economic Regulation
Overview of Economic Regulatory Methodologies
Need for Financial Models
Final Model Overview
Financial Modelling as A Regulatory Tool

DAY 2

Utility Sustainability

Economic Sustainability
Financial Sustainability
Modelling Alternatives: Real vs Nominal - Firm or Equity Holders - Tax Treatment - Flow vs Discount Rate
Demand Projections
Revenue Requirement Building Blocks
Best practices in modelling revenue requirements to determine tariffs
Presentation of Simple Integrated Model: Single Year Model
Limitation of Test-Year Approach: Multiyear Tariffs

DAY 3

Regulatory Asset Base

Asset Base Evolution
RAB & Depreciation Notes
Asset Valuation
Asset Base: Which assets to include and how to value them for regulatory purposes?
Historic vs Replacement Values
Final Asset Base
Historic vs Forecast Modeling: Develop flexibility in the model to review historical data and determine a forecast

DAY 4

Opportunity Cost Of Capital WACC

Weighted Average Cost of Capital (WACC)
Risk Aversion
Risk vs Returns
Cost of Debt (Credit Ratings)
Country Risk Premium and Sovereign Risk Rating
WACC Calculations: Add WACC Calculation and Revise Current Tariff Requirement
Sensitivity of Tariff to WACC and Capital Costs: Review the impact of each input to WACC on the tariff required

DAY 5

Depreciation, OPEX, And CAPEX

Regulatory Aspects of Depreciation
Depreciation Calculations I
Depreciation Calculations II
OPEX: Benchmarking Efficiency Factors & Regulatory Treatment of Losses
Operating Cost: Develop operating costs calculations Efficiency Factor Estimates
Investments: Develop Investment Calculations (definition and use of CAPEX drivers - energy users peak demand, etc.)
Exogenous Investments
Endogenous Investments: Financial Restrictions & Impact of WACC and Depreciation on Financeable Investments

Certificates

On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance.

Providers and Associations

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

The Energy Training Centre

Our collaboration with Energy Training Centre aims to provide the best training services and benefits for our valued clients

Visit website

Options & Brochure

Related Categories

Integrating Financial Modelling into Strategic Business Planning

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An Interactive 5-Day Training Course

Financial Modelling & Tariff Setting for Utility Sector

Forecasting Models of Electricity Prices