Utility Ratemaking and Analysis: An Advanced Course in Regulation
July 17 - 21, 2006
Ocho Rios, Jamaica
Utility professionals examined the application of benchmarking techniques in incentive regulation, including data collection, strengths and limitations of alternative methodologies (data envelopment analysis and stochastic frontier analysis), and designing incentives during this week-long course.
Concepts and quantitative methods needed to address complex infrastructure issues were covered, as were analytical techniques used for determining price levels and designing price cap, revenue cap, and hybrid regulatory schemes, as well as how incentive regulation affects the legitimacy and credibility of the regulatory body. Examples included recent price review cases. Other topics included quantitative methods in rate design for energy, telecommunications, and water; the economics of network interconnection, designing prices to address cross-subsidy and affordability issues and the application of regulatory impact analysis.
In attendance were 29 participants from nine nations in the Caribbean, Latin American, and Pacific Rim regions. Session topics were identified by OOCUR leaders as important for continued professional development within their agencies. The advanced course was designed for regulators and industry professionals with at least three years of experience in utility regulation, and was co-sponsored by Organisation of Caribbean Utility Regulators (OOCUR) and PURC.