Program Structure

Brazil Module
keyboard_arrow_up 1. Institutional Model of the Brazilian Electric Sector

Institutional models of the grid industry and the Brazilian model

Brazilian energy market and energy markets in general:

  • Concepts of the competition model: OTC Market vs. Exchange Traded Market
  • Contract Market and Short-Term Market
  • Notions on short-term market price formation and forward pricing
  • Commercialization concept of accounting in the short-term market and the energy reallocation mechanism

 

Institutional structure of the Brazilian electric sector: Institutional agents – CCEE, ONS, EPE, ANEEL, CNPE, MME, CMSE – attributions and competencies.

Commercialization of energy in the regulated environment and in the free environment.

Economic agents: Model of operation. Distributors, transmitters, marketers, generators (encouraged and conventional), free consumers and special consumers. • Tariff and tax structure adopted in Brazil.
keyboard_arrow_up 2. Regulatory and legal aspects of the energy sector: Brazil and Mercosur context
  • Regulation and Energy Law: theories of regulation and concepts applied to the energy sector
  • Formation of the Brazilian electricity sector and energy integration in the Southern Cone: History and evolution of the Brazilian model and its position in Latin America
  • Applicable legal regimes and their peculiarities in the energy sector – Concession, permission and authorization
  • Renewable energy: legal and regulatory framework applicable to renewable sources and future perspectives for the segment: solar, wind, biomass and new renewables: offshore wind and green hydrogen
  • New gas market in Brazil and the insertion in the electric matrix
  • Main discussions on the agenda for 2021 in the sector regulation and the impacts of the pandemic incentives and subsidies for distributed generation, sustainability agenda and decarbonization × fundability of projects, development of green hydrogen, among others
keyboard_arrow_up 3. Planning the Brazilian electricity matrix
  • The Brazilian Electric System – general characteristics.
  • The Brazilian Power Matrix – present and future.
  • The Brazilian Market – past, present and future (liberalization).
  • Regulation of the Brazilian Electric System – present and future + Current regulatory framework.
  • Future regulatory framework.
  • Auction Model: evolution of the system in Brazil and in the world.
  • Risk Management and Energy Contracts.

EU Module
keyboard_arrow_up 1. The institutional model of the European electricity sector and the Portuguese sector as an example

Institutions and market organization

  • Public decision-making process in European Union countries. Powers of the Commission, national governments and regulatory authorities
  • Institutions and market organization in the European Union
  • Legal framework for organization of electricity and natural gas markets (Stock Exchanges, OTC) and cross-border trade (intra-European)
  • Transactions and markets (contracting arrangements, spot and forward markets)

 

Decarbonization

  • Targets in the European Union
  • Regulation, taxation and the European Union Emissions Trading System
keyboard_arrow_up 2. Regulatory aspects of the European and Portuguese energy sector

Public interest objectives, regulation failures and market failures in the energy sector

  • Externalities in production
  • Information asymmetry and energy certification
  • Market power in energy markets

 

Portuguese models of transport and distribution regulation

  • Regulatory Perimeter
  • TSO vs. ISO: ownership, network management and system management
  • Historical evolution of the regulatory model for transmission: from the rate of return on capital regulation model to the current hybrid model with incentives for Capex and Opex
  • The current regulation models for transmission and distribution: summary presentation; similarities and differences
keyboard_arrow_up 3. Energy planning and the European electricity matrix

EU energy and climate policy

  • Evolution, targets and methods
  • Energy planning
  • Macro governance – mechanisms and challenges

 

The new architecture of energy systems

  • The three-dimensional transformation
  • Impact of decarbonization on the energy matrix
  • Digitalization of energy
  • Participatory planning?
  • Micro governance

 

Transitional regulation

  • Regulate in transition vs. regulate the transition
  • Gas in transition
 

Faculty