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Price Regulation and Price Caps _amp; Retail Minus

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					                                               5 March 2009, Budva, Montenegro
                                           4th Regulatory Training Workshop


09:00 - 09:30                             Arrival of participants


                                    Price Regulation and Price Caps & Retail Minus

                                                   Session 1: 09:30 – 10:30
Theory of Price Controls
    Incentive Properties of price controls (high vs. low power)
    CPI-X and Efficiency
10:30 – 11:00 Coffee Break
                                                   Session 2: 11:00– 13:00
Application of CPI-X price controls (Part 1)
    Retail and Wholesale Markets
    Dimension and Variables
    What price index?
    Calculating X
    Financial modeling
    Excel spreadsheet case study: price control applied on Telekom South Africa 2004
    History of retail price caps in the UK and Ireland
    Sensitivity analysis
13:00 – 14:00 Lunch Break
                                                   Session 3: 14:00 – 15:30
Application of CPI-X price controls (Part 2)
    Benchmarking: Gibraltar case study
    Sub-caps
    Rebalancing
    Compliance checks
    Rollover provisions
    Reviewing price controls
    Withdraw price controls
15:30 – 16:00 Coffee Break
                                                   Session 4: 16:00 – 17:00
Retail Minus
    What is retail minus?
    How is retail minus applied?
    Case study

				
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