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23 & 24 MAY 2014

Istana Hotel Kuala Lumpur

Programme Fee: 
RM 1,800 (10% Discount for group)
RM 1,500 (Special Price for Institutions of Higher Education.)

Electricity Network industries around the world have been subject to reform since the late 80s. The thrust of the reform process has been to increase operational efficiency through introduction of competition where possible and the re-regulation of aspects of the production chain that are subject to natural monopoly characteristics or market power.

This program is designed to introduce participants to electricity economic issues in a practical context of electricity market reform, international best practice principles to guide the reform process and policies of economic regulation when regulating and reforming the electricity sector. The focus is for participants to develop a sound understanding of how the regulatory processes are structured to achieve the goals of electricity supply in an economic and reliable manner.

Day 1:

- Introduction to Economic regulation, industry restructuring and reform
- Why the need for economic regulation
- Industry restructuring
- Understanding the Regulatory or Legal Framework
- Forms of Regulation
- Setting the revenue requirements

Day 2:
- Setting the Regulatory Asset Base
- Determining the Regulatory Weighted Average Cost of
Capital (WACC)
- Regulating Operating and Maintenance Costs & Service performance
- Access Pricing Principles
- Regulating Depreciation


The Program is targeted at policy makers, regulators, academic community with an interest on energy industry, investors and representatives of industry and consumer groups who want to gain a better understanding of the principles and practices of economic regulation.


Velu Ramasamy
Senior Consultant
Member of UMCoRS

Velu has more than 20 years work experience both as a regulator and a senior adviser on economic regulation in various utilities. He was acting Director of the Australian Centre of Regulatory Economics at the Australian National University from 2004 to 2008. In that position he was responsible for developing and administering the post-graduate Diploma and Masters programs in economic regulation. Since then Velu has undertaken a number of consultancies on economic regulation and industry reform as well as capacity building for regulated industries and regulators both in Australia and overseas. He was Team Leader on an Asian Development Bank Project in the Philippines where he was advising the Regulatory Office on regulation of the water industry whilst developing the capacity of the Regulatory Office in economic regulation.
He assisted the Suruhanjaya Tenaga (Energy Commission) with the development and adoption of effective regulation principles and practices.


To register, please email/fax/send this form ONE week before the program to :

University of Malaya Malaysian Centre of Regulatory Studies (UMCoRS)
Level 13, Wisma R & D, University of Malaya, Jalan Pantai Baharu, 59990 Kuala Lumpur, MALAYSIA

Tel : 03 2246 3372 / 3370 Mobile : 012-2100 616 Fax : 603 2246 3367 Email :
Website : Facebook : Twitter : UMCoRS

Registration will be closed ONE week before the program date and / or when the number of participants has reached the maximum.