Learn best practice for economic regulation.

The Managing New Power Markets and Regulation in Africa course is offered by The Power Futures Lab, a leading centre of excellence at the UCT GSB, and is run in partnership with the African Forum of Utility Regulators and the Regional Electricity Regulators Association.

The course enables delegates to:

  • contribute to the reform of the power sector and deliver sustainable, affordable services to everyone – while still accelerating economic growth
  • focus on Africa's needs while learning international best practice in managing reform and the new regulatory environment.

*21-25 October 2024: Online Self-paced pre-work

*28 October 2024 – 01 November 2024 face-to-face in Cape Town at UCT GSB Breakwater Campus

*Payment Deadline: 14 October 2024

Select Location and Delivery
EE: Managing Power - system effectively


Leaders, managers and professionals in infrastructure sectors around the world are facing new and complex challenges. New regulatory regimes are being put in place and reformed utilities need to deliver expanded and affordable services for the poor, while underpinning and supporting economic growth.

This specialised short course explores new research on the utility of the future, offers a thorough grounding in the fundamentals and practice of economic regulation and seeks new models to manage power systems effectively.

Additional Course Information

Daily Timetable

23 - 27 October

23 October
Power Market Reform
Time Content
08h30 - 09h30 African challenges & trends in powersector performance, reform & regulation
10h00 - 11h00 Power market models:International history of powersector reform
11h30 - 12h30 Power systems of the future
13h30 - 14h30 The energy transition
14h30 - 15h30 Evolution of European power markets: Challenges & Lessons for developing countries
16h00 - 17h00 Panel discussion: Implications for Africa
17h00 - 19h00 Private preparation
19h00 - 22h00 Own dinner arrangements
24 October
Economic Regulation Fundamentals
Time Content
08h30 - 09h30 The rationale for regulation
10h00 - 11h00 Regulatory Objectives Economic vs financial sustainability
11h30 - 12h30 Overview of economic regulatory methodologies
13h30 - 14h30 Regulatory Methods: Traditional rate of return regulation, asset valuation, WACC
14h30 - 15h30 Cost of capital
16h00 - 17h00 Optional: Financial modelling Economic vs financial sustainability & investment
17h00 - 19h00 Private preparation
19h00 - 22h00 Course dinner function
25 October

  Designing efficient tariff structures & cross-subsidisation for the poor

Time Content
08h30 - 09h30Designing efficient tariff structures & cross-subsidisation for the poor
10h00 - 11h00 Transmission access & pricing
11h30 - 12h30 Panel discussion: Practical application of multiyear tariff determination
13h30 - 14h30 Distributed Energy Resources tariff structure challenges
14h30 - 15h30 Optional: Financial modelling Tariff Structure
16h00 - 17h00 Afternoon at leisure
17h00 - 19h00 Private preparation
19h00 - 22h00 Own dinner arrangements
26 October
Time Content
08h30 - 09h30 Integrated Resource Planning (IRP)
10h00 - 11h00 Success factors in attracting private investment in IPPs
11h30 - 12h30 Renewable energy auctions
13h30 - 14h30 Investments to facilitate renewable energy
14h30 - 15h30 Managing a Just Energy Transition
16h00 - 17h00 Movie: Power Trip
17h00 - 19h00 Private preparation
19h00 - 22h00 Own dinner arrangements
27 October
Energy Access
Time Content
08h30 - 09h30 Regulating quality of electricity supply
10h00 - 11h00 Regulation for improved energy access
11h30 - 12h30 Beyond the Grid: Business models & regulatory challenges
13h30 - 14h30 Award of Certificates and Class Photos

Course Subject Overview

  • Power Market Reform
  • Economic Regulation Fundamentals
  • Tariffs
  • Investment
  • Energy Access


  • Pre-recorded videos & reading materials for the week are available on GSBOnline from 17 - 21 October 
  • Private preparation is vital to the success of this course
  • We reccommend daily early morning and afternoon preparation session once the course starts 

What our alumni say


Our Internationally acclaimed researchers and teachers are all dedicated and gifted individuals who contribute directly to UCT GSB's reputation of excellence.

Prof Anton Eberhard
Prof Anton Eberhard

Course Convenor

Anton Eberhard is a Professor Emeritus and Senior Scholar at UCT where he leads the advisory board at the Power Futures Lab at the GSB.
Dr Peter Twesigye
Dr Peter Twesigye

Course Convenor

Dr Peter Twesigye leads research in Power Market Reforms and Regulation at the Power Futures Lab.
Ms Tarryn Mentoor
Ms Tarryn Mentoor

Client Liaison Officer

Tarryn is a seasoned sales & marketing professional with over 8 years of experience in the higher education short course industry.


Acquire new competencies and move your career to the next level!

Application Deadline: 2 October 2023
Payment Deadline: 9 October 2023


You will benefit highly from this course if you are a:

  • Board member
  • Manager or senior professional in a utility, regulatory authority or government
  • Professional in the power sector

Delegates on this course will gain an understanding of:

  • Challenges in improving the performance of the power sector in Africa
  • Global and African developments in power sector reform
  • Economic and technical regulation of monopoly components of the sector
  • Accelerating investment in competitive elements of the sector – IPPs
  • Preparing for the future with the growth of variable RE and distributed resources

A number of case studies from Africa will be presented.


  • African challenges and trends in power sector performance, reform and regulation
  • Power market models
  • International history of power sector reform
  • Power systems of the future: Implications of variable renewable and distributed energy


  • The rationale for regulation
  • Regulatory objectives
  • Economic vs financial sustainability
  • Overview of regulatory methodologies
  • Regulatory Methods: Traditional cost-of-service regulation, asset valuation, WACC


  • Regulating quality of electricity supply: an example of incentive-based regulation
  • A hybrid approach: Example of multi-year tariff determination
  • Designing efficient tariff structures and cross-subsidisation for the poor
  • Transmission access and pricing


  • Success factors in attracting private investment in IPPs
  • Integrated Resource Planning (IRP)
  • Renewable energy auctions


  • New regulatory challenges in distributed and behind-the-meter generation
  • Regulation for improved energy access
  • Business models and regulatory challenges

The UCT Graduate School of Business takes pride in building future leaders and guiding the leaders of today toward sustainable impact in African business and society. 

Our degree programmes and short courses deliver learning experiences that are personally transformative because better people make better leaders. 

Our programmes are mostly offered at our vibrant Cape Town Breakwater Campus, at the heart of the city's most popular tourist attraction, the V&A Waterfront. 

The campus is equipped with modern lecture theatres, a library and syndicate rooms for group study, as well as restaurants and the Protea Hotel Breakwater Lodge that offers special rates for students. 

Find out more:



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