Program : Energy Policy, Regulation and Management (EPRM)

Degree : MSc/MEng

Course Code : ACE 688

Course Name : Fundamentals of Incentive Regulation of Utilities

Course Category : Elective Core Courses

Semester : Second Semester

Credit Hours : 3

Overview of regulatory mechanisms, definitions, types and characteristics of incentive regulations, rate of return price cap and revenue cap regulation, regulation by contract, 53 benchmark regulation, performance targets and targeted performance-based regulation, profit sharing, hybrid regulatory mechanisms, information problem in incentive regulatory, peer review. Students will also be exposed to case studies on the multi-year tariff order introduced in Nigeria and international experiences in incentive regulation.