The road to The road to WFER IV, OCTOBER 2009WFER IV, OCTOBER 2009 IERN : IERN : International Energy Regulation International Energy Regulation

NetworkNetwork

Greek Regulatory Authority for Energy (RAE)Greek Regulatory Authority for Energy (RAE)

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The past and the future of WFERThe past and the future of WFERThree successful past World forums for Energy RegulationThree successful past World forums for Energy Regulation

WFER I WFER I 21-24 MAY 2000, MONTREAL, CANADA 21-24 MAY 2000, MONTREAL, CANADA

CAMPUT / NARUC/ REGIE DE L’ENERGIE du QUEBECCAMPUT / NARUC/ REGIE DE L’ENERGIE du QUEBEC

WFER II WFER II 5-8 OCT 2003, ROME ITALY, 5-8 OCT 2003, ROME ITALY,

AEEG / Patrons CEER, ECAEEG / Patrons CEER, EC

WFER III WFER III 8-11 OCT 2006, WASHINGTON D.C., USA,8-11 OCT 2006, WASHINGTON D.C., USA, NARUCNARUC

WFER IV :WFER IV : 18-21OCT 2009, ATHENS, GREECE, 18-21OCT 2009, ATHENS, GREECE, RAE, in coordination with CEER RAE, in coordination with CEER

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WFER IV, 18-21st OCTOBER 2009 WFER IV, 18-21st OCTOBER 2009 ATHENAEUM INTERCONTINENTAL, ATHENSATHENAEUM INTERCONTINENTAL, ATHENS 11 Oct 2006, WFER III establishes the WFER IV Steering 11 Oct 2006, WFER III establishes the WFER IV Steering

Committee (AFUR,ARIAE,CEER,EAPIRF,ERRA, Committee (AFUR,ARIAE,CEER,EAPIRF,ERRA, NARUC,OOCUR,SAFIR and the WFER Host)NARUC,OOCUR,SAFIR and the WFER Host)

Dec 2006, Steering Committee Invites RAE to host WFER IVDec 2006, Steering Committee Invites RAE to host WFER IV Jan 2007, RAE confirms acceptance to host WFER IV Jan 2007, RAE confirms acceptance to host WFER IV Mar 2007, WFER IV Announcement by the Chairmen of RAE Mar 2007, WFER IV Announcement by the Chairmen of RAE

and NARUC, blast mail to 5000 addressees. The Announcement and NARUC, blast mail to 5000 addressees. The Announcement specified Athens, Greece and Oct 2009specified Athens, Greece and Oct 2009

20 June 2007, 1st Steering Committee Meeting, Athens20 June 2007, 1st Steering Committee Meeting, Athens 18-21 Oct 2009 : WFER IV dates, RAE tender for WFER IV site, 18-21 Oct 2009 : WFER IV dates, RAE tender for WFER IV site,

RAE Contract with Athenaeum IntercontinentalRAE Contract with Athenaeum Intercontinental Two website titles reserved : Two website titles reserved : www.worldforumiv.infowww.worldforumiv.info and and

www. worldforum2009.infowww. worldforum2009.info

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WFER IV STEERING COMMITTEE :WFER IV STEERING COMMITTEE :Members / Members / Designated WF representativesDesignated WF representatives

AFUR (AFUR (African Forum for Utility Regulators ) : Chairman Smunda Mokoena (CEO, African Forum for Utility Regulators ) : Chairman Smunda Mokoena (CEO, NERSA, South Africa)NERSA, South Africa)

ARIAE (ARIAE (Ibero-American Association of Energy Regulators) : Ibero-American Association of Energy Regulators) : Chair Maria-Teresa Chair Maria-Teresa Costa (President, CNE, Spain)Costa (President, CNE, Spain)

CAMPUT CAMPUT (Canadian Association of Members of Public Utility Tribunals) : (Canadian Association of Members of Public Utility Tribunals) : Chairman Caetan Caron Chairman Caetan Caron

CEER CEER (Council of European Energy Regulators ) : Sir John Mogg, President (Council of European Energy Regulators ) : Sir John Mogg, President (Chairman, Ofgem, UK)(Chairman, Ofgem, UK)

EAPIRF EAPIRF (East Asia and Pacific Infrastructure Regulatory Forum ) : Chairman (East Asia and Pacific Infrastructure Regulatory Forum ) : Chairman Thomas Abe (Commissioner & CEO, Independent Consumer & Competition Thomas Abe (Commissioner & CEO, Independent Consumer & Competition Commission, Papua New Guinea)Commission, Papua New Guinea)

ERRA ERRA (Energy Regulators Regional Association for Central/Eastern Europe & (Energy Regulators Regional Association for Central/Eastern Europe & Eurasia ) : Chairman Angel Semerdjiev (Commissioner, SEWRC, Bulgaria)Eurasia ) : Chairman Angel Semerdjiev (Commissioner, SEWRC, Bulgaria)

NARUC NARUC (National Association of Regulatory Utility) Commissioners (US) : (National Association of Regulatory Utility) Commissioners (US) : Commissioner Frederick Butler (New Jersey Board of Public Utilities) – President Commissioner Frederick Butler (New Jersey Board of Public Utilities) – President James Kerr (Commissioner, North Carolina Utilities Commission)James Kerr (Commissioner, North Carolina Utilities Commission)

Immediate Past NARUC President Diane Munns (Commissioner, Iowa Utilities Immediate Past NARUC President Diane Munns (Commissioner, Iowa Utilities Board) Board)

OOCUR (OOCUR (Organization of Caribbean Utility Regulators ) : Mr. J. Paul Morgan Organization of Caribbean Utility Regulators ) : Mr. J. Paul Morgan (Chairman & Director General, OUR, Jamaica)(Chairman & Director General, OUR, Jamaica)

SAFIR (SAFIR (South Asia Forum for Infrastructure Regulation ) : Chairman Prof. PriyanthaSouth Asia Forum for Infrastructure Regulation ) : Chairman Prof. PriyanthaWijayatunga (Director General, PUC, Sri Lanka)Wijayatunga (Director General, PUC, Sri Lanka)

ΑΕΕΑΕΕG ( G ( Autorità per l'Energia Elettrica e il Gas) : Autorità per l'Energia Elettrica e il Gas) : Mr. Alessandro Ortis (President)Mr. Alessandro Ortis (President)

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Key WFER IV ObjectivesKey WFER IV Objectives

Ensure and strengthen the character of theEnsure and strengthen the character of the Forum as the sole Forum as the sole and most important global event for energy regulationand most important global event for energy regulation, ,

The Forum must address in a balanced way energy The Forum must address in a balanced way energy and regulatory issues facing developing, transitioning and and regulatory issues facing developing, transitioning and developed countries developed countries

Build upon the key findings of the previous Fora, Build upon the key findings of the previous Fora, Identify and address the Identify and address the new developments and challenges new developments and challenges

that energy regulation faces in evolving global, regional and that energy regulation faces in evolving global, regional and national energy markets.national energy markets.

Static regulatory policy applied to dynamic markets leads to Static regulatory policy applied to dynamic markets leads to failuresfailures

REGULATORS MUSTREGULATORS MUST BE AGENTS OF POSITIVE CHANGE BE AGENTS OF POSITIVE CHANGE

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WFER IV KEY ISSUESWFER IV KEY ISSUES

Two key, interlinked, global scale energy challenges:Two key, interlinked, global scale energy challenges:

- - Security and Reliability of SupplySecurity and Reliability of Supply and and Climate ChangeClimate Change

The Regulatory Challenge : Develop and implement effective The Regulatory Challenge : Develop and implement effective regulation to address them through open, competitive, efficient regulation to address them through open, competitive, efficient energy markets at affordable pricesenergy markets at affordable prices

- - Energy Infrastructure Investment:Energy Infrastructure Investment: Required to (i) meet Required to (i) meet increasing energy demand, (ii) replace ageing-inefficient-increasing energy demand, (ii) replace ageing-inefficient-polluting capacity, (iii) diversify energy supply, (iv) access polluting capacity, (iii) diversify energy supply, (iv) access consumers. consumers.

We must appreciate need to Develop appropriate climate and We must appreciate need to Develop appropriate climate and regulatory certainty to attract investmentsregulatory certainty to attract investments

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WFER IV KEY ISSUES (contd.)WFER IV KEY ISSUES (contd.)

- - Energy supply affordabilityEnergy supply affordability, , an important multi faceted an important multi faceted issue regionally and globally differentiated, issue regionally and globally differentiated,

Develop and implement regulatory guidelines for the Develop and implement regulatory guidelines for the protection of vulnerable customersprotection of vulnerable customers

- - Improve the efficiency of electricity marketsImprove the efficiency of electricity markets, , including including active load participation in market operationsactive load participation in market operations

- - Institutional issues :Institutional issues : achieve efficient, transparent and achieve efficient, transparent and competitive markets, competitive markets, ensure independent Regulators, with ensure independent Regulators, with appropriate powers and adequate resources appropriate powers and adequate resources

- - Regulators TrainingRegulators Training, , academic academic andand on the job training on the job training

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WFER IVWFER IV Organizational plan Organizational plan

Sunday 18th Oct : RegistrationSunday 18th Oct : Registration 1919thth to 21 to 21stst : Forum Occurs : Forum Occurs Plenary sessions and 3 parallel sessionsPlenary sessions and 3 parallel sessions Simultaneous translation in 4 languages for plenaries Simultaneous translation in 4 languages for plenaries

and parallel sessions (English, French, Spanish, and parallel sessions (English, French, Spanish, Greek) Greek)

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Immediate Next stepsImmediate Next steps

Mid March 2008 Steering Committee Members to Mid March 2008 Steering Committee Members to nominate members for the International Program nominate members for the International Program Committee (letter solicitation sent) Committee (letter solicitation sent)

(total 30-35 envisaged)(total 30-35 envisaged)

11stst Advisory Committee meeting planned for April- May Advisory Committee meeting planned for April- May 20082008

Mid March RAE forwards to SC Members for approval Mid March RAE forwards to SC Members for approval draft WFER IV Concept paper based on 1draft WFER IV Concept paper based on 1stst SC Meeting SC Meeting deliberations (Input for IPC) deliberations (Input for IPC)

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THE THE INTERNATIONAL ENERGY REGULATION NETWORK (i)INTERNATIONAL ENERGY REGULATION NETWORK (i) The Concept behind The Concept behind IERN : IERN : Regulatory Co-operationRegulatory Co-operation

- - Liberalisation, privatisation and regulation of the energy sector is Liberalisation, privatisation and regulation of the energy sector is developing worldwidedeveloping worldwide

-- In most countries the concept of independent market regulation In most countries the concept of independent market regulation has been introduced and institutions have been set up to govern has been introduced and institutions have been set up to govern the process: Regulatory authorities independent from the process: Regulatory authorities independent from stakeholders and governmentsstakeholders and governments

-- Despite the differences in the economic and political contexts, Despite the differences in the economic and political contexts, energy regulation is based on common institutional and technical energy regulation is based on common institutional and technical features that can be sharedfeatures that can be shared

- The birth of the idea of a web-based regulatory platform is traced The birth of the idea of a web-based regulatory platform is traced back to Earlier World Energy Regulatory Fora, where it was back to Earlier World Energy Regulatory Fora, where it was emphasized that regulators should benefit from dialogue, emphasized that regulators should benefit from dialogue, discussion and exchange of information. discussion and exchange of information.

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THE THE INTERNATIONAL ENERGY REGULATION NETWORK (iii)INTERNATIONAL ENERGY REGULATION NETWORK (iii) IERN : The Network that bonds IERN : The Network that bonds

Goals of IERN are to provide accurate information Goals of IERN are to provide accurate information on global energy regulation and facilitate policy transfer and on global energy regulation and facilitate policy transfer and information exchange among energy stakeholders ; information exchange among energy stakeholders ;

Through IERN, regulators and other energy market Through IERN, regulators and other energy market stakeholders will be able to share among them information stakeholders will be able to share among them information regarding institutional, technical and market issues, as well as regarding institutional, technical and market issues, as well as regulatory practices. regulatory practices.

IERN is also a place where regulators can share IERN is also a place where regulators can share information about training courses, conferences and online information about training courses, conferences and online resources on energy regulation. resources on energy regulation.

IERN will also produce in the near future working IERN will also produce in the near future working papers, reports and studies on best practices.papers, reports and studies on best practices.

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IERN (IERN (((www.iern.netwww.iern.net ) - Structure) - Structure The IERN web platform consists of five sections: The IERN web platform consists of five sections:

1.1. Basic information on the main regional associations of Basic information on the main regional associations of regulators regulators

2.2.         Detailed information on the regulatory structure of each Detailed information on the regulatory structure of each country, normally provided directly by the national    regulator. country, normally provided directly by the national    regulator.

3.3. Basic energy data and summary market description for each Basic energy data and summary market description for each country country

4.4.             Training courses, conferences and publications/journals with Training courses, conferences and publications/journals with a selection of world referencesa selection of world references

5.5. Information on past and upcoming editions of the World Information on past and upcoming editions of the World Forum on Energy Regulation. Forum on Energy Regulation.

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Membership and SupportMembership and Support

Founding MembersFounding Members CEER CEER ARIAEARIAE NARUCNARUC AFURAFUR

• Supporting AssociationsSupporting Associations

ERRAERRA

CAMPUTCAMPUT

SAFIRSAFIR

• SponsorSponsor

EUROGASEUROGAS

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IERN and CEERIERN and CEER

CEER, as a co-promoter of IERN, supported the CEER, as a co-promoter of IERN, supported the

initiative on 2003 and helped to launch the first pilotinitiative on 2003 and helped to launch the first pilot

project in 2005.project in 2005.

The pilot project contents were developed, through The pilot project contents were developed, through

the collaboration of ERRA, ARIAE and CEER the collaboration of ERRA, ARIAE and CEER

members, under the supervision of the Florence members, under the supervision of the Florence

School of Regulation, the research and training center School of Regulation, the research and training center

supported by CEER and the European Commission.supported by CEER and the European Commission.

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Support by Regional Associations of Energy Support by Regional Associations of Energy Regulators Regulators CEER from Europe, ARIAE from Latin America, NARUC CEER from Europe, ARIAE from Latin America, NARUC

and North America are the Regional Associations who and North America are the Regional Associations who contribute to the IERN project also financially, as Founding contribute to the IERN project also financially, as Founding membersmembers

ERRA from the Central and East European States and ERRA from the Central and East European States and CAMPUT from Canada also contribute substantiallyCAMPUT from Canada also contribute substantially

SAFIR and EAPIRF from the Asian continent have SAFIR and EAPIRF from the Asian continent have expressed interest in contributing with information expressed interest in contributing with information

The African Forum for Utility Regulation (AFUR) to The African Forum for Utility Regulation (AFUR) to emphasize their support made a financial contribution. emphasize their support made a financial contribution.

Each of the Founding Regulator Associations pledged to Each of the Founding Regulator Associations pledged to provide financial support of Euro 10,000. NARUC last year provide financial support of Euro 10,000. NARUC last year contributed Euro 5,000.contributed Euro 5,000.

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IERN TODAYIERN TODAY

References to 303 regulators worldwide in ca. 170 countries (includes federal states) and a link to their website in most cases

Fact sheets for 85 regulators (all CEER, ARIAE and ERRA members)

Facts sheets on 74 countries with general country statistics and market information regarding the electricity and gas sector

Information on 12 national associations worldwide An up-to-date section on world wide training,

conferences and publications A section with information on all past World Forums

on Energy Regulation

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The significance and the future of IERNThe significance and the future of IERN

IERN website : A unique virtual meeting place of IERN website : A unique virtual meeting place of global dimension for energy regulators and other global dimension for energy regulators and other stakeholders, facilitating the convergence of stakeholders, facilitating the convergence of experience of various regulatory authorities. experience of various regulatory authorities.

Benefits for new Regulators : IERN is planning to set Benefits for new Regulators : IERN is planning to set up a member's area with direct access for all up a member's area with direct access for all regulators.regulators.

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IERN ACCESS STATISTICSIERN ACCESS STATISTICS

Number of visitors per monthNumber of visitors per month

500

1,000

1,500

2,000

2,500

3,000

3,500

Monthly data from October 2006 (IERN launch) up to November 2007

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IERN web and contact addressesIERN web and contact addresses

www.iern.netwww.iern.net

iern@iern.netiern@iern.net

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Thank you for your attention!Thank you for your attention!

RAERAE69 Panepistimiou & Eolou69 Panepistimiou & Eolou

105 64 105 64 Athens, GreeceAthens, GreeceTelTel: : +30+30 2210 372740010 3727400 +30 210 3727465+30 210 3727465FaxFax: : +30+30 2210 325546010 3255460

ee--mailmail : : info@rae.grwww.rae.gr

Michael CaramanisMichael CaramanisChairmanChairman

caramanis@rae.grTel: +30 210 3727425 Tel: +30 210 3727425