Transition Plans and Cost Recovery following COVID-19
Date: Wednesday, June 24, 2020
Time: 15:00 – 16:30 Central European Summer Time (CEST)
09:00 – 10:30 Eastern U.S. Time (ET)
CEER has teamed up with other regional regulatory associations (CAMPUT, ERRA and NARUC) in a webinar series that examines the regulatory implications of the COVID-19 pandemic on the energy sector. In the last of our Wednesday webinars, energy regulators from the USA, Europe and Canada discuss:
• What are the next steps as regulators and utilities transition out of the emergency phase during the COVID-19 pandemic?
• In the USA, some energy regulators have rules under which a utility can come in for an immediate rate increase due to its inability to pay all of its bills. While this has been invoked in the past, it is a very strict measure and requires full transparency of the utility’s financial situation. How will U.S. regulators deal with the potential for multiple utilities to potentially seek this type of support, all at the same time? What constitutes a “fair and reasonable” rate of return during and following this global pandemic? How does the regulator balance the needs of the utilities with consumers?
• In Europe, regulators are adopting a “dynamic regulation” approach based on an interconnected energy system that is grounded on well-functioning markets. This type of system will function as a strong safeguard during the crisis, and will help to mitigate long-term impacts of the pandemic on consumers and the energy sector. Through their association, CEER, European energy regulators are sharing best possible scenarios for the phasing out of the transition period.
Mr. David Boyd, Regulatory & Policy Strategist; former Commissioner, Minnesota Public Utilities Commission, USA
Mr. Sergey Aghinyan, Commissioner, Public Service Commission of Armenia (ERRA)
Mr. David Morton, Chair and CEO, British Columbia Utilities Commission, Canada (CAMPUT)
Mr. Howard Petricoff, former Commissioner and former Chief Analyst, Public Utilities Commission of Ohio, USA (NARUC)
Dr. Cathryn Scott, Interim Executive Director, Systems & Networks, Ofgem, United Kingdom (CEER)