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Financial Modelling & Tariff Setting for Utility Sector

An Interactive 5-Day Training Course

Financial Modelling & Tariff Setting for Utility Sector

Forecasting Models of Electricity Prices

NASBA
Classroom Schedule
Date Venue Fees
23 - 27 Mar 2026 Dubai $ 5,950
15 - 19 Jun 2026 Dubai $ 5,950
24 - 28 Aug 2026 Dubai $ 5,950
05 - 09 Oct 2026 London $ 5,950
16 - 20 Nov 2026 Dubai $ 5,950
22 - 26 Mar 2027 Dubai $ 5,950
Online Schedule
Date Venue Fees
15 - 19 Jun 2026 Online $ 3,950

Course Summary

Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external factors. Because of this, it is not a simple matter to transfer conventional models of financial time series analysis to wholesale electricity prices. Its unique features are not observed in other markets, such as weekly and daily seasonality’s, on-peak vs off-peak hours, price spikes, etc. The fact that electricity is not easily storable and the requirement to meet the demand always makes forecasting techniques challenging.

This GLOMACS Financial Modelling & Tariff Setting for Utility Sector training course presents the current state-of-the-art electricity price and financial forecasting methods, including statistical time series analysis, equilibrium models, and portfolio methods. It is designed to help delegates build their own utility tariff setting model from scratch and engage in simulation cases to acquire the best practices in modelling revenue requirements.

Course Outline
Day 1

Introduction To Utility Economic Regulation Model Drivers And Scenarios 

  • Power Utility Challenges
  • Key Regulatory Objectives / Aspects of Tariff Regulation
  • Objectives of Economic Regulation
  • Overview of Economic Regulatory Methodologies 
  • Need for Financial Models
  • Final Model Overview
  • Financial Modelling as A Regulatory Tool
Day 2

Utility Sustainability 

  • Economic Sustainability
  • Financial Sustainability
  • Modelling Alternatives: Real vs Nominal - Firm or Equity Holders - Tax Treatment - Flow vs Discount Rate
  • Demand Projections 
  • Revenue Requirement Building Blocks
  • Best practices in modelling revenue requirements to determine tariffs
  • Presentation of Simple Integrated Model: Single Year Model
  • Limitation of Test-Year Approach: Multiyear Tariffs
Day 3

Regulatory Asset Base 

  • Asset Base Evolution
  • RAB & Depreciation Notes
  • Asset Valuation 
  • Asset Base: Which assets to include and how to value them for regulatory purposes?
  • Historic vs Replacement Values
  • Final Asset Base
  • Historic vs Forecast Modeling: Develop flexibility in the model to review historical data and determine a forecast
Day 4

Opportunity Cost Of Capital WACC

  • Weighted Average Cost of Capital (WACC)
  • Risk Aversion
  • Risk vs Returns
  • Cost of Debt (Credit Ratings)
  •  Country Risk Premium and Sovereign Risk Rating
  • WACC Calculations: Add WACC Calculation and Revise Current Tariff Requirement
  • Sensitivity of Tariff to WACC and Capital Costs: Review the impact of each input to WACC on the tariff required
Day 5

Depreciation, OPEX, And CAPEX

  • Regulatory Aspects of Depreciation
  • Depreciation Calculations I
  • Depreciation Calculations II
  • OPEX: Benchmarking Efficiency Factors & Regulatory Treatment of Losses
  • Operating Cost: Develop operating costs calculations Efficiency Factor Estimates
  • Investments: Develop Investment Calculations (definition and use of CAPEX drivers - energy users peak demand, etc.)
  • Exogenous Investments
  • Endogenous Investments: Financial Restrictions & Impact of WACC and Depreciation on Financeable Investments
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

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No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

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No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

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Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

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