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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 from other commodities, exhibiting unique features such as volatility, daily and weekly seasonality, and price spikes that make traditional financial models ineffective without adaptation. This training course presents state-of-the-art electricity price and financial forecasting methods — including statistical time series analysis, equilibrium models, and portfolio techniques — tailored specifically for the utility sector. Designed to help professionals build a tariff-setting model from scratch, the Financial Modelling & Tariff Setting for Utility Sector training course enables participants to engage with simulation cases and apply best practices in modelling revenue requirements.

Participants will gain a comprehensive understanding of utility tariff economics, regulatory frameworks, and the dynamics influencing forecasting and modelling of utility prices. Emphasis is placed on deploying quantitative techniques such as the regulatory asset base, weighted average cost of capital (WACC), CAPEX, OPEX, and depreciation calculations within financial models. The Financial Modelling & Tariff Setting for Utility Sector training course equips delegates with practical skills to evaluate utility projects and design tariffs that balance sustainability, regulation, and revenue requirements.

Skills & Competencies

From this Financial Modelling & Tariff Setting for Utility Sector training course, participants will develop the following key skills and competencies:

  • Utility financial modelling expertise
  • Tariff design and regulatory analysis
  • Forecasting electricity price dynamics
  • Regulatory asset base (RAB) evaluation
  • WACC and capital cost sensitivity analysis
  • CAPEX and OPEX integration in models

Key Learning Outcomes

At the end of Financial Modelling & Tariff Setting for Utility Sector training course, you will learn to:

  • Understand the unique features and challenges of electricity market modelling.
  • Evaluate the impact of energy regulatory frameworks on tariff setting.
  • Build economic models relevant to tariff and utility performance.
  • Apply forecasting techniques to model utility revenue requirements.
  • Analyse tariff sensitivity using cost of capital and asset base methods.

How You Will Learn

Participants will learn through a blend of interactive presentations, group exercises, and simulation activities that focus on practical financial modelling and tariff design techniques. The training course emphasises learning by doing, enabling delegates to construct and refine tariff-setting models with guidance from industry-relevant examples and best practices.

Who should Attend?

This training course is designed for professionals working in utilities, regulatory authorities, government agencies, and energy-related projects who require specialised skills in financial modelling and tariff setting.

This Financial Modelling & Tariff Setting for Utility Sector training course is suitable to a wide range of professionals but will greatly benefit:

  • Managers and senior professionals in utility sectors
  • Employees in municipalities and public utilities
  • Regulatory authority officials and government advisors
  • Utility board members
  • Infrastructure fund managers and analysts
Course Outline
Day 1

Introduction To Utility Economic Regulation Model Drivers And Scenarios

This day sets the foundation by exploring the responsibilities of economic regulation and the need for financial models in tariff setting. Participants will examine key regulatory objectives and the role of financial modelling as a regulatory tool. The topics covered will include:  

  • 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

This day focuses on economic and financial sustainability, demand projections, and revenue requirement building blocks to determine tariffs. Participants will explore modeling alternatives and best practices in revenue modelling. The topics covered will include:  

  • 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

This day delves into the regulatory asset base, valuation methods, and how to integrate historical and forecast data into tariff models. Participants will learn asset inclusion criteria and valuation techniques. The topics covered will include:  

  • 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

This day explains the weighted average cost of capital (WACC), risk-return dynamics, and how capital costs influence tariffs. Participants will practice WACC calculations and sensitivity assessments. The topics covered will include:  

  • 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

This day focuses on the regulatory treatment of depreciation, operating costs, benchmarking efficiency factors, and investment calculations related to enduring utility operations. The topics covered will include:

  • 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
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this in-house training course enables organisations to tailor financial modelling practices and regulatory tariff-setting frameworks to their unique operational, regulatory, and financial contexts. Customised sessions help teams focus on real organisational data, aligning tariff modelling skills with strategic revenue and regulatory requirements.

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.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Financial Modelling & Tariff Setting for Utility Sector training course:

  • Enhanced ability to forecast utility price dynamics
  • Deeper understanding of regulatory tariff frameworks
  • Practical skills to design financially sustainable tariffs
  • Improved project evaluation capability
  • Stronger utility financial decision-making
  • Greater confidence in tariff model deployment
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Frequently Asked Question

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.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

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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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

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

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at info@glomacs.sa

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.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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