From May 18 to May 22, energynomics.ro and WU Executive Academy (part of Vienna University of Economic and Business) organize a new session of their innovative professional development program especially designed for executives in the Romanian energy industry – WU Executive Energy Expert.
The program will help mid to top experienced managers to better understand energy related matters that are not typically studied in classic management courses. After attending this course, the participants will grasp a wider perspective on their current activity and will be able to immediately generate real value for their companies.
Register before March 10 2015 and benefit from our 10% discount for early booking!
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Contact Johanna Voicu, project manager, +4 0743 100 040, johanna at wing-media.com.
One of the 4 reputed lecturers from WU Executive Academy, Prof. Dr. Gert Brunekreeft, Jacobs University Bremen, answered a few questions from energynomics.ro. Prof. Dr. Gert Brunekreeft will host the Energy Regulation with Focus on recent EU directives module this May.
How is the regulatory climate impacting upon the investment strategies of the energy companies in Europe?
The regulatory environment determines rate-of-return and risk & uncertainty of investments; it affects the company’s profitability and credit rating. Basically, what the market is for a company facing competition, is the regulatory environment for a regulated firm; it determines the outcome.
What are the main European regulatory climate changes the companies should prepare themselves for in the near future?
The demand for infrastructure investment is massive and according to the European Commission, it comes too slowly. As is already the case, the European Commission is highly likely to promote further infrastructure investment in the near future. The best current example of European policy is the program for further steps in the “Internal Energy Market”.
How can energy companies influence the regulatory climate in Europe and hence, turn those changes and perspectives into a competitive advantage?
Companies can strategically game the regulation to make the best out of investment opportunities. For example, accelerated or delayed investment or the strategic use of investment promotion instruments (subsidies, tax-exemptions). Finance of the infrastructure investment turns out to be a challenge; good financial management can create a competitive advantage.
What is the role of the general public in debates and European policy agendas, and how can a company win public trust?
Energy policy attracts massive public attention and dealing with public acceptance turns out to be a major political issue. Renewable energies and nuclear power are big issues. So is the „NIMBY“-problem for new infrastructure. Network companies are setting up departments for public affairs with experts on public communication.
WU Executive Energy Expert is a unique product on the Romanian market offering an integrated approach to issues regarding energy industry: current trends & changes in the Energy sector, Energy Economics, Negotiation, Energy regulation with focus on recent EU directives.
The program was tested in 2014 by professionals from top companies such as Enel Green Power, Emerson Ridge-Tools, OMV Petrom, Panfora Oil & Gas, Fora Oil and Gas, McCann PR, SGS România, GDF Suez, and Schneider Electric, as well as by experts from relevant public authorities such as Intermediary Body for Energy (OIE) and Department for Energy. Read more about the 2014 edition.
Full details of this year’s sessions can be found here.
