Price Controls 231 · On-demand course
A 30-minute recorded case study from MCC Economics. It shows how the revenue of Oman Electricity Transmission Company (OETC) is set, from the building blocks of Maximum Allowed Revenue to the incentives on spinning reserve.
Learn from practitioners with direct experience in electricity regulation, price controls and financial modelling.
Course lead
Director, MCC Economics
PJ has worked on price controls from the regulator's side and for regulated companies, including RIIO-2 work with Ofgem and the Utility Regulator for Northern Ireland.
I heartily recommend PJ to anyone seeking input on the financial parameters that underpin different regulatory models.
Price Controls 231 explains how Oman Electricity Transmission Company earns its regulated revenue. You learn how the Authority for Public Services Regulation (APSR) sets Maximum Allowed Revenue from operating costs, capital costs and the weighted average cost of capital, how it assesses grid investment for efficiency, and how incentives apply to spinning reserve.
You will be able to read an OETC price control and explain where each part of the allowed revenue comes from. The course is built around three outcomes.
The lecture starts with OETC's place in Oman's electricity sector and then works through how its revenue is regulated.
These are the terms the course uses most, in plain English.
| Term | Meaning |
|---|---|
| OETC | Oman Electricity Transmission Company, the sole licensed transmission and dispatch operator in Oman. |
| APSR | Authority for Public Services Regulation, the body that regulates Oman's electricity sector and sets OETC's price control. |
| Maximum Allowed Revenue | The revenue OETC is allowed to recover under its price control, abbreviated to MAR. |
| Building blocks | The method of adding up efficient operating costs, capital costs and a return on capital to reach allowed revenue. |
| WACC | Weighted average cost of capital: the blended return that debt and equity investors require, used to set the return block. |
| RPI-X | A price control that lets revenue rise with retail price inflation minus an efficiency factor, X. |
| Spinning reserve | Generating capacity that is running and synchronised to the grid, ready to respond quickly if supply is lost. |
It suits people who work with transmission pricing or utility regulation and want a worked example from the Gulf.
If revenue caps, building blocks or the cost of capital are new to you, start earlier in the Price Controls series. Price Controls 230 covers Oman's price controls more broadly.
Browse every title on the MCC Economics courses page.
MCC Economics advises regulators, government bodies and utilities on price controls, and its Gulf work includes the United Arab Emirates and Oman. The firm was founded in London in 2017. Its regulatory economics work covers energy, water, aviation and infrastructure. You can read the team's background on the people page.
MCC Economics has helped us better understand the most important issues for our stakeholders, including: charges, shareholder returns, debt payments and inflation impacts.
See the course instructor profiles above for the current teaching team and their experience.
No. Price Controls 231 is recorded course material, so there is no meeting to attend. You get access to the materials as soon as you register.
The lecture runs for about 30 minutes. Allow a little longer if you want to work through the slides and the quiz.
A video lecture, the presentation slides, a full transcript and a short quiz to check your understanding.
Checkout is handled by Eventbrite, where MCC Economics and Finance is the organiser. The button on this page takes you straight to the course listing.
It helps. Price Controls 231 is an advanced case study. If revenue caps, building blocks or the cost of capital are new to you, take Price Controls 101, 120 and 130 first.
Contact MCC Economics through the consultation page to discuss access for a team or training tailored to your organisation.
Page last reviewed September 2026.
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