Regulation 101: an introduction to economic regulation, who regulates what and why
An introductory, small-group session from MCC Economics at Cloud Spaces in Abu Dhabi Global Market (ADGM). It explains what regulation is, what makes economic regulation different and how it applies in electricity, water, district cooling, telecoms, financial services and gas.
Regulation 101 is delivered by MCC Economics practitioners who work on economic regulation for regulators, governments and utilities, joined by a guest speaker in each session.
Course lead
Rodrigo Malheiros Remor
Economist, MCC Economics
Rodrigo is an economist who combines data analysis with project management. He has co-authored MCC papers on Ofwat's PR24 final determination, Dubai's smart grid programme and water resilience in the UK and US.
Regulation 101 is an introductory session on who regulates what and why. It explains what regulation is, what economic regulation is and how it differs from other types, using examples from electricity, water, district cooling, telecoms, financial services and gas. Sessions run in person at ADGM, Abu Dhabi, in small groups.
Key takeaways
Regulation sets the rules that govern industries, with the aim of keeping markets fair and efficient.
Economic regulation deals with prices, revenues and service standards where competition alone cannot protect customers.
Other types of regulation cover areas such as safety, the environment and consumer protection.
Classes are small, open with a guest speaker and leave time for questions and networking.
What will you be able to do after the course?
You will be able to explain who regulates your sector, what they control and why. The session is built around three outcomes.
Explain regulation. What regulation is, why it matters and how it affects everyday life.
Recognise economic regulation. How economic regulation works and how it differs from other types of regulation.
Join the debate. Take part in informed discussion on the role of government in a market economy.
What does the course cover?
The session follows the published agenda, from the basics of regulation to economic regulation in particular.
Introductions and guest speaker: 12:00 UAE time
What is regulation?: 12:10. The rules that govern industries and sectors, and why they matter
What is economic regulation?: how economic regulation works across electricity, water, district cooling, telecoms, financial services and gas
What do the key terms mean?
These are terms you will meet in the session, in plain English.
Term
Meaning
Regulation
Rules set by government or an independent body that govern how an industry or market operates.
Economic regulation
Rules that control the prices, revenues or service standards of companies where competition cannot protect customers.
Regulator
The body that sets and enforces the rules for a sector, such as an energy, water or telecoms regulator.
Natural monopoly
An activity, such as running a water or electricity network, where one supplier can serve the market more cheaply than several competing ones.
District cooling
A network that supplies chilled water from a central plant to cool many buildings, common in the Gulf.
Price control
A limit set by a regulator on what a company can charge or earn over a set period.
Who is the course for?
It suits anyone who works in, invests in or advises a regulated sector, or simply wants to understand how the economic system works.
Aspiring professionals in regulated sectors
People new to a regulated sector
Lawyers in regulated sectors
Engineers in regulated sectors
Decision makers in regulated sectors
Investors and agents
Due diligence analysts
Policy enthusiasts
Which courses should you take first?
Regulation 101 is the first course in MCC's regulation series. Regulation 102 and 105 build up to regulatory frameworks, and the Price Controls series shows how regulators set prices and returns. If you cannot attend in person, Regulation 101 is also available on demand.
MCC Economics advises regulators, government bodies and utilities on economic regulation, and its Gulf work includes Abu Dhabi, Dubai 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.
Leila N. Nasr, Section Head, Department of Energy, Abu Dhabi
Questions buyers ask before registering
Who teaches Regulation 101?
See the instructor profiles near the top of this page for the current teaching team. Each session also opens with a guest speaker.
Where does the session take place?
At Cloud Spaces in Abu Dhabi Global Market (ADGM). If a meeting room at ADGM is not available, the session may be delivered on Microsoft Teams instead.
When are the next dates?
Regulation 101 runs on multiple dates. The current dates and remaining places are shown on the Eventbrite listing.
What time does a session start?
The published agenda starts at 12:00 UAE time, with the main content from 12:10.
What is economic regulation?
Economic regulation is the set of rules a regulator uses to control the prices, revenues and service standards of companies, such as network utilities, where competition alone cannot protect customers.
Do I need a background in regulation?
No. Regulation 101 is an introductory session, and people new to a regulated sector are part of the intended audience.